BETA

CORWIN FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CORWIN FAMILY FOUNDATION (EIN 95-4076122)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-12
IRS object ID
201531329349100128
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)
Return2015-05-12T12:13:59-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN412119150PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK CTAddressLine1Txt
CityLAKE SHERWOODCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913615145ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954076122EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORWIN FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCORWBusinessNameControlTxt
Phone3108582800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRIVEAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTONI CORWINPersonNm
Person TitleMANAGERPersonTitleTxt
Phone3108582800PhoneNum
Signature2015-05-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT J FOGELMANPreparerPersonNm
PTINP00070738PTIN
Phone8054978760PhoneNum
Preparation2015-05-07PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$1,470,707FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$25,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$881InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$881InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$26,937DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,937DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$147,377NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$616,630GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$147,377CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$200,195TotalRevAndExpnssAmt
Total Net Invst Incm$175,195TotalNetInvstIncmAmt
Taxes Rev And Expnss$4,948TaxesRevAndExpnssAmt
Taxes Net Invst Incm$38TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,038OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,978OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$12,986TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8,016TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$277,851ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$277,851ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$290,837TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8,016TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$277,851TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$90,642ExcessRevenueOverExpensesAmt
Net Investment Income$167,179NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$30,431CashBOYAmt
Cash EOY$12,621CashEOYAmt
Cash EOYFMV$12,620CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,270,537SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,197,705SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,458,087SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$1,300,968TotalAssetsBOYAmt
Total Assets EOY$1,210,326TotalAssetsEOYAmt
Total Assets EOYFMV$1,470,707TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,300,968UnrestrictedBOYAmt
Unrestricted EOY$1,210,326UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,300,968TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,210,326TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,300,968TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,210,326TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,300,968TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$90,642ExcessRevenueOverExpensesAmt
Subtotal$1,210,326SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,210,326TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertySECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2000-01-01AcquiredDt
Sold2014-12-31SoldDt
Gross Sales Price$616,630GrossSalesPriceAmt
Cost Or Other Basis$469,253CostOrOtherBasisAmt
Gain Or Loss$147,377GainOrLossAmt
Gains Minus Excess Or Losses$147,377GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$147,377CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$224,996AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,628,261NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.138182DistributionYr1Rt
Adjusted Qlfy Distri Yr2$296,331AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,641,924NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.180478DistributionYr2Rt
Adjusted Qlfy Distri Yr3$252,718AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,741,662NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.145102DistributionYr3Rt
Adjusted Qlfy Distri Yr4$240,880AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,817,777NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.132514DistributionYr4Rt
Adjusted Qlfy Distri Yr5$259,088AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,824,746NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.141986DistributionYr5Rt
Total Distribution0.738262TotalDistributionRt
Average Distribution0.147652AverageDistributionRt
Net Vl Noncharitable Assets$1,589,261NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$234,658AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,672NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$236,330AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$277,851QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$1,672InvestmentIncomeExciseTaxAmt
Subtotal$1,672SubtotalAmt
Tax Based On Investment Income$1,672TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$4,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$4,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$1EsPenaltyAmt
Overpayment$2,327OverpaymentAmt
Applied To ES Tax$2,327AppliedToESTaxAmt

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
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ROBERT J FOGELMAN CPABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8054978760PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1279 STONECREEK COURTAddressLine1Txt
CityTHOUSAND OAKSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913615145ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
BRUCE CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR0.00$0$0$0
TONI CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR0.00$0$0$0
DAVID CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR0.00$0$0$0
DANIEL CORWIN
708 N SIERRA DRIVEBEVERLY HILLSCA90210DIRECTOR0.00$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$1,594,406AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$19,057AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,613,463TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,613,463AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,202CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,589,261NetVlNoncharitableAssetsAmt
Minimum Investment Return$79,463MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$79,463MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,672TaxBasedOnInvestmentIncomeAmt
Total Tax$1,672TotalTaxAmt
Distributable Before Adj$77,791DistributableBeforeAdjAmt
Distributable Before Ded$77,791DistributableBeforeDedAmt
Distributable As Adjusted$77,791DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$277,851ExpensesAndContributionsAmt
Qualifying Distributions$277,851QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1,672PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$276,179AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$77,791DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$168,975ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$151,120ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$166,521ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$216,727ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$147,302ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$850,645TotalExcessDistributionCyovAmt
Qualifying Distributions$277,851QualifyingDistributionsAmt
Applied To Current Year$77,791AppliedToCurrentYearAmt
Remaining Distri From Corpus$200,060RemainingDistriFromCorpusAmt
Total Corpus$1,050,705TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$168,975ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$881,730ExcessDistriCyovToNextYrAmt
Excess From Year4$151,120ExcessFromYear4Amt
Excess From Year3$166,521ExcessFromYear3Amt
Excess From Year2$216,727ExcessFromYear2Amt
Excess From Year1$147,302ExcessFromYear1Amt
Excess From Current Year$200,060ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED SCHEDULEBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Grant Or Contribution PurposeTO FURTHER THE EXEMPT PURPOSEGrantOrContributionPurposeTxt
Amt$277,851Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$277,851TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$881ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,937ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$147,377ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$175,195ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$175,195TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonBRUCE CORWINContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1708 N SIERRA DRIVEAddressLine1Txt
CityBEVERLY HILLSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90210ZIPCd
FieldValueIRS element (for citing)
Total Contributions$25,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT COSTS$7,978$7,978
OFFICE EXPENSE$60

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN INCOME TAX$38$38
FEDERAL INCOME TAX$4,900
STATE INCOME TAX$10

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