ZARO FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ZARO FOUNDATION INC (EIN 22-3462296)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-02-28
IRS object ID
201400599349100010
Schema version
2013v3.0
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)
Return2014-02-28T15:42:30-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133866104PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DANNY W STANTON CPABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11025 WESTCHESTER AVE SUITE 301AddressLine1
CityWHITE PLAINSCity
StateNYState
ZIP Code10604ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223462296EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ZARO FOUNDATION INC CO JEROLD L ZAROBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlZAROBusinessNameControlTxt
Phone9736435785PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1139AddressLine1
CityOAKHURSTCity
StateNJState
ZIP Code07755ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEROLD ZAROPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9736435785PhoneNum
Signature2014-02-21SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANNY W STANTON CPAPreparerPersonNm
PTINP00052517PTIN
Phone9143281729PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$29,833FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$40,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$54InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$54InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$40,054TotalRevAndExpnssAmt
Total Net Invst Incm$54TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$500AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$500AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$30TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$30TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,030TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$500TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$530TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$37,148ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$37,148ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$38,178TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$500TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$37,678TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,876ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$27,957CashBOYAmt
Cash EOY$29,833CashEOYAmt
Cash EOYFMV$29,833CashEOYFMVAmt
Total Assets BOY$27,957TotalAssetsBOYAmt
Total Assets EOY$29,833TotalAssetsEOYAmt
Total Assets EOYFMV$29,833TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$27,957RetainedEarningBOYAmt
Retained Earning EOY$29,833RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$27,957TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$29,833TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$27,957TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$29,833TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$27,957TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,876ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$29,833SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$29,833TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$30,030AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$20,391NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.472709DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,180AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$9,118NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.129414DistributionYr2Rt
Adjusted Qlfy Distri Yr3$1,980AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$4,954NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.399677DistributionYr3Rt
Adjusted Qlfy Distri Yr4$20,350AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$5,192NetVlNoncharitableAssetsYr4Amt
Distribution Yr43.919492DistributionYr4Rt
Adjusted Qlfy Distri Yr5$2,700AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,009NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.385219DistributionYr5Rt
Total Distribution6.306511TotalDistributionRt
Average Distribution1.261302AverageDistributionRt
Net Vl Noncharitable Assets$35,849NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$45,216AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$45,216AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$37,678QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTAXPAYERIndividualWithBooksNm
Phone9736435785PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1ONE RIVERFRONT PLAZAAddressLine1
CityNEWARKCity
StateNJState
ZIP Code07102ZIPCode
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SAM D ZARO
1500 PALISADE AVENUE APT 21DFORT LEENJ07024TRUSTEE1.00$0$0$0
LINDA WALLBERG
500 EAST 77TH STREET APT 1226NEW YORKNY10162TRUSTEE1.00$0$0$0
JEROLD L ZARO
25 STRATFORD ROADHARRISONNY10528TRUSTEE1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$36,395AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$36,395TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$36,395AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$546CashDeemedCharitableAmt
Net Vl Noncharitable Assets$35,849NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,792MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,792MinimumInvestmentReturnAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$1,792DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,792DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,792DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$37,678ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$37,678QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$37,678AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,792DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$2,350ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$20,090ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,732ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$724ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$29,010ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$53,906TotalExcessDistributionCyovAmt
Qualifying Distributions$37,678QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,792AppliedToCurrentYearAmt
Remaining Distri From Corpus$35,886RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$89,792TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$2,350ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$87,442ExcessDistriCyovToNextYrAmt
Excess From Year4$20,090ExcessFromYear4Amt
Excess From Year3$1,732ExcessFromYear3Amt
Excess From Year2$724ExcessFromYear2Amt
Excess From Year1$29,010ExcessFromYear1Amt
Excess From Current Year$35,886ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJEROLD L ZAROContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ENGLEWOOD HOSPITAL
350 ENGLE STREETENGLEWOODNJ07630NONEPUBLIC CHARITYUNRESTRICTED$10,250
CHABAD HOUSE LUBAVITCH
170 COLLEGE AVENUENEW BRUNSWICKNJ08901NONEPUBLIC CHARITYUNRESTRICTED$6,800
CONGREGATION SONS OF ISRAEL
33 GORDON CORNER ROADMANALAPANNJ07726NONEPUBLIC CHARITYUNRESTRICTED$1,800
JEWISH HOME FOUNDATION
10 LINK DRIVEROCKLEIGHNJ07647NONEPUBLIC CHARITYUNRESTRICTED$11,980
MEMORIAL SLOAN KETTERING
1275 YORK AVENUENEW YORKNY10065NONEPUBLIC CHARITYUNRESTRICTED$2,500
NEW YORK ORGAN DONORS
460 WEST 34TH STREETNEW YORKNY10001NONEPUBLIC CHARITYUNRESTRICTED$2,000
SOLOMON SCHECHTER SCHOOL
805 COLUMBUS AVENEUENEW YORKNY10025NONEPUBLIC CHARITYUNRESTRICTED$1,818
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$37,148TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$54ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$54ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$54TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

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 PersonJEROLD ZAROContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line125 STRATFORD ROADAddressLine1
CityHARRISONCity
StateNYState
ZIP Code10528ZIPCode
FieldValueIRS element (for citing)
Total Contributions$40,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,000Amt
Net Investment Income$500NetInvestmentIncomeAmt
Disbursements Charitable Prps$500DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNJ REGISTRATION FEESCategoryTxt
Amt$30Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$30DisbursementsCharitablePrpsAmt

Comments

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