BWETA FAMILY FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
BWETA FAMILY FOUNDATION (EIN 13-4020892)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-07-21
IRS object ID
201542029349100204
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)
Return2015-07-21T10:41:05-07:00ReturnTs
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)
EIN134020892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BWETA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBWETBusinessNameControlTxt
Phone2122211140PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J EZRA 131 MERCER STAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMIL EZRAPersonNm
Person TitleTrusteePersonTitleTxt
Signature2015-07-21SignatureDt
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$1,077,400FMVAssetsEOYAmt
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$30,950DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,824DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$38,266NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$350,182GrossSalesPriceAmt
Other Income Rev And Expnss$163OtherIncomeRevAndExpnssAmt
Total Rev And Expnss-$7,153TotalRevAndExpnssAmt
Total Net Invst Incm$26,824TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,240AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$620AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$620AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,000TaxesRevAndExpnssAmt
Taxes Net Invst Incm$582TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$8,356OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$8,106OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$10,596TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,308TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$870TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$60,995ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$60,995ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$71,591TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,308TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$61,865TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$78,744ExcessRevenueOverExpensesAmt
Net Investment Income$17,516NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,349CashBOYAmt
Cash EOY$11,492CashEOYAmt
Cash EOYFMV$11,492CashEOYFMVAmt
Sav And Temp Cash Invst BOY$12,950SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,822SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,822SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$876,551CorporateStockBOYAmt
Corporate Stock EOY$816,792CorporateStockEOYAmt
Corporate Stock EOYFMV$1,043,086CorporateStockEOYFMVAmt
Other Assets BOY$20,000OtherAssetsBOYAmt
Other Assets EOY$20,000OtherAssetsEOYAmt
Other Assets EOYFMV$20,000OtherAssetsEOYFMVAmt
Total Assets BOY$929,850TotalAssetsBOYAmt
Total Assets EOY$851,106TotalAssetsEOYAmt
Total Assets EOYFMV$1,077,400TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$929,850RetainedEarningBOYAmt
Retained Earning EOY$851,106RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$929,850TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$851,106TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$929,850TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$851,106TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$929,850TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$78,744ExcessRevenueOverExpensesAmt
Subtotal$851,106SubtotalAmt
Tot Net Ast Or Fund Balances EOY$851,106TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescGain Or LossGainOrLossAmt
Capital Gain Dividends
$2,059
FieldValueIRS element (for citing)
Capital Gain Net Income-$38,266CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$4,292NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$87,376AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,095,216NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.07978DistributionYr1Rt
Adjusted Qlfy Distri Yr2$54,072AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$179,296NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.30158DistributionYr2Rt
Adjusted Qlfy Distri Yr3$78,543AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$166,490NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.47176DistributionYr3Rt
Adjusted Qlfy Distri Yr4$54,996AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,134,525NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04848DistributionYr4Rt
Adjusted Qlfy Distri Yr5$63,513AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,390,131NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04569DistributionYr5Rt
Total Distribution0.94728TotalDistributionRt
Average Distribution0.18946AverageDistributionRt
Net Vl Noncharitable Assets$1,092,332NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$206,949AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$175NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$207,124AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$61,865QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$350InvestmentIncomeExciseTaxAmt
Subtotal$350SubtotalAmt
Tax Based On Investment Income$350TaxBasedOnInvestmentIncomeAmt
Tax Due$350TaxDueAmt

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 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 Line1BERNATH & ROSENBERG PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122211140PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11430 BROADWAY 7TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100183308ZIPCd
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
JAMIL EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$0
BENJAMIN JOSEPH EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$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$1,043,845AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$65,122AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,108,967TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,108,967AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,635CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,092,332NetVlNoncharitableAssetsAmt
Minimum Investment Return$54,617MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$54,617MinimumInvestmentReturnAmt
Tax Based On Investment Income$350TaxBasedOnInvestmentIncomeAmt
Total Tax$350TotalTaxAmt
Distributable Before Adj$54,267DistributableBeforeAdjAmt
Distributable Before Ded$54,267DistributableBeforeDedAmt
Distributable As Adjusted$54,267DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$61,865ExpensesAndContributionsAmt
Qualifying Distributions$61,865QualifyingDistributionsAmt
Adjusted Qualifying Distri$61,865AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$54,267DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$54,996ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$70,838ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$45,341ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$33,033ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$204,208TotalExcessDistributionCyovAmt
Qualifying Distributions$61,865QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$54,267AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,598RemainingDistriFromCorpusAmt
Total Corpus$211,806TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$211,806ExcessDistriCyovToNextYrAmt
Excess From Year4$54,996ExcessFromYear4Amt
Excess From Year3$70,838ExcessFromYear3Amt
Excess From Year2$45,341ExcessFromYear2Amt
Excess From Year1$33,033ExcessFromYear1Amt
Excess From Current Year$7,598ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJAMIL EZRAContributingManagerNm
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 charitable organizations
131 MERCER STNEW YORKNY10012NONEEXEMPTCHARITABLE$24,395
AMERICAN SEPHARDI FEDERATIONS
15 WEST 16TH STREETNEW YORKNY10011NONEEXEMPTCHARITABLE$12,500
DROR FOUNDATION
253 West 35th Street 15th FloorNEW YORKNY10001NONEEXEMPTCHARITABLE$24,100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$60,995TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$30,950ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$38,266ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionAmtExclusionExclusionCd
IRS REFUND$72
K1 SEC 1256 INC$9118

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$7,153ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$7,153TotalIncomeProducingActyAmt

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$1,240Amt
Net Investment Income$620NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$620DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescCHASE HOLDING ACCOUNTDesc
BOY Book Value$20,000BOYBookValueAmt
EOY Book Value$20,000EOYBookValueAmt
EOYFMV$20,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$664$664
FILING FEE$250$250
INVESTMENT & ADVISORY FEES$7,145$7,145
MISC EXPENSES$291$291
PORTFOLIO EXPENSES$6$6

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
IRS REFUND$72
K1 SEC 1256 INC$91

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES$582$582
US TREASURY$418

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