LAUFER FAMILY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LAUFER FAMILY FOUNDATION INC (EIN 13-3070083)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-02
IRS object ID
201620339349100307
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-02T13:22:58-08:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1IVES SULTAN & SPIKE CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Crossways Park WestAddressLine1Txt
CityWoodburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133070083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAUFER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUFBusinessNameControlTxt
Phone9733459111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-02-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT LIPTON CPAPreparerPersonNm
PTINP00034558PTIN
Phone5164969500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$759,710FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$125,560ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$283InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$283InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$283InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$525DividendsRevAndExpnssAmt
Dividends Net Invst Incm$525DividendsNetInvstIncmAmt
Dividends Adj Net Incm$525DividendsAdjNetIncmAmt
Total Rev And Expnss$126,368TotalRevAndExpnssAmt
Total Net Invst Incm$808TotalNetInvstIncmAmt
Total Adj Net Incm$808TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$1,000AccountingFeesAdjNetIncmAmt
Other Expenses Rev And Expnss$100OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$100OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$100OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$1,100TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,100TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,100TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$36,010ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$36,010ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,110TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,100TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,100TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$36,010TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$89,258ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$49,592CashBOYAmt
Cash EOY$27,486CashEOYAmt
Cash EOYFMV$27,486CashEOYFMVAmt
Sav And Temp Cash Invst BOY$319,080SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$294,884SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$294,884SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$112,346CorporateStockBOYAmt
Corporate Stock EOY$212,906CorporateStockEOYAmt
Corporate Stock EOYFMV$382,340CorporateStockEOYFMVAmt
Other Assets BOY$20,000OtherAssetsBOYAmt
Other Assets EOY$55,000OtherAssetsEOYAmt
Other Assets EOYFMV$55,000OtherAssetsEOYFMVAmt
Total Assets BOY$501,018TotalAssetsBOYAmt
Total Assets EOY$590,276TotalAssetsEOYAmt
Total Assets EOYFMV$759,710TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$501,018UnrestrictedBOYAmt
Unrestricted EOY$590,276UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$501,018TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$590,276TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$501,018TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$590,276TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$501,018TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$89,258ExcessRevenueOverExpensesAmt
Subtotal$590,276SubtotalAmt
Tot Net Ast Or Fund Balances EOY$590,276TotNetAstOrFundBalancesEOYAmt

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 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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9733459111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
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

