ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-14
IRS object ID
201501349349101055
Schema version
2014v5.0
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)
Return2015-05-14T09:08:47-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200862506PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TATULLI & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11202 MEADE STAddressLine1Txt
CityDUNMORECityNm
State AbbreviationPAStateAbbreviationCd
ZIP185123171ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223642909EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlABRABusinessNameControlTxt
Phone9736443139PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07960ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDITH ABRAMSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9736443139PhoneNum
Signature2015-05-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVITO TATULLIPreparerPersonNm
PTINP00627362PTIN
Phone5702073345PhoneNum
Preparation2015-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,922FMVAssetsEOYAmt
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$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$49DividendsRevAndExpnssAmt
Dividends Net Invst Incm$49DividendsNetInvstIncmAmt
Dividends Adj Net Incm$49DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,397NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss-$3,347TotalRevAndExpnssAmt
Total Net Invst Incm$50TotalNetInvstIncmAmt
Total Adj Net Incm$50TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$491OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$491OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$491TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$491TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,491TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$491TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,838ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$50AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$6,624SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$475SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$475SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOYFMV$10CorporateStockEOYFMVAmt
Other Investments BOY$9,126OtherInvestmentsBOYAmt
Other Investments EOY$5,437OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,437OtherInvestmentsEOYFMVAmt
Total Assets BOY$15,750TotalAssetsBOYAmt
Total Assets EOY$5,912TotalAssetsEOYAmt
Total Assets EOYFMV$5,922TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$15,750RetainedEarningBOYAmt
Retained Earning EOY$5,912RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$15,750TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,912TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$15,750TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,912TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$15,750TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,838ExcessRevenueOverExpensesAmt
Subtotal$5,912SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,912TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$6,800AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$17,938NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.379084DistributionYr1Rt
Adjusted Qlfy Distri Yr2$9,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$12,601NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.714229DistributionYr2Rt
Adjusted Qlfy Distri Yr3$118,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$14,224NetVlNoncharitableAssetsYr3Amt
Distribution Yr38.330990DistributionYr3Rt
Adjusted Qlfy Distri Yr4$9,140AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$17,082NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.535066DistributionYr4Rt
Adjusted Qlfy Distri Yr5$35,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$27,291NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.282474DistributionYr5Rt
Total Distribution11.241843TotalDistributionRt
Average Distribution2.248369AverageDistributionRt
Net Vl Noncharitable Assets$14,067NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$31,628AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$31,628AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$1,616EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,616TotalPaymentsAndCreditsAmt
Overpayment$1,616OverpaymentAmt
Applied To ES Tax$1,616AppliedToESTaxAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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
Individual With BooksJUDITH ABRAMSIndividualWithBooksNm
Phone9736443139PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1Txt
CityMORRISTOWNCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07906ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

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
JUDITH ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960PRESIDENT /4.00$0$0$0
DOUGLAS ABRAMS
PO BOX 142ROSSCA94957VICE PRESIDE1.00$0$0$0
BRAD S ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960TREASURER1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$11AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,281AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$10,989FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$14,281TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$14,281AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$214CashDeemedCharitableAmt
Net Vl Noncharitable Assets$14,067NetVlNoncharitableAssetsAmt
Minimum Investment Return$703MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$703MinimumInvestmentReturnAmt
Distributable Before Adj$703DistributableBeforeAdjAmt
Distributable Before Ded$703DistributableBeforeDedAmt
Distributable As Adjusted$703DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,000ExpensesAndContributionsAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$703DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$33,635ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,286ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$117,791ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$8,380ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,906ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$173,998TotalExcessDistributionCyovAmt
Qualifying Distributions$6,000QualifyingDistributionsAmt
Applied To Current Year$703AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,297RemainingDistriFromCorpusAmt
Total Corpus$179,295TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$33,635ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$145,660ExcessDistriCyovToNextYrAmt
Excess From Year4$8,286ExcessFromYear4Amt
Excess From Year3$117,791ExcessFromYear3Amt
Excess From Year2$8,380ExcessFromYear2Amt
Excess From Year1$5,906ExcessFromYear1Amt
Excess From Current Year$5,297ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJUDITH ABRAMSContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ROSS SCHOOL FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 582AddressLine1Txt
CityROSSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94957ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501(C)(3)RecipientFoundationStatusTxt
Grant Or Contribution PurposeGENERAL ORGANIZATIONAL SUPPORTGrantOrContributionPurposeTxt
Amt$6,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$49ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$3,397RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$50ExclusionAmt
Related Or Exempt Function Incm-$3,397RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$3,347TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetWHITNEY STRATEGIC PARTNERSAssetDesc
Acquired2013-01AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2014-12SoldDt
Basis$3,397BasisAmt
Total Net-$3,397TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILL LYNCH 04281StockNm
EOYFMV$10EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemWHITNEY STRATEGIC PARTNERSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$5,437BookValueAmt
EOYFMV$5,437EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MERRILL LYNCH ANNUAL FEE$150$150
WHITNEY PTRS IV, LP - K1 FLOW$341$341

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