GD FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
GD FOUNDATION INC (EIN 80-0022815)
Tax period
2012-12-01 to 2013-11-30
Filed
2014-10-14
IRS object ID
201402879349100620
Schema version
2012v2.3
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)
Timestamp2014-10-14T11:59:27-05:00Timestamp
Tax Period End Date2013-11-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HECHT AND COMPANY PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1350 5TH AVENUE - 68TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code101180110ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-12-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN800022815EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GD FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% HECHT AND COMPANY PCInCareOfName
Name ControlGDFONameControl
Phone2128198000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o HECHT 350 FIFTH AVEAddressLine1
Address Line2Suite 68 FLAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10118ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameGILA GOODMANName
TitlePRESIDENTTitle
Phone2128198000Phone
Date Signed2014-10-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVEN STERNName
Phone2128198000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY2050876FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss1030940ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss217InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm217InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss30675DividendsRevAndExpnss
Dividends Net Invst Incm30675DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss95327NetGainSaleAssetsRevAndExpnss
Gross Sales Price553625GrossSalesPrice
Capital Gain Net Incm Net Invst Incm292427CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses1157159TotalRevenueAndExpenses
Total Net Investment Income323319TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Interest Rev And Expnss153InterestRevAndExpnss
Interest Net Invst Incm153InterestNetInvstIncm
Other Expenses Rev And Expnss1235OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm1000OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps235OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1388TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm1153TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps235TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss172227ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps172227ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss173615TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm1153TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps172462TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses983544ExcessOfRevenueOverExpenses
Net Investment Income322166NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY687SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY752865SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV752865SavingsAndTempCashInvstEOYFMV
Receivables From Officers BOY22035ReceivablesFromOfficersBOY
Receivables From Officers EOY54415ReceivablesFromOfficersEOY
Receivables From Officers EOYFMV54415ReceivablesFromOfficersEOYFMV
Investments Corp Stock BOY922203InvestmentsCorpStockBOY
Investments Corp Stock EOY1128601InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1243596InvestmentsCorpStockEOYFMV
Total Assets BOY944925TotalAssetsBOY
Total Assets EOY1935881TotalAssetsEOY
Total Assets EOYFMV2050876TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY1127866CapitalStockBOY
Capital Stock EOY2158806CapitalStockEOY
Retained Earnings BOY-182941RetainedEarningsBOY
Retained Earnings EOY-222925RetainedEarningsEOY
Total Net Assets BOY944925TotalNetAssetsBOY
Total Net Assets EOY1935881TotalNetAssetsEOY
Total Liabilities Net Assets BOY944925TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1935881TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY944925TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses983544ExcessOfRevenueOverExpenses
Other Increases7412OtherIncreases
Subtotal1935881Subtotal
Total Net Assets Fund Balances EOY1935881TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesDate AcquiredDateAcquired
10,000 SH CHILDRENS PLACED2012-12-17548625255600293025293025
684 SH GS HIGH YIELD FUND INSTITUTIONALP2012-12-2650005598-598-5982007-01-26
FieldValueIRS element (for citing)
Capital Gain Net Income292427CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year145227QualifyingDistributionsYear1
Noncharitable Assets Year1926357NoncharitableAssetsYear1
Distribution Ratio Year10.048822DistributionRatioYear1
Qualifying Distributions Year247928QualifyingDistributionsYear2
Noncharitable Assets Year21002469NoncharitableAssetsYear2
Distribution Ratio Year20.04781DistributionRatioYear2
Qualifying Distributions Year322231QualifyingDistributionsYear3
Noncharitable Assets Year3732850NoncharitableAssetsYear3
Distribution Ratio Year30.030335DistributionRatioYear3
Qualifying Distributions Year416092QualifyingDistributionsYear4
Noncharitable Assets Year4918610NoncharitableAssetsYear4
Distribution Ratio Year40.017518DistributionRatioYear4
Qualifying Distributions Year526461QualifyingDistributionsYear5
Noncharitable Assets Year5937572NoncharitableAssetsYear5
Distribution Ratio Year50.028223DistributionRatioYear5
