ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-14
IRS object ID
201633199349100508
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)
Return2016-11-14T08:59:13-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200862506PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TATULLI & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11202 MEADE STAddressLine1Txt
CityDUNMORECityNm
State AbbreviationPAStateAbbreviationCd
ZIP185123171ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223642909EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABRABusinessNameControlTxt
Phone9736443139PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDITH ABRAMSPersonNm
Person TitlePRESIDENT / TRUSTEEPersonTitleTxt
Phone9736443139PhoneNum
Signature2016-11-14SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVITO TATULLIPreparerPersonNm
PTINP00627362PTIN
Phone5702073345PhoneNum
Preparation2016-11-14PreparationDt
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$5,480FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$64NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$64GrossSalesPriceAmt
Total Rev And Expnss$67TotalRevAndExpnssAmt
Total Net Invst Incm$3TotalNetInvstIncmAmt
Total Adj Net Incm$3TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$503OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$503OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$503TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$503TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$503TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$503TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$436ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$3AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$475SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$325SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$325SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOYFMV$4CorporateStockEOYFMVAmt
Other Investments BOY$5,437OtherInvestmentsBOYAmt
Other Investments EOY$5,151OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,151OtherInvestmentsEOYFMVAmt
Total Assets BOY$5,912TotalAssetsBOYAmt
Total Assets EOY$5,476TotalAssetsEOYAmt
Total Assets EOYFMV$5,480TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$5,912RetainedEarningBOYAmt
Retained Earning EOY$5,476RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,912TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,476TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,912TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,476TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,912TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$436ExcessRevenueOverExpensesAmt
Subtotal$5,476SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,476TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$6,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$14,067NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.426530DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,800AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$17,938NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.379084DistributionYr2Rt
Adjusted Qlfy Distri Yr3$9,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$12,601NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.714229DistributionYr3Rt
Adjusted Qlfy Distri Yr4$118,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$14,224NetVlNoncharitableAssetsYr4Amt
Distribution Yr48.330990DistributionYr4Rt
Adjusted Qlfy Distri Yr5$9,140AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$17,082NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.535066DistributionYr5Rt
Total Distribution10.385899TotalDistributionRt
Average Distribution2.077180AverageDistributionRt
Net Vl Noncharitable Assets$5,849NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$12,149AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$12,149AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$1,616EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,616TotalPaymentsAndCreditsAmt
Overpayment$1,616OverpaymentAmt
Applied To ES Tax$1,616AppliedToESTaxAmt

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 StateNJOrgReportOrRegisterStateCd
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 BooksJUDITH ABRAMSIndividualWithBooksNm
Phone9736443139PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07906ZIPCd
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
JUDITH ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960PRESIDENT /1.00$0$0$0
DOUGLAS ABRAMS
PO BOX 142ROSSCA94957VICE PRESIDE1.00$0$0$0
BRAD S ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960TREASURER1.00$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$7AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$637AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,294FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,938TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,938AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$89CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,849NetVlNoncharitableAssetsAmt
Minimum Investment Return$292MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$292MinimumInvestmentReturnAmt
Distributable Before Adj$292DistributableBeforeAdjAmt
Distributable Before Ded$292DistributableBeforeDedAmt
Distributable As Adjusted$292DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$292DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$8,286ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$117,791ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,380ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,906ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,297ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$145,660TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$292ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$292ExcessDistributionCyovAppCYAmt
Total Corpus$145,368TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$7,994ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$137,374ExcessDistriCyovToNextYrAmt
Excess From Year4$117,791ExcessFromYear4Amt
Excess From Year3$8,380ExcessFromYear3Amt
Excess From Year2$5,906ExcessFromYear2Amt
Excess From Year1$5,297ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$64UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$64UnrelatedBusinessTaxblIncmAmt
Exclusion$3ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$67TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetLONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITYAssetDesc
Gross Sales Price$64GrossSalesPriceAmt
Total Net$64TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILL LYNCH 04281StockNm
EOYFMV$4EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemWHITNEY STRATEGIC PARTNERSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$5,151BookValueAmt
EOYFMV$5,151EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MERRILL LYNCH ANNUAL FEE$150$150
WHITNEY PTRS IV, LP - K1 FLOW$353$353

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