MENLO FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: MENLO FOUNDATION INC (EIN 95-3388159)
Tax period: 2015-12-01 to 2016-11-30
Filed: 2017-06-28
IRS object ID: 201701809349100000
Schema version: 2015v3.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Notes Loans Rcvbl Long Sch

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-06-28T20:27:57-07:00	ReturnTs
Tax Period End	2016-11-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461587174	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GOLDFINGER TSIKMAN ACCOUNTANCY CORP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5455 WILSHIRE BLVD STE 914	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	900364236	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2015-12-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	953388159	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MENLO FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MENL	BusinessNameControlTxt
Phone	3239371050	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	4221 WILSHIRE BLVD SUITE 480	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90010	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	FRANKLIN H MENLO	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	3239371050	PhoneNum
Signature	2017-05-16	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	POLINA TSIKMAN	PreparerPersonNm
PTIN	P00634964	PTIN
Phone	3234561888	PhoneNum
Preparation	2017-05-26	PreparationDt

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2021-01-29 14:40:06Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$185,023	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$4,240,012	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$4,240,012	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$5,100	AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss	$237	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$5,337	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,297,612	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,297,612	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$4,302,949	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,297,612	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$62,937	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$173,460	CashBOYAmt
Cash EOY	$108,523	CashEOYAmt
Cash EOYFMV	$108,523	CashEOYFMVAmt
Acct Rcvbl BOY	$5,000	AcctRcvblBOYAmt
Other Nts And Loans Rcvbl	$66,500	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$69,500	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$66,500	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$66,500	OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets EOY	$10,000	OtherAssetsEOYAmt
Other Assets EOYFMV	$10,000	OtherAssetsEOYFMVAmt
Total Assets BOY	$247,960	TotalAssetsBOYAmt
Total Assets EOY	$185,023	TotalAssetsEOYAmt
Total Assets EOYFMV	$185,023	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$247,960	UnrestrictedBOYAmt
Unrestricted EOY	$185,023	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$247,960	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$185,023	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$247,960	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$185,023	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$247,960	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$62,937	ExcessRevenueOverExpensesAmt
Subtotal	$185,023	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$185,023	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$4,421,215	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$342,359	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	12.913973	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$5,329,953	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$258,759	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	20.598136	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$6,623,512	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$258,759	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	25.597224	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$4,134,724	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$232,894	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	17.753673	DistributionYr4Rt
Total Distribution	76.863006	TotalDistributionRt
Average Distribution	19.215752	AverageDistributionRt
Net Vl Noncharitable Assets	$301,029	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$5,784,499	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$5,784,499	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$4,297,612	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	CA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	FRANKLIN H MENLO	IndividualWithBooksNm
Phone	3239371050	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	4221 WILSHIRE BLVD SUITE 480	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90010	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
SAM MENLO
4221 WILSHIRE BLVD SUITE 480	LOS ANGELES	CA	90010	DIRECTOR	0.00	$0	$0	$0
VERA MENLO
4221 WILSHIRE BLVD SUITE 480	LOS ANGELES	CA	90010	DIRECTOR	0.00	$0	$0	$0
FRANKLIN H MENLO
4221 WILSHIRE BLVD STE 480	LOS ANGELES	CA	90010	CEO	0.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$305,613	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$305,613	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$305,613	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$4,584	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$301,029	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$15,051	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$15,051	MinimumInvestmentReturnAmt
Distributable Before Adj	$15,051	DistributableBeforeAdjAmt
Distributable Before Ded	$15,051	DistributableBeforeDedAmt
Distributable As Adjusted	$15,051	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,297,612	ExpensesAndContributionsAmt
Qualifying Distributions	$4,297,612	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$4,297,612	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$15,051	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4	$4,123,079	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$6,610,574	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$5,317,015	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$4,404,097	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$20,454,765	TotalExcessDistributionCyovAmt
Qualifying Distributions	$4,297,612	QualifyingDistributionsAmt
Applied To Current Year	$15,051	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$4,282,561	RemainingDistriFromCorpusAmt
Total Corpus	$24,737,326	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$24,737,326	ExcessDistriCyovToNextYrAmt
Excess From Year4	$4,123,079	ExcessFromYear4Amt
Excess From Year3	$6,610,574	ExcessFromYear3Amt
Excess From Year2	$5,317,015	ExcessFromYear2Amt
Excess From Year1	$4,404,097	ExcessFromYear1Amt
Excess From Current Year	$4,282,561	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SAM MENLO	ContributingManagerNm
Contributing Manager	VERA MENLO	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SEE ATTACHED STATEMENT	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	4221 WILSHIRE BLVD 480	AddressLine1Txt
City	LOS ANGELES	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90010	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	CHARITABLE	GrantOrContributionPurposeTxt
Amt	$4,297,612	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,297,612	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
SAM MENLO
1	4221 WILSHIRE BLVD SUITE 480	LOS ANGELES	CA	90010	$2,120,006	Yes (X)
VERA MENLO
2	4221 WILSHIRE BLVD SUITE 480	LOS ANGELES	CA	90010	$2,120,006	Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$5,100	Amt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	OTHER RECEIVABLE	Desc
EOY Book Value	$10,000	EOYBookValueAmt
EOYFMV	$10,000	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
STATE FEES	$237

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (2 entries)

Insider RelationshipInsiderRelationshipTxt	Loan OriginalLoanOriginalAmt	Balance DueBalanceDueAmt	NoteNoteDt	Repayment TermsRepaymentTermsTxt	InterestInterestRt	Loan PurposeLoanPurposeTxt	Lender ConsiderationLenderConsiderationDesc
LOS ANGELES CHEDER
NONE	$25,000	$16,500	2014-02	250/MONTHLY PAYMENTS	0.0000	TO SUPPORT EDUCATIONAL INSTITUTION	CASH
VALLEY TORAH HIGH SCHOOL
NONE	$50,000	$50,000	2014-05	DUE ON DEMAND	0.0000	TO SUPPORT EDUCATIONAL INSTITUTION	CASH

MENLO FOUNDATION INC: Form 990PF, tax year 2015

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (2 entries)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (2 entries)

Comments