CHARLES AND EDNA LEVINE FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
CHARLES AND EDNA LEVINE FAMILY FOUNDATION INC (EIN 52-2232281)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-13
IRS object ID
201301339349101420
Schema version
2012v2.1
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)
Timestamp2013-05-13T12:41:35-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN521645472EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Weil Akman Baylin & Coleman PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1201 West Padonia Road Suite 600AddressLine1
CityTimoniumCity
StateMDState
ZIP Code210932186ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN522232281EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The Charles and Edna Levine Family FoundationIncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCHARNameControl
Phone4104868999Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line13111 Hatton RoadAddressLine1
CityBaltimoreCity
StateMDState
ZIP Code21208ZIPCode

Officer Officer

FieldValueIRS element (for citing)
Namecharles levineName
TitleTrusteeTitle
Phone4104868999Phone
Date Signed2013-05-08DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey Coleman JDCPAABVCVAName
PTINP00026041PTIN
Phone4105614411Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY369875FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss338ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss7342DividendsRevAndExpnss
Dividends Net Invst Incm6154DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss10740NetGainSaleAssetsRevAndExpnss
Gross Sales Price82267GrossSalesPrice
Capital Gain Net Incm Net Invst Incm10740CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses18420TotalRevenueAndExpenses
Total Net Investment Income16894TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Taxes Rev And Expnss565TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps0TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss565TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss15000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps15000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss15565TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps15000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses2855ExcessOfRevenueOverExpenses
Net Investment Income16894NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY10406CashBOY
Cash EOY11762CashEOY
Cash EOYFMV11762CashEOYFMV
Other Notes And Loans Receivable10000OtherNotesAndLoansReceivable
Allwnc For Dbtfl Acct Other Rcvbl0AllwncForDbtflAcctOtherRcvbl
Other Notes And Loans Rcvbl BOY10000OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY10000OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV10000OtherNotesAndLoansRcvblEOYFMV
Investments Corp Stock BOY298186InvestmentsCorpStockBOY
Investments Corp Stock EOY299685InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV348113InvestmentsCorpStockEOYFMV
Total Assets BOY318592TotalAssetsBOY
Total Assets EOY321447TotalAssetsEOY
Total Assets EOYFMV369875TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY529223CapitalStockBOY
Capital Stock EOY529223CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY-210631RetainedEarningsBOY
Retained Earnings EOY-207776RetainedEarningsEOY
Total Net Assets BOY318592TotalNetAssetsBOY
Total Net Assets EOY321447TotalNetAssetsEOY
Total Liabilities Net Assets BOY318592TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY321447TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY318592TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses2855ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal321447Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY321447TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (12 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesDate AcquiredDateAcquired
Eaton VanceP2012-07-126565956161
John Hancock DisciplinedP2012-12-06285826771811812012-07-13
Loomis Sayles Small CapP2012-02-03727571231521522012-10-04
Brown Capital MGTP2012-02-017123491122122212
Eaton VanceP2012-07-12308402796928712871
EssexP2012-08-2861294633149614962010-02-04
ING Real EstateP2012-12-06223720801571572011-06-01
iShares Core S&PP2012-12-06410931329779772010-02-04
iShares TR CohenP2012-12-0612217904314312010-02-04
iShares TR MSCIP2012-07-121447815859-1381-1381
Vanguard Morgan GrowthP2012-12-06235517585975972010-02-04
Capital Gains DividendsP298629862986
FieldValueIRS element (for citing)
Capital Gain Net Income10740CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year115000QualifyingDistributionsYear1
Noncharitable Assets Year1360888NoncharitableAssetsYear1
Distribution Ratio Year10.041564DistributionRatioYear1
Qualifying Distributions Year223575QualifyingDistributionsYear2
Noncharitable Assets Year2344699NoncharitableAssetsYear2
Distribution Ratio Year20.068393DistributionRatioYear2
Qualifying Distributions Year36000QualifyingDistributionsYear3
Noncharitable Assets Year3289529NoncharitableAssetsYear3
Distribution Ratio Year30.020723DistributionRatioYear3
Qualifying Distributions Year419000QualifyingDistributionsYear4
Noncharitable Assets Year4404742NoncharitableAssetsYear4
Distribution Ratio Year40.046943DistributionRatioYear4
Qualifying Distributions Year526350QualifyingDistributionsYear5
Noncharitable Assets Year5499694NoncharitableAssetsYear5
Distribution Ratio Year50.052732DistributionRatioYear5
Total Distribution Ratio0.230355TotalDistributionRatio
Average Distribution Ratio0.046071AverageDistributionRatio
Net Noncharitable Assets349268NetNoncharitableAssets
Adjusted Noncharitable Assets16091AdjustedNoncharitableAssets
One Percent Net Investment Income169OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One16260AdjNonchrtblAssetsAndOnePct
Qualifying Distributions15000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax338InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal338Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income338TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due338TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithMDStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors0NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameJeffrey M ColemanBooksInCareOfPersonName
Books In Care Of Phone Number4104868999BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line13111 Hatton RoadAddressLine1
CityBaltimoreCity
StateMDState
ZIP Code21208ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1ForeignAddress/AddressLine1CountryForeignAddress/CountryTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowancesAddress Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCode
Richard M Levine
3 Bilu KatamonISPresident/Trustee0.00000
Jerrold S Levine
Vice-President/Trustee0.000001909 Oak Crest DriveOaklandCA94602
Susan Henri Levine Coleman
Secretary-Treasurer/Truste0.000003111 Hatton RoadBaltimoreMD21208
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1N/ADescription1
Expenses10Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities333502AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances11085AvgMonthlyCashBalances
FMV All Other Noncharitable Assets10000FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets354587TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets354587AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable5319CashDeemedCharitable
Net Noncharitable Assets349268NetNoncharitableAssets
Minimum Investment Return17463MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return17463MinimumInvestmentReturn
Tax Based On Investment Income338TaxBasedOnInvestmentIncome
Total Tax338TotalTax
Distributable Amount Before Adj17125DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded17125DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted17125DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions15000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions15000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions15000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted17125DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year25880ExcessDistriCarryoverYear2
Total Excess Distri Carryover5880TotalExcessDistriCarryover
Qualifying Distributions15000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year15000AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus2125ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY2125ExcessDistriCyovAppliedCY
Total Corpus3755TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year3755ExcessDistriCyovToNextYear
Excess From Year23755ExcessFromYear2

