SRAGOWICZ FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SRAGOWICZ FOUNDATION INC (EIN 65-0444814)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-03-20
IRS object ID
201700799349100505
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-03-20T21:20:24+00:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473371713PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SALVER SALVER CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112550 BISCAYNE BLVD SUITE 701AddressLine1Txt
CityNORTH MIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33181ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN650444814EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SRAGOWICZ FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSRAGBusinessNameControlTxt
Phone3058683600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1166 BAL BAY DRIVEAddressLine1Txt
CityBAL HARBOURCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33154ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANE FREUNDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3057998852PhoneNum
Signature2017-03-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISAAC SALVER CPAPreparerPersonNm
PTINP00189954PTIN
Phone3058647888PhoneNum
Preparation2017-03-20PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id412328599BA3C81BBC56D2FF997050907B0CE15CAtSubmissionCreationDeviceId
At Submission Filing Device Id412328599BA3C81BBC56D2FF997050907B0CE15CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,534,946FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1,198InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,198InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$1,198TotalRevAndExpnssAmt
Total Net Invst Incm$1,198TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$40,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$30,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$10,000CompOfcrDirTrstDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$3,060PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$2,142PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$918PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$5,700AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,275AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,425AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$123TaxesRevAndExpnssAmt
Taxes Net Invst Incm$86TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$37TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$205OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$144OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$61OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$49,088TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$36,647TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$12,441TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$210,207ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$210,207ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$259,295TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$36,647TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$222,648TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$258,097ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,790,256SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,533,676SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,533,676SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$1,270PrepaidExpensesBOYAmt
Prepaid Expenses EOY$1,270PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$1,270PrepaidExpensesEOYFMVAmt
Total Assets BOY$5,791,526TotalAssetsBOYAmt
Total Assets EOY$5,534,946TotalAssetsEOYAmt
Total Assets EOYFMV$5,534,946TotalAssetsEOYFMVAmt
Other Liabilities EOY$1,517OtherLiabilitiesEOYAmt
Total Liabilities EOY$1,517TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$7,154,333CapitalStockBOYAmt
Capital Stock EOY$7,154,333CapitalStockEOYAmt
Retained Earning BOY-$1,362,807RetainedEarningBOYAmt
Retained Earning EOY-$1,620,904RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,791,526TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,533,429TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,791,526TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,534,946TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,791,526TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$258,097ExcessRevenueOverExpensesAmt
Subtotal$5,533,429SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,533,429TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$159,119AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$5,766,341NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.027594DistributionYr1Rt
Adjusted Qlfy Distri Yr2$648,266AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$6,052,801NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.107102DistributionYr2Rt
Adjusted Qlfy Distri Yr3$485,258AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$9,641,814NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.050328DistributionYr3Rt
Adjusted Qlfy Distri Yr4$59,801AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$7,010,487NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.008530DistributionYr4Rt
