ARMENIA EMPYREAN FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ARMENIA EMPYREAN FOUNDATION (EIN 20-8038153)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-09-14
IRS object ID
201602589349100015
Schema version
2015v2.1
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)
Return2016-09-14T13:33:26-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Ln Ste 212AddressLine1Txt
CityLake SuccessCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208038153EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Raffi & Nina Festekjian FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlRAFFBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAFFI FESTEKJIANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8008391754PhoneNum
Signature2016-08-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$157,569FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$40,816ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$136DividendsRevAndExpnssAmt
Dividends Net Invst Incm$136DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$21,654NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,049GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$19,299TotalRevAndExpnssAmt
Total Net Invst Incm$137TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,617OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,617OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$5,026OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$5,025OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$6,643TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,618TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,025TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$86,450ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$86,450ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$93,093TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,618TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$91,475TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$73,794ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$47,132SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$41SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$41SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$171,220CorporateStockBOYAmt
Corporate Stock EOY$144,517CorporateStockEOYAmt
Corporate Stock EOYFMV$42,228CorporateStockEOYFMVAmt
Corporate Bonds BOY$100,000CorporateBondsBOYAmt
Corporate Bonds EOY$100,000CorporateBondsEOYAmt
Corporate Bonds EOYFMV$115,300CorporateBondsEOYFMVAmt
Total Assets BOY$318,352TotalAssetsBOYAmt
Total Assets EOY$244,558TotalAssetsEOYAmt
Total Assets EOYFMV$157,569TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$318,352RetainedEarningBOYAmt
Retained Earning EOY$244,558RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$318,352TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$244,558TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$318,352TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$244,558TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$318,352TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$73,794ExcessRevenueOverExpensesAmt
Subtotal$244,558SubtotalAmt
Tot Net Ast Or Fund Balances EOY$244,558TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$5,049GrossSalesPriceAmt
Cost Or Other Basis$26,703CostOrOtherBasisAmt
Gain Or Loss-$21,654GainOrLossAmt
Gains Minus Excess Or Losses-$21,654GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$21,654CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$169,253AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$230,559NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.734098DistributionYr1Rt
Adjusted Qlfy Distri Yr2$72,207AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$263,681NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.273842DistributionYr2Rt
Adjusted Qlfy Distri Yr3$54,069AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$251,854NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.214684DistributionYr3Rt
Adjusted Qlfy Distri Yr4$167,034AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$305,268NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.547172DistributionYr4Rt
Adjusted Qlfy Distri Yr5$142,802AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$438,220NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.325868DistributionYr5Rt
Total Distribution2.095664TotalDistributionRt
Average Distribution0.419133AverageDistributionRt
Net Vl Noncharitable Assets$174,215NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$73,019AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$73,019AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$91,475QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$250EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$250TotalPaymentsAndCreditsAmt
Overpayment$250OverpaymentAmt
Applied To ES Tax$250AppliedToESTaxAmt

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 EtcYes (true)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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

FieldValueIRS element (for citing)
PersonRaffi FestekjianPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd
FieldValueIRS element (for citing)
TitlePres / Dir / SecTitleTxt
Average Hrs Per Wk Devoted To Pos1.0AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$160,047AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$16,821AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$176,868TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$176,868AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,653CashDeemedCharitableAmt
Net Vl Noncharitable Assets$174,215NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,711MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,711MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$8,711DistributableBeforeAdjAmt
Distributable Before Ded$8,711DistributableBeforeDedAmt
Distributable As Adjusted$8,711DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$91,475ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$91,475QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$91,475AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,711DistributableAsAdjustedAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Excess Distribution Cyov Yr5$120,971ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$152,313ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$41,719ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$59,381ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$158,409ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$532,793TotalExcessDistributionCyovAmt
Qualifying Distributions$91,475QualifyingDistributionsAmt
Applied To Current Year$8,711AppliedToCurrentYearAmt
Remaining Distri From Corpus$82,764RemainingDistriFromCorpusAmt
Total Corpus$615,557TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$120,971ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$494,586ExcessDistriCyovToNextYrAmt
Excess From Year4$152,313ExcessFromYear4Amt
Excess From Year3$41,719ExcessFromYear3Amt
Excess From Year2$59,381ExcessFromYear2Amt
Excess From Year1$158,409ExcessFromYear1Amt
Excess From Current Year$82,764ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARARAT HOME OF LOS ANGELES INC
15105 MISSION HILLS RDMISSION HILLSCA91345N/APCGeneral & Unrestricted$1,000
ARMENIAN ASSEMBLY OF AMERICA INC
734 15TH ST NW STE 500WASHINGTONDC20005N/APCGeneral & Unrestricted$1,750
ARMENIAN CULTURAL ASSOCIATION OF AMERICA INC
80 BIGELOW AVEWATERTOWNMA02472N/APCGeneral & Unrestricted$500
ARMENIAN HERITAGE TRIBUTE & GENOCIDE MEMORIAL FDN
165 PRINCETON AVEWALTHAMMA02451N/APCGeneral & Unrestricted$5,000
ARMENIAN SISTERS ACADEMY
440 UPPER GULPH RDRADNORPA19087N/APCGeneral & Unrestricted$250
CHILDREN OF ARMENIA FUND INC
149 5TH AVE STE 500NEW YORKNY10010N/APCGeneral & Unrestricted$10,000
HOMENETMEN INC
47 NICHOLS AVEWATERTOWNMA02472N/APCGeneral & Unrestricted$1,000
NOBLE AND GREENOUGH SCHOOL
10 CAMPUS DRDEDHAMMA02026N/APCNobles 2015 First Class Fund for Faculty Campaign$500
PROJECT SAVE ARMENIAN PHOTOGRAPH ARCHIVES INC
PO BOX 236WATERTOWNMA02471N/APCGeneral & Unrestricted$1,000
SOCIETY FOR ORPHANED ARMENIAN RELIEF
150 N RADNOR CHESTER RD STE F200WAYNEPA19087N/APCGeneral & Unrestricted$450
ST MARY ARMENIAN APOSTOLIC CHURCH
4125 FESSENDEN ST NWWASHINGTONDC20016N/APCGeneral & Unrestricted$40,000
THE ARMENIAN APOSTOLIC CHURCH OF AMERICA INC
138 E 39TH STNEW YORKNY10016N/APCGeneral & Unrestricted$15,000
YERAZART INC
32 WARWICK RDWATERTOWNMA02472N/APCGeneral & Unrestricted$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$86,450TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$136ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$21,654ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$21,517ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$21,517TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Festekjian Raffi
14 McCall roadWinchesterMA01890$27,000Yes (X)
The Raffi Festekjian Family Trust
21 Schoolhouse LnLexingtonMA02421$13,816Yes (X)

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondBANK AMER CORP LEVERAGED - 0.0BondNm
EOY Book Value$100,000EOYBookValueAmt
EOYFMV$115,300EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCITIGROUP INCStockNm
EOY Book Value$144,517EOYBookValueAmt
EOYFMV$42,228EOYFMVAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationThis statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2015, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $86,450. This amount represents over 25% of the Foundation's net assets of $212,356 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2015. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.ExplanationTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$5,000$5,000
Bank Charges$1$1
State or Local Filing Fees$25$25

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$1,617Amt
Net Investment Income$1,617NetInvestmentIncomeAmt

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