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TODD SCHIFFMAN FOUNDATION TR: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
TODD SCHIFFMAN FOUNDATION TR (EIN 95-7040466)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-06-01
IRS object ID
201601539349100210
Schema version
2015v2.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-06-01T09:46:46-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Grossman & Barnbaum CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line120631 Ventura Blvd Suite 203AddressLine1Txt
CityWoodland HillsCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91364ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN957040466EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE TODD SCHIFFMAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTODDBusinessNameControlTxt
Phone3105500200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line19229 SUNSET BLVDAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90069ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTODD SCHIFFMANPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-05-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMark T Grossman CPAPreparerPersonNm
PTINP00065682PTIN
Phone8183404511PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$800,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$898DividendsRevAndExpnssAmt
Dividends Net Invst Incm$898DividendsNetInvstIncmAmt
Dividends Adj Net Incm$898DividendsAdjNetIncmAmt
Gross Rents Rev And Expnss$44,400GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$44,400GrossRentsNetInvstIncmAmt
Gross Rents Adj Net Incm$44,400GrossRentsAdjNetIncmAmt
Net Rental Income Or Loss-$11,612NetRentalIncomeOrLossAmt
Total Rev And Expnss$845,298TotalRevAndExpnssAmt
Total Net Invst Incm$45,298TotalNetInvstIncmAmt
Total Adj Net Incm$45,298TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$42LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$42LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$875AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$875AccountingFeesNetInvstIncmAmt
Other Prof Fees Rev And Expnss$150OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$150OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$150OtherProfFeesAdjNetIncmAmt
Taxes Rev And Expnss$85TaxesRevAndExpnssAmt
Taxes Net Invst Incm$85TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$25,955DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$25,955DeprecAndDpltnNetInvstIncmAmt
Other Expenses Rev And Expnss$30,924OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$30,924OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$58,031TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$58,031TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$150TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$7,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$65,031TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$58,031TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$150TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$7,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$780,267ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$45,148AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,606CashBOYAmt
Cash EOY$20,965CashEOYAmt
Corporate Stock BOY$23,274CorporateStockBOYAmt
Corporate Stock EOY$19,837CorporateStockEOYAmt
Land Bldg Equip Cost Or Other Bss$1,697,250LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$27,013LandBldgEquipAccumDeprecAmt
Land BOY$896,192LandBOYAmt
Land EOY$1,670,237LandEOYAmt
Total Assets BOY$935,072TotalAssetsBOYAmt
Total Assets EOY$1,711,039TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Loans From Officers BOY$14,300LoansFromOfficersBOYAmt
Loans From Officers EOY$10,000LoansFromOfficersEOYAmt
Total Liabilities BOY$14,300TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,000TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$920,772CapitalStockBOYAmt
Capital Stock EOY$1,701,039CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$920,772TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,701,039TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$935,072TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,711,039TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$920,772TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$780,267ExcessRevenueOverExpensesAmt
Subtotal$1,701,039SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,701,039TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1TODD SCHIFFMAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3105500200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line19229 SUNSET BLVD 501AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90069ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
TODD SCHIFFMAN
9229 SUNSET BLVD 501LOS ANGELESCA90069President0.00$0
J MICHAEL BOH
9229 SUNSET BLVD 501LOS ANGELESCA90069Trustee0.00$0
MARK PUENTE
9229 SUNSET 501LOS ANGELESCA90069Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DECEMBER 2015: CONTRIBUTION OF $3,500 TO JEWISH FAMILY SERVICES ADOPT-A-FAMILY PROGRAM. THIS ORGANIZATION SERVES THE LOCAL COMMUNITY AND IS ORGANIZED TO PROVIDE ASSISTANCE FOR PEOPLE IN NEED.Description1Txt
Expenses1$3,500Expenses1Amt
Description2DECEMBER 2015:CONTRIBUTION OF $3,500 TO THE CONSANO CANCER RESEARCH ORGANIZATION.Description2Txt
Expenses2$3,500Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$7,000ExpensesAndContributionsAmt
Qualifying Distributions$7,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$7,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,100ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,500ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,500ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,500ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,300ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$13,900TotalExcessDistributionCyovAmt
Qualifying Distributions$7,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$7,000RemainingDistriFromCorpusAmt
Total Corpus$20,900TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,100ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$17,800ExcessDistriCyovToNextYrAmt
Excess From Year4$2,500ExcessFromYear4Amt
Excess From Year3$2,500ExcessFromYear3Amt
Excess From Year2$2,500ExcessFromYear2Amt
Excess From Year1$3,300ExcessFromYear1Amt
Excess From Current Year$7,000ExcessFromCurrentYearAmt

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
JEWISH FAMILY SERVICE
3580 WILSHIRE BLVD 700LOS ANGELESCA90010501C3DECEMBER 2015 CONTRIBUTION OF $3,500.00 TO THE JEWISH FAMILY SERVICES SOVA COMMUNITY FOOD AND RESOURCE PROGRAM. THIS ORGANIZATION SERVES THE LOCAL COMMUNITY AND IS ORGANIZED TO PROVIDE ASSISTANCE FOR PEOPLE IN NEED.$3,500
CONSANO
PO BOX 12309PORTLANDOR97212501C312/15/15 $3500 DONATION TO SUPPORT CANCER RESEARCH AND TREATMENT.$3,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$898RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion-$11,612ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$11,612ExclusionAmt
Related Or Exempt Function Incm$898RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$10,714TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$875Amt
Net Investment Income$875NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (2 entries)

PropertyPropertyDescAcquiredAcquiredDtCost Or Other BasisCostOrOtherBasisAmtPrior Year DepreciationPriorYearDepreciationAmtComputation MethodComputationMethodTxtRtRtCurrent Year ExpenseCurrentYearExpenseAmtNet Investment IncomeNetInvestmentIncomeAmt
BUILDING2014-12-01$696,176$1,058SL0.0364$25,313$25,313
BUILDING2015-12-15$600,000SL0.0011$642$642

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxtCost Or Other BasisCostOrOtherBasisAmtAccumulated DepreciationAccumulatedDepreciationAmtBook ValueBookValueAmt
Buildings$1,296,176$27,013$1,269,163
Land$401,074$401,074

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLEGAL FEESCategoryTxt
Legal Fees$42LegalFeesAmt
Net Investment Income$42NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
INSURANCE$867$867
Rental Expenses$30,057$30,057

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADMINISTRATION FEESCategoryTxt
Amt$150Amt
Net Investment Income$150NetInvestmentIncomeAmt
Adjusted Net Income$150AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE TAXCategoryTxt
Amt$85Amt
Net Investment Income$85NetInvestmentIncomeAmt

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