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
Ahavas Yisrael Charity Fund
3706 Clarks LaneBaltimoreMD21215NONE501(c)3Provide assistance to needy families$4,000
PEF - Israel Endowment Funds Inc
317 Madison Ave - Suite 607New YorkNY10017NONE501(c)3Provides food & various services for needy people$5,000
Pacific Community Ventures
51 Federal StSan FranciscoCA94107NONE501(c)3Organization stimulates business and job creation in lower income communities$2,500
Pearlstone Conference & Retreat Center
3111 Hatton RdBaltimoreMD21208NONE501(c)3To provide a facility to enhance educational programs by it or others.$1,000
Temple Beth Abraham
336 Euclid AveOaklandCA94610NONEPublic CharityTo assist religous and charitable activity in the co$2,500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year15000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$7,342ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$10,740ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$18,082ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA18082TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockCorporate Securities/Mutual FundsNameOfStock
EOY Book Value299685EOYBookValue
EOYFMV348113EOYFMV

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLong

Borrowers Name BorrowersName

Business Business

FieldValueIRS element (for citing)
Business Name Line1Netivot Shalom SynagougeBusinessNameLine1
FieldValueIRS element (for citing)
Relationship To InsiderNoneRelationshipToInsider
Original Amount Of Loan10000OriginalAmountOfLoan
Balance Due0BalanceDue
Date Of Note2005-09DateOfNote
Maturity Date2010-09MaturityDate
Repayment TermsOn MaturityRepaymentTerms
Interest Rate6.000000000000InterestRate
Security Provided By BorrowerPromissory NoteSecurityProvidedByBorrower
Purpose Of LoanReligiousPurposeOfLoan
Consideration Fmv0ConsiderationFmv

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
Excise Tax$33800
Foriegn Taxes Paid$22700

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