LAUFER FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LAUFER FAMILY FOUNDATION INC (EIN 13-3070083)
Tax period
2015-07-01 to 2016-06-30
Filed
2016-11-04
IRS object ID
201603099349100805
Schema version
2015v2.0
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)
Return2016-11-04T14:15:03-07:00ReturnTs
Tax Period End2016-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1IVES SULTAN & SPIKE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Crossways Park WestAddressLine1Txt
CityWoodburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133070083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAUFER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUFBusinessNameControlTxt
Phone9733459111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-11-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT LIPTON CPAPreparerPersonNm
PTINP00034558PTIN
Phone5164969500PhoneNum
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$775,868FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$159InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$159InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$159InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$556DividendsRevAndExpnssAmt
Dividends Net Invst Incm$556DividendsNetInvstIncmAmt
Dividends Adj Net Incm$556DividendsAdjNetIncmAmt
Total Rev And Expnss$50,715TotalRevAndExpnssAmt
Total Net Invst Incm$715TotalNetInvstIncmAmt
Total Adj Net Incm$715TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,000AccountingFeesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,000TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,000TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$42,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$42,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$43,900TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,000TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,000TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$42,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,815ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,486CashBOYAmt
Cash EOY$83,592CashEOYAmt
Cash EOYFMV$83,592CashEOYFMVAmt
Sav And Temp Cash Invst BOY$294,884SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$211,026SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$211,026SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$212,906CorporateStockBOYAmt
Corporate Stock EOY$247,473CorporateStockEOYAmt
Corporate Stock EOYFMV$426,250CorporateStockEOYFMVAmt
Other Assets BOY$55,000OtherAssetsBOYAmt
Other Assets EOY$55,000OtherAssetsEOYAmt
Other Assets EOYFMV$55,000OtherAssetsEOYFMVAmt
Total Assets BOY$590,276TotalAssetsBOYAmt
Total Assets EOY$597,091TotalAssetsEOYAmt
Total Assets EOYFMV$775,868TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$590,276UnrestrictedBOYAmt
Unrestricted EOY$597,091UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$590,276TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$597,091TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$590,276TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$597,091TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$590,276TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,815ExcessRevenueOverExpensesAmt
Subtotal$597,091SubtotalAmt
Tot Net Ast Or Fund Balances EOY$597,091TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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 Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9733459111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$465,025AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$236,592AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$701,617TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$701,617AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,524CashDeemedCharitableAmt
Net Vl Noncharitable Assets$691,093NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,555MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,555MinimumInvestmentReturnAmt
Distributable Before Adj$34,555DistributableBeforeAdjAmt
Distributable Before Ded$34,555DistributableBeforeDedAmt
Distributable As Adjusted$34,555DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$42,900ExpensesAndContributionsAmt
Qualifying Distributions$42,900QualifyingDistributionsAmt
Adjusted Qualifying Distri$42,900AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,555DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$10,008ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$10,266ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$15,906ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$32,378ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,516ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$70,074TotalExcessDistributionCyovAmt
Qualifying Distributions$42,900QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$34,555AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,345RemainingDistriFromCorpusAmt
Total Corpus$78,419TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,008ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$68,411ExcessDistriCyovToNextYrAmt
Excess From Year4$10,266ExcessFromYear4Amt
Excess From Year3$15,906ExcessFromYear3Amt
Excess From Year2$32,378ExcessFromYear2Amt
Excess From Year1$1,516ExcessFromYear1Amt
Excess From Current Year$8,345ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CONGREGATION TIFERETH SHMUEL
82-61 BEVERLY ROADKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$3,000
YESHIVA SHAAR HATORAH
117-06 84TH AVENUERICHMOND HILLNY11418NONEPCGENERAL CONTRIBUTION$2,000
KEW GARDENS SYNAGOGUE
82-17 LEFFERTS BOULEVARDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$5,900
MESIVTA YESHIVA RABBI CHAIM BERLIN
1605 CONEY ISLAND AVENUEBROOKLYNNY11230NONEPCGENERAL CONTRIBUTION$5,000
CHAI LIFE LINE
151 WEST 30TH STREETNEW YORKNY10001NONEPCGENERAL CONTRIBUTION$500
QUEENS HATZOLAH
83-26 BREVOORT STREETKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,000
YOUNG ISRAEL OF RIVERDALE
4502 HENRY HUDSON PARKWAYRIVERDALENY10471NONEPCGENERAL CONTRIBUTION$250
CONGREGATION SONS OF ISRAEL
2521 CRUGER AVENUEBRONXNY10467NONEPCGENERAL CONTRIBUTION$1,000
OPERATION OPEN CURTAIN
6 EAST 45TH STREET 11TH FLOORNEW YORKNY10017NONEPCGENERAL CONTRIBUTION$500
YESHIVA UNIVERSITY
500 WEST 185TH STREETNEW YORKNY10033NONEPCGENERAL CONTRIBUTION$6,000
YOUNG ISRAEL OF FOREST HILLS
7100 YELLOWSTONE BLVDFOREST HILLSNY11375NONEPCGENERAL CONTRIBUTION$1,000
YOUNG ISRAEL OF LAWRENCE-CEDARHURST
8 SPRUCE STREETCEDARHURSTNY11516NONEPCGENERAL CONTRIBUTION$2,500
KUPAS RABBEINU
1649 PRESIDENT STREETBROOKLYNNY11213NONEPCGENERAL CONTRIBUTION$1,500
YESHIVA GEDOLA OF CARTERET
42 NOE STREETCARTERETNJ07008NONEPCGENERAL CONTRIBUTION$500
PARTNERS IN TORAH
228 AYCRIGG AVENUEPASSAICNJ07055NONEPCGENERAL CONTRIBUTION$5,000
YESHIVA TIFERET TORAH
996 ROUTE 202SUFFERNNY10901NONEPCGENERAL CONTRIBUTION$500
PARK EAST SYNAGOGUE
161 EAST 67TH STREETNEW YORKNY10021NONEPCGENERAL CONTRIBUTION$500
STARS OF ISRAEL ACADEMY
82-52 ABINGTON ROADKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,000
AHAVAS CHESED - SASSOON MEMORIAL FU
720 LEFFERTS AVENUEBROOKLYNNY11203NONEPCGENERAL CONTRIBUTION$1,000
CONGREGATION ADAS YEREIM
185 WILSON STREETBROOKLYNNY11211NONEPCGENERAL CONTRIBUTION$1,500
CONGREGATION TIFERETH MOSHE
8306 ABINGDON ROADKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$250
HEBREW ACADEMY OF LONG BEACH
530 W BROADWAYLONG BEACHNY11561NONEPCGENERAL CONTRIBUTION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$42,900TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$159ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$556ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$715ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$715TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonDANIEL LAUFERContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
FieldValueIRS element (for citing)
Total Contributions$50,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryIVES & SULTAN, LLPCategoryTxt
Amt$1,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Adjusted Net Income$1,000AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (6 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
2,200 BERKSHIRE HATHAWAY INC$115,990$318,538
70 SHS. APPLE INC.$5,018$6,692
200 SHS. ORACLE CORP.$6,458$8,186
1,000 SHS. STERLING BANCORP$11,170$15,700
2,000 SHS. YAHOO INC.$100,560$75,120
100 SHS. VALEANT PHARMACEUTICALS INTL$8,277$2,014

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRELIGIOUS ARTICLESDesc
BOY Book Value$55,000BOYBookValueAmt
EOY Book Value$55,000EOYBookValueAmt
EOYFMV$55,000EOYFMVAmt

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