AOUNI FAKS FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-16
IRS object ID
201523209349103717
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)
Return2015-11-16T17:34:50-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453958606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHREIBER & CALVO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 HARBOR PARK DR NAddressLine1Txt
CityPORT WASHINGTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP110504658ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7188591110PhoneNum
Signature2015-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELVIN S SCHREIBER CPAPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
Preparation2015-11-16PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$600,898FMVAssetsEOYAmt
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$841InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$841InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$10,904DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10,904DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$344NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,997GrossSalesPriceAmt
Total Rev And Expnss$11,401TotalRevAndExpnssAmt
Total Net Invst Incm$11,745TotalNetInvstIncmAmt
Taxes Rev And Expnss$500TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$627TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$52,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$52,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$52,627TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$52,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$41,226ExcessRevenueOverExpensesAmt
Net Investment Income$11,618NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$436,730SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$384,913SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$384,913SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Stock EOY$13,178CorporateStockEOYAmt
Corporate Stock EOYFMV$13,240CorporateStockEOYFMVAmt
Corporate Bonds BOY$201,311CorporateBondsBOYAmt
Corporate Bonds EOY$211,902CorporateBondsEOYAmt
Corporate Bonds EOYFMV$202,745CorporateBondsEOYFMVAmt
Total Assets BOY$651,219TotalAssetsBOYAmt
Total Assets EOY$609,993TotalAssetsEOYAmt
Total Assets EOYFMV$600,898TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$651,219UnrestrictedBOYAmt
Unrestricted EOY$609,993UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$651,219TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$609,993TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$651,219TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$609,993TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$651,219TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$41,226ExcessRevenueOverExpensesAmt
Subtotal$609,993SubtotalAmt
Tot Net Ast Or Fund Balances EOY$609,993TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$14,997GrossSalesPriceAmt
Cost Or Other Basis$15,341CostOrOtherBasisAmt
Gain Or Loss-$344GainOrLossAmt
Gains Minus Excess Or Losses-$344GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$344CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$5,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$583,768NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.008565DistributionYr1Rt
Adjusted Qlfy Distri Yr2$15,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$527,301NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.029395DistributionYr2Rt
Adjusted Qlfy Distri Yr3$24,500AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$478,183NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.051236DistributionYr3Rt
Adjusted Qlfy Distri Yr4$15,700AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$440,724NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.035623DistributionYr4Rt
Adjusted Qlfy Distri Yr5$22,430AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$391,010NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.057364DistributionYr5Rt
Total Distribution0.182183TotalDistributionRt
Average Distribution0.036437AverageDistributionRt
Net Vl Noncharitable Assets$638,911NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$23,280AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$116NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$23,396AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$52,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$116InvestmentIncomeExciseTaxAmt
Subtotal$116SubtotalAmt
Tax Based On Investment Income$116TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$370EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$370TotalPaymentsAndCreditsAmt
Overpayment$254OverpaymentAmt
Applied To ES Tax$254AppliedToESTaxAmt

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
Individual With BooksDANIEL FAKSIndividualWithBooksNm
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11203ZIPCd
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
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
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203TREASURER0.00$0$0$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203VICE PRESIDE0.00$0$0$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203SECRETARY0.00$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$208,658AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$439,983AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$648,641TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$648,641AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,730CashDeemedCharitableAmt
Net Vl Noncharitable Assets$638,911NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,946MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,946MinimumInvestmentReturnAmt
Tax Based On Investment Income$116TaxBasedOnInvestmentIncomeAmt
Total Tax$116TotalTaxAmt
Distributable Before Adj$31,830DistributableBeforeAdjAmt
Distributable Before Ded$31,830DistributableBeforeDedAmt
Distributable As Adjusted$31,830DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$52,000ExpensesAndContributionsAmt
Qualifying Distributions$52,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$116PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$51,884AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,830DistributableAsAdjustedAmt
Undistributed Income PY$16,844UndistributedIncomePYAmt
Qualifying Distributions$52,000QualifyingDistributionsAmt
Applied To Year1$16,844AppliedToYear1Amt
Applied To Current Year$31,830AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,326RemainingDistriFromCorpusAmt
Total Corpus$3,326TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$3,326ExcessDistriCyovToNextYrAmt
Excess From Current Year$3,326ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
YESHIVA OF FLATBUSH
919 EAST 10TH STREETBROOKLYNNY11230PCHELP A SYNAGOGUE WITH ITS BUDGET$26,000
MAGEN DAVID YESHIVAH
2130 MCDONALD AVEBROOKLYNNY11223PCHELP A SYNAGOGUE WITH ITS BUDGET$26,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$52,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$841ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,904ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$344ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$11,401ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,401TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AMERICAN EXPRESS CO BOND$25,691$25,574
ANNALY CAPITAL MGMT$37,228$35,399
BARCLAYS BANK PLC$50,003$50,020
HILTON HOTEL CORP$45,677$44,868
HORNBECK OFFSHORE SVCS$43,063$35,987
JPMORGAN CHASE & CO NOTES$10,240$10,897
SASOL FING INTL PLC

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHSBC HLDGS PLCStockNm
EOY Book Value$13,178EOYBookValueAmt
EOYFMV$13,240EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSES$127$127

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAX ON INVESTMNT INCOMECategoryTxt
Amt$500Amt

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