BETA

THE KATZ FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
THE KATZ FOUNDATION INC (EIN 13-3320975)
Tax period
2014-08-01 to 2015-07-31
Filed
2016-04-18
IRS object ID
201621119349100507
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)
Return2016-04-18T00:00:00-05:00ReturnTs
Tax Period End2015-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112999103PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY SCHECHTER CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE PENN PLAZA SUITE 440AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10119ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133320975EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KATZ FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKATZBusinessNameControlTxt
Phone2019280226PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 WARREN STREETAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAVI KATZPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2019280226PhoneNum
Signature2016-04-20SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARRY SCHECHTERPreparerPersonNm
PTINP00010696PTIN
Phone2129475880PhoneNum
Preparation2016-04-20PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$357,140FMVAssetsEOYAmt
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$3,970InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,970InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$2,352DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,352DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$6,322TotalRevAndExpnssAmt
Total Net Invst Incm$6,322TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Taxes Rev And Expnss$329TaxesRevAndExpnssAmt
Taxes Net Invst Incm$140TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$329TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$140TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$9,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$9,829TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$140TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$9,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,507ExcessRevenueOverExpensesAmt
Net Investment Income$6,182NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$300,045SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$301,384SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$301,384SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,300CorporateStockBOYAmt
Corporate Stock EOY$1,300CorporateStockEOYAmt
Corporate Stock EOYFMV$1,716CorporateStockEOYFMVAmt
Mortgage Loans BOY$58,886MortgageLoansBOYAmt
Mortgage Loans EOY$54,040MortgageLoansEOYAmt
Mortgage Loans EOYFMV$54,040MortgageLoansEOYFMVAmt
Total Assets BOY$360,231TotalAssetsBOYAmt
Total Assets EOY$356,724TotalAssetsEOYAmt
Total Assets EOYFMV$357,140TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$360,231UnrestrictedBOYAmt
Unrestricted EOY$356,724UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$360,231TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$356,724TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$360,231TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$356,724TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$360,231TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,507ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$356,724SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$356,724TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$9,600AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$359,669NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.026691DistributionYr1Rt
Adjusted Qlfy Distri Yr2$33,555AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$375,713NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.089310DistributionYr2Rt
Adjusted Qlfy Distri Yr3$35,640AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$404,827NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.088038DistributionYr3Rt
Adjusted Qlfy Distri Yr4$10,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$416,715NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.025197DistributionYr4Rt
Adjusted Qlfy Distri Yr5$64,082AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$435,256NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.147228DistributionYr5Rt
Total Distribution0.376464TotalDistributionRt
Average Distribution0.075293AverageDistributionRt
Net Vl Noncharitable Assets$353,353NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$26,605AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$62NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$26,667AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$9,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$124InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$124SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$124TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$124TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr Satisfied0Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1AVI KATZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2019280226PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11118 WARREN STREETAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

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
AVI KATZ
1118 WARREN STREETNEW MILFORDNJ07646PRESIDENT5.00$0$0$0
NADINE KATZ
1118 WARREN STREETNEW MILFORDNJ07646SECRETARY, TREASURER5.00$0$0$0
SHIMON Y KATZ
4750 PALISADES AVENUERIVERDALENY10471VICE PRESIDENT5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,241AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$298,730AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$57,763FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$358,734TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$358,734AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$5,381CashDeemedCharitableAmt
Net Vl Noncharitable Assets$353,353NetVlNoncharitableAssetsAmt
Minimum Investment Return$17,668MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$17,668MinimumInvestmentReturnAmt
Tax Based On Investment Income$124TaxBasedOnInvestmentIncomeAmt
Total Tax$124TotalTaxAmt
Distributable Before Adj$17,544DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$17,544DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$17,544DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$9,500ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$9,500QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$9,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$17,544DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$17,511ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$15,519ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$14,859ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$47,889TotalExcessDistributionCyovAmt
Qualifying Distributions$9,500QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$9,500AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$8,044ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$8,044ExcessDistributionCyovAppCYAmt
Total Corpus$39,845TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$9,467ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$30,378ExcessDistriCyovToNextYrAmt
Excess From Year3$15,519ExcessFromYear3Amt
Excess From Year2$14,859ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ADAS ISRAEL TZEDEKAH FUND
2850 QUEBEC STREETWASHINGTONDC20008NONEPUBLICCHARITABLE$4,000
DAUGHTERS OF MIRIAM
155 HAZEL STREETCLIFTONNJ07011NONEPUBLICCHARITABLE$500
YESHIVA CHOVEVAI TORAH
3700 HENRY HUDSON PKWAYBRONXNY10463NONEPUBLICCHARITABLE1CHARITABLE$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$9,500TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,970ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,352ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$6,322ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,322TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockRBC - VARIOUSStockNm
EOY Book Value$1,300EOYBookValueAmt
EOYFMV$1,716EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX$89$0$0
NYS FILING FEE$100$0$0
INVESTMENT FEES$140$140$0

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