EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INC (EIN 45-4024050)
Tax period
2012-10-01 to 2013-09-30
Filed
2014-12-16
IRS object ID
201403509349100200
Schema version
2012v2.1
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)
Timestamp2014-12-16T11:40:02-06:00Timestamp
Tax Period End Date2013-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN133641196EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Hirsch Oelbaum Bram & Hanover CPAsBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1111 BroadwayAddressLine1
CityNew York NYCity
StateNYState
ZIP Code10006ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN454024050EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE EPHRAIM AND GAIL PROPP FAMILY FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlEPHRNameControl
Phone2129883856Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1950 PARK AVENUE No 4BAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10028ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameGAIL PROPPName
TitlePRESIDENTTitle
Phone2129883856Phone
Date Signed2014-04-07DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
PTINP00148407PTIN
Phone2122278034Phone
Date Prepared2014-04-07DatePrepared
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 EOY458286FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss95000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss1InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm1InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm1InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss12624DividendsRevAndExpnss
Dividends Net Invst Incm12624DividendsNetInvstIncm
Dividends Adj Net Incm12624DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss18811NetGainSaleAssetsRevAndExpnss
Gross Sales Price115538GrossSalesPrice
Capital Gain Net Incm Net Invst Incm18811CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses126436TotalRevenueAndExpenses
Total Net Investment Income31436TotalNetInvestmentIncome
Total Adjusted Net Income12625TotalAdjustedNetIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Adj Net Incm0CompOfcrDirTrstAdjNetIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss1000AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps1000AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss3215TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Adj Net Incm0TaxesAdjNetIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Other Expenses Rev And Expnss100OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm0OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps100OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss4315TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps1100TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss3900ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps3900ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss8215TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps5000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses118221ExcessOfRevenueOverExpenses
Net Investment Income31436NetInvestmentIncome
Adjusted Net Income12625AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1100CashBOY
Cash EOY2886CashEOY
Cash EOYFMV2886CashEOYFMV
Savings And Temp Cash Invst BOY19666SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY29430SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV29430SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY358507InvestmentsCorpStockBOY
Investments Corp Stock EOY465178InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV425970InvestmentsCorpStockEOYFMV
Total Assets BOY379273TotalAssetsBOY
Total Assets EOY497494TotalAssetsEOY
Total Assets EOYFMV458286TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY379273CapitalStockBOY
Capital Stock EOY379273CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY0RetainedEarningsBOY
Retained Earnings EOY118221RetainedEarningsEOY
Total Net Assets BOY379273TotalNetAssetsBOY
Total Net Assets EOY497494TotalNetAssetsEOY
Total Liabilities Net Assets BOY379273TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY497494TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY379273TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses118221ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal497494Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY497494TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
5000 SHARES CHIPMOS TECHP2012-02-242013-01-29550445236626782678
5000 SHARES CHIPMOS TECHP2012-02-142013-01-0960494443611613316133
FieldValueIRS element (for citing)
Capital Gain Net Income18811CapitalGainNetIncome
Net Short Term Capital Gain Or Loss18811NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year120000QualifyingDistributionsYear1
Noncharitable Assets Year10NoncharitableAssetsYear1
Distribution Ratio Year10.000000DistributionRatioYear1
Total Distribution Ratio0.000000TotalDistributionRatio
Average Distribution Ratio0.000000AverageDistributionRatio
Net Noncharitable Assets463258NetNoncharitableAssets
Adjusted Noncharitable Assets0AdjustedNoncharitableAssets
One Percent Net Investment Income314OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One314AdjNonchrtblAssetsAndOnePct
Qualifying Distributions5000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax314InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal314Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income314TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1592EstTaxPaymentsAndOverpayment
Total Credits And Payments1592TotalCreditsAndPayments
Overpayment1278Overpayment
Amount Credited To Next Year1278AmountCreditedToNextYear
Amount To Be Refunded0AmountToBeRefunded

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e0RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2129883856BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1950 PARK AVEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10028ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
GAIL PROPP
950 PARK AVENUENEW YORKNY10028PRESIDENT AND DIRECTOR2.00000
ANNA PROPP
950 PARK AVENUENEW YORKNY10028VICE-PRESIDENT AND DIRECTOR1.00000
ERIC GOMBERG
1474 THIRD AVENEW YORKNY10028SECRETARY AND DIRECTOR1.00000
DAVID GOMBERG
565 PARK AVENEW YORKNY10065TREASURER AND DIRECTOR1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities443773AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances26540AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets470313TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets470313AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable7055CashDeemedCharitable
Net Noncharitable Assets463258NetNoncharitableAssets
Minimum Investment Return23163MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return23163MinimumInvestmentReturn
Tax Based On Investment Income314TaxBasedOnInvestmentIncome
Total Tax314TotalTax
Distributable Amount Before Adj22849DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded22849DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted22849DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions5000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions5000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm314OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions4686AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted22849DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year120000ExcessDistriCarryoverYear1
Total Excess Distri Carryover20000TotalExcessDistriCarryover
Qualifying Distributions5000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year5000AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus17849ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY17849ExcessDistriCyovAppliedCY
Total Corpus2151TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2151ExcessDistriCyovToNextYear
Excess From Year12151ExcessFromYear1

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
AMERICAN COMMITTEE FOR SHAARE ZEDEK MEDICAL CENTER
55 WEST 39TH STNEW YORKNY10018NONEPUBLIC CHARITYFOR GENERAL OPERATING NEEDS OF RECIPIENT ORGANIZATION$2,500
BE'ER HAGOLAH INSTITUTES
631 LOUISIANA AVEBROOKLYNNY11234NONEPUBLIC CHARITYFOR GENERAL OPERATING NEEDS OF RECIPIENT ORGANIZATION$1,400
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year3900TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$1ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$12,624ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$18,811ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$31,436ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA31436TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1PROPP FOUNDATION INC405 PARK AVENUE SUITE 1103NEW YORKNY1002215000X
2MORRIS ANNA PROPP SONS FUND INC405 PARK AVENUE SUITE 1103NEW YORKNY1002270000X
3LINSONE INC405 PARK AVENUE SUITE 1103NEW YORKNY1002210000X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$1,000Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps1000DisbursementsCharitablePrps

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (4 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
2000 SHARES EXXON CORP160060172080
800 SHARES HARRIS CORP2720847440
15000 NAM TAI ELECTRONICS203398116550
5000 CHIPMOS TECH7451289900

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionSTATE FEESDescription
Revenue And Expenses Per Books100RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps100DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXESCategory
Amount$3,215Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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