BETA

CORWIN FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
CORWIN FAMILY FOUNDATION (EIN 95-4076122)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-15
IRS object ID
201741359349104294
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)
Return2017-05-15T13:32:28-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN412119150PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK CTAddressLine1Txt
CityLAKE SHERWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913615145ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954076122EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORWIN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORWBusinessNameControlTxt
Phone3108582800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRIVEAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTONI CORWINPersonNm
Person TitleDIRECTORPersonTitleTxt
Signature2017-05-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J FOGELMANPreparerPersonNm
PTINP00070738PTIN
Phone8054978760PhoneNum
Preparation2017-05-11PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdBEBE89466A1F98158952F2292F8A0428802B18DDAtSubmissionCreationDeviceId
At Submission Filing Device IdBEBE89466A1F98158952F2292F8A0428802B18DDAtSubmissionFilingDeviceId
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$1,189,419FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$35ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$567InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$567InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23,804DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,804DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$33,939NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$183,946GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$33,939CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$58,345TotalRevAndExpnssAmt
Total Net Invst Incm$58,310TotalNetInvstIncmAmt
Taxes Rev And Expnss$3,058TaxesRevAndExpnssAmt
Taxes Net Invst Incm$48TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,502OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,077OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,560TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$6,125TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$181,174ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$181,174ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$191,734TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$6,125TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$181,174TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$133,389ExcessRevenueOverExpensesAmt
Net Investment Income$52,185NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$37,821CashBOYAmt
Cash EOY$22,247CashEOYAmt
Cash EOYFMV$22,247CashEOYFMVAmt
Corporate Stock BOY$1,068,447CorporateStockBOYAmt
Corporate Stock EOY$955,584CorporateStockEOYAmt
Corporate Stock EOYFMV$1,167,172CorporateStockEOYFMVAmt
Total Assets BOY$1,106,268TotalAssetsBOYAmt
Total Assets EOY$977,831TotalAssetsEOYAmt
Total Assets EOYFMV$1,189,419TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,106,268UnrestrictedBOYAmt
Unrestricted EOY$977,831UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,106,268TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$977,831TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,106,268TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$977,831TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,106,268TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$133,389ExcessRevenueOverExpensesAmt
Other Increases$4,952OtherIncreasesAmt
Subtotal$977,831SubtotalAmt
Tot Net Ast Or Fund Balances EOY$977,831TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2010-01-01AcquiredDt
Sold2016-12-31SoldDt
Gross Sales Price$183,946GrossSalesPriceAmt
Cost Or Other Basis$150,007CostOrOtherBasisAmt
Gain Or Loss$33,939GainOrLossAmt
Gains Minus Excess Or Losses$33,939GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$33,939CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$173,689AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,309,335NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.132654DistributionYr1Rt
Adjusted Qlfy Distri Yr2$276,179AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,589,261NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.173778DistributionYr2Rt
Adjusted Qlfy Distri Yr3$224,996AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,628,261NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.138182DistributionYr3Rt
Adjusted Qlfy Distri Yr4$296,331AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,641,924NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.180478DistributionYr4Rt
Adjusted Qlfy Distri Yr5$252,718AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,741,662NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.145102DistributionYr5Rt
Total Distribution0.770194TotalDistributionRt
Average Distribution0.154039AverageDistributionRt
Net Vl Noncharitable Assets$1,210,555NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$186,473AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$522NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$186,995AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$181,174QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,044InvestmentIncomeExciseTaxAmt
Subtotal$1,044SubtotalAmt
Tax Based On Investment Income$1,044TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,113EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,113TotalPaymentsAndCreditsAmt
Overpayment$3,069OverpaymentAmt
Applied To ES Tax$3,069AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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
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 Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8054978760PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK COURTAddressLine1Txt
CityLAKE SHERWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913615145ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BRUCE CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
TONI CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
DAVID CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$0$0$0
DANIEL CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR000.00$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$1,214,470AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,520AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,228,990TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,228,990AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,435CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,210,555NetVlNoncharitableAssetsAmt
Minimum Investment Return$60,528MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$60,528MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,044TaxBasedOnInvestmentIncomeAmt
Total Tax$1,044TotalTaxAmt
Distributable Before Adj$59,484DistributableBeforeAdjAmt
Distributable Before Ded$59,484DistributableBeforeDedAmt
Distributable As Adjusted$59,484DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$181,174ExpensesAndContributionsAmt
Qualifying Distributions$181,174QualifyingDistributionsAmt
Adjusted Qualifying Distri$181,174AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$59,484DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$166,521ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$216,727ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$147,302ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$200,060ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$109,436ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$840,046TotalExcessDistributionCyovAmt
Qualifying Distributions$181,174QualifyingDistributionsAmt
Applied To Current Year$59,484AppliedToCurrentYearAmt
Remaining Distri From Corpus$121,690RemainingDistriFromCorpusAmt
Total Corpus$961,736TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$166,521ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$795,215ExcessDistriCyovToNextYrAmt
Excess From Year4$216,727ExcessFromYear4Amt
Excess From Year3$147,302ExcessFromYear3Amt
Excess From Year2$200,060ExcessFromYear2Amt
Excess From Year1$109,436ExcessFromYear1Amt
Excess From Current Year$121,690ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED SCHEDULEBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposeTO FURTHER THE EXEMPT PURPOSEGrantOrContributionPurposeTxt
Amt$181,174Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$181,174TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$567ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,804ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$33,939ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$58,310ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$58,310TotalIncomeProducingActyAmt

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)
StockCNBStockNm
EOY Book Value$955,584EOYBookValueAmt
EOYFMV$1,167,172EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT COSTS$6,077$6,077
ATTORNEY GENERAL$25
ACCOUNTING$1,400

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBOOK ADJ TO SECURITIES COSTDesc
Amt$4,952Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN INCOME TAX$48$48
STATE INCOME TAX$10
FEDERAL INCOME TAX$3,000

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