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LITOWITZ FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
LITOWITZ FOUNDATION INC (EIN 65-0763609)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-07-31
IRS object ID
201412129349100401
Schema version
2013v3.1
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)
Return2014-07-31T08:24:42-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN592110949PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KWAL & OLIVA PA CPASBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1169 E FLAGLER STREET STE 800AddressLine1
CityMIAMICity
StateFLState
ZIP Code331311296ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN650763609EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LITOWITZ FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlLITOBusinessNameControlTxt
Phone3055525775PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111401 BIRD ROAD STE 370AddressLine1
CityMIAMICity
StateFLState
ZIP Code33165ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBUDD LITOWITZPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone3055525775PhoneNum
Signature2014-07-25SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD M KWALPreparerPersonNm
PTINP00118433PTIN
Phone3055774333PhoneNum
Preparation2014-07-30PreparationDt
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$18,397,701FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$172,177DividendsRevAndExpnssAmt
Dividends Net Invst Incm$172,177DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$10,761NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$10,761GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$10,761CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$182,074OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$11,539OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$864TotalRevAndExpnssAmt
Total Net Invst Incm$194,477TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$6,000CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$3,000CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$3,000CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$7,947AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,974AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$3,973AccountingFeesChrtblPrpsAmt
Interest Rev And Expnss$19,124InterestRevAndExpnssAmt
Interest Net Invst Incm$19,124InterestNetInvstIncmAmt
Taxes Rev And Expnss$12,817TaxesRevAndExpnssAmt
Taxes Net Invst Incm$9,663TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$9,171OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,031OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$1,031OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$55,059TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$36,792TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$8,004TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$698,065ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$698,065ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$753,124TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$36,792TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$706,069TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$752,260ExcessRevenueOverExpensesAmt
Net Investment Income$157,685NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Prepaid Expenses BOY$13,644PrepaidExpensesBOYAmt
Prepaid Expenses EOY$10,704PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$10,704PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$3,351,589CorporateStockBOYAmt
Corporate Stock EOY$3,757,487CorporateStockEOYAmt
Corporate Stock EOYFMV$3,757,487CorporateStockEOYFMVAmt
Other Investments BOY$11,324,930OtherInvestmentsBOYAmt
Other Investments EOY$14,629,510OtherInvestmentsEOYAmt
Other Investments EOYFMV$14,629,510OtherInvestmentsEOYFMVAmt
Total Assets BOY$14,690,163TotalAssetsBOYAmt
Total Assets EOY$18,397,701TotalAssetsEOYAmt
Total Assets EOYFMV$18,397,701TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$14,690,163UnrestrictedBOYAmt
Unrestricted EOY$18,397,701UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$14,690,163TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$18,397,701TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$14,690,163TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$18,397,701TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$14,690,163TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$752,260ExcessRevenueOverExpensesAmt