Adjusted Qlfy Distri Yr5$41,948AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,044,448NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.005955DistributionYr5Rt
Total Distribution0.199509TotalDistributionRt
Average Distribution0.039902AverageDistributionRt
Net Vl Noncharitable Assets$5,579,840NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$222,647AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$222,647AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$222,648QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$1,268EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,268TotalPaymentsAndCreditsAmt
Overpayment$1,268OverpaymentAmt
Applied To ES Tax$1,268AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SALVER SALVER CPAS LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3058647888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112550 BISCAYNE BLVD 701AddressLine1Txt
CityNORTH MIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33181ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JANE FREUND
130 PARK DRIVEBAL HARBOURFL33154PRESIDENT40.00$40,000$0$0
AZRIEL SRAGOWICZ
8925 COLLINS AVE 9FSURFSIDEFL33154TREASURER0.25$0$0$0
MINA SRAGOWICZ
166 BAL BAY DRIVEBAL HARBOURFL33154DIRECTOR0.25$0$0$0
JOHN SRAGOWICZ
141 BAL CROSS DRIVEBAL HARBOURFL33154DIRECTOR0.25$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,664,812AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,664,812TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,664,812AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$84,972CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,579,840NetVlNoncharitableAssetsAmt
Minimum Investment Return$278,992MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$278,992MinimumInvestmentReturnAmt
Distributable Before Adj$278,992DistributableBeforeAdjAmt
Distributable Before Ded$278,992DistributableBeforeDedAmt
Distributable As Adjusted$278,992DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$222,648ExpensesAndContributionsAmt
Qualifying Distributions$222,648QualifyingDistributionsAmt
Adjusted Qualifying Distri$222,648AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$278,992DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$8,979ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$345,628ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$354,607TotalExcessDistributionCyovAmt
Qualifying Distributions$222,648QualifyingDistributionsAmt
Applied To Current Year$222,648AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$56,344ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$56,344ExcessDistributionCyovAppCYAmt
Total Corpus$298,263TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$298,263ExcessDistriCyovToNextYrAmt
Excess From Year2$298,263ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
ALLIANCE FOR EDUCATION
509 OLIVE WAY SUITE 500SEATTLEWA98101CHARITABLE$360
ASCENT
383 KINGSTON AVE 28BROOKLYNNY11213CHARITABLE$1,800
CALIFORNIA CLUB CHABAD
825 NE 205TH STREETMIAMIFL33179CHARITABLE$4,500
CHABAD LUBAVITCH OF DOMINICAN REPUB
816 EASTERN PARKWAYBROOKLYNNY11213CHARITABLE$15,000
CHABAD OF PALMETTO BAY
16721 SW 78TH COURTPALMETTO BAYFL33157CHARITABLE$1,360
CHAI LIFELINE
2699 STIRLING ROADFORT LAUDERDALEFL33312CHARITABLE$360
EZRAT ISRAEL
806 EASTERN PARKWAYBROOKLYNNY11213CHARITABLE$65,300
FRIENDS OF THE IDF
PO BOX 4224NEW YORKNY10163CHARITABLE$180
FJC
520 8TH AVENUE FL 20NEW YORKNY10018CHARITABLE$5,000
FRIENDS OF OHEL MIRIAM
1574 45TH STREETBROOKLYNNY11219CHARITABLE$1,280
ISRAEL CHILDREN CANCER CENTERS
990 CEDARBRIDGE AVE B7BRICKNJ08732CHARITABLE$36
MERKAZ MOSDOS CHINUCH
35 BALFOUR PLACEBROOKLYNNY11225CHARITABLE$20,300
JCS KOSHER FOOD BANK
2056 NE 155TH STREETNORTH MIAMI BEACHFL33162CHARITABLE$1,800
CHABAD HOUSE BOWERY
353 BOWERYNEW YORKNY10003CHARITABLE$2,500
PROJECT REFUAH
1310 48TH STREETBROOKLYNNY11219CHARITABLE$54
SIMCHA CONNECTION
1700 JOHN F KENNEDY CSWYNORTH BAY VILLAGEFL33141CHARITABLE$46,300SUITE 132
SULAM
13300 ARCTIC AVENUEROCKVILLEMD20853CHARITABLE$1,000
THE SHUL OF BAL HARBOUR
9540 COLLINS AVENUESURFSIDEFL33154CHARITABLE$41,057
TORAT CHESED TRUST
3805 15TH AVENUEBROOKLYNNY11218CHARITABLE$250
CHABAD AT THE CIVIC CENTER
5701 MARIUS STREETMIAMIFL33146CHARITABLE$770
ZAKA RESCUE
11 BROADWAY 518NEW YORKNY10004CHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$210,207TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,198ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,198ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,198TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$5,700Amt
Net Investment Income$4,275NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,425DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$205$144$61

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPAYROLL LIABILITIESDesc
EOY Book Value$1,517EOYBookValueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryANNUAL REPORTCategoryTxt
Amt$123Amt
Net Investment Income$86NetInvestmentIncomeAmt
Disbursements Charitable Prps$37DisbursementsCharitablePrpsAmt

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