EDUCATIONAL SUPPORT FOUNDATION INC: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATIONAL SUPPORT FOUNDATION INC (EIN 13-6159760)
- Tax period
- 2014-06-01 to 2015-05-31
- Filed
- 2016-04-05
- IRS object ID
- 201600969349100400
- Schema version
- 2014v6.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-04-05T08:05:19-05:00 | ReturnTs |
| Tax Period End | 2015-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133094254 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBINS & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 EXECUTIVE BOULEVARD SUITE 202 | AddressLine1Txt |
| City | SUFFERN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10901 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136159760 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATIONAL SUPPORT FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EDUC | BusinessNameControlTxt |
| Phone | 7188377700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEON SCHARF | PersonNm |
| Person Title | MANAGER | PersonTitleTxt |
| Phone | 7188377700 | PhoneNum |
| Signature | 2016-04-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALFRED I SCHERZER | PreparerPersonNm |
| PTIN | P00155678 | PTIN |
| Phone | 8455472230 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $28,834,546 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $655,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $554,977 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $554,977 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $60,479 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $60,479 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | -$8,464 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $2,257,321 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,579,603 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,257,321 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,465,719 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,465,719 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $4,993,496 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $4,338,496 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $1,455 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $1,455 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,400 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $6,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $3,100 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $87,630 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $87,630 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $55,279 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $674 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $674 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $11,385 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $9,108 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $2,277 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $94,343 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $91,008 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $3,335 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $260,166 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $196,175 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $8,712 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $582,531 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $582,531 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $842,697 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $196,175 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $591,243 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $4,150,799 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $4,142,321 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $888,083 | CashBOYAmt |
| Cash EOY | $114,288 | CashEOYAmt |
| Cash EOYFMV | $114,288 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $12,329 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $174,453 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $174,453 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $553,287 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $9,250,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $553,287 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $553,287 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $18,524 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $10,389 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $8,809 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $8,135 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $8,135 | LandBldgInvestmentsEOYFMVAmt |
| Mortgage Loans BOY | $1,257,159 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $16,442,500 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $16,442,500 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $12,206,159 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $11,225,960 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $11,541,883 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $23,622,539 | TotalAssetsBOYAmt |
| Total Assets EOY | $28,518,623 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $28,834,546 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $9,739 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $14,118 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $378,668 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,125,000 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $388,407 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,139,118 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $23,234,132 | RetainedEarningBOYAmt |
| Retained Earning EOY | $27,379,505 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $23,234,132 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $27,379,505 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $23,622,539 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $28,518,623 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $23,234,132 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $4,150,799 | ExcessRevenueOverExpensesAmt |
| Other Increases | $125 | OtherIncreasesAmt |
| Subtotal | $27,385,056 | SubtotalAmt |
| Other Decreases | $5,551 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $27,379,505 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (11 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | AcquiredAcquiredDt | SoldSoldDt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|---|---|
| GAIN ON LIQUIDATION OF MTG | P | $2,167,359 | $2,167,359 | $2,167,359 | |||
| SCHEDULE AVAILABLE | P | $207,999 | $1,924 | $1,924 | 2013-10-03 | 2015-05-05 | $206,075 |
| SCHEDULE AVAILABLE | P | $70,784 | $922 | $922 | 2014-09-25 | 2015-05-26 | $69,862 |
| SCHEDULE AVAILABLE | P | $103,856 | $20,996 | $20,996 | 2012-08-17 | 2015-04-15 | $82,860 |
| SCHEDULE AVAILABLE | P | $79,723 | -$14,090 | -$14,090 | 2014-02-03 | 2014-12-19 | $93,813 |
| SCHEDULE AVAILABLE | P | $714,007 | $43,605 | $43,605 | 2009-11-29 | 2014-12-12 | $670,402 |
| SCHEDULE AVAILABLE | P | $224,047 | $24,777 | $24,777 | 2014-02-24 | 2014-06-23 | $199,270 |
| MORGAN STANLEY | P | $3,602 | $3,602 | $3,602 | |||
| MORGAN STANLEY | P | $2,201 | $2,201 | $2,201 | |||
| MORGAN STANLEY | P | $111 | $111 | $111 | |||
| CAPITAL GAINS DIVIDENDS | P | $5,914 | $5,914 | $5,914 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,257,321 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,158,972 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $23,217,862 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.049917 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $3,102,156 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $21,880,135 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.141780 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,661,379 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $21,835,038 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.121886 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,454,472 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $24,026,609 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.060536 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $778,253 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $20,425,200 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.038103 | DistributionYr5Rt |