Other Increases$4,459,798OtherIncreasesAmt
Subtotal$18,397,701SubtotalAmt
Tot Net Ast Or Fund Balances EOY$18,397,701TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPASS THROUGH FROM K-1SPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2012-12-30AcquiredDt
Sold2013-12-31SoldDt
Gross Sales Price$10,761GrossSalesPriceAmt
Gain Or Loss$10,761GainOrLossAmt
Gains Minus Excess Or Losses$10,761GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$10,761CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$650,179AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$14,236,782NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.045669DistributionYr1Rt
Adjusted Qlfy Distri Yr2$509,940AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$12,920,411NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.039468DistributionYr2Rt
Adjusted Qlfy Distri Yr3$432,908AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$11,142,841NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.038851DistributionYr3Rt
Adjusted Qlfy Distri Yr4$441,916AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$8,300,634NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.053239DistributionYr4Rt
Adjusted Qlfy Distri Yr5$462,372AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$9,258,282NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.049941DistributionYr5Rt
Total Distribution0.227168TotalDistributionRt
Average Distribution0.045434AverageDistributionRt
Net Vl Noncharitable Assets$16,974,791NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$771,233AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,577NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$772,810AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$706,069QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,154InvestmentIncomeExciseTaxAmt
Subtotal$3,154SubtotalAmt
Tax Based On Investment Income$3,154TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$7,498EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$7,498TotalPaymentsAndCreditsAmt
Overpayment$4,344OverpaymentAmt
Applied To ES Tax$4,344AppliedToESTaxAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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 AddressNONEWebsiteAddressTxt
Individual With BooksBUDD LITOWITZIndividualWithBooksNm
Phone3055525775PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111401 SW 40 STREET 370AddressLine1
CityMIAMICity
StateFLState
ZIP Code33165ZIPCode
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ROBERT LITOWITZ
11401 SW 40 STMIAMIFL33165PRES./TREAS.4.00$1,200$0$0
DONNA LITOWITZ
11401 SW 40 STMIAMIFL33165VP / SEC.4.00$1,200$0$0
BUDD LITOWITZ
11401 SW 40 STMIAMIFL33165VP4.00$1,200$0$0
SUSAN LITOWITZ
11401 SW 40 STMIAMIFL33165DIRECTOR4.00$1,200$0$0
ARTHUR LITOWITZ
11401 SW 40 STMIAMIFL33165DIRECTOR4.00$1,200$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$17,221,007AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$12,283FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$17,233,290TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$17,233,290AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$258,499CashDeemedCharitableAmt
Net Vl Noncharitable Assets$16,974,791NetVlNoncharitableAssetsAmt
Minimum Investment Return$848,740MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$848,740MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,154TaxBasedOnInvestmentIncomeAmt
Total Tax$3,154TotalTaxAmt
Distributable Before Adj$845,586DistributableBeforeAdjAmt
Distributable Before Ded$845,586DistributableBeforeDedAmt
Distributable As Adjusted$845,586DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$706,069ExpensesAndContributionsAmt
Qualifying Distributions$706,069QualifyingDistributionsAmt
Adjusted Qualifying Distri$706,069AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$845,586DistributableAsAdjustedAmt
Undistributed Income PY$528,585UndistributedIncomePYAmt
Qualifying Distributions$706,069QualifyingDistributionsAmt
Applied To Year1$528,585AppliedToYear1Amt
Applied To Current Year$177,484AppliedToCurrentYearAmt
