BETA

BETTY & NORMAN F LEVY FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
BETTY & NORMAN F LEVY FOUNDATION INC (EIN 13-2553674)
Tax period
2013-10-01 to 2014-09-30
Filed
2015-02-10
IRS object ID
201520419349100007
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)
Return2015-02-10T13:46:54-06:00ReturnTs
Tax Period End2014-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WITHUMSMITHBROWN PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11411 BROADWAY 9TH FLOORAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN132553674EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE BETTY & NORMAN F LEVY FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of% FRANCIS LEVYInCareOfNm
Business Name ControlBETTBusinessNameControlTxt
Phone2127519100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWNPC1411 BDWYAddressLine1
Address Line2Suite 9TH FLAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonFRANCIS N LEVYPersonNm
Person TitleCO-PRESPersonTitleTxt
Phone2127519100PhoneNum
Signature2015-01-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT DEMMETT CPAPreparerPersonNm
PTINP00103809PTIN
Phone2127519100PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$804,083FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$129InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$129InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$129TotalRevAndExpnssAmt
Total Net Invst Incm$129TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$3,947AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,974AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$1,973AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$335TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,532TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,974TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,223TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$542,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$542,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$546,532TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,974TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$544,223TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$546,403ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,350,161CashBOYAmt
Cash EOY$803,758CashEOYAmt
Cash EOYFMV$803,758CashEOYFMVAmt
Other Assets BOY$325OtherAssetsBOYAmt
Other Assets EOY$325OtherAssetsEOYAmt
Other Assets EOYFMV$325OtherAssetsEOYFMVAmt
Total Assets BOY$1,350,486TotalAssetsBOYAmt
Total Assets EOY$804,083TotalAssetsEOYAmt
Total Assets EOYFMV$804,083TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$1,350,486CapitalStockBOYAmt
Capital Stock EOY$804,083CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,350,486TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$804,083TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,350,486TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$804,083TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,350,486TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$546,403ExcessRevenueOverExpensesAmt
Subtotal$804,083SubtotalAmt
Tot Net Ast Or Fund Balances EOY$804,083TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$10,851AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$790,787NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.013722DistributionYr1Rt
Adjusted Qlfy Distri Yr2$0AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$2,295,373NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.0DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$2,094,299NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$50,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,289,214NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.038783DistributionYr4Rt
Adjusted Qlfy Distri Yr5$4,775,511AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,014,834NetVlNoncharitableAssetsYr5Amt
Distribution Yr54.705707DistributionYr5Rt
Total Distribution4.758212TotalDistributionRt
Average Distribution0.951642AverageDistributionRt
Net Vl Noncharitable Assets$838,621NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$798,067AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$798,067AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$544,223QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

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 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 Line1FRANCIS LEVYBusinessNameLine1
FieldValueIRS element (for citing)
Phone2127519100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O WITHUMSMITHBROWN PC1411 BDWYAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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 (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
FRANCIS N LEVY
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR0$0$0$0
JEANE LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018CO-PRES/DIRECTOR0$0$0$0
HALLIE D COHEN
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018SECTY/TREASURER/DIRECTOR0$0$0$0
KENNETH LEVY CHURCH
C/O WSBPC 1411 BROADWAY 9TH FLNEW YORKNY10018VP/DIRECTOR0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$851,067AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$325FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$851,392TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$851,392AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,771CashDeemedCharitableAmt
Net Vl Noncharitable Assets$838,621NetVlNoncharitableAssetsAmt
Minimum Investment Return$41,931MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$41,931MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$41,931DistributableBeforeAdjAmt
Distributable Before Ded$41,931DistributableBeforeDedAmt
Distributable As Adjusted$41,931DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$544,223ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$544,223QualifyingDistributionsAmt
Adjusted Qualifying Distri$544,223AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$41,931DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$4,724,769ExcessDistributionCyovYr5Amt
Total Excess Distribution Cyov$4,724,769TotalExcessDistributionCyovAmt
Qualifying Distributions$544,223QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$41,931AppliedToCurrentYearAmt
Remaining Distri From Corpus$502,292RemainingDistriFromCorpusAmt
Total Corpus$5,227,061TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,724,769ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$502,292ExcessDistriCyovToNextYrAmt
Excess From Current Year$502,292ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2
CENTER FOR SPECIAL STUDIES
525 EAST 68TH STREETNEW YORKNY10065NONEPCUNRESTRICTED$250,000
MARYMOUNT MANHATTAN COLLEGE
221 EAST 71ST STREETNEW YORKNY10021NONEPCUNRESTRICTED$140,000
STARLIGHT CHILDREN'S FOUNDATION
1560 BROADWAYNEW YORKNY10036NONEPCUNRESTRICTED$100,000SUITE 600
MUSEUM AT ELDRIDGE STREET
12 ELDRIDGE STREETNEW YORKNY10002NONEPCUNRESTRICTED$50,000
CATHOLIC RELIEF SERVICES
PO BOX 17090BALTIMOREMD212970303NONEPCUNRESTRICTED$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$542,000TotalGrantOrContriPdDurYrAmt

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
Exclusion$129ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
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 InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$129ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$129TotalIncomeProducingActyAmt

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)
CategoryACCOUNTANT/BOOKEEPING FEESCategoryTxt
Amt$3,947Amt
Net Investment Income$1,974NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,973DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescORGANIZATIONAL EXPENSEDesc
BOY Book Value$325BOYBookValueAmt
EOY Book Value$325EOYBookValueAmt
EOYFMV$325EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescNYS DEPARTMENT OF LAWDesc
Revenue And Expenses Per Books$250RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$250DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$335Amt

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