THE EDDIE AND RACHELLE BETESH FAMILY FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
THE EDDIE AND RACHELLE BETESH FAMILY FOUNDATION INC (EIN 13-3981963)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-14
IRS object ID
201433189349101333
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)
Return2014-11-14T14:09:08-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HECHT AND COMPANY PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 5TH AVENUE - 68TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code101180110ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133981963EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE EDDIE AND RACHELLE BETESHBusinessNameLine1
Business Name Line2FAMILY FOUNDATION INCBusinessNameLine2
FieldValueIRS element (for citing)
In Care Of% EDDIE BETESHInCareOfNm
Business Name ControlEDDIBusinessNameControlTxt
Phone2128424000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O SARAMAX APPAREL 1372 BROADWAYAddressLine1
Address Line27TH FLOOR SuiteAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDDIE BETESHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2128198000PhoneNum
Signature2014-11-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN STERNPreparerPersonNm
PTINP00180118PTIN
Phone2128198000PhoneNum
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$963,721FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$995,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$995,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$9,448TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Dsbrs Chrtbl$9,448TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$1,013OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$346OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$10,461TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$9,794TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,103,302ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,103,302ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,113,763TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,113,096TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$118,763ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$123,792CashBOYAmt
Cash EOY$12,521CashEOYAmt
Cash EOYFMV$12,521CashEOYFMVAmt
Rcvbl From Officers BOY$9,692RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$2,200RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$2,200RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl$949,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$1,196,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$949,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$949,000OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$1,329,484TotalAssetsBOYAmt
Total Assets EOY$963,721TotalAssetsEOYAmt
Total Assets EOYFMV$963,721TotalAssetsEOYFMVAmt
Loans From Officers BOY$1,196,000LoansFromOfficersBOYAmt
Loans From Officers EOY$1,196,000LoansFromOfficersEOYAmt
Total Liabilities BOY$1,196,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,196,000TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$133,484CapitalStockBOYAmt
Capital Stock EOY-$232,279CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$133,484TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY-$232,279TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,329,484TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$963,721TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$133,484TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$118,763ExcessRevenueOverExpensesAmt
Subtotal$14,721SubtotalAmt
Other Decreases$247,000OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY-$232,279TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,697,142AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$69,423NetVlNoncharitableAssetsYr1Amt
Distribution Yr124.446394DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,040,334AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$32,491NetVlNoncharitableAssetsYr2Amt
Distribution Yr232.019144DistributionYr2Rt
Adjusted Qlfy Distri Yr3$912,732AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$22,029NetVlNoncharitableAssetsYr3Amt
Distribution Yr341.433202DistributionYr3Rt
Adjusted Qlfy Distri Yr4$390,782AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$6,039NetVlNoncharitableAssetsYr4Amt
Distribution Yr464.70972DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,167,714AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$7,657NetVlNoncharitableAssetsYr5Amt
Distribution Yr5152.502808DistributionYr5Rt
Total Distribution315.111268TotalDistributionRt
Average Distribution63.022254AverageDistributionRt
Net Vl Noncharitable Assets$29,542NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,861,803AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,861,803AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,113,096QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
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 StateDEOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1EDDIE BETESHBusinessNameLine1
FieldValueIRS element (for citing)
Phone2124818550PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O SARAMAX APPARELAddressLine1
CityBROADWAYCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnYes (true)TransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsYes (true)ActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsYes (true)UncorrectedPriorActsInd
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
EDDIE BETESH
C/O SARAMAX APPAREL 1372 BROADWAYNEW YORKNY10018PRESIDENT1.0$0$0$0
RACHELLE BETESH
C/O SARAMAX APPAREL 1372 BROADWAYNEW YORKNY10018TREASURER1.0$0$0$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$29,992AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$29,992TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$29,992AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$450CashDeemedCharitableAmt
Net Vl Noncharitable Assets$29,542NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,477MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,477MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$1,477DistributableBeforeAdjAmt
Distributable Before Ded$1,477DistributableBeforeDedAmt
Distributable As Adjusted$1,477DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,113,096ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,113,096QualifyingDistributionsAmt
Adjusted Qualifying Distri$1,113,096AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,477DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22010PriorYear2Yr
Prior Year32009PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$1,167,331ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$390,480ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$911,631ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,038,709ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,693,671ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$5,201,822TotalExcessDistributionCyovAmt
Qualifying Distributions$1,113,096QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$1,477AppliedToCurrentYearAmt
Remaining Distri From Corpus$1,111,619RemainingDistriFromCorpusAmt
Total Corpus$6,313,441TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,167,331ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$5,146,110ExcessDistriCyovToNextYrAmt
Excess From Year4$390,480ExcessFromYear4Amt
Excess From Year3$911,631ExcessFromYear3Amt
Excess From Year2$1,038,709ExcessFromYear2Amt
Excess From Year1$1,693,671ExcessFromYear1Amt
Excess From Current Year$1,111,619ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEDDIE RACHELLE BETESHContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHMENT 71BusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1
Address Line2VARIOUSAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED CHARITABLE PURPOSESGrantOrContributionPurposeTxt
Amt$1,103,302Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,103,302TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp
Subtotals Incm Producing ActySubtotalsIncmProducingActyGrp

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 PersonEDDIE RACHELLE BETESHContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11868 E 9TH STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11223ZIPCode
FieldValueIRS element (for citing)
Total Contributions$995,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Depreciation Schedule DepreciationSchedule

Investments Land Schedule2 InvestmentsLandSchedule2

Land Etc Schedule2 LandEtcSchedule2

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescriptionPRIOR PERIOD ADJUSTMENTDescription
Amount$247,000Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$667
FILING FEES$211$211
PUBLIC INSPECTION AD$135$135

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescCASH OVERDRAFTDesc

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1YESHIVA BUILDING FUNDBusinessNameLine1
FieldValueIRS element (for citing)
Balance Due$949,000BalanceDueAmt

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