PARY AND ABDULRAHIM LEVIAN CHARITABLE FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: PARY AND ABDULRAHIM LEVIAN CHARITABLE FOUNDATION INC (EIN 06-1684665)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-09-05
IRS object ID: 201722499349100302
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
Form 990-PF
Schedule B
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-09-05T12:04:56-04:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	200521223	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MEISELS & MEISELS	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	135 ROCKAWAY TURNPIKE	AddressLine1Txt
City	LAWRENCE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11559	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	061684665	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE PARY & ABDULRAHIM LEVIAN	BusinessNameLine1Txt
Business Name Line2	CHARITABLE FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	PARY	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	235 GREAT NECK ROAD	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MOOSSA LEVIAN	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2017-08-15	SignatureDt

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	DAVID MEISELS	PreparerPersonNm
PTIN	P00543264	PTIN
Phone	5162391500	PhoneNum
Preparation	2017-08-15	PreparationDt

Filing Security Information FilingSecurityInformation

Field	Value	IRS element (for citing)
At Submission Creation Device Id	C49850F71CD1CE88B9A2CC14A863BB7127E437EB	AtSubmissionCreationDeviceId
At Submission Filing Device Id	C49850F71CD1CE88B9A2CC14A863BB7127E437EB	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	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	$4,239,031	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	$1,500,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$1,500,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$275	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$275	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$965,950	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$965,950	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$966,225	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$965,950	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$533,775	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$3,705,256	CashBOYAmt
Cash EOY	$4,239,031	CashEOYAmt
Cash EOYFMV	$4,239,031	CashEOYFMVAmt
Total Assets BOY	$3,705,256	TotalAssetsBOYAmt
Total Assets EOY	$4,239,031	TotalAssetsEOYAmt
Total Assets EOYFMV	$4,239,031	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Capital Stock BOY	$3,705,256	CapitalStockBOYAmt
Capital Stock EOY	$4,239,031	CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY	$3,705,256	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$4,239,031	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$3,705,256	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$4,239,031	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$3,705,256	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$533,775	ExcessRevenueOverExpensesAmt
Subtotal	$4,239,031	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$4,239,031	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$828,830	AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2	$891,500	AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3	$706,715	AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4	$629,275	AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5	$450,425	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$0	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$965,950	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
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	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	THE PARY & ABDULRAHIM LEVIAN	BusinessNameLine1Txt
Business Name Line2	CHARITABLE FOUNDATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Phone	5164667200	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	235 GREAT NECK ROAD	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	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
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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 (4 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
PARY LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
EDMOND LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
LAWRENCE LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$0	$0	$0
MOOSSA LEVIAN
235 GREAT NECK ROAD	GREAT NECK	NY	11021	DIRECTOR	0.25	$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	DISTRIBUTED FUNDS FOR EDUCATIONAL, CHARITABLE, SCIENTIFIC & LITERARY ORGANIZATIONS IN ORDER TO ENABLE THE ORGANIZATIONS TO CONTINUE THEIR ACTIVITIES.	Description1Txt
Expenses1	$965,950	Expenses1Amt

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	$3,299,072	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$3,299,072	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$3,299,072	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$3,299,072	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$965,950	ExpensesAndContributionsAmt
Qualifying Distributions	$965,950	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$965,950	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$450,425	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$629,275	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$706,715	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$891,500	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$828,830	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$3,506,745	TotalExcessDistributionCyovAmt
Qualifying Distributions	$965,950	QualifyingDistributionsAmt
Remaining Distri From Corpus	$965,950	RemainingDistriFromCorpusAmt
Total Corpus	$4,472,695	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$450,425	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$4,022,270	ExcessDistriCyovToNextYrAmt
Excess From Year4	$629,275	ExcessFromYear4Amt
Excess From Year3	$706,715	ExcessFromYear3Amt
Excess From Year2	$891,500	ExcessFromYear2Amt
Excess From Year1	$828,830	ExcessFromYear1Amt
Excess From Current Year	$965,950	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	LAWRENCE LEVIAN	ContributingManagerNm
Contributing Manager	EDMOND LEVIAN	ContributingManagerNm
Contributing Manager	MOOSSA LEVIAN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
NORTH SHORE HEB ACADEMY
18 CHERRY LANE	GREAT NECK	NY	11024	EXEMPT	SCHOLARSHIP FUND	$142,150
AMER FRIENDS OF NETIV ARYEH
18 ORCHARD HILL DRIVE	MONSEY	NY	10952	EXEMPT	SCHOLARSHIP FUND	$26,000
UMJCA
54 STEAMBOAT ROAD	GREAT NECK	NY	11021	EXEMPT	SYNAGOGUE & RELATED PROGRAMS	$641,000
JEWELERS FOR CHILDREN
52 VANDERBILT AVENUE	NEW YORK	NY	10017	EXEMPT	BENEFIT CHILDREN IN NEED	$100,000
CONGREGATION TOV LAKOL
1043-53 ST	BROOKLYN	NY	11219	EXEMPT	SCHOLARSHIP FUND	$5,000
SERENDIPITY ANIMAL SANCTUARY INC
20288 BLUERIDGE MOUNTAIN	PARIS	VA	20130	EXEMPT	ANIIMAL SAFE HAVEN & MED. TREATMENT	$1,800
DIAMOND EMPOWERMENT FUND
85 BROAD STREET	NEW YORK	NY	10004	EXEMPT	EDUCATION & DEVELPOMENT	$50,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$965,950	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

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LEVIAN CORP	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	235 GREAT NECK ROAD	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,500,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
FILING FEES	$275

Comments