DAVID J SOLOWAY FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
DAVID J SOLOWAY FOUNDATION INC (EIN 20-1360694)
Tax period
2011-12-01 to 2012-11-30
Filed
2013-04-04
IRS object ID
201300949349100600
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-04-04T08:59:09-00:00Timestamp
Tax Period End Date2012-11-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line155 Walls DriveAddressLine1
CityFairfieldCity
StateCTState
ZIP Code06824ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-12-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN201360694EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The David J Soloway Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlDAVINameControl
Phone9176562627Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line12014 S Federal Hwy B-107AddressLine1
CityBoynton BeachCity
StateFLState
ZIP Code33435ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDavid J SolowayName
TitlePresidentTitle
Date Signed2013-03-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey D HaskellName
Phone8008391754Phone
Date Prepared2013-03-15DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY2321435FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss234InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm234InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss15802DividendsRevAndExpnss
Dividends Net Invst Incm15802DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss-40521NetGainSaleAssetsRevAndExpnss
Gross Sales Price536975GrossSalesPrice
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss15OtherIncomeRevAndExpnss
Other Income Net Invst Incm15OtherIncomeNetInvstIncm
Total Revenue And Expenses-24470TotalRevenueAndExpenses
Total Net Investment Income16051TotalNetInvestmentIncome
Taxes Rev And Expnss2940TaxesRevAndExpnss
Other Expenses Rev And Expnss10937OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps10937OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss13877TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps10937TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss110000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps110000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss123877TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps120937TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-148347ExcessOfRevenueOverExpenses
Net Investment Income16051NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY384487SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY99848SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV99848SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1500875InvestmentsCorpStockBOY
Investments Corp Stock EOY1637167InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV2221587InvestmentsCorpStockEOYFMV
Total Assets BOY1885362TotalAssetsBOY
Total Assets EOY1737015TotalAssetsEOY
Total Assets EOYFMV2321435TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1885362RetainedEarningsBOY
Retained Earnings EOY1737015RetainedEarningsEOY
Total Net Assets BOY1885362TotalNetAssetsBOY
Total Net Assets EOY1737015TotalNetAssetsEOY
Total Liabilities Net Assets BOY1885362TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1737015TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1885362TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-148347ExcessOfRevenueOverExpenses
Subtotal1737015Subtotal
Total Net Assets Fund Balances EOY1737015TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetPublicly-traded SecuritiesDescriptionOfAsset
Gross Sales Price536975GrossSalesPrice
Cost Or Other Basis577496CostOrOtherBasis
Gain Or Loss-40521GainOrLoss
Gains Minus Excess Or Losses-40521GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income-40521CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1102923QualifyingDistributionsYear1
Noncharitable Assets Year12516000NoncharitableAssetsYear1
Distribution Ratio Year1000.040907DistributionRatioYear1
Qualifying Distributions Year285690QualifyingDistributionsYear2
Noncharitable Assets Year22113853NoncharitableAssetsYear2
Distribution Ratio Year2000.040537DistributionRatioYear2
Qualifying Distributions Year369888QualifyingDistributionsYear3
Noncharitable Assets Year31790651NoncharitableAssetsYear3
Distribution Ratio Year3000.039029DistributionRatioYear3
Qualifying Distributions Year439870QualifyingDistributionsYear4
Noncharitable Assets Year41880813NoncharitableAssetsYear4
Distribution Ratio Year4000.021198DistributionRatioYear4
Qualifying Distributions Year518499QualifyingDistributionsYear5
Noncharitable Assets Year5731869NoncharitableAssetsYear5
Distribution Ratio Year5000.025276DistributionRatioYear5
Total Distribution Ratio000.166947TotalDistributionRatio
Average Distribution Ratio000.033389AverageDistributionRatio
Net Noncharitable Assets2250401NetNoncharitableAssets
Adjusted Noncharitable Assets75139AdjustedNoncharitableAssets
One Percent Net Investment Income161OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One75300AdjNonchrtblAssetsAndOnePct
Qualifying Distributions120937QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax161InvestmentIncomeExciseTax
Subtotal161Subtotal
Tax Based On Investment Income161TaxBasedOnInvestmentIncome
Tax Due161TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1co Foundation SourceBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8008391754BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncometrueProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Raymond DeStasio
2014 S Federal Hwy B-107Boynton BeachFL33435Director002.000
David J Soloway
2014 S Federal Hwy B-107Boynton BeachFL33435President / Director / Treasurer004.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1952386AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances332285AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets2284671TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets2284671AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable34270CashDeemedCharitable
Net Noncharitable Assets2250401NetNoncharitableAssets
Minimum Investment Return112520MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return112520MinimumInvestmentReturn
Tax Based On Investment Income161TaxBasedOnInvestmentIncome
Total Tax161TotalTax
Distributable Amount Before Adj112359DistributableAmountBeforeAdj
Distributable Amount Before Ded112359DistributableAmountBeforeDed
Distributable Amount As Adjusted112359DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions120937ExpensesAndContributions
Qualifying Distributions120937QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm161OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions120776AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted112359DistributableAmountAsAdjusted
Undistributed Income Prior Year119484UndistributedIncomePriorYear
Qualifying Distributions120937QualifyingDistributions
Applied To Year1119484AppliedToYear1
Applied To Current Year1453AppliedToCurrentYear
Undistributed Income CY110906UndistributedIncomeCY

