EDUCATIONAL SUPPORT FOUNDATION INC: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATIONAL SUPPORT FOUNDATION INC (EIN 13-6159760)
- Tax period
- 2013-06-01 to 2014-05-31
- Filed
- 2015-04-01
- IRS object ID
- 201530919349100508
- 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
- Form 990-PF
- Schedule B
- Depreciation Schedule
- General Explanation Attachment
- Investments Land Schedule2
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-04-01T11:39:13-05:00 | ReturnTs |
| Tax Period End | 2014-05-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 133094254 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBINS & ASSOCIATES LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 EXECUTIVE BOULEVARD SUITE 202 | AddressLine1 |
| City | SUFFERN | City |
| State | NY | State |
| ZIP Code | 10901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-06-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 136159760 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCATIONAL SUPPORT FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | EDUC | BusinessNameControlTxt |
| Phone | 7188377700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEON SCHARF | PersonNm |
| Person Title | MANAGER | PersonTitleTxt |
| Phone | 7188377700 | PhoneNum |
| Signature | 2015-04-01 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALFRED I SCHERZER | PreparerPersonNm |
| PTIN | P00155678 | PTIN |
| Phone | 8455472230 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $24,192,939 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,205,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,113,792 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,113,792 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $73,129 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $73,129 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $9,314 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $338,555 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $6,935,930 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $338,555 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $916,212 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $916,212 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,646,688 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,441,688 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $7,196 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $7,196 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $95,417 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $95,417 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $35,285 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $674 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $674 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $12,385 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $9,908 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $2,477 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $81,127 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $79,868 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,259 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $232,084 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $193,063 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $3,736 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,155,236 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,155,236 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,387,320 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $193,063 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,158,972 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $2,259,368 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,248,625 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $69,787 | CashBOYAmt |
| Cash EOY | $888,083 | CashEOYAmt |
| Cash EOYFMV | $888,083 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $270,089 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $12,329 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $12,329 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $9,250,000 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $2,820,000 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $9,250,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $9,250,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Invst Land Cost Or Other Basis | $18,524 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $9,715 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $9,483 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $8,809 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $8,809 | LandBldgInvestmentsEOYFMVAmt |
| Mortgage Loans BOY | $1,298,858 | MortgageLoansBOYAmt |
| Mortgage Loans EOY | $1,257,159 | MortgageLoansEOYAmt |
| Mortgage Loans EOYFMV | $1,257,159 | MortgageLoansEOYFMVAmt |
| Other Investments BOY | $17,004,375 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $12,206,159 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $12,776,559 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $21,472,592 | TotalAssetsBOYAmt |
| Total Assets EOY | $23,622,539 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $24,192,939 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $201,245 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $9,739 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $333,386 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $378,668 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $534,631 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $388,407 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $20,937,961 | RetainedEarningBOYAmt |
| Retained Earning EOY | $23,234,132 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,937,961 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $23,234,132 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,472,592 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $23,622,539 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,937,961 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $2,259,368 | ExcessRevenueOverExpensesAmt |
| Other Increases | $36,803 | OtherIncreasesAmt |
| Subtotal | $23,234,132 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $23,234,132 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| SEE SCHEDULE | P | $16,980 | $12,262 | $4,718 | $4,718 |
| SCHEDULE AVAILABLE | P | $500,028 | $527,435 | -$27,407 | -$27,407 |
| SCHEDULE AVAILABLE | P | $8,861 | $7,351 | $1,510 | $1,510 |
| SCHEDULE AVAILABLE | P | $80,918 | $80,094 | $824 | $824 |
| SCHEDULE AVAILABLE | P | $5,444,203 | $5,085,070 | $359,133 | $359,133 |
| SCHEDULE AVAILABLE | P | $861,913 | $870,649 | -$8,736 | -$8,736 |
| SCHEDULE AVAILABLE | P | $17,129 | $14,514 | $2,615 | $2,615 |
| CAPITAL GAINS DIVIDENDS | P | $5,898 | $5,898 | $5,898 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $338,555 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,102,156 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $21,880,135 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.141780 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,661,379 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $21,835,038 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.121886 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,454,472 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $24,026,609 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.060536 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $778,253 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $20,425,200 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.038103 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $925,058 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $17,503,774 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.052849 | DistributionYr5Rt |
| Total Distribution | 0.415154 | TotalDistributionRt |
