AOUNI FAKS FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-14
IRS object ID
201613199349101386
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)
Return2016-11-14T11:42:58-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453958606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHREIBER & CALVO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 HARBOR PARK DR NAddressLine1Txt
CityPORT WASHINGTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP110504658ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7188591110PhoneNum
Signature2016-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELVIN S SCHREIBER CPAPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
Preparation2016-11-09PreparationDt
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$608,992FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$746InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$746InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$12,251DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,251DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,324NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$85,000GrossSalesPriceAmt
Total Rev And Expnss$70,673TotalRevAndExpnssAmt
Total Net Invst Incm$12,997TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$151OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$151OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$151TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$151TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$50,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$50,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$50,151TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$151TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$50,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$20,522ExcessRevenueOverExpensesAmt
Net Investment Income$12,846NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$384,913SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$391,804SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$391,804SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Stock EOY$13,178CorporateStockEOYAmt
Corporate Stock EOYFMV$13,345CorporateStockEOYFMVAmt
Corporate Bonds BOY$211,902CorporateBondsBOYAmt
Corporate Bonds EOY$225,533CorporateBondsEOYAmt
Corporate Bonds EOYFMV$203,843CorporateBondsEOYFMVAmt
Total Assets BOY$609,993TotalAssetsBOYAmt
Total Assets EOY$630,515TotalAssetsEOYAmt
Total Assets EOYFMV$608,992TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$609,993UnrestrictedBOYAmt
Unrestricted EOY$630,515UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$609,993TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$630,515TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$609,993TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$630,515TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$609,993TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$20,522ExcessRevenueOverExpensesAmt
Subtotal$630,515SubtotalAmt
Tot Net Ast Or Fund Balances EOY$630,515TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$85,000GrossSalesPriceAmt
Cost Or Other Basis$87,324CostOrOtherBasisAmt
Gain Or Loss-$2,324GainOrLossAmt
Gains Minus Excess Or Losses-$2,324GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,324CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$51,884AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$638,911NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.081207DistributionYr1Rt
Adjusted Qlfy Distri Yr2$5,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$583,768NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.008565DistributionYr2Rt
Adjusted Qlfy Distri Yr3$15,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$527,301NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.029395DistributionYr3Rt
Adjusted Qlfy Distri Yr4$24,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$478,183NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.051236DistributionYr4Rt
Adjusted Qlfy Distri Yr5$15,700AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$440,724NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.035623DistributionYr5Rt
Total Distribution0.206026TotalDistributionRt
Average Distribution0.041205AverageDistributionRt
Net Vl Noncharitable Assets$592,871NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$24,429AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$128NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$24,557AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$128InvestmentIncomeExciseTaxAmt
Subtotal$128SubtotalAmt
Tax Based On Investment Income$128TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$254EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$500AppliedToEsTaxAmt
Total Payments And Credits$754TotalPaymentsAndCreditsAmt
Overpayment$626OverpaymentAmt
Applied To ES Tax$626AppliedToESTaxAmt

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 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
Individual With BooksDANIEL FAKSIndividualWithBooksNm
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203TREASURER0.00$0$0$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203VICE PRESIDE0.00$0$0$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203SECRETARY0.00$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$204,761AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$397,138AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$601,899TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$601,899AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,028CashDeemedCharitableAmt
Net Vl Noncharitable Assets$592,871NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,644MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,644MinimumInvestmentReturnAmt
Tax Based On Investment Income$128TaxBasedOnInvestmentIncomeAmt
Total Tax$128TotalTaxAmt
Distributable Before Adj$29,516DistributableBeforeAdjAmt
Distributable Before Ded$29,516DistributableBeforeDedAmt
Distributable As Adjusted$29,516DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$50,000ExpensesAndContributionsAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$128PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$49,872AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,516DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$3,326ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,326TotalExcessDistributionCyovAmt
Qualifying Distributions$50,000QualifyingDistributionsAmt
Applied To Current Year$29,516AppliedToCurrentYearAmt
Remaining Distri From Corpus$20,484RemainingDistriFromCorpusAmt
Total Corpus$23,810TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$23,810ExcessDistriCyovToNextYrAmt
Excess From Year1$3,326ExcessFromYear1Amt
Excess From Current Year$20,484ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
YESHIVA OF FLATBUSH
919 EAST 10TH STREETBROOKLYNNY11230PCHELP A SYNAGOGUE WITH ITS BUDGET$25,000
MAGEN DAVID YESHIVAH
2130 MCDONALD AVEBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$50,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$746ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12,251ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$2,324ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$10,673ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,673TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1WORLD OF CHANTILLY INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (10 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS CO BOND$25,691$24,760
ANNALY CAPITAL MGMT
AXA MTN REG S CALL$31,353$30,660
BARCLAYS BANK PLC
FREEPORT-MCMORAN INC$8,103$5,918
HILTON HOTELS CORP$45,677$43,809
HORNBECK OFFSHORE SVCS INC$43,063$28,188
INTERNATIONAL LEASE FIN CORP$51,503$50,784
JPMORGAN CHASE & CO NOTES$10,240$10,314
REDWOOD TRUST INC CONVERTIBLE$9,903$9,410

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHSBC HLDGS PLCStockNm
EOY Book Value$13,178EOYBookValueAmt
EOYFMV$13,345EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSES$151$151

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