BWETA FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BWETA FAMILY FOUNDATION (EIN 13-4020892)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-13
IRS object ID
201641349349100819
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)
Return2016-05-13T06:39:10-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11430 Broadway 7th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134020892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BWETA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBWETBusinessNameControlTxt
Phone2122211140PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J EZRA 131 MERCER STAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMIL EZRAPersonNm
Person TitleTrusteePersonTitleTxt
Signature2016-05-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBenjamin BergerPreparerPersonNm
PTINP00236799PTIN
Phone2122211140PhoneNum
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$983,776FMVAssetsEOYAmt
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$27,747DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,079DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$39,989NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$454,063GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$39,989CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$67,736TotalRevAndExpnssAmt
Total Net Invst Incm$64,068TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,580AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,290AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,290AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,001TaxesRevAndExpnssAmt
Taxes Net Invst Incm$651TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,272OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,022OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$12,853TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,963TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,540TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$75,389ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$75,389ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$88,242TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,963TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$77,929TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$20,506ExcessRevenueOverExpensesAmt
Net Investment Income$54,105NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,492CashBOYAmt
Cash EOY$10,680CashEOYAmt
Cash EOYFMV$10,680CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,822SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$233,285SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$233,285SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$816,792CorporateStockBOYAmt
Corporate Stock EOY$566,635CorporateStockEOYAmt
Corporate Stock EOYFMV$739,811CorporateStockEOYFMVAmt
Other Assets BOY$20,000OtherAssetsBOYAmt
Total Assets BOY$851,106TotalAssetsBOYAmt
Total Assets EOY$810,600TotalAssetsEOYAmt
Total Assets EOYFMV$983,776TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$851,106RetainedEarningBOYAmt
Retained Earning EOY$810,600RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$851,106TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$810,600TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$851,106TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$810,600TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$851,106TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$20,506ExcessRevenueOverExpensesAmt
Subtotal$830,600SubtotalAmt
Other Decreases$20,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$810,600TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
LPL 6896P2014-12-312015-12-04$128,781$123,270$5,511$5,511
LPL 6896P2007-07-312015-12-04$248,691$215,802$32,889$32,889
LPL 6896P2013-12-312015-11-27$75,002$75,002
Capital Gain Dividends$1,589
FieldValueIRS element (for citing)
Capital Gain Net Income$39,989CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$5,511NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$61,865AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,092,332NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05664DistributionYr1Rt
Adjusted Qlfy Distri Yr2$87,376AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,095,216NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.07978DistributionYr2Rt
Adjusted Qlfy Distri Yr3$54,072AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$179,296NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.30158DistributionYr3Rt
Adjusted Qlfy Distri Yr4$78,543AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$166,490NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.47176DistributionYr4Rt
Adjusted Qlfy Distri Yr5$54,996AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,134,525NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04848DistributionYr5Rt
Total Distribution0.958229TotalDistributionRt
Average Distribution0.191646AverageDistributionRt
Net Vl Noncharitable Assets$1,027,793NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$196,972AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$541NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$197,513AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$77,929QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,082InvestmentIncomeExciseTaxAmt
Subtotal$1,082SubtotalAmt
Tax Based On Investment Income$1,082TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$8EsPenaltyAmt
Tax Due$1,090TaxDueAmt

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 Line1BERNATH & ROSENBERG PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122211140PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11430 BROADWAY 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JAMIL EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$0
BENJAMIN JOSEPH EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$0
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$991,519AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$51,926AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,043,445TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,043,445AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,652CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,027,793NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,390MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,390MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,082TaxBasedOnInvestmentIncomeAmt
Total Tax$1,082TotalTaxAmt
Distributable Before Adj$50,308DistributableBeforeAdjAmt
Distributable Before Ded$50,308DistributableBeforeDedAmt
Distributable As Adjusted$50,308DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$77,929ExpensesAndContributionsAmt
Qualifying Distributions$77,929QualifyingDistributionsAmt
Adjusted Qualifying Distri$77,929AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,308DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$54,996ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$70,838ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$45,341ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$33,033ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,598ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$211,806TotalExcessDistributionCyovAmt
Qualifying Distributions$77,929QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$50,308AppliedToCurrentYearAmt
Remaining Distri From Corpus$27,621RemainingDistriFromCorpusAmt
Total Corpus$239,427TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$54,996ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$184,431ExcessDistriCyovToNextYrAmt
Excess From Year4$70,838ExcessFromYear4Amt
Excess From Year3$45,341ExcessFromYear3Amt
Excess From Year2$33,033ExcessFromYear2Amt
Excess From Year1$7,598ExcessFromYear1Amt
Excess From Current Year$27,621ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PARK AVENUE SYNAGOGUE
50 EAST 87TH STREETNEW YORKNY10128NONEEXEMPTCHARITABLE$7,513
VARIOUS charitable organizations
131 MERCER STNEW YORKNY10012NONEEXEMPTCHARITABLE$15,316
AMERICAN SEPHARDI FEDERATIONS
15 WEST 16TH STREETNEW YORKNY10011NONEEXEMPTCHARITABLE$3,000
DROR FOUNDATION
253 West 35th Street 15th FloorNEW YORKNY10001NONEEXEMPTCHARITABLE$36,000
Congregation Bene Naharayim
8534 Midland PkwyJamaicaNY11432NONEEXEMPTCHARITABLE$3,960
Babylonian Jewish Center
440 Great Neck RdGreat NeckNY11021NONEEXEMPTCHARITABLE$9,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$75,389TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,747ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$39,989ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$67,736ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$67,736TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$4,580Amt
Net Investment Income$2,290NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,290DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$20,000Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$347$347
FILING FEE$250$250
INVESTMENT & ADVISORY FEES$6,675$6,675

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
EXCISE TAX$350
FOREIGN TAXES$651$651

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