ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-06-11
IRS object ID
201421629349100602
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)
Return2014-06-11T09:23:57-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1TATULLI & ASSOCIATES LLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11202 MEADE STAddressLine1
CityDUNMORECity
StatePAState
ZIP Code185123171ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223642909EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY CHARITABLE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlABRABusinessNameControlTxt
Phone9736443139PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07960ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUDITH ABRAMSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone9736443139PhoneNum
Signature2014-06-10SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVITO TATULLIPreparerPersonNm
PTINP00627362PTIN
Phone5702073345PhoneNum
Preparation2014-06-11PreparationDt
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$23,171FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$53InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$53InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$53InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$29DividendsRevAndExpnssAmt
Dividends Net Invst Incm$29DividendsNetInvstIncmAmt
Dividends Adj Net Incm$29DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$628NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$628GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$628CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$710TotalRevAndExpnssAmt
Total Net Invst Incm$710TotalNetInvstIncmAmt
Total Adj Net Incm$82TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$572OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$572OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$572TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$572TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$6,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$7,372TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$572TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,662ExcessRevenueOverExpensesAmt
Net Investment Income$138NetInvestmentIncomeAmt
Adjusted Net Income$82AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$7,805SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$6,624SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$6,624SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOYFMV$6CorporateStockEOYFMVAmt
Other Investments BOY$8,838OtherInvestmentsBOYAmt
Other Investments EOY$9,126OtherInvestmentsEOYAmt
Other Investments EOYFMV$16,541OtherInvestmentsEOYFMVAmt
Total Assets BOY$16,643TotalAssetsBOYAmt
Total Assets EOY$15,750TotalAssetsEOYAmt
Total Assets EOYFMV$23,171TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$31,494CapitalStockBOYAmt
Retained Earning BOY-$14,851RetainedEarningBOYAmt
Retained Earning EOY$15,750RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$16,643TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$15,750TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$16,643TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$15,750TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$16,643TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,662ExcessRevenueOverExpensesAmt
Other Increases$5,769OtherIncreasesAmt
Subtotal$15,750SubtotalAmt
Tot Net Ast Or Fund Balances EOY$15,750TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyWHITNEY STRATEGIC PARTNERS IVPropertyDesc
How AcquiredDHowAcquiredCd
Acquired2012-01-01AcquiredDt
Sold2013-12-31SoldDt
Gross Sales Price$628GrossSalesPriceAmt
Gain Or Loss$628GainOrLossAmt
Gains Minus Excess Or Losses$628GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$628CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$9,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$12,601NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.714229DistributionYr1Rt
Adjusted Qlfy Distri Yr2$118,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$14,224NetVlNoncharitableAssetsYr2Amt
Distribution Yr28.330990DistributionYr2Rt
Adjusted Qlfy Distri Yr3$9,140AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$17,082NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.535066DistributionYr3Rt
Adjusted Qlfy Distri Yr4$35,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$27,291NetVlNoncharitableAssetsYr4Amt
Distribution Yr41.282474DistributionYr4Rt
Adjusted Qlfy Distri Yr5$104,700AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$95,173NetVlNoncharitableAssetsYr5Amt
Distribution Yr51.100102DistributionYr5Rt
Total Distribution11.962861TotalDistributionRt
Average Distribution2.392572AverageDistributionRt
Net Vl Noncharitable Assets$17,938NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$42,918AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$42,919AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,800QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3InvestmentIncomeExciseTaxAmt
Subtotal$3SubtotalAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,619EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,619TotalPaymentsAndCreditsAmt
Overpayment$1,616OverpaymentAmt
Applied To ES Tax$1,616AppliedToESTaxAmt

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 StateNJOrgReportOrRegisterStateCd
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
Individual With BooksJUDITH ABRAMSIndividualWithBooksNm
Phone9736443139PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07906ZIPCode
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JUDITH ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960PRESIDENT /4.00$0$0$0
DOUGLAS ABRAMS
PO BOX 142ROSSCA94957VICE PRESIDE1.00$0$0$0
BRAD S ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960TREASURER1.00$0$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$9AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$9,076AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$9,126FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$18,211TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$18,211AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$273CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,938NetVlNoncharitableAssetsAmt
Minimum Investment Return$897MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$897MinimumInvestmentReturnAmt
Tax Based On Investment Income$3TaxBasedOnInvestmentIncomeAmt
Total Tax$3TotalTaxAmt
Distributable Before Adj$894DistributableBeforeAdjAmt
Distributable Before Ded$894DistributableBeforeDedAmt
Distributable As Adjusted$894DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,800ExpensesAndContributionsAmt
Qualifying Distributions$6,800QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,800AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$894DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$99,966ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$33,635ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$8,286ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$117,791ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$8,380ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$268,058TotalExcessDistributionCyovAmt
Qualifying Distributions$6,800QualifyingDistributionsAmt
Applied To Current Year$894AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,906RemainingDistriFromCorpusAmt
Total Corpus$273,964TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$99,966ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$173,998ExcessDistriCyovToNextYrAmt
Excess From Year4$33,635ExcessFromYear4Amt
Excess From Year3$8,286ExcessFromYear3Amt
Excess From Year2$117,791ExcessFromYear2Amt
Excess From Year1$8,380ExcessFromYear1Amt
Excess From Current Year$5,906ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJUDITH ABRAMSContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ROSS SCHOOL FOUNDATIONBusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 582AddressLine1
CityROSSCity
StateCAState
ZIP Code94957ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501(C)(3)RecipientFoundationStatusTxt
Grant Or Contribution PurposeGENERAL ORGANIZATIONAL SUPPORTGrantOrContributionPurposeTxt
Amt$6,800Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$6,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$53ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$29ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$628ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$710ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$710TotalIncomeProducingActyAmt

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

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (3 entries)

JUDITH ABRAMS
DOUGLAS ABRAMS
BRAD S ABRAMS

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMERRILL LYNCH 04281StockNm
EOYFMV$6EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemWHITNEY STRATEGIC PARTNERSCategoryOrItemTxt
Book Value$9,126BookValueAmt
EOYFMV$16,541EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
MERRILL LYNCH ANNUAL FEE$150$150
WHITNEY PTRS IV, LP - K1 FLOW$422$422

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescriptionPARTNERSHIP RETURN OF CAPITALDescription
Amount$5,769Amount

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