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OLSTEIN FAMILY FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
OLSTEIN FAMILY FOUNDATION INC (EIN 22-3205036)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-06-25
IRS object ID
201421769349100502
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)
Return2014-06-25T09:36:09-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN223079916PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAGLIN MISKIV & ASSOCIATES CPA'S PABusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1299 CHERRY HILL RD STE 100AddressLine1
CityPARSIPPANYCity
StateNJState
ZIP Code070541111ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223205036EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1OLSTEIN FAMILY FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlOLSTBusinessNameControlTxt
Phone9732189611PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CARE OF GOLDFARB 29 SINCLAIR TERRAddressLine1
CitySHORT HILLSCity
StateNJState
ZIP Code07078ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARRY OLSTEINPersonNm
Person TitleCHAIRMANPersonTitleTxt
Phone9732189611PhoneNum
Signature2014-06-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBARBARA A MISKIVPreparerPersonNm
PTINP00635462PTIN
Phone9732633300PhoneNum
Preparation2014-06-25PreparationDt
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$52,836FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$16,435ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1,553DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,553DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,553DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$3,549NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$33,478GrossSalesPriceAmt
Total Rev And Expnss$21,537TotalRevAndExpnssAmt
Total Net Invst Incm$1,553TotalNetInvstIncmAmt
Total Adj Net Incm$1,553TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,619AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,619AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$150OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl$150OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss$34InterestRevAndExpnssAmt
Interest Dsbrs Chrtbl$34InterestDsbrsChrtblAmt
Taxes Rev And Expnss$3TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,806TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,803TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$30,069ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$30,069ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$31,875TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$31,872TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$10,338ExcessRevenueOverExpensesAmt
Net Investment Income$1,553NetInvestmentIncomeAmt
Adjusted Net Income$1,553AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,450SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$23,489SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$23,489SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$35,190CorporateStockBOYAmt
Corporate Stock EOY$29,550CorporateStockEOYAmt
Corporate Stock EOYFMV$29,347CorporateStockEOYFMVAmt
Corporate Bonds BOY$50,000CorporateBondsBOYAmt
Total Assets BOY$90,640TotalAssetsBOYAmt
Total Assets EOY$53,039TotalAssetsEOYAmt
Total Assets EOYFMV$52,836TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$90,640RetainedEarningBOYAmt
Retained Earning EOY$53,039RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$90,640TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$53,039TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$90,640TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$53,039TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$90,640TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$10,338ExcessRevenueOverExpensesAmt
Subtotal$80,302SubtotalAmt
Other Decreases$27,263OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$53,039TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$38,260AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$57,635NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.663833DistributionYr1Rt
Adjusted Qlfy Distri Yr2$20,103AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$42,321NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.475012DistributionYr2Rt
Adjusted Qlfy Distri Yr3$151,064AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$10,465AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$70,780AdjustedQlfyDistriYr5Amt
Total Distribution1.138845TotalDistributionRt
Average Distribution0.569423AverageDistributionRt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Net Investment Income Pct$16NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$16AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$31,872QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$16InvestmentIncomeExciseTaxAmt
Subtotal$16SubtotalAmt
Tax Based On Investment Income$16TaxBasedOnInvestmentIncomeAmt
Tax Due$16TaxDueAmt