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (7 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
AMERICAN FRIENDS OF YAD ELIEZER INC
1102 E 26TH STBROOKLYNNY11210N/A509(a)(1)Big Brothers Big Sisters Program Widow Orphan Fund$25,000
AMIT CHILDREN INC
817 BROADWAY FL 4NEW YORKNY10003N/A509(a)(1)Mother-in-Israel Campaign$15,000
DSBLD AMER VETERANS CHRTBL SRVC TRS
3725 ALEXANDRIA PIKECOLD SPRINGKY41076N/A509(a)(1)Disabled Veterans$5,000
FRIENDS OF THE ISRAEL DEFENSE FORCE
1430 BROADWAY RM 1301NEW YORKNY10018N/A509(a)(1)Spiritual Needs Program and Dignity Program$25,000
KEREN-OR INC
350 7TH AVENEW YORKNY10001N/A509(a)(1)Programs of Service for Adults$25,000
RABBINICAL COLLEGE OF TELSHE INC
28400 EUCLID AVEWICKLIFFEOH44092N/A509(a)(1)Computers for Telshe Yeshiva Students and Library Book/Periodical$5,000
UNIVERSITY OF MIAMI
1095 NW 14TH TERRACEMIAMIFL33136N/A509(a)(1)The Miami Project to Cure Paralysis$10,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year110000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$234ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$15,802ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$40,521ExclusionAmount

Other Revenue Described OtherRevenueDescribed

FieldValueIRS element (for citing)
DescriptionNet Bank Charge RefundsDescription
Exclusion Code01ExclusionCode
Exclusion$15ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion-$24,470ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA-24470TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (4 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
79 shares of APPLE INC. AAPL2046146237
22041 shares of ISHARES GOLD TRUST IAU357515367644
52913 shares of ORACLE CORP ORCL11557241702741
9856 shares of PIMCO FUNDS LOW DURATION FUND CLASS A PTLAX103467104965

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionAdministrative FeesDescription
Revenue And Expenses Per Books10937RevenueAndExpensesPerBooks
Disbursements Charitable Prps10937DisbursementsCharitablePrps

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionNet Bank Charge RefundDescription
Revenue And Expenses Per Books15RevenueAndExpensesPerBooks
Net Investment Income15NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryExcise Tax for 2011Category
Amount$2,940Amount
Net Investment Income0NetInvestmentIncome
Adjusted Net Income0AdjustedNetIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

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