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LAVIN FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
LAVIN FOUNDATION (EIN 65-1264736)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-05
IRS object ID
201711259349100541
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)
Return2017-05-05T12:15:57-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEVEN J SHIFRIN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1830 KIMBALL RDAddressLine1Txt
CityHIGHLAND PARKCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN651264736EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Lavin FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAVIBusinessNameControlTxt
Phone8474322928PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11639 ThornwoodAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSteven LavinPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSteven J ShifrinPreparerPersonNm
PTINP00110195PTIN
Phone8478046555PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$327,119FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$200,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$707InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$707InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$707InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$1,795DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,795DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,795DividendsAdjNetIncmAmt
Other Income Rev And Expnss$133OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$133OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$133OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$202,635TotalRevAndExpnssAmt
Total Net Invst Incm$2,635TotalNetInvstIncmAmt
Total Adj Net Incm$2,635TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,350AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,350AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$29TaxesRevAndExpnssAmt
Taxes Net Invst Incm$29TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$15OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,394TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,379TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$33,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$33,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$34,394TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,379TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$33,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$168,241ExcessRevenueOverExpensesAmt
Net Investment Income$1,256NetInvestmentIncomeAmt
Adjusted Net Income$2,635AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$102,514CashBOYAmt
Cash EOY$170,755CashEOYAmt
Cash EOYFMV$170,755CashEOYFMVAmt
Corporate Stock BOY$59,814CorporateStockBOYAmt
Corporate Stock EOY$59,814CorporateStockEOYAmt
Corporate Stock EOYFMV$156,364CorporateStockEOYFMVAmt
Other Investments EOY$100,000OtherInvestmentsEOYAmt
Total Assets BOY$162,328TotalAssetsBOYAmt
Total Assets EOY$330,569TotalAssetsEOYAmt
Total Assets EOYFMV$327,119TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$162,328UnrestrictedBOYAmt
Unrestricted EOY$330,569UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$162,328TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$330,569TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$162,328TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$330,569TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$162,328TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$168,241ExcessRevenueOverExpensesAmt
Subtotal$330,569SubtotalAmt
Tot Net Ast Or Fund Balances EOY$330,569TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$109,916NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$53,250AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$66,522NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.80049DistributionYr2Rt
Adjusted Qlfy Distri Yr3$80,842AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$56,116NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.44062DistributionYr3Rt
Adjusted Qlfy Distri Yr4$31,050AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$46,218NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.67182DistributionYr4Rt
Adjusted Qlfy Distri Yr5$62,736AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$117,869NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.53225DistributionYr5Rt
Total Distribution3.445178TotalDistributionRt
Average Distribution0.689036AverageDistributionRt
Net Vl Noncharitable Assets$149,241NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$102,832AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$13NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$102,845AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$33,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$25InvestmentIncomeExciseTaxAmt
Subtotal$25SubtotalAmt
Tax Based On Investment Income$25TaxBasedOnInvestmentIncomeAmt
Tax Due$25TaxDueAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
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 Line1Steven LavinBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8474322928PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11639 Thornwood LaneAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Steven Lavin
1639 Thornwood LnHighland ParkIL60035President1.00$0
Dawn Lavin
1639 Thornwood LnHighland ParkIL60035Treasurer0.00$0
Sheldon Lavin
1225 Corporate BlvdAuroraIL60505Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$58,419AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$93,095AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$151,514TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$151,514AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,273CashDeemedCharitableAmt
Net Vl Noncharitable Assets$149,241NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,462MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,462MinimumInvestmentReturnAmt
Tax Based On Investment Income$25TaxBasedOnInvestmentIncomeAmt
Total Tax$25TotalTaxAmt
Distributable Before Adj$7,437DistributableBeforeAdjAmt
Distributable Before Ded$7,437DistributableBeforeDedAmt
Distributable As Adjusted$7,437DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$33,000ExpensesAndContributionsAmt
Qualifying Distributions$33,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$33,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,437DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$56,858ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$28,739ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$80,900ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$50,119ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$216,616TotalExcessDistributionCyovAmt
Qualifying Distributions$33,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,437AppliedToCurrentYearAmt
Remaining Distri From Corpus$25,563RemainingDistriFromCorpusAmt
Total Corpus$242,179TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$56,858ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$185,321ExcessDistriCyovToNextYrAmt
Excess From Year4$28,739ExcessFromYear4Amt
Excess From Year3$80,900ExcessFromYear3Amt
Excess From Year2$50,119ExcessFromYear2Amt
Excess From Current Year$25,563ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Jewish National Fund
60 Revere Dr 840NorthbrookIL60062NonePublicGeneral. At the discretion of the recipient organization.$25,000
Rhett Syndrome
4600 Devitt DriveCincinnatiOH45246NonePublicGeneral. At the discretion of the recipient organization.$2,000
Cystric Fibrosis Foundation
150 N Michigan AveChicagoIL60601NonePublicGeneral. At the discretion of the recipient organization.$6,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$33,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion$707ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,795UnrelatedBusinessTaxblIncmAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$133UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$1,928UnrelatedBusinessTaxblIncmAmt
Exclusion$707ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,635TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonSteven Dawn LavinContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11639 ThornwoodAddressLine1Txt
CityHighland ParkCityNm
State AbbreviationILStateAbbreviationCd
ZIP60035ZIPCd
FieldValueIRS element (for citing)
Total Contributions$200,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Category35CategoryTxt
Amt$1,350Amt
Net Investment Income$1,350NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$59,814EOYBookValueAmt
EOYFMV$156,364EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescAnnual Report Fee-IllinoisDesc
Revenue And Expenses Per Books$15RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$133RevenueAndExpensesPerBooksAmt
Net Investment Income$133NetInvestmentIncomeAmt
Adjusted Net Income$133AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal TaxCategoryTxt
Amt$29Amt
Net Investment Income$29NetInvestmentIncomeAmt

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