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$438,111AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$262,268AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$700,379TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$700,379AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,506CashDeemedCharitableAmt
Net Vl Noncharitable Assets$689,873NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,494MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,494MinimumInvestmentReturnAmt
Distributable Before Adj$34,494DistributableBeforeAdjAmt
Distributable Before Ded$34,494DistributableBeforeDedAmt
Distributable As Adjusted$34,494DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$36,010ExpensesAndContributionsAmt
Qualifying Distributions$36,010QualifyingDistributionsAmt
Adjusted Qualifying Distri$36,010AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$34,494DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$11,891ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$10,008ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$10,266ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$15,906ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$32,378ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$80,449TotalExcessDistributionCyovAmt
Qualifying Distributions$36,010QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$34,494AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,516RemainingDistriFromCorpusAmt
Total Corpus$81,965TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$11,891ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$70,074ExcessDistriCyovToNextYrAmt
Excess From Year4$10,008ExcessFromYear4Amt
Excess From Year3$10,266ExcessFromYear3Amt
Excess From Year2$15,906ExcessFromYear2Amt
Excess From Year1$32,378ExcessFromYear1Amt
Excess From Current Year$1,516ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CONGREGATION TIFERETH SHMUEL
82-61 BEVERLY ROADKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$2,800
YESHIVA SHAAR HATORAH
117-06 84TH AVENUERICHMOND HILLNY11418NONEPCGENERAL CONTRIBUTION$2,000
KEW GARDENS SYNAGOGUE
82-17 LEFFERTS BOULEVARDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$4,000
MESIVTA YESHIVA RABBI CHAIM BERLIN
1605 CONEY ISLAND AVENUEBROOKLYNNY11230NONEPCGENERAL CONTRIBUTION$12,500
CHAI LIFE LINE
151 WEST 30TH STREETNEW YORKNY10001NONEPCGENERAL CONTRIBUTION$250
QUEENS HATZOLAH
83-26 BREVOORT STREETKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,000
OPERATION OPEN CURTAIN
6 EAST 45TH STREET 11TH FLOORNEW YORKNY10017NONEPCGENERAL CONTRIBUTION$1,500
YESHIVA UNIVERSITY
500 WEST 185TH STREETNEW YORKNY10033NONEPCGENERAL CONTRIBUTION$1,500
RABBINIACAL COLLEGE OF AMERICA
226 SUSSEX AVENUEMORRISTOWNNJ07960NONEPCGENERAL CONTRIBUTION$1,000
YOUNG ISRAEL OF FOREST HILLS
7100 YELLOWSTONE BLVDFOREST HILLSNY11375NONEPCGENERAL CONTRIBUTION$500
YESHIVA OF SOUTH SHORE
1170 WILLIAM STREETHEWLETTNY11557NONEPCGENERAL CONTRIBUTION$360
YOUNG ISRAEL OF LAWRENCE-CEDARHURST
8 SPRUCE STREETCEDARHURSTNY11516NONEPCGENERAL CONTRIBUTION$4,800
AMERICAN FRIENDS OF BET-EL
50 POLK AVENUEHEMPSTEADNY11550NONEPCGENERAL CONTRIBUTION$500
RIVERDALE JEWISH CENTER
3700 INDEPENDENCE AVENUEBRONXNY10463NONEPCGENERAL CONTRIBUTION$500
YAD ELIEZER INC
1102 E 26TH STREETBROOKLYNNY11210NONEPCGENERAL CONTRIBUTION$300
EZRA ACADEMY
119-45 UNION TURNPIKEFOREST HILLSNY11375NONEPCGENERAL CONTRIBUTION$500
MANHATTAN HIGH SCHOOL FOR GIRLS
154 EAST 70TH STREETNEW YORKNY10021NONEPCGENERAL CONTRIBUTION$500
YESHIVA GEDOLA OF CARTERET
42 NOE STREETCARTERETNJ07008NONEPCGENERAL CONTRIBUTION$500
YESHIVA SHAALVIM INC
1144 EAST 29TH STREETBROOKLYNNY11210NONEPCGENERAL CONTRIBUTION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$36,010TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$283ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$525ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$808ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$808TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
DANIEL LAUFER
1153 ONSLOW PLACEKEW GARDENSNY11415$100,560Yes (X)
STEVEN LAUFER
236 WEDGEWOOD LANELAWRENCENY11559$25,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2,000 SHS. YAHOO, INC.NoncashPropertyDesc
Fair Market Value$100,560FairMarketValueAmt
Received2014-12-03ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryIVES & SULTAN, LLPCategoryTxt
Amt$1,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Adjusted Net Income$1,000AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
2,000 BERKSHIRE HATHAWAY INC$89,700$272,220
70 SHS. APPLE INC.$5,018$8,780
200 SHS. ORACLE CORP.$6,458$8,060
1,000 SHS. STERLING BANCORP$11,170$14,700
2,000 SHS. YAHOO INC.$100,560$78,580

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRELIGIOUS ARTICLESDesc
BOY Book Value$20,000BOYBookValueAmt
EOY Book Value$55,000EOYBookValueAmt
EOYFMV$55,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescSTATE FILING FEESDesc
Revenue And Expenses Per Books$100RevenueAndExpensesPerBooksAmt
Net Investment Income$100NetInvestmentIncomeAmt
Adjusted Net Income$100AdjustedNetIncomeAmt

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