DAI VERNON FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
DAI VERNON FOUNDATION INC (EIN 45-5148864)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-06-14
IRS object ID
201641669349100504
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)
Return2016-06-14T11:49:31-07:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GREGORY FILLAS & BUSCHAUER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1150 S LOS ROBLES AVE STE 860AddressLine1Txt
CityPASADENACityNm
State AbbreviationCAStateAbbreviationCd
ZIP911014628ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455148864EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Dai Vernon Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDAIVBusinessNameControlTxt
Phone8185061138PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111333 Moorpark StreetAddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJoan LawtonPersonNm
Person TitleCEOPersonTitleTxt
Signature2016-06-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTracy Fillas CPAPreparerPersonNm
PTINP00075814PTIN
Phone6265680915PhoneNum
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$40,210FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$7,071ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$24InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$24InterestOnSavNetInvstIncmAmt
Other Income Rev And Expnss$7,097OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$14,192TotalRevAndExpnssAmt
Total Net Invst Incm$24TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,480AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,044AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$2,436AccountingFeesChrtblPrpsAmt
Trav Conf Meeting Rev And Expnss$1,160TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$1,160TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$7,970OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$112OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$2,353OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$12,610TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,156TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$5,949TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,715ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,715ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,325TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,156TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$11,664TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$4,133ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,287CashBOYAmt
Cash EOY$205CashEOYAmt
Cash EOYFMV$205CashEOYFMVAmt
Sav And Temp Cash Invst BOY$36,084SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$33,033SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$33,033SavAndTempCashInvstEOYFMVAmt
Inventories BOY$6,972InventoriesBOYAmt
Inventories EOY$6,972InventoriesEOYAmt
Inventories EOYFMV$6,972InventoriesEOYFMVAmt
Total Assets BOY$44,343TotalAssetsBOYAmt
Total Assets EOY$40,210TotalAssetsEOYAmt
Total Assets EOYFMV$40,210TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$44,343CapitalStockBOYAmt
Capital Stock EOY$40,210CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$44,343TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$40,210TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$44,343TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$40,210TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$44,343TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$4,133ExcessRevenueOverExpensesAmt
Subtotal$40,210SubtotalAmt
Tot Net Ast Or Fund Balances EOY$40,210TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$7,726AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$22,921AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$35,486NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.64592DistributionYr2Rt
Total Distribution0.64592TotalDistributionRt
Average Distribution0.32296AverageDistributionRt
Adj Nonchrtbl Net Invst Incm Pct$0AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$11,664QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website Addresswww.daivernonfoundation.comWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Joan LawtonBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8185061138PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14103 Elmer AveAddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
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
Joan Lawton
4103 Elmer AveStudio CityCA91602CEO5.00$0
John Lovick
3946 1/2 Fredonia DrLos AngelesCA90068Secretary5.00$0
Joan Lawton
4103 Elmer AveStudio CityCA91602CFO5.00$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)
Description1DAI VERNON FOUNDATION GIVES GRANTS TO MAGICIANS IN DEVASTATING FINANCIAL NEED, USUALLY DUE TO HEALTH. DURING 2014 TAX YEAR THE FOUNDATION GAVE GRANTS TO FOUR RECEIPIENTS LISTED IN STATEMENT 5.Description1Txt
Expenses1$4,000Expenses1Amt
Description2DAI VERNON FOUNTATION GIVES SCHOLARSHIPS TO YOUNG MAGICIANS WHO ARE INTERESTED IN THE MAGIC ART AND HAVE FINANCIAL NEEDS TO LEARN OR IMPROVE THEIR SKILS.Description2Txt
Expenses2$1,715Expenses2Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$11,664ExpensesAndContributionsAmt
Qualifying Distributions$11,664QualifyingDistributionsAmt
Adjusted Qualifying Distri$11,664AdjustedQualifyingDistriAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$11,664CurrentYearAmt
Year1$7,726Year1Amt
Total$19,390TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$11,664CurrentYearAmt
Year1$7,726Year1Amt
Total$19,390TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Current Year$40,211CurrentYearAmt
Year1$44,343Year1Amt
Total$84,554TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Current Year$40,211CurrentYearAmt
Year1$44,343Year1Amt
Total$84,554TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonDai Vernon Foundation IncRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111333 Moorpark Street 22AddressLine1Txt
CityStudio CityCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91602ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8185061138RecipientPhoneNum
Recipient Email Addressmagicjoan@aol.comRecipientEmailAddressTxt
Form And Info And MaterialsApplications should be submitted by email with supporting documents that relate to applicant's condition.FormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsPotential recipient must be involved in the magic world.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Kerry Ross
PO Box 800330Santa ClaritaCA91380NONEGive grants to magicians in devastaiting financial need, usually due to health.$1,000
Steve Reynolds
761 Oakwood DriveGretnaLA70056NONEGive grants to magicians in devastaiting financial need, usually due to health.$1,000
Tevell Rose
5082 N Lincoln AvenueChicagoIL60625NONEGive grants to magicians in devastaiting financial need, usually due to health.$1,000
Dean Dill
2130 No Fair Park Ave 110Eagle RockCA90041NONEGive grants to magicians in devastaiting financial need, usually due to health.$1,000
Louis Tannen Inc Tannens Magic Camp
45 W 34th Street 608New YorkNY10001NONEScholarship for a young magician to go to 2015 magic camp in New York.$1,715
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,715TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24ExclusionAmt

Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp

FieldValueIRS element (for citing)
Exclusion3ExclusionCd
Exclusion$1,592ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescSale of Raffle TicketsDesc
Business900099BusinessCd
Exclusion3ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,616ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,616TotalIncomeProducingActyAmt

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$3,480Amt
Net Investment Income$1,044NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,436DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
2014 CLOSE-UP MAGICIAN OF THE YEAR AWARD$1,000$1,000
ADVERTISING$1,000$1,000
BANK FEES & CHARGES$33$21$12
FILING FEES - SOS$60$60
OFFICE EXPENSES$300$200$100
PO BOX RENTAL$72$72
Special Event Expenses$5,505

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescIncome From Special EventsDesc
Revenue And Expenses Per Books$7,097RevenueAndExpensesPerBooksAmt

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