ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-24
IRS object ID
201722979349100502
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)
Return2017-10-24T12:18:06-04:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200862506PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TATULLI & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11202 MEADE STAddressLine1Txt
CityDUNMORECityNm
State AbbreviationPAStateAbbreviationCd
ZIP185123171ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223642909EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABRABusinessNameControlTxt
Phone9736443139PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBRAD S ABRAMSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9736443139PhoneNum
Signature2017-10-24SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVITO TATULLIPreparerPersonNm
PTINP00627362PTIN
Phone5702073345PhoneNum
Preparation2017-10-24PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id3C55BDE8F5BB5030E2F9B5B1332D0CCBD14F63D3AtSubmissionCreationDeviceId
At Submission Filing Device Id3B1D31E76CD1C70699A781690D44F456F7344810AtSubmissionFilingDeviceId
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$7,459FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Net Gain Sale Ast Rev And Expnss$2,130NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,130GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,130CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$2,130TotalRevAndExpnssAmt
Total Net Invst Incm$2,130TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$150TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$150TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$150TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$150TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,980ExcessRevenueOverExpensesAmt
Net Investment Income$1,980NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$325SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$7,456SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$7,456SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOYFMV$3CorporateStockEOYFMVAmt
Other Investments BOY$5,151OtherInvestmentsBOYAmt
Total Assets BOY$5,476TotalAssetsBOYAmt
Total Assets EOY$7,456TotalAssetsEOYAmt
Total Assets EOYFMV$7,459TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$5,476RetainedEarningBOYAmt
Retained Earning EOY$7,456RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,476TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,456TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,476TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$7,456TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,476TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,980ExcessRevenueOverExpensesAmt
Subtotal$7,456SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,456TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyWHITNEY STRATEGICPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$2,130GrossSalesPriceAmt
Gain Or Loss$2,130GainOrLossAmt
Gains Minus Excess Or Losses$2,130GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$2,130CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$5,849NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$6,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$14,067NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.426530DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,800AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$17,938NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.379084DistributionYr3Rt
Adjusted Qlfy Distri Yr4$9,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$12,601NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.714229DistributionYr4Rt
Adjusted Qlfy Distri Yr5$118,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$14,224NetVlNoncharitableAssetsYr5Amt
Distribution Yr58.330990DistributionYr5Rt
Total Distribution9.850833TotalDistributionRt
Average Distribution2.462708AverageDistributionRt
Net Vl Noncharitable Assets$6,043NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$14,882AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$20NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$14,902AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$40InvestmentIncomeExciseTaxAmt
Subtotal$40SubtotalAmt
Tax Based On Investment Income$40TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,616EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,616TotalPaymentsAndCreditsAmt
Overpayment$1,576OverpaymentAmt
Applied To ES Tax$1,576AppliedToESTaxAmt

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
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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
Individual With BooksJUDITH ABRAMSIndividualWithBooksNm
Phone9736443139PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07906ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JUDITH ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960PRESIDENT /1.00$0$0$0
DOUGLAS ABRAMS
PO BOX 142ROSSCA94957VICE PRESIDE1.00$0$0$0
BRAD S ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960TREASURER1.00$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$4AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,556AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,575FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,135TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$6,135AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$92CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,043NetVlNoncharitableAssetsAmt
Minimum Investment Return$302MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$302MinimumInvestmentReturnAmt
Tax Based On Investment Income$40TaxBasedOnInvestmentIncomeAmt
Total Tax$40TotalTaxAmt
Distributable Before Adj$262DistributableBeforeAdjAmt
Distributable Before Ded$262DistributableBeforeDedAmt
Distributable As Adjusted$262DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$262DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$117,791ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,380ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,906ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,297ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$137,374TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$262ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$262ExcessDistributionCyovAppCYAmt
Total Corpus$137,112TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$117,529ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$19,583ExcessDistriCyovToNextYrAmt
Excess From Year4$8,380ExcessFromYear4Amt
Excess From Year3$5,906ExcessFromYear3Amt
Excess From Year2$5,297ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,130RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,130RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,130TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILL LYNCH 04281StockNm
EOYFMV$3EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemWHITNEY STRATEGIC PARTNERSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MERRILL LYNCH ANNUAL FEE$150$150

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