| Total Distribution | 0.412222 | TotalDistributionRt |
| Average Distribution | 0.082444 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $25,986,419 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $2,142,424 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $41,423 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $2,183,847 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $591,243 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $82,846 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $82,846 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $82,846 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $74,120 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $40,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $114,120 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $136 | EsPenaltyAmt |
| Overpayment | $31,138 | OverpaymentAmt |
| Applied To ES Tax | $31,138 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | LEON SCHARF | IndividualWithBooksNm |
| Phone | 2128666008 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 WEST END AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEON SCHARF | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | MANAGER | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 0.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,434,152 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $594,577 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $15,353,422 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $26,382,151 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $26,382,151 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $395,732 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $25,986,419 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,299,321 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,299,321 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $82,846 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $82,846 | TotalTaxAmt |
| Distributable Before Adj | $1,216,475 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,216,475 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,216,475 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $591,243 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $591,243 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $591,243 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,216,475 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr4 | $289,814 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,608,571 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $2,063,119 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $43,052 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $4,004,556 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $591,243 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $591,243 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $625,232 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $625,232 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,379,324 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,379,324 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $1,273,153 | ExcessFromYear3Amt |
| Excess From Year2 | $2,063,119 | ExcessFromYear2Amt |
| Excess From Year1 | $43,052 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | LEON SCHARF | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONTRIBUTIONS OF 582531 DETAILS AVAILABLE UPON REQUEST AT | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1575 50TH STREET | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | ADVANCEMENT OF EDUCATION AND ASSISTANCE TO NEEDY | GrantOrContributionPurposeTxt |
| Amt | $582,531 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $582,531 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $554,977 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | -$8,464 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,465,719 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $2,257,321 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,269,553 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $4,269,553 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (4 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| FRANCONIA FOUNDATION INC | ||||||
| 1 | 3839 FLATLANDS AVE | BROOKLYN | NY | 11234 | $5,000 | Yes (X) |
| IS-MS ASSOCIATES LLC | ||||||
| 2 | 1575 50TH STREET | BROOKLYN | NY | 11219 | $400,000 | Yes (X) |
| IS-RB ASSOCIATES LLC | ||||||
| 3 | 1575 50TH STREET | BROOKLYN | NY | 11219 | $200,000 | Yes (X) |
| RMB TRUST ASSOCIATES LLC | ||||||
| 4 | 3839 FLATLANDS AVENUE | BROOKLYN | NY | 11234 | $50,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $9,400 | Amt |
| Net Investment Income | $6,300 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,100 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | COOP APTS, 890 WEST END AVE, NY, NY | PropertyDesc |
| Acquired | 2000-05-01 | AcquiredDt |
| Cost Or Other Basis | $18,524 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $9,715 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 27.500000000000 | LifeRt |
| Current Year Expense | $674 | CurrentYearExpenseAmt |
| Net Investment Income | $674 | NetInvestmentIncomeAmt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | COOP APTS, 890 WEST END AVE, NY, NY | CategoryOrItemTxt |
| Cost Or Other Basis | $18,524 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $10,389 | AccumulatedDepreciationAmt |
| Book Value | $8,135 | BookValueAmt |
| EOYFMV | $8,135 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PARTNERSHIP INTERESTS | AT COST | $1,153,898 | $1,153,898 |
| OTHER SECURITIES | FMV | $9,792,744 | $10,137,985 |
| PRECIOUS METAL | AT COST | $279,318 | $250,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LEGAL | $660 | $660 | $0 |
| LEGAL | $795 | $795 | $0 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PENALTIES | Desc |
| Amt | $5,551 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE EXPENSE | $5,500 | $4,400 | $1,100 |
| ADVERTISING | $59 | $0 | $59 |
| ADVISORY FEES | $18,399 | $18,399 | $0 |
| OFFICE EXPENSE | $676 | $0 | $676 |
| FILING FEES | $1,500 | $0 | $1,500 |
| BANK CHARGES | $735 | $735 | $0 |
| CO-OP MAINTENANCE | $61,491 | $61,491 | $0 |
| INSURANCE | $1,298 | $1,298 | $0 |
| REPAIRS & MAINTENANCE | $4,685 | $4,685 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| MORTGAGE INTEREST - LHF ASSOCIATES | $97,895 | $97,895 | $97,895 |
| OTHER INCOME (LOSS) | -$18,292 | -$18,292 | -$18,292 |
| INTEREST INCOME-325 RIVERSIDE | $32 | $32 | $32 |
| INTEREST INC - ABE KATZ | $721 | $721 | $721 |
| MORTGAGE INTEREST INCOME | $1,385,363 | $1,385,363 | $1,385,363 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON TAXABLE INCOME | Desc |
| Amt | $125 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED SALE ON INSTALLMENT SALE | $328,668 | $0 |
| PARTICIPATION PAYABLE | $50,000 | $1,125,000 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| WEINREB MANAGEMENT | |||
| 276 RIVERSIDE DRIVE | NEW YORK | NY | 10025 |
| LEON SCHARF | |||
| 1659 58TH STREET | BROOKLYN | NY | 11204 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL INCOME TAX | CategoryTxt |
| Amt | $55,279 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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