LEVINE FAMILY FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
LEVINE FAMILY FOUNDATION INC (EIN 13-3476578)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-15
IRS object ID
202523199349100422
Schema version
2024v5.2
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)
Return2025-11-15T07:26:16-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEPHEN A HILCKEN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12228 WALSALL STAddressLine1Txt
CitySEAFORDCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11783ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133476578EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LEVINE FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLEVIBusinessNameControlTxt
Phone9146323124PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line153 TRENOR DRIVEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBERNARD SEGALPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9146323124PhoneNum
Signature2025-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonStephen A HilckenPreparerPersonNm
PTINP01029906PTIN
Phone5166502746PhoneNum
Preparation2025-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,982,476FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$102,561DividendsRevAndExpnssAmt
Dividends Net Invst Incm$102,561DividendsNetInvstIncmAmt
Dividends Adj Net Incm$102,561DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$140,908CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$114,873NetSTCapitalGainAdjNetIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$102,561TotalRevAndExpnssAmt
Total Net Invst Incm$243,469TotalNetInvstIncmAmt
Total Adj Net Incm$217,434TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$41,343OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$41,343OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$41,343OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$41,343OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$0TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$41,343TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$41,343TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$41,343TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$41,343TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$275,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$316,343TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$41,343TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$41,343TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$41,343TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$213,782ExcessRevenueOverExpensesAmt
Net Investment Income$202,126NetInvestmentIncomeAmt
Adjusted Net Income$176,091AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$826,022CashBOYAmt
Cash EOY$852,378CashEOYAmt
Cash EOYFMV$852,378CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$2,722,631CorporateStockBOYAmt
Corporate Stock EOY$2,625,753CorporateStockEOYAmt
Corporate Stock EOYFMV$3,130,098CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$3,548,653TotalAssetsBOYAmt
Total Assets EOY$3,478,131TotalAssetsEOYAmt
Total Assets EOYFMV$3,982,476TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$3,548,653NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$3,478,131NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$3,548,653TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,478,131TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,548,653TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,478,131TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,548,653TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$213,782ExcessRevenueOverExpensesAmt
Other Increases$143,260OtherIncreasesAmt
Subtotal$3,478,131SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,478,131TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SEE STATEMENT ATTACHEDP2024-01-012024-12-31$5,087,674$0$4,972,801$114,873$0$0$0$114,873
SEE STATEMENT ATTACHEDP2023-01-012024-12-31$246,209$0$220,174$26,035$0$0$0$26,035
FieldValueIRS element (for citing)
Capital Gain Net Income$140,908CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$114,873NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,810InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$2,810SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$2,810TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$14,759EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$14,759TotalPaymentsAndCreditsAmt
Original Return Overpayment-$14,759OriginalReturnOverpaymentAmt
Overpayment$11,949OverpaymentAmt
Applied To ES Tax$11,949AppliedToESTaxAmt

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 BooksBERNARD SEGALIndividualWithBooksNm
Phone9146323124PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line153 TRENOR DRIVEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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
LINDA ROTHMAN LEVINE
605 EAST 82ND STREETNEW YORKNY10026PREDIDENT3.00$0$0$0
HARRY LEVINE
400 EAST 77TH STREETNEW YORKNY10075V. PRESIDENT1.00$0$0$0
BERNARD SEGAL
53 TRENOR DRIVENEW ROCHELLENY10804TREASURER5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,349,060AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,682,269AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,031,329TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$4,031,329AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$60,470CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,970,859NetVlNoncharitableAssetsAmt
Minimum Investment Return$198,543MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$198,543MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,810TaxBasedOnInvestmentIncomeAmt
Total Tax$2,810TotalTaxAmt
Distributable Before Adj$195,733DistributableBeforeAdjAmt
Distributable Before Ded$195,733DistributableBeforeDedAmt
Distributable As Adjusted$195,733DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,343ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$41,343QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$195,733DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$137,518ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$299,950ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$324,490ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$325,207ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$293,893ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,381,058TotalExcessDistributionCyovAmt
Qualifying Distributions$41,343QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$41,343RemainingDistriFromCorpusAmt
Total Corpus$1,422,401TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$195,733UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$137,518ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,284,883ExcessDistriCyovToNextYrAmt
Excess From Year4$299,950ExcessFromYear4Amt
Excess From Year3$324,490ExcessFromYear3Amt
Excess From Year2$325,207ExcessFromYear2Amt
Excess From Year1$293,893ExcessFromYear1Amt
Excess From Current Year$41,343ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NYU GROSSMAN MEDICAL CENTER
550 FIRST AVENUENEW YORKNY10016PCMEDICAL RESEARCH$50,000
BRANDEIS UNIVERSITY
414 SOUTH STREETWALTHAMMA02453PCSTUDENT SCHOLARSHIP$25,000
PLANNED PARENTHOOD
123 WILLIAM STREETNEW YORKNY10038PCWOMENS HEALTH$25,000
UJA FEDERATION
130 EAST 59TH STREETNEW YORKNY10022PCCOMMUNAL CHARITY$25,000
SAVE THE CHILDREN
501 KINGS HIGHWAYFAIRFIELDCT06825PCCHIDRENS WELFARE$25,000
COALITION FOR THE HOMELESS
129 FULTON STREETNEW YORKNY10038PCHOMELESS WELFARE$25,000
ACLU
125 BROAD STREETNEW YORKNY10004PCCIVIL LIBERTIES$25,000
ANER JEWISH WORLD SERVICES
45 WEST 36TH STREETNEW YORKNY10018PCWORLDWIDE SOCIAL SERVICES$25,000
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741PCWORLDWIDE SOCIAL SERVICES$25,000
ANIMAL WELFARE INSTITUTE
900 PENNSYLVANIA AVENUEWASHINGTONDC20003PCANIMAL HEALTH$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$275,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion6ExclusionCd
Exclusion$102,561ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$102,561ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$102,561TotalIncomeProducingActyAmt

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCAPITAL LOSSESDesc
Amt$0Amt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (2 entries)

DescDescAmtAmt
CAPITAL GAINS$140,908
MISCELLANEOUS DEDUCTION$2,352

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