THE LAWRENCE & ANNE FRISMAN FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE LAWRENCE & ANNE FRISMAN FOUNDATION INC (EIN 13-3339955)
Tax period
2013-12-01 to 2014-11-30
Filed
2015-11-20
IRS object ID
201513249349100301
Schema version
2013v4.0
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)
Return2015-11-20T10:13:46-06:00ReturnTs
Tax Period End2014-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1IAT RE LTDBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line148 WALL STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10005ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133339955EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAWRENCE & ANNE FRISMAN FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% LAWRENCE FRISMANInCareOfNm
Business Name ControlLAWRBusinessNameControlTxt
Phone5613476672PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line17533 ISLA VERDE WAYAddressLine1
CityDELRAY BEACHCity
StateFLState
ZIP Code33446ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLARRY FRISMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5617162290PhoneNum
Signature2015-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL PICKETTPreparerPersonNm
PTINP01208263PTIN
Phone5617162290PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,843,885FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$31,873DividendsRevAndExpnssAmt
Dividends Net Invst Incm$31,873DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$82,858NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$471,258GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$82,858CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$114,731TotalRevAndExpnssAmt
Total Net Invst Incm$114,731TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$8,704OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$8,704OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,189TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$730OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$730OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$11,623TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,434TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$85,790ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$85,790ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$97,413TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,434TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$85,790TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$17,318ExcessRevenueOverExpensesAmt
Net Investment Income$105,297NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$108,298SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$81,611SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$81,611SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,263,471CorporateStockBOYAmt
Corporate Stock EOY$1,327,994CorporateStockEOYAmt
Corporate Stock EOYFMV$1,762,274CorporateStockEOYFMVAmt
Corporate Bonds BOY$0CorporateBondsBOYAmt
Other Assets BOY$20,518OtherAssetsBOYAmt
Total Assets BOY$1,392,287TotalAssetsBOYAmt
Total Assets EOY$1,409,605TotalAssetsEOYAmt
Total Assets EOYFMV$1,843,885TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,516,300CapitalStockBOYAmt
Capital Stock EOY$1,516,300CapitalStockEOYAmt
Retained Earning BOY-$124,013RetainedEarningBOYAmt
Retained Earning EOY-$106,695RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,392,287TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,409,605TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,392,287TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,409,605TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,392,287TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$17,318ExcessRevenueOverExpensesAmt
Subtotal$1,409,605SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,409,605TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$82,858CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$83,543AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,585,072NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.052706DistributionYr1Rt
Adjusted Qlfy Distri Yr2$80,835AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,509,215NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.053561DistributionYr2Rt
Adjusted Qlfy Distri Yr3$74,972AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,560,881NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.048032DistributionYr3Rt
Adjusted Qlfy Distri Yr4$77,323AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,515,679NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.051015DistributionYr4Rt
Adjusted Qlfy Distri Yr5$114,701AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,440,414NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.079631DistributionYr5Rt
Total Distribution0.284945TotalDistributionRt
Average Distribution0.056989AverageDistributionRt
Net Vl Noncharitable Assets$1,765,455NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$100,612AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,053NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$101,665AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$85,790QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,106InvestmentIncomeExciseTaxAmt
Subtotal$2,106SubtotalAmt
Tax Based On Investment Income$2,106TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$49EsPenaltyAmt
Tax Due$2,155TaxDueAmt

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
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1LAWRENCE FRISMANBusinessNameLine1
FieldValueIRS element (for citing)
Phone5613621073PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line17533 ISLA VERDE WAYAddressLine1
CityDELRAY BEACHCity
StateFLState
ZIP Code33446ZIPCode

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
Relying Current Ntc Dsstr AsstYes (X)RelyingCurrentNtcDsstrAsstInd
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
Relying Current Ntc Dsstr Asst1Yes (X)RelyingCurrentNtcDsstrAsst1Ind
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
LAWRENCE FRISMAN
7533 ISLA VERDE WAYDELRAY BEACHFL33446PRESIDENT0$0$0$0
KENNETH FRISMAN
7533 ISLA VERDE WAYDELRAY BEACHFL33446SECRETARY0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NOT APPLICABLEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,704,036AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$88,304AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,792,340TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,792,340AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$26,885CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,765,455NetVlNoncharitableAssetsAmt
Minimum Investment Return$88,273MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$88,273MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,106TaxBasedOnInvestmentIncomeAmt
Total Tax$2,106TotalTaxAmt
Distributable Before Adj$86,167DistributableBeforeAdjAmt
Distributable Before Ded$86,167DistributableBeforeDedAmt
Distributable As Adjusted$86,167DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$85,790ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$85,790QualifyingDistributionsAmt
Adjusted Qualifying Distri$85,790AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$86,167DistributableAsAdjustedAmt
Undistributed Income PY$32,124UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$85,790QualifyingDistributionsAmt
Applied To Year1$32,124AppliedToYear1Amt
Applied To Current Year$53,666AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$32,501UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLAWRENCE FRISMANContributingManagerNm
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 Line1LIST AVAILABLEBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line17533 ILSA VERDE WAYAddressLine1
CityDELRAY BEACHCity
StateFLState
ZIP Code33446ZIPCode
FieldValueIRS element (for citing)
Grant Or Contribution PurposeTO FULFILL ITS CHARITABLE FUNCTIONSGrantOrContributionPurposeTxt
Amt$85,790Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$85,790TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$31,873ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$82,858ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$114,731ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$114,731TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondSEE ATTACHED SCHEDULEBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockDOMESTIC EQUITIES THRU BEACONStockNm
EOY Book Value$1,327,994EOYBookValueAmt
EOYFMV$1,762,274EOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescACCRUED INCOME RECEIVABLEDesc
BOY Book Value$20,518BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Revenue And Expenses Per Books$730RevenueAndExpensesPerBooksAmt
Net Investment Income$730NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescFEDERAL EXCISE TAX REFUNDDesc

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT ADVISORY FEE- BEACOCategoryTxt
Amt$8,704Amt
Net Investment Income$8,704NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$2,189Amt

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