| Average Distribution | 0.083031 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $23,217,862 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,927,802 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $22,486 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,950,288 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,158,972 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $44,973 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $44,973 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $44,973 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $39,694 | EstimatedPlusOvpmtIncmTxAmt |
| Applied To Es Tax | $25,000 | AppliedToEsTaxAmt |
| Total Payments And Credits | $64,694 | TotalPaymentsAndCreditsAmt |
| Overpayment | $19,721 | OverpaymentAmt |
| Applied To ES Tax | $19,721 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | LEON SCHARF | IndividualWithBooksNm |
| Phone | 2128666008 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 WEST END AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10025 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEON IRENE SCHARF | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | MANAGERS | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 0.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $13,537,780 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $620,144 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,413,509 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $23,571,433 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $23,571,433 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $353,571 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $23,217,862 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,160,893 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,160,893 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $44,973 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $44,973 | TotalTaxAmt |
| Distributable Before Adj | $1,115,920 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,115,920 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,115,920 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,158,972 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,158,972 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,158,972 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,115,920 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $4,006 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr3 | $289,814 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,608,571 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,063,119 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,965,510 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,158,972 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,115,920 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $43,052 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,008,562 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $4,006 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $4,004,556 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $289,814 | ExcessFromYear3Amt |
| Excess From Year2 | $1,608,571 | ExcessFromYear2Amt |
| Excess From Year1 | $2,063,119 | ExcessFromYear1Amt |
| Excess From Current Year | $43,052 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | LEON IRENE SCHARF | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONTRIBUTIONS OF 1155236 DETAILS AVAILABLE UPON REQUEST AT | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1659 58TH STREET | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Or Contribution Purpose | ADVANCEMENT OF EDUCATION AND ASSISTANCE TO NEEDY | GrantOrContributionPurposeTxt |
| Amt | $1,155,236 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,155,236 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,113,792 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $9,314 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $916,212 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $338,555 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,377,873 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,377,873 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1 | CityContributorUSAddress/City | StateContributorUSAddress/State | ZIP CodeContributorUSAddress/ZIPCode | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| NEW FORDHAM ASSISTED LIVING | ||||||
| 1 | 3839 FLATLANDS AVE | BROOKLYN | NY | 11219 | $25,000 | Yes (X) |
| FRANCONIA FOUNDATION INC | ||||||
| 2 | 3839 FLATLANDS AVE | BROOKLYN | NY | 11234 | $55,000 | Yes (X) |
| IS-MS ASSOCIATES LLC | ||||||
| 3 | 1575 50TH STREET | BROOKLYN | NY | 11219 | $1,000,000 | Yes (X) |
| EMES FOUNDATION INC | ||||||
| 4 | 1575 50TH STREET | BROOKLYN | NY | 11219 | $100,000 | Yes (X) |
| HARBOR TERRACE ASSISTED LIVING | ||||||
| 5 | 110 HENDERSON AVE | STATEN ISLAND | NY | 10301 | $25,000 | Yes (X) |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | COOP APTS, 890 WEST END AVE, NY, NY | PropertyDesc |
| Acquired | 2000-05-01 | AcquiredDt |
| Cost Or Other Basis | $18,524 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $9,041 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 27.500000000000 | LifeRt |
| Current Year Expense | $674 | CurrentYearExpenseAmt |
| Net Investment Income | $674 | NetInvestmentIncomeAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV | FormAndLineReferenceDesc |
| Medium Explanation | PART IVREALIZED GAIN ON INSTALLMENT SALEPROPERTY ACQUIRED BY DONATION 5/90PROPERTY SOLD 4/1/93GROSS PROFIT % 27.78345PRINCIPAL PAYMENTS COLLECTED IN FISCAL YEAR $16.980REALIZED GAIN $4,718 | MediumExplanationTxt |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | COOP APTS, 890 WEST END AVE, NY, NY | CategoryOrItemTxt |
| Cost Or Other Basis | $18,524 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $9,715 | AccumulatedDepreciationAmt |
| Book Value | $8,809 | BookValueAmt |
| EOYFMV | $8,809 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| PARTNERSHIP INTERESTS | AT COST | $1,156,610 | $1,500,000 |
| OTHER SECURITIES | FMV | $10,770,231 | $11,075,559 |
| PRECIOUS METAL | AT COST | $279,318 | $201,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp (2 entries)
| CategoryCategoryTxt | Legal FeesLegalFeesAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LEGAL | $3,472 | $3,472 | $0 |
| LEGAL | $3,724 | $3,724 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADMINISTRATIVE EXPENSE | $6,000 | $4,800 | $1,200 |
| ADVERTISING | $59 | $0 | $59 |
| ADVISORY FEES | $14,345 | $14,345 | $0 |
| TRANSACTION FEES | $392 | $392 | $0 |
| MISCELLANEOUS | $654 | $654 | $0 |
| BANK CHARGES | $260 | $260 | $0 |
| CO-OP MAINTENANCE | $58,111 | $58,111 | $0 |
| INSURANCE | $1,194 | $1,194 | $0 |
| REPAIRS & MAINTENANCE | $112 | $112 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| MORTGAGE INTEREST - LHF ASSOCIATES | $148,686 | $148,686 | $148,686 |
| OTHER INCOME (LOSS) | -$15,376 | -$15,376 | -$15,376 |
| INTEREST INCOME-325 RIVERSIDE | $124 | $124 | $124 |
| INTEREST INC - DENSCO CORP | $252,603 | $252,603 | $252,603 |
| INTEREST INC - ABE KATZ | $2,660 | $2,660 | $2,660 |
| MORTGAGE INTEREST INCOME | $527,515 | $527,515 | $527,515 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DIFF. BETWEEN FMV AND BOOK VALUE-DONATED SECURITIES | Description |
| Amount | $36,803 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED SALE ON INSTALLMENT SALE | $333,386 | $328,668 |
| PARTICIPATION PAYABLE | $0 | $50,000 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode |
|---|---|---|---|
| WEINREB MANAGEMENT | |||
| 276 RIVERSIDE DRIVE | NEW YORK | NY | 10025 |
| LEON SCHARF | |||
| 1659 58TH STREET | BROOKLYN | NY | 11204 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL INCOME TAX | CategoryTxt |
| Amt | $35,285 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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