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SHASHOUA FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SHASHOUA FAMILY FOUNDATION (EIN 22-3603187)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-14
IRS object ID
201541349349102154
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)
Return2015-05-14T11:05:57-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11430 Broadway 7th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223603187EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SHASHOUA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHASBusinessNameControlTxt
Phone2019301120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line176 BLUEBERRY DRIVEAddressLine1Txt
CityWOODCLIFF LAKECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07677ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKAMIL SHASHOUAPersonNm
Person TitleTrusteePersonTitleTxt
Signature2015-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBenjamin BergerPreparerPersonNm
PTINP00236799PTIN
Phone2122211140PhoneNum
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$698,088FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$13,607DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,607DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$61,715NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$152,615GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$61,715CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$75,322TotalRevAndExpnssAmt
Total Net Invst Incm$75,322TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,275AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,275AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$483TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$9,607OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9,552OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$55OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$12,365TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,552TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,330TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$63,981ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$63,981ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,346TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,552TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$66,311TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,024ExcessRevenueOverExpensesAmt
Net Investment Income$65,770NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,356CashBOYAmt
Cash EOY$13,563CashEOYAmt
Cash EOYFMV$13,563CashEOYFMVAmt
Sav And Temp Cash Invst BOY$10,977SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,462SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,462SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$443,026CorporateStockBOYAmt
Corporate Stock EOY$431,993CorporateStockEOYAmt
Corporate Stock EOYFMV$673,063CorporateStockEOYFMVAmt
Total Assets BOY$459,359TotalAssetsBOYAmt
Total Assets EOY$457,018TotalAssetsEOYAmt
Total Assets EOYFMV$698,088TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,600OtherLiabilitiesBOYAmt
Total Liabilities BOY$1,600TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$457,759RetainedEarningBOYAmt
Retained Earning EOY$457,018RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$457,759TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$457,018TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$459,359TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$457,018TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$457,759TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,024ExcessRevenueOverExpensesAmt
Other Increases$283OtherIncreasesAmt
Subtotal$457,018SubtotalAmt
Tot Net Ast Or Fund Balances EOY$457,018TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MORGAN STANLEYP2014-01-012014-12-31$2,664$2,608$56$56
MORGAN STANLEYP2014-01-012014-12-31$50$33$17$17
MORGAN STANLEYP2013-01-012014-12-31$77,148$58,848$18,300$18,300
MORGAN STANLEYP2013-01-012014-12-31$72,590$29,411$43,179$43,179
Capital Gain Dividends
$163
FieldValueIRS element (for citing)
Capital Gain Net Income$61,715CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$73NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$104,641AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$641,991NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.16299DistributionYr1Rt
Adjusted Qlfy Distri Yr2$53,970AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$579,342NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.09316DistributionYr2Rt
Adjusted Qlfy Distri Yr3$50,966AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$579,673NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.08792DistributionYr3Rt
Adjusted Qlfy Distri Yr4$58,682AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$552,899NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.10614DistributionYr4Rt
Adjusted Qlfy Distri Yr5$33,355AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$338,792NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.09845DistributionYr5Rt
Total Distribution0.54866TotalDistributionRt
Average Distribution0.10973AverageDistributionRt
Net Vl Noncharitable Assets$687,322NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$75,421AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$658NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$76,079AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$66,311QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,315InvestmentIncomeExciseTaxAmt
Subtotal$1,315SubtotalAmt
Tax Based On Investment Income$1,315TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$9EsPenaltyAmt
Tax Due$1,324TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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 Line1FOUNDATIONBusinessNameLine1Txt

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line176 BLUEBERRY DRIVEAddressLine1Txt
CityWOODCLIFF LAKECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07677ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
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/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
KAMIL SHASHOUA
76 BLUEBERRY DRIVEWOODCLIFF LAKENJ07675Trustee0.00$0
ARLETTE SHASHOUA
76 BLUEBERRY DRIVEWOODCLIFF LAKENJ07675Trustee0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$671,152AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$26,637AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$697,789TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$697,789AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,467CashDeemedCharitableAmt
Net Vl Noncharitable Assets$687,322NetVlNoncharitableAssetsAmt
Minimum Investment Return$34,366MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$34,366MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,315TaxBasedOnInvestmentIncomeAmt
Total Tax$1,315TotalTaxAmt
Distributable Before Adj$33,051DistributableBeforeAdjAmt
Distributable Before Ded$33,051DistributableBeforeDedAmt
Distributable As Adjusted$33,051DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$66,311ExpensesAndContributionsAmt
Qualifying Distributions$66,311QualifyingDistributionsAmt
Adjusted Qualifying Distri$66,311AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,051DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$16,415ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$31,399ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$27,309ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$73,361ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$148,484TotalExcessDistributionCyovAmt
Qualifying Distributions$66,311QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$33,051AppliedToCurrentYearAmt
Remaining Distri From Corpus$33,260RemainingDistriFromCorpusAmt
Total Corpus$181,744TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$16,415ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$165,329ExcessDistriCyovToNextYrAmt
Excess From Year4$31,399ExcessFromYear4Amt
Excess From Year2$27,309ExcessFromYear2Amt
Excess From Year1$73,361ExcessFromYear1Amt
Excess From Current Year$33,260ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
VARIOUS CHARITIES
WOODCLIFF LAKEWoodcliff LakeNJ07677NONEEXEMPTCHARITABLE$5,680
CHABAD
100 Overlook DrWoodcliff LakeNJ07677NONEEXEMPTCHARITABLE$8,686
SOLOMON SCHECHTER
805 Columbus AvenueNew YorkNY10025NONEEXEMPTCHARITABLE$49,615
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$63,981TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,607ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$61,715ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$75,322ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$75,322TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$2,275Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$2,275DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
FILING FEE$55$55
FOREIGN TAXES PAID$175$175
INVESTMENT ADVISORY FEES$9,377$9,377

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$283Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXESCategoryTxt
Amt$483Amt

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