Undistributed Income CY$668,102UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (37 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN UNIV
4400 MASSACHUSETTS AVEWASHINGTONDC20016NONEEXEMPTEDUCATION$100,000
BROWARD PERFORMING ARTS FOUNDATION
201 SW FIFTH AVENUEFORT LAUDERDALEFL33312NONEEXEMPTSUPPORT FOR ARTS$1,000
CHABAD LUBAVITCH OF GREATER ORLANDO
708 LAKE HOWELL ROADORLANDOFL32751NONEEXEMPTEDUCATION AND THE ARTS$4,000
COMMUNITY COMMUNICATIONS
11510 E COLONIAL DRORLANDOFL32817NONEEXEMPTPUBLIC RADIO$10,000
CORNELL UNIVERSITY
P O BOX 516ITHACANY14851NONEEXEMPTEDUCATION$10,000
CULTURE AND ANIMALS FOUNDATION
3509 EDEN CROFT DRRALEIGHNC27612NONEEXEMPANIMAL WELFARE$10,000
DANFORTH MUSEUM OF ART
123 UNION AVENUEFRAMINGHAMMA017028291NONEEXEMPTEDUCATION AND THE ARTS$75,000
ECO-ACTION INC
511 N FERNCREEK AVEORLANDOFL32803NONEEXEMPTENVIRONMENTAL PROTECTION$10,000
FAIRCHILD TROPICAL GARDENS
10901 OLD CUTLER RDMIAMIFL33156NONEEXEMPTSUPPORT BOTANICAL GARDENS$500
FAIRWARNING
13535 FEATHER SOUND DRCLEARWATERFL33762NONEEXEMPTHEALTH$5,000
FRIENDS OF IDF
350 FIFTH AVENUE 2011NEW YORKNY10118NONEEXEMPTSUPPORT RELIGIOUS FREEDOM$253,360
GOODNOW LIBRARY
21 CONCORD ROADSUDBURYMA01776NONEEXEMPTEDUCATION$25,000
GREATER MIAMI JEWISH FEDERATION
4200 BISCAYNE BLVDMIAMIFL33137NONEEXEMPTEDUCATION$5,000
GREENWOOD HOUSE HOME FOR
53 WALTER STW TRENTONNJ08628NONEEXEMPTHEALTH$6,000
INDIAN RIVER INSTITUTE FOR CR ARTS
1125 N DIXIE FWYSMYRNA BEACHFL32168NONEEXEMPTSUPPORT FOR ARTS$15,000
JAFCO
4200 N UNIVERSITY DRSUNRISEFL33351NONEEXEMPTCHILDREN WELFARE$100
LEAGUE AGAINST CANCER
2180 SW 12TH AVENUEMIAMIFL33129NONEEXEMPTHEALTH AND EDUCATION$500
MASS VEST-A-DOG INC
P O BOX 48WALPOLEMA02081NONEEXEMPTANIMAL WELFARE$2,000
MASS SOCIETY FOR PREVENT
99 SUMMER STREETBOSTONMA02110NONEEXEMPTFIGHT CRUELTY TOWARD CHILDREN$2,000
MERRIMACK REPERTORY THEATRE
PO BOX 228LOWELLMA01852NONEEXEMPTSUPPORT FOR ARTS$10,000
NATL EDUCATION FOR ASSIST
P O BOX 213WEST BOYLSTONMA01583NONEEXEMPTASSIST DISABLED PERSONS$2,000
NEW ENGLAND WILDFLOWER
300 MASS AVBOSTONMA02115NONEEXEMPTNATURE'S PRESERVATION$10,000
PENN DENTAL SCHOOL
240 SOUTH 40 STREETPHILADELPHIAPA191046030NONEEXEMPTHEALTH AND EDUCATION$1,000
PROJECT VOTE SMART
1 COMMON GROUNDPHILIPSBURGMT59858NONEEXEMPTEDUCATION$50,000
SAVE A DOG INC
604 BOSTON PARK ROADSUDBURYMA01776NONEEXEMPTANIMAL WELFARE$8,000
SOMERSET HILLS LEARN INSTITUTE
1810 BURNT MILLS ROADBEDMINSTERNJ07921NONEEXEMPTSCIENCE BASED PROGRAM FOR AUTISM$5,000
SOUTHER POVERTY LAW CENTER
4770 BISCAYNE BLVD 760MIAMIFL33137NONEEXEMPTEDUCATION AND JUSTICE$115
SUDBURY VALLEY TRUSTEES INC
18 WOLBACH ROADSUDBURYMA01776NONEEXEMPTENVIRONMENTAL PROTECTION$5,000
THE BUDDY DOG HUMANE SOCIETY
PO BOX 296SUDBURYMA01776NONEEXEMPTSUPPORT ANIMAL RIGHTS$2,000
THE HUMANE SOCIETY OF THE US
2100 L STREET NWWASHINGTONDC20037NONEEXEMPTSUPPORT ANIMAL RIGHTS$5,000
THEATRE FOR A NEW AUDIENCE
154 CHRISTOPHER STREETNEW YORKNY10014NONEEXEMPTSUPPORT FOR ARTS$5,000
WDCS INC
7 NELSON STREETPLYMOUTHMA02360NONEEXEMPTPROTECTION OF WHALES & DOLPHINS$30,000
WLRN
172 NE 15 STMIAMIFL33132NONEEXEMPTPUBLIC RADIO & TV$25,450
WPBT CHANNEL 2
P O BOX 610002MIAMIFL332610002NONEEXEMPTPUBLIC RADIO & TV$5,000
FROM K1 ENERGY TRANSFER EQUITY
801 E SONTERRA BLVD 400SAN ANTONIOTX78258NONEEXEMPTVARIOUS$12
FROM K1 SPECTRA ENERGY PTNRS
5400 WESTHEIMER CTHOUSTONTX77056NONEEXEMPTVARIOUS$7
FROM K1 NUSTAR ENERGY LP
PO BOX 781609SAN ANTONIOTX78278NONEEXEMPTVARIOUS$21
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$698,065TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$172,177ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$9,359ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$10,761ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (15 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
FOREIGN CURR LOSSES - CANAD14$2,180
EL PASO PIPELINE LP14-$2,448
ENERGY TRANSFER EQUITY LP14-$38,239
KINDER MORGAN ENERGY PART L14-$101,223
PLAINS ALL AMERICAN PIPELIN14$50,778
MAGELLAN MIDSTREAM PARTNERS14$59,210
SPECTRA ENERGY PARTNERS LP14-$76,960
TEEKAY LNG PARTNERS LP14-$7,061
ENTERPRISE PRODUCTS PARTNER14-$29,149
GENESIS ENERGY LP14-$10,120
CVR REFINING LP14$1,418
NUSTAR ENERGY LP14-$2,503
SEC 1231 GAIN FROM K-1S14$2,524
SEC 1231 LOSS FROM K-1S14-$23,180
INTANG DR COSTS FR KINDER M14-$16,660

