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JUDITH & LESTER LIEBERMAN FOUNDATION A NEW JERSEY NONPROFIT: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
JUDITH & LESTER LIEBERMAN FOUNDATION A NEW JERSEY NONPROFIT (EIN 22-3584229)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-05
IRS object ID
201611269349100726
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)
Return2016-05-05T09:45:17-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Gittelman & Company PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 2369AddressLine1Txt
CityCliftonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP070152369ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223584229EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE JUDITH & LESTER LIEBERMAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJUDIBusinessNameControlTxt
Phone3017607525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1685 SPRING VALLEY ROADAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDITH LIEBERMANPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMark I Gittelman CPAPreparerPersonNm
PTINP00059708PTIN
Phone9737788885PhoneNum
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$56,614FMVAssetsEOYAmt
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$1,285DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,285DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$89,297NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$136,304GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$89,297CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$90,582TotalRevAndExpnssAmt
Total Net Invst Incm$90,582TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,946AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,946AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$3,135TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,081TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,946TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$146,934ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$146,934ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$152,015TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,946TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$146,934TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$61,433ExcessRevenueOverExpensesAmt
Net Investment Income$88,636NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$25,230SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$10,804SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,804SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$66,015CorporateStockBOYAmt
Corporate Stock EOY$19,008CorporateStockEOYAmt
Corporate Stock EOYFMV$45,810CorporateStockEOYFMVAmt
Total Assets BOY$91,245TotalAssetsBOYAmt
Total Assets EOY$29,812TotalAssetsEOYAmt
Total Assets EOYFMV$56,614TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$91,245RetainedEarningBOYAmt
Retained Earning EOY$29,812RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$91,245TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$29,812TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$91,245TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$29,812TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$91,245TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$61,433ExcessRevenueOverExpensesAmt
Subtotal$29,812SubtotalAmt
Tot Net Ast Or Fund Balances EOY$29,812TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1693.6 QORVO INCP2013-12-312015-12-31$109,304$32,490$76,814$76,814
200 ROYAL CARIBBEAN CRUISESP2013-11-042015-12-01$18,651$8,510$10,141$10,141
40 SPDR S&0 500 ETFP2013-02-212015-12-01$8,349$6,007$2,342$2,342
FieldValueIRS element (for citing)
Capital Gain Net Income$89,297CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$670,712AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$263,618NetVlNoncharitableAssetsYr1Amt
Distribution Yr12.54426DistributionYr1Rt
Adjusted Qlfy Distri Yr2$173,095AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$332,062NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.52127DistributionYr2Rt
Adjusted Qlfy Distri Yr3$181,582AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$365,605NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.49666DistributionYr3Rt
Adjusted Qlfy Distri Yr4$196,311AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$432,492NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.45391DistributionYr4Rt
Adjusted Qlfy Distri Yr5$175,752AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$411,553NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.42705DistributionYr5Rt
Total Distribution4.443145TotalDistributionRt
Average Distribution0.888629AverageDistributionRt
Net Vl Noncharitable Assets$186,454NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$165,688AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$886NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$166,574AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$146,934QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,773InvestmentIncomeExciseTaxAmt
Subtotal$1,773SubtotalAmt
Tax Based On Investment Income$1,773TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,096EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,096TotalPaymentsAndCreditsAmt
Overpayment$323OverpaymentAmt
Applied To ES Tax$323AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
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 Line1JUDITH LIEBERMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3017607525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1685 SPRING VAALLY REOADAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP079604454ZIPCd
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
JUDITH LIEBERMAN
SPRING VALLEY ROADMORRISTOWNNJ07960President0.00$0
SUSAN LIEBERMAN
SPRING VALLEY ROADMORRISTOWNNJ07960Treasurer0.00$0
JANE LIEBERMAN
SPRING VALLEY ROADMORRISTOWNNJ07960Vice President0.00$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)
Description1THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$155,278AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$34,015AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$189,293TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$189,293AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,839CashDeemedCharitableAmt
Net Vl Noncharitable Assets$186,454NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,323MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,323MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,773TaxBasedOnInvestmentIncomeAmt
Total Tax$1,773TotalTaxAmt
Distributable Before Adj$7,550DistributableBeforeAdjAmt
Distributable Before Ded$7,550DistributableBeforeDedAmt
Distributable As Adjusted$7,550DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$146,934ExpensesAndContributionsAmt
Qualifying Distributions$146,934QualifyingDistributionsAmt
Adjusted Qualifying Distri$146,934AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,550DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$155,786ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$174,994ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$163,374ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$158,602ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$661,721ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,314,477TotalExcessDistributionCyovAmt
Qualifying Distributions$146,934QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,550AppliedToCurrentYearAmt
Remaining Distri From Corpus$139,384RemainingDistriFromCorpusAmt
Total Corpus$1,453,861TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$155,786ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,298,075ExcessDistriCyovToNextYrAmt
Excess From Year4$174,994ExcessFromYear4Amt
Excess From Year3$163,374ExcessFromYear3Amt
Excess From Year2$158,602ExcessFromYear2Amt
Excess From Year1$661,721ExcessFromYear1Amt
Excess From Current Year$139,384ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJUDITH LIEBERMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1685 SPRING VALLEY ROADAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd
FieldValueIRS element (for citing)
Recipient Phone3017607525RecipientPhoneNum
Form And Info And MaterialsWRITTEN SPECIFYING PURPOSE OF CONTRIBUTION.FormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED LISTINGRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1Txt
CityVARIOUSCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusN/ARecipientFoundationStatusTxt
Grant Or Contribution PurposeVARIOUSGrantOrContributionPurposeTxt
Amt$146,934Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$146,934TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,285ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$89,297ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$90,582ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$90,582TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementN/ARelationshipStatementTxt

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$1,946Amt
Net Investment Income$1,946NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationAS THE FOUNDATION DOES NOT SOLICIT FUNDS FROM THE PUBLIC, IT IS EXEMPT FROM NJ REPORTING REQUIREMENTS.ExplanationTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFORM 990PFCategoryTxt
Amt$3,135Amt

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