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THE SONO AND VICTOR ELMALEH FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
THE SONO AND VICTOR ELMALEH FOUNDATION (EIN 35-2354358)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-11
IRS object ID
201623169349100347
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)
Return2016-11-11T13:30:35-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Berdon LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1360 Madison AveAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10017ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352354358EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SONO AND VICTOR ELMALEH FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O World-wide Holding CorpBusinessNameLine2Txt
FieldValueIRS element (for citing)
In Care Of% WORLD WIDE GROUPInCareOfNm
Business Name ControlSONOBusinessNameControlTxt
Phone2124862000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1950 Third Avenue 18TH FLOORAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNIKO ELMALEHPersonNm
Person TitleMEMBERPersonTitleTxt
Phone2128320400PhoneNum
Signature2016-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMAURY GOLBERTPreparerPersonNm
PTINP00748248PTIN
Phone2128320400PhoneNum
Preparation2016-10-31PreparationDt
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$696,524FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$319DividendsRevAndExpnssAmt
Dividends Net Invst Incm$319DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$23,079NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$273,281GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$23,079CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$10OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$10OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$23,408TotalRevAndExpnssAmt
Total Net Invst Incm$23,408TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$425OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$425TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$125,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$125,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$125,425TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$125,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$102,017ExcessRevenueOverExpensesAmt
Net Investment Income$23,408NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$18,862CashBOYAmt
Cash EOY$523,095CashEOYAmt
Cash EOYFMV$523,095CashEOYFMVAmt
Sav And Temp Cash Invst BOY$523,657SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$171,831SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$171,831SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$7,759CorporateStockBOYAmt
Corporate Stock EOY$7,759CorporateStockEOYAmt
Corporate Stock EOYFMV$1,598CorporateStockEOYFMVAmt
Total Assets BOY$550,278TotalAssetsBOYAmt
Total Assets EOY$702,685TotalAssetsEOYAmt
Total Assets EOYFMV$696,524TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$550,278RetainedEarningBOYAmt
Retained Earning EOY$702,685RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$550,278TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$702,685TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$550,278TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$702,685TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$550,278TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$102,017ExcessRevenueOverExpensesAmt
Other Increases$254,424OtherIncreasesAmt
Subtotal$702,685SubtotalAmt
Tot Net Ast Or Fund Balances EOY$702,685TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property15,182.25 SHS METROPOLITAN BANKPropertyDesc
Sold2015-07-31SoldDt
Gross Sales Price$273,281GrossSalesPriceAmt
Cost Or Other Basis$250,202CostOrOtherBasisAmt
Gain Or Loss$23,079GainOrLossAmt
Gains Minus Excess Or Losses$23,079GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$23,079CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$119,932AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$581,529NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.206236DistributionYr1Rt
Adjusted Qlfy Distri Yr2$87,219AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$672,772NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.129641DistributionYr2Rt
Adjusted Qlfy Distri Yr3$233,080AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$792,419NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.294137DistributionYr3Rt
Adjusted Qlfy Distri Yr4$27,948AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$454,365NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.06151DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,749AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$254,469NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.022592DistributionYr5Rt
Total Distribution0.714116TotalDistributionRt
Average Distribution0.142823AverageDistributionRt
Net Vl Noncharitable Assets$711,436NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$101,609AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$234NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$101,843AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$125,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$234InvestmentIncomeExciseTaxAmt
Subtotal$234SubtotalAmt
Tax Based On Investment Income$234TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,748EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,748TotalPaymentsAndCreditsAmt
Overpayment$1,514OverpaymentAmt
Applied To ES Tax$1,514AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
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 RqrfalseComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1WORLD WIDE GROUPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2124862000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1950 THIRD AVENUE 18TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
NIKO ELMALEH
150 COLUMBUS AVENUENEW YORKNY10023PRESIDENT0$0
MARK SAYERS
265 EAST 66TH STREETNEW YORKNY10065TREASURER0$0
Mark Bosswick
360 Madison AvenueNew YorkNY10022Director0$0
Joel I Papernik
666 Third AvenueNew YorkNY10017DIRECTOR0$0
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$170,915AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$551,355AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$722,270TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$722,270AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,834CashDeemedCharitableAmt
Net Vl Noncharitable Assets$711,436NetVlNoncharitableAssetsAmt
Minimum Investment Return$35,572MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$35,572MinimumInvestmentReturnAmt
Tax Based On Investment Income$234TaxBasedOnInvestmentIncomeAmt
Total Tax$234TotalTaxAmt
Distributable Before Adj$35,338DistributableBeforeAdjAmt
Distributable Before Ded$35,338DistributableBeforeDedAmt
Distributable As Adjusted$35,338DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$125,000ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$125,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$234PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$124,766AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$35,338DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$190,384ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$54,116ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$91,192ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$335,692TotalExcessDistributionCyovAmt
Qualifying Distributions$125,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$35,338AppliedToCurrentYearAmt
Remaining Distri From Corpus$89,662RemainingDistriFromCorpusAmt
Total Corpus$425,354TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$425,354ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$190,384ExcessFromYear3Amt
Excess From Year2$54,116ExcessFromYear2Amt
Excess From Year1$91,192ExcessFromYear1Amt
Excess From Current Year$89,662ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

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 RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Careers in Transistion for Dancers
165 West 46th Street Suite 701New YorkNY10036noneEOFGeneral Purpose$75,000
Thodos Dance Chicago
860 W Blackhawk Suite 305ChicagoIL60642noneEOFGeneral Purpose$50,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$125,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$319ExclusionAmt
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$23,079ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescROYALTY INCOMEDesc
Exclusion$10ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$23,408ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,408TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock25000 SHS LIQUIDMETAL TECHS INStockNm
EOY Book Value$7,759EOYBookValueAmt
EOYFMV$1,598EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS EXPENSESDesc
Revenue And Expenses Per Books$425RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRoyalty IncomeDesc
Revenue And Expenses Per Books$10RevenueAndExpensesPerBooksAmt
Net Investment Income$10NetInvestmentIncomeAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR YEAR ADJUSTMENTSDesc
Amt$254,424Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAX EXPENSECategoryTxt

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