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$864ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$864TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$7,947Amt
Net Investment Income$3,974NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,973DisbursementsCharitablePrpsAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (5 entries)

ROBERT LITOWITZ
DONNA LITOWITZ
BUDD LITOWITZ
SUSAN LITOWITZ
ARTHUR LITOWITZ

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (27 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
FIDELITY TAX FREE MONEY MARKET$308,613$308,613
PMC COMMERCIAL TRUST$437,620$437,620
PENGROWTH ENERGY CORP$217,000$217,000
PENN WEST PETROLEUM LTD$200,640$200,640
MARATHON OIL CORP$592,687$592,687
MARATHON PETROLEUM CORP$770,073$770,073
WESTERNZAGROS RES LTD COM ISIN$182,588$182,588
WINDSTREAM CORP$7,980$7,980
ALTAGAS LTD COM$191,859$191,859
ATLANTIC POWER CORP$31,320$31,320
CANADIAN DOLLAR INVESTMENT$30,713$30,713
ENERPLUS RESOURCES$18,180$18,180
PEYTO EXPLORATION & DEVELOP CORP$30,598$30,598
VERMILLION ENERGY INC$337,065$337,065
DATA GROUP INC$6,565$6,565
NAVIOS MARITIME PARTNERS$191,200$191,200
AG GROWTH INT'L INC$42,024$42,024
BAYTEX ENERGY CORP$39,160$39,160
BROOKFIELD REAL EST$12,565$12,565
DUNDEE INDL REAL EST$8,329$8,329
ENERCARE INC COM$9,384$9,384
JUSR ENERGY GROUP$7,160$7,160
LIGHTSTREAM RESOURCES$5,534$5,534
STUDENT TRANSPORTATION$6,190$6,190
ARTIS REAL ESTATE INV$13,986$13,986
CONSOLIDATED COMMUNICATIONS HLDGS$19,630$19,630
CRESCENT POINT ENERGY CORP$38,824$38,824

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (11 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
EL PASO PIPELINE LPFMV$1,188,000$1,188,000
ENERGY TRANSFER EQUITY LPFMV$2,288,720$2,288,720
KINDER MORGAN ENERGY PARTNERS LPFMV$1,935,840$1,935,840
PLAINS ALL AMERICAN PIPEKINE LPFMV$1,967,260$1,967,260
MAGELLAN MIDSTREAM HOLDINGS LPFMV$2,910,420$2,910,420
SPECTRA ENERGY PARTNERS LPFMV$1,360,500$1,360,500
TEEKAY LNG PARTNERS LPFMV$1,195,880$1,195,880
ENTERPRISE PRODUCTS PARTNERS LPFMV$1,326,000$1,326,000
GENESIS ENERGY LPFMV$315,420$315,420
CVR REFINING LPFMV$90,480$90,480
NUSTAR ENERGY LPFMV$50,990$50,990

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
DUES AND SUBSCRIPTIONS$725$362$363
NONDEDUCTIBLE EXP FROM K-1'S$3,907
EQUIPMENT RENTAL$3,202
INVESTMENT EXPENSE$1,337$669$668

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (17 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
OTHER PORTFOLIO INCOME K-1S$7,772$7,772
KINDER MORGAN ENERGY PRTS K-1$1,587$1,587
FOREIGN CURR LOSSES - CANADA$2,180$2,180
EL PASO PIPELINE LP-$2,448
ENERGY TRANSFER EQUITY LP-$38,239
KINDER MORGAN ENERGY PART LP-$101,223
PLAINS ALL AMERICAN PIPELINE$50,778
MAGELLAN MIDSTREAM PARTNERS,$59,210
SPECTRA ENERGY PARTNERS LP-$76,960
TEEKAY LNG PARTNERS LP-$7,061
ENTERPRISE PRODUCTS PARTNERS-$29,149
GENESIS ENERGY LP-$10,120
CVR REFINING LP$1,418
NUSTAR ENERGY LP-$2,503
SEC 1231 GAIN FROM K-1S$2,524
SEC 1231 LOSS FROM K-1S-$23,180
INTANG DR COSTS FR KINDER MOR-$16,660

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescriptionADJUSTMENT TO MARKET VALUE REQUIRED BY FASB 124Description
Amount$4,459,798Amount

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$9,602$9,602
EXCISE TAX -$3,154
LICENSES$61$61

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