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
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressNONEWebsiteAddressTxt
Individual With BooksFOUNDATIONIndividualWithBooksNm
Phone9732189611PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line129 SINCLAIR TERRACEAddressLine1
CitySHORT HILLSCity
StateNJState
ZIP Code07078ZIPCode
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 (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
HARRY OLSTEIN
650 PARK AVE APT 19CNEW YORKNY10065CHAIRMAN1.00$0$0$0
NATALIE OLSTEIN
650 PARK AVE APT 19CNEW YORKNY10065SECRETARY1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$16TaxBasedOnInvestmentIncomeAmt
Total Tax$16TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$31,872ExpensesAndContributionsAmt
Qualifying Distributions$31,872QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$16PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$31,856AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$18,019ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$38,263ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$56,282TotalExcessDistributionCyovAmt
Qualifying Distributions$31,872QualifyingDistributionsAmt
Remaining Distri From Corpus$31,872RemainingDistriFromCorpusAmt
Total Corpus$88,154TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$88,154ExcessDistriCyovToNextYrAmt
Excess From Year2$18,019ExcessFromYear2Amt
Excess From Year1$38,263ExcessFromYear1Amt
Excess From Current Year$31,872ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHILDREN'S CAUSE CANCER ADVOCACY
750 1ST AVE NE 7TH FLOODWASHINGTONDC20002RESEARCH$1,500
BOCA WEST CANCER RESEARCH
19861C PLANTERS BLVDBOCA RATONFL33434RESEARCH$400
CONGREGATION B'NAI JESHURUN
1025 SOUTH ORANGE AVESHORT HILLSNJ07078RELIGIOUS$4,675
DIABETES RESEARCH INSTITUTE
200 S PARK RD STE 100HOLLYWOODFL33021RESEARCH$15,000
TEMPLE SINAI ROSLYN
425 ROSLYN RDROSLYN HEIGHTSNY11577RELIGIOUS$2,544
BACHMAN-STRAUSS DYSTONIA & PARKINSO
551 FIFTH AVE SUITE 520NEW YORKNY10176RESEARCH$500
ANTI-DEFAMATION LEAGUE
605 THIRD AVENEW YORKNY10158SOCIAL AWARENESS$1,200
FOUNDATIN FOR DIABETES RESEARCH
513 WEST MT PLEASANT AVELIVINGSTONNJ07039RESEARCH$500
CHABAD STUDENT CENTER AT VANDERBILT
111 23RD AVE NNASHVILLETN37203SOCIAL AWARENESS$1,000
ANDREW KUKES FOUNDATION FOR SOCIAL
200 E PALMETTO PARK ROADBOCA RATONFL33432SOCIAL ANXIETY AWARENESS$200
MARINE EDUCATIONAL FOUNDATION
PO BOX 1144MONTAUKNY11954ENVIRONMENTAL ISSUES$1,000
FOUNDATION FIGHTING BLINDNESS
7168 COLUMBIA GATEWAY DRCOLUMBIAMD21046RESEARCH$1,500
ASPCA
424 E 92ND STNEW YORKNY10128ANIMAL ISSUES$50
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$30,069TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,553RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,549RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,102RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,102TotalIncomeProducingActyAmt

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

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 PersonHARRY OLSTEINContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1650 PARK AVEAddressLine1
Address Line219CAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10065ZIPCode
FieldValueIRS element (for citing)
Total Contributions$16,435TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$1,619Amt
Disbursements Charitable Prps$1,619DisbursementsCharitablePrpsAmt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

HARRY OLSTEIN
NATALIE OLSTEIN

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (6 entries)

AssetAssetDescAcquiredAcquiredDtHow AcquiredHowAcquiredTxtSoldSoldDtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
GUGGENHEIM MACRO OPPORT FUND2012-11PURCHASE2013-07$2,981$3,044-$63
GUGGENHEIM MACRO OPPORT FUND2012-11PURCHASE2013-09$1,091$1,119-$28
GUGGENHEIM MACRO OPPORT FUND2012-11PURCHASE2013-11$992$1,008-$16
GUGGENHEIM MACRO OPPORT FUND2012-11PURCHASE2013-11$1,500$1,533-$33
GUGGENHEIM MACRO OPPORT FUND2012-11PURCHASE2013-11$485$488-$3
ARGENTINA BOND2009-01PURCHASE2013-12$26,429$22,737$3,692

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondARGENTINIA REP BONDBondNm

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockGUGGENHEIM MARCO OPPORTStockNm
EOY Book Value$29,550EOYBookValueAmt
EOYFMV$29,347EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescriptionCORRECT COST ARGENTINA BONDDescription
Amount$27,263Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$150Amt
Disbursements Charitable Prps$150DisbursementsCharitablePrpsAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonHARRY OLSTEINPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1650 PARK AVE 19CAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10065ZIPCode

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$3Amt

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