AOUNI FAKS FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
AOUNI FAKS FOUNDATION (EIN 30-6004475)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-14
IRS object ID
201433189349101248
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)
Return2014-11-14T14:23:07-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN453958606PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHREIBER & CALVO CPAS PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 HARBOR PARK DR NAddressLine1
CityPORT WASHINGTONCity
StateNYState
ZIP Code110504658ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN306004475EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AOUNI FAKS FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlAOUNBusinessNameControlTxt
Phone7188591110PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11203ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL FAKSPersonNm
Person TitleTREASURERPersonTitleTxt
Phone7188591110PhoneNum
Signature2014-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELVIN S SCHREIBER CPAPreparerPersonNm
PTINP00335001PTIN
Phone5164848700PhoneNum
Preparation2014-11-14PreparationDt
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$646,867FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$60,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$873InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$873InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$8,248DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,248DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$103,000GrossSalesPriceAmt
Total Rev And Expnss$69,118TotalRevAndExpnssAmt
Total Net Invst Incm$9,121TotalNetInvstIncmAmt
Taxes Rev And Expnss$200TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$127OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$127OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$327TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$127TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,327TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$127TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$63,791ExcessRevenueOverExpensesAmt
Net Investment Income$8,994NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$395,663SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$436,730SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$436,730SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$13,178CorporateStockBOYAmt
Corporate Stock EOY$13,178CorporateStockEOYAmt
Corporate Stock EOYFMV$12,860CorporateStockEOYFMVAmt
Corporate Bonds BOY$178,587CorporateBondsBOYAmt
Corporate Bonds EOY$201,311CorporateBondsEOYAmt
Corporate Bonds EOYFMV$197,277CorporateBondsEOYFMVAmt
Total Assets BOY$587,428TotalAssetsBOYAmt
Total Assets EOY$651,219TotalAssetsEOYAmt
Total Assets EOYFMV$646,867TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$587,428UnrestrictedBOYAmt
Unrestricted EOY$651,219UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$587,428TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$651,219TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$587,428TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$651,219TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$587,428TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$63,791ExcessRevenueOverExpensesAmt
Subtotal$651,219SubtotalAmt
Tot Net Ast Or Fund Balances EOY$651,219TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$103,000GrossSalesPriceAmt
Cost Or Other Basis$103,003CostOrOtherBasisAmt
Gain Or Loss-$3GainOrLossAmt
Gains Minus Excess Or Losses-$3GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$3CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$15,500AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$527,301NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.029395DistributionYr1Rt
Adjusted Qlfy Distri Yr2$24,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$478,183NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.051236DistributionYr2Rt
Adjusted Qlfy Distri Yr3$15,700AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$440,724NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.035623DistributionYr3Rt
Adjusted Qlfy Distri Yr4$22,430AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$391,010NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.057364DistributionYr4Rt
Adjusted Qlfy Distri Yr5$31,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$360,897NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.087283DistributionYr5Rt
Total Distribution0.260901TotalDistributionRt
Average Distribution0.052180AverageDistributionRt
Net Vl Noncharitable Assets$583,768NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$30,461AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$90NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$30,551AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$180InvestmentIncomeExciseTaxAmt
Subtotal$180SubtotalAmt
Tax Based On Investment Income$180TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$50EstimatedPlusOvpmtIncmTxAmt
Applied To Es Tax$500AppliedToEsTaxAmt
Total Payments And Credits$550TotalPaymentsAndCreditsAmt
Overpayment$370OverpaymentAmt
Applied To ES Tax$370AppliedToESTaxAmt

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 StateNYOrgReportOrRegisterStateCd
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 BooksDANIEL FAKSIndividualWithBooksNm
Phone7188591110PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11203ZIPCode
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 (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DANIEL FAKS
4302 FARRAGUT ROADBROOKLYNNY11203TREASURER0.00$0$0$0
IBRAHIM FAKS
4302 FARRAGUT ROADBROOKLYNNY11203VICE PRESIDE0.00$0$0$0
FREDDY FAKS
4302 FARRAGUT ROADBROOKLYNNY11203SECRETARY0.00$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$195,174AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$397,484AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$592,658TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$592,658AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,890CashDeemedCharitableAmt
Net Vl Noncharitable Assets$583,768NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,188MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,188MinimumInvestmentReturnAmt
Tax Based On Investment Income$180TaxBasedOnInvestmentIncomeAmt
Total Tax$180TotalTaxAmt
Distributable Before Adj$29,008DistributableBeforeAdjAmt
Distributable Before Ded$29,008DistributableBeforeDedAmt
Distributable As Adjusted$29,008DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,000ExpensesAndContributionsAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,008DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,516ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,940ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2$708ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$7,164TotalExcessDistributionCyovAmt
Qualifying Distributions$5,000QualifyingDistributionsAmt
Applied To Current Year$5,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$7,164ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$7,164ExcessDistributionCyovAppCYAmt
Undistributed Income CY$16,844UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1KEREN YOM-TOV INCBusinessNameLine1
Business Name Line21983 E 13TH STREETBusinessNameLine2

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11983 E 13TH STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11229ZIPCode
FieldValueIRS element (for citing)
Grant Or Contribution PurposeHELP A CHARITY WITH ITS BUDGETGrantOrContributionPurposeTxt
Amt$5,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$873ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,248ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,118ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,118TotalIncomeProducingActyAmt

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 PersonWORLD OF CHANTILLY INCContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14302 FARRAGUT ROADAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11203ZIPCode
FieldValueIRS element (for citing)
Total Contributions$60,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (3 entries)

DANIEL FAKS
IBRAHIM FAKS
FREDDY FAKS

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (7 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
JPMORGAN CHASE & CO NOTES$10,240$11,159
UBS AG JERSEY BRH
BARCLAYS BANK PLC$50,003$50,481
SASOL FING INTL PLC$15,341$13,950
ANNALY CAPITAL MGMT$36,987$35,639
HILTON HOTEL CORP$45,677$44,160
HORNBECK OFFSHORE SVCS$43,063$41,888

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockHSBC HLDGS PLCStockNm
EOY Book Value$13,178EOYBookValueAmt
EOYFMV$12,860EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
INVESTMENT EXPENSES$127$127

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS FILING FEECategoryTxt
Amt$200Amt

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