Total Distribution Ratio0.172708TotalDistributionRatio
Average Distribution Ratio0.034542AverageDistributionRatio
Net Noncharitable Assets1997319NetNoncharitableAssets
Adjusted Noncharitable Assets68991AdjustedNoncharitableAssets
One Percent Net Investment Income3222OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One72213AdjNonchrtblAssetsAndOnePct
Qualifying Distributions172462QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax3222InvestmentIncomeExciseTax
Subtotal3222Subtotal
Tax Based On Investment Income3222TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1422EstTaxPaymentsAndOverpayment
Total Credits And Payments1422TotalCreditsAndPayments
Tax Due1800TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1HECHT AND COMPANY PCBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2128198000BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1350 FIFTH AVEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10118ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersontrueTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionstrueActsFailToQualifyAsExceptions
Uncorrected Prior ActstrueUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
GILA DWECK GOODMAN
521 PARK AVENUENEW YORKNY10065PRESIDENT1.0000
ISAAC DABAH
1450 BROADWAYNEW YORKNY10018SECRETARY1.00
FieldValueIRS element (for citing)
Summary Of Direct Charitable ActySummaryOfDirectCharitableActy
Sum Of Program Related InvestmentsSumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1640260AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances333060AvgMonthlyCashBalances
FMV All Other Noncharitable Assets54415FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets2027735TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets2027735AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable30416CashDeemedCharitable
Net Noncharitable Assets1997319NetNoncharitableAssets
Minimum Investment Return99866MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return99866MinimumInvestmentReturn
Tax Based On Investment Income3222TaxBasedOnInvestmentIncome
Total Tax3222TotalTax
Distributable Amount Before Adj96644DistributableAmountBeforeAdj
Recoveries Qlfy Distributions7412RecoveriesQlfyDistributions
Distributable Amount Before Ded104056DistributableAmountBeforeDed
Distributable Amount As Adjusted104056DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions172462ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions172462QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm3222OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions169240AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted104056DistributableAmountAsAdjusted
Undistributed Income Prior Year31171UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year10ExcessDistriCarryoverYear1
Total Excess Distri Carryover0TotalExcessDistriCarryover
Qualifying Distributions172462QualifyingDistributions
Applied To Year131171AppliedToYear1
Applied To Current Year104056AppliedToCurrentYear
Remaining Distri From Corpus37235RemainingDistriFromCorpus
Total Corpus37235TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year37235ExcessDistriCyovToNextYear
Excess From Year10ExcessFromYear1
Excess From Current Year37235ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerGILA DWECK GOODMANContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ENCLOSED ATTACHMENTBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1C/O HECHT AND COMPANYAddressLine1
Address Line2350 FIFTH AVEAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10118ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationship
Recipient Foundation StatusPUBLIC CHARITYRecipientFoundationStatus
Purpose Of Grant Or ContributionUNRESTRICTED CHARITABLE PURPOSESPurposeOfGrantOrContribution
Amount$172,227Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year172227TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$217ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$30,675ExclusionAmount
FieldValueIRS element (for citing)
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$292,427ExclusionAmount
FieldValueIRS element (for citing)
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$323,319ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA323319TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionTypeNoncash Contribution TypeNoncashContributionType
1GILA GOODMAN521 PARK AVENUENEW YORKNY10065995940XX
2FTP PRODUCTIONS LLC77 WEST 66TH STNEW YORKNY1002335000X

Noncash Property NoncashProperty

FieldValueIRS element (for citing)
Contributor Number From Part I1ContributorNumberFromPartI
Noncash Property Description22,000 SHARES CHILDREN'S PLACE COMMON STOCKNoncashPropertyDescription
Fair Market Value995940FairMarketValue
Date Received2012-12-17DateReceived

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (5 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
GS BRIC FUND136043137370
GS HI YIELD342649346139
GS GROWTH6756761108
GS ENHANCED INCOME3910238979
CHILDRENS PLACE INC.543240660000

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
CUSTODIAN FEES10001000
PUBLIC INSPECTION AD135135
NYS FILING FEE100100

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionRECOVERY OF PRIOR YR CONTRIBUTION PAIDDescription
Amount$7,412Amount

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