ZARO FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ZARO FOUNDATION INC (EIN 22-3462296)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-06-28
IRS object ID
201621809349100757
Schema version
2015v2.1
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)
Return2016-06-28T15:29:21-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN205785344PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EMMERMAN BOYLE & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11025 WESTCHESTER AVE SUITE 301AddressLine1Txt
CityWHITE PLAINSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10604ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223462296EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ZARO FOUNDATION INCBusinessNameLine1Txt
Business Name Line2C/O JEROLD L ZAROBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlZAROBusinessNameControlTxt
Phone9736435785PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1139AddressLine1Txt
CityOAKHURSTCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07755ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEROLD ZAROPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9736435785PhoneNum
Signature2016-05-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANNY W STANTON CPAPreparerPersonNm
PTINP00052517PTIN
Phone9143281729PhoneNum
Preparation2016-05-23PreparationDt
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$28,927FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$40,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$22InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$40,022TotalRevAndExpnssAmt
Total Net Invst Incm$22TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$60TaxesRevAndExpnssAmt
Taxes Net Invst Incm$30TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$30TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,060TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$530TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$530TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$33,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$33,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$34,160TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$530TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$33,630TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$5,862ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,065CashBOYAmt
Cash EOY$28,927CashEOYAmt
Cash EOYFMV$28,927CashEOYFMVAmt
Total Assets BOY$23,065TotalAssetsBOYAmt
Total Assets EOY$28,927TotalAssetsEOYAmt
Total Assets EOYFMV$28,927TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$23,065RetainedEarningBOYAmt
Retained Earning EOY$28,927RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$23,065TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$28,927TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$23,065TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$28,927TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$23,065TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$5,862ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$28,927SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$28,927TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$46,300AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$26,052NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.777215DistributionYr1Rt
Adjusted Qlfy Distri Yr2$37,678AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$35,849NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.051020DistributionYr2Rt
Adjusted Qlfy Distri Yr3$30,030AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$20,391NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.472709DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,180AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$9,118NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.129414DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,980AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$4,954NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.399677DistributionYr5Rt
Total Distribution4.830035TotalDistributionRt
Average Distribution0.966007AverageDistributionRt
Net Vl Noncharitable Assets$25,606NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$24,736AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$24,736AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$33,630QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

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 SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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
Individual With BooksJEROLD ZAROIndividualWithBooksNm
Phone9736435785PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1ONE RIVERFRONT PLAZAAddressLine1Txt
CityNEWARKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07102ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LINDA WALLBERG
500 EAST 77TH STREET APT 1226NEW YORKNY10162TRUSTEE1.00$0$0$0
JEROLD L ZARO
25 STRATFORD ROADHARRISONNY10528TRUSTEE1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,996AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$25,996TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$25,996AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$390CashDeemedCharitableAmt
Net Vl Noncharitable Assets$25,606NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,280MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,280MinimumInvestmentReturnAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$1,280DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,280DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,280DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$33,630ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$33,630QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$33,630AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,280DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$1,732ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$724ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$29,010ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$35,886ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$44,997ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$112,349TotalExcessDistributionCyovAmt
Qualifying Distributions$33,630QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,280AppliedToCurrentYearAmt
Remaining Distri From Corpus$32,350RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$144,699TotalCorpusAmt
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$1,732ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$142,967ExcessDistriCyovToNextYrAmt
Excess From Year4$724ExcessFromYear4Amt
Excess From Year3$29,010ExcessFromYear3Amt
Excess From Year2$35,886ExcessFromYear2Amt
Excess From Year1$44,997ExcessFromYear1Amt
Excess From Current Year$32,350ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJEROLD L ZAROContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHABAD HOUSE-LUBAVITCH INC
170 COLLEGE AVENUENEW BRUNSWICKNJ08901NONEPUBLIC CHARITYUNRESTRICTED$1,000
CONGREGATION BETH SHOLOM
301 14TH AVENUESAN FRANCISCOCA94118NONEPUBLIC CHARITYUNRESTRICTED$1,000
CONGREGATION B'NAI AVRAHAM
117 REMSEN STREETBROOKLYNNY11201NONEPUBLIC CHARITYUNRESTRICTED$600
CONGREGATION SONS OF ISRAEL
1 POPLAR PLACEOCEANNJ07712NONEPUBLIC CHARITYUNRESTRICTED$10,000
ENGLEWOOD HOSPITAL AND MEDICAL CENTER FOUNDATION
350 ENGLE STREETENGLEWOODNJ07631NONEPUBLIC CHARITYUNRESTRICTED$15,000
JOAN DANCY & PALS FOUNDATION
1 RIVERVIEW PLAZA PO BOX 8157RED BANKNJ07701NONEPUBLIC CHARITYUNRESTRICTED$3,000
TEMPLE SHAARAY TEFILA
89 BALDWIN ROADBEDFORD CORNERSNY10549NONEPUBLIC CHARITYUNRESTRICTED$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$33,100TotalGrantOrContriPdDurYrAmt
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$22ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$22ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22TotalIncomeProducingActyAmt

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

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 ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
JEROLD ZARO
125 STRATFORD ROADHARRISONNY10528$20,000Yes (X)
EDYTHE ZARO
21500 PALISADES AVENUE APT 21DFORT LEENJ07024$20,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,000Amt
Net Investment Income$500NetInvestmentIncomeAmt
Disbursements Charitable Prps$500DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNJ REGISTRATION FEECategoryTxt
Amt$60Amt
Net Investment Income$30NetInvestmentIncomeAmt
Disbursements Charitable Prps$30DisbursementsCharitablePrpsAmt

Comments

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