PALTROWITZ FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: PALTROWITZ FAMILY FOUNDATION INC (EIN 22-3554915)
Tax period: 2016-07-01 to 2017-06-30
Filed: 2017-11-14
IRS object ID: 201723189349100047
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
General Explanation Attachment
Investments Corp Stock Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-14T11:04:13-00:00	ReturnTs
Tax Period End	2017-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	LONNIE E WOLLIN PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	124 PROSPECT STREET	AddressLine1Txt
City	RIDGEWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07450	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	223554915	EIN

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Business Name Control	PALT	BusinessNameControlTxt
Phone	2127852610	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	c/o L WOLLIN 124 PROSPECT ST	AddressLine1Txt
City	RIDGEWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07450	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	IRVING PALTROWITZ	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Signature	2017-11-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LONNIE WOLLIN	PreparerPersonNm
Phone	2018168404	PhoneNum
Preparation	2017-11-14	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	71.251.216.140	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-11-14	IPDt
IP Tm	16:05:55	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	27539D11E74CE19888F86C281893CC47674C339B	AtSubmissionCreationDeviceId
At Submission Filing Device Id	27539D11E74CE19888F86C281893CC47674C339B	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	$19,728	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$0	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$0	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$0	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$0	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$0	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$0	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$1,722	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$1,722	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$1,722	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$17,575	CorporateStockBOYAmt
Corporate Stock EOY	$17,575	CorporateStockEOYAmt
Corporate Stock EOYFMV	$18,006	CorporateStockEOYFMVAmt
Total Assets BOY	$19,297	TotalAssetsBOYAmt
Total Assets EOY	$19,297	TotalAssetsEOYAmt
Total Assets EOYFMV	$19,728	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$19,297	RetainedEarningBOYAmt
Retained Earning EOY	$19,297	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$19,297	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$19,297	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$19,297	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$19,297	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$19,297	TotNetAstOrFundBalancesBOYAmt
Subtotal	$19,297	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$19,297	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1	$15,827	NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2	$20,650	NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3	$20,739	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$30,531	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	000.679277	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$38,228	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$24,703	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	001.547504	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$2,300	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$25,694	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	000.089515	DistributionYr5Rt
Total Distribution	002.316296	TotalDistributionRt
Average Distribution	000.463259	AverageDistributionRt
Net Vl Noncharitable Assets	$19,432	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$9,002	AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$9,002	AdjNonchrtblNetInvstIncmPctAmt

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)
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	DE	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	LONNIE E WOLLIN PC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2127852610	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	124 PROSPECT ST	AddressLine1Txt
City	RIDGEWOOD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07450	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 (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
IRVING PALTROWITZ
1086 TEANECK RD	TEANECK	NJ	07666	PRES P/T	001.00	$0
LAWRENCE PALTROWITZ
370 78TH ST	NEW YORK	NY	10021	VP P/T	001.00	$0
JUSTIN PALTROWITZ
247 W 46TH ST APT 4004	NEW YORK	NY	10036	VP P/T	001.00	$0
DANIELLE PALTROWITZ
200 E 69TH ST	NEW YORK	NY	10021	VP P/T	001.00	$0
LONNIE WOLLIN
124 PROSPECT ST	RIDGEWOOD	NJ	07450	SECY/TREAS	001.00	$0

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$18,006	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$1,722	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$19,728	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$19,728	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$296	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$19,432	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$972	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$972	MinimumInvestmentReturnAmt
Distributable Before Adj	$972	DistributableBeforeAdjAmt
Distributable Before Ded	$972	DistributableBeforeDedAmt
Distributable As Adjusted	$972	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$0	ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$972	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$1,097	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$36,997	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$19,214	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$57,308	TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus	$972	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$972	ExcessDistributionCyovAppCYAmt
Total Corpus	$56,336	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$125	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$56,211	ExcessDistriCyovToNextYrAmt
Excess From Year4	$36,997	ExcessFromYear4Amt
Excess From Year3	$19,214	ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	IRVING PALTROWITZ	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

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

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
1100 shares of DARLING INTERNATL INC	$10,028	$17,314
100 shares of CLIFFS NATURAL RESOURCES	$7,547	$692

Taxes Schedule TaxesSchedule

Comments