DAVID J SOLOWAY FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- DAVID J SOLOWAY FOUNDATION INC (EIN 20-1360694)
- Tax period
- 2012-12-01 to 2013-11-30
- Filed
- 2014-07-07
- IRS object ID
- 201421919349100012
- Schema version
- 2012v2.2
- 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
- Form 990-PF
- Gain Loss Sale Other Assets Sch
- General Explanation Attachment
- Investments Corp Stock Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-07-07T12:39:04-00:00 | Timestamp |
| Tax Period End Date | 2013-11-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Hollow Lane Suite 212 | AddressLine1 |
| City | Lake Success | City |
| State | NY | State |
| ZIP Code | 11042 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-12-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201360694 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The David J Soloway Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 9176562627 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2014 S Federal Hwy B-107 | AddressLine1 |
| City | Boynton Beach | City |
| State | FL | State |
| ZIP Code | 33435 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David Soloway | Name |
| Title | President | Title |
| Date Signed | 2014-07-07 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2014-07-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 2444778 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Interest On Savings Rev And Expnss | 20 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 20 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 28669 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 28669 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 49792 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 805524 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 117400 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 78481 | TotalRevenueAndExpenses |
| Total Net Investment Income | 146089 | TotalNetInvestmentIncome |
| Taxes Rev And Expnss | 361 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 11088 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 11088 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 11449 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 11088 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 102500 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 102500 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 113949 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 113588 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -35468 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 146089 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 99848 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 99995 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 99995 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 1637167 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 1601552 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 2344783 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 1737015 | TotalAssetsBOY |
| Total Assets EOY | 1701547 | TotalAssetsEOY |
| Total Assets EOYFMV | 2444778 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1737015 | RetainedEarningsBOY |
| Retained Earnings EOY | 1701547 | RetainedEarningsEOY |
| Total Net Assets BOY | 1737015 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1701547 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1737015 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1701547 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1737015 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -35468 | ExcessOfRevenueOverExpenses |
| Subtotal | 1701547 | Subtotal |
| Total Net Assets Fund Balances EOY | 1701547 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Publicly-traded Securities | DescriptionOfAsset |
| Gross Sales Price | 805524 | GrossSalesPrice |
| Cost Or Other Basis | 755732 | CostOrOtherBasis |
| Gain Or Loss | 117400 | GainOrLoss |
| Gains Minus Excess Or Losses | 117400 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 117400 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 120776 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 2250401 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.053669 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 102923 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 2516000 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.040907 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 85690 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 2113853 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.040537 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 69888 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 1790651 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 000.039029 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 39870 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 1880813 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 000.021198 | DistributionRatioYear5 |
| Total Distribution Ratio | 000.195340 | TotalDistributionRatio |
| Average Distribution Ratio | 000.039068 | AverageDistributionRatio |
| Net Noncharitable Assets | 2321513 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 90697 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 1461 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 92158 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 113588 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 1461 | InvestmentIncomeExciseTax |
| Subtotal | 1461 | Subtotal |
| Tax Based On Investment Income | 1461 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 200 | EstTaxPaymentsAndOverpayment |
| Tax Paid With Extension | 1261 | TaxPaidWithExtension |
| Total Credits And Payments | 1461 | TotalCreditsAndPayments |
| Tax Paid Original Return | 1461 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | co Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Raymond DeStasio | ||||||
| 2014 S Federal Hwy B-107 | Boynton Beach | FL | 33435 | Dir | 001.00 | 0 |
| David J Soloway | ||||||
| 2014 S Federal Hwy B-107 | Boynton Beach | FL | 33435 | Pres / Dir / Treas | 001.00 | 0 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 2240902 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 115964 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 2356866 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 2356866 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 35353 | CashDeemedCharitable |
| Net Noncharitable Assets | 2321513 | NetNoncharitableAssets |
| Minimum Investment Return | 116076 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 116076 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 1461 | TaxBasedOnInvestmentIncome |
| Total Tax | 1461 | TotalTax |
| Distributable Amount Before Adj | 114615 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 114615 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 114615 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 113588 | ExpensesAndContributions |
| Qualifying Distributions | 113588 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 1461 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 112127 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 114615 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 110906 | UndistributedIncomePriorYear |
| Qualifying Distributions | 113588 | QualifyingDistributions |
| Applied To Year1 | 110906 | AppliedToYear1 |
| Applied To Current Year | 2682 | AppliedToCurrentYear |
| Undistributed Income CY | 111933 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN FRIENDS OF YAD ELIEZER INC | |||||||
| 1102 E 26TH ST | BROOKLYN | NY | 11210 | N/A | 509a1 | Big Brother Big Sisters Program Widow Orphan Fund | $20,000 |
| AMIT CHILDREN INC | |||||||
| 817 BROADWAY FL 3 | NEW YORK | NY | 10003 | N/A | 509a1 | Mother-in-Israel Campaign | $15,000 |
| DSBLD AMER VETERANS CHRTBL SRV TRUST | |||||||
| 3725 ALEXANDRIA PIKE | COLD SPRING | KY | 41076 | N/A | 509a1 | Disable Veterans | $5,000 |
| FRIENDS OF THE ISRAEL DEFENSE FORCES | |||||||
| 1430 BROADWAY RM 1301 | NEW YORK | NY | 10018 | N/A | 509a1 | Spiritual Needs Program and Dignity Program | $20,000 |
| KEREN-OR INC | |||||||
| 350 7TH AVE | NEW YORK | NY | 10001 | N/A | 509a1 | Programs of Service for Adults and Children With Multiple Disabilities | $25,000 |
| RABBINICAL COLLEGE OF TELSHE INC | |||||||
| 28400 EUCLID AVE | WICKLIFFE | OH | 44092 | N/A | 509a1 | Computer for Telshe Yeshiva Students and Library Book/Periodical | $7,500 |
| UNIVERSITY OF MIAMI | |||||||
| 1095 NW 14TH TERRACE | MIAMI | FL | 33136 | N/A | 509a1 | The Miami Project to Cure Paralysis | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 102500 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $20 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $28,669 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $49,792 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $78,481 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 78481 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Publicly-traded Securities | Name |
| Gross Sales Price | 805524 | GrossSalesPrice |
| Basis | 755732 | Basis |
| Total Net | 49792 | TotalNet |
General Explanation Attachment GeneralExplanationAttachment
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (6 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 83 shares of AMAZON COM | 22170 | 32670 |
| 100 shares of CHIPOLTE MEX GRILL | 49242 | 52386 |
| 1191 shares of COSTCO WHOLESALE CORP | 124926 | 149387 |
| 1430 shares of ISHARES NASDAQ BIOTECHNOLOGY | 249846 | 320549 |
| 47892 shares of ORACLE CORP | 1053296 | 1690109 |
| 11379 shares of PIMCO FLOATING INCOME CLASS A | 102072 | 99682 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| Administrative Fees | 11027 | 11027 |
| State or Local Filing Fees | 61 | 61 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount |
|---|---|
| Estimated Tax for 2013 | $200 |
| Excise Tax for 2012 | $161 |
Comments