OLSTEIN FAMILY FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- OLSTEIN FAMILY FOUNDATION INC (EIN 22-3205036)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-09-16
- IRS object ID
- 201302599349100710
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Compensation Explanation
- Gain Loss Sale Other Assets Sch
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-09-16T11:55:26-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223079916 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAGLIN MISKIV & ASSOCIATES CPA'S PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 299 CHERRY HILL RD STE 100 | AddressLine1 |
| City | PARSIPPANY | City |
| State | NJ | State |
| ZIP Code | 070541111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223205036 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLSTEIN FAMILY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | OLST | NameControl |
| Phone | 9732189611 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CARE OF GOLDFARB 29 SINCLAIR TERR | AddressLine1 |
| City | SHORT HILLS | City |
| State | NJ | State |
| ZIP Code | 07078 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | HARRY OLSTEIN | Name |
| Title | CHAIRMAN | Title |
| Phone | 9732189611 | Phone |
| Date Signed | 2013-09-06 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BARBARA A MISKIV | Name |
| Phone | 9732633300 | Phone |
| Date Prepared | 2013-09-16 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 57633 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 50000 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 258 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 258 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 258 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 699 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 23667 | GrossSalesPrice |
| Total Revenue And Expenses | 50957 | TotalRevenueAndExpenses |
| Total Net Investment Income | 258 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 258 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 2137 | AccountingFeesRevAndExpnss |
| Other Prof Fees Rev And Expnss | 150 | OtherProfFeesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 2287 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 38263 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 38263 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 40550 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 38263 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 10407 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 258 | NetInvestmentIncome |
| Adjusted Net Income | 258 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 7333 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 5450 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 5450 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 22900 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 35190 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 35433 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 50000 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 50000 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 16750 | InvestmentsCorpBondsEOYFMV |
| Total Assets BOY | 80233 | TotalAssetsBOY |
| Total Assets EOY | 90640 | TotalAssetsEOY |
| Total Assets EOYFMV | 57633 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 80233 | RetainedEarningsBOY |
| Retained Earnings EOY | 90640 | RetainedEarningsEOY |
| Total Net Assets BOY | 80233 | TotalNetAssetsBOY |
| Total Net Assets EOY | 90640 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 80233 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 90640 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 80233 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 10407 | ExcessOfRevenueOverExpenses |
| Subtotal | 90640 | Subtotal |
| Total Net Assets Fund Balances EOY | 90640 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 20103 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 42321 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.475012 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 151064 | QualifyingDistributionsYear2 |
| Qualifying Distributions Year3 | 10465 | QualifyingDistributionsYear3 |
| Qualifying Distributions Year4 | 70780 | QualifyingDistributionsYear4 |
| Qualifying Distributions Year5 | 79174 | QualifyingDistributionsYear5 |
| Total Distribution Ratio | 0.475012 | TotalDistributionRatio |
| Average Distribution Ratio | 0.475012 | AverageDistributionRatio |
| Net Noncharitable Assets | 0 | NetNoncharitableAssets |
| One Percent Net Investment Income | 3 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 3 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 38263 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 3 | InvestmentIncomeExciseTax |
| Subtotal | 3 | Subtotal |
| Tax Based On Investment Income | 3 | TaxBasedOnInvestmentIncome |
| Tax Due | 3 | TaxDue |
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 |
| States Filed With | NJ | StatesFiledWith |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | NONE | WebsiteAddress |
| Books In Care Of Person Name | FOUNDATION | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 9732189611 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 29 SINCLAIR TERRACE | AddressLine1 |
| City | SHORT HILLS | City |
| State | NJ | State |
| ZIP Code | 07078 | 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 |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| 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 | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| HARRY OLSTEIN | ||||||||
| 650 PARK AVE APT 19C | NEW YORK | NY | 10065 | CHAIRMAN | 1.00 | 0 | 0 | 0 |
| NATALIE OLSTEIN | ||||||||
| 650 PARK AVE APT 19C | NEW YORK | NY | 10065 | SECRETARY | 1.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 0 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 0 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 0 | CashDeemedCharitable |
| Net Noncharitable Assets | 0 | NetNoncharitableAssets |
| Minimum Investment Return | 0 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Based On Investment Income | 3 | TaxBasedOnInvestmentIncome |
| Total Tax | 3 | TotalTax |
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 38263 | ExpensesAndContributions |
| Qualifying Distributions | 38263 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 3 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 38260 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 18019 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 18019 | TotalExcessDistriCarryover |
| Qualifying Distributions | 38263 | QualifyingDistributions |
| Remaining Distri From Corpus | 38263 | RemainingDistriFromCorpus |
| Total Corpus | 56282 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 56282 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 18019 | ExcessFromYear1 |
| Excess From Current Year | 38263 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|
| CHILDREN'S CAUSE CANCER ADVOCACY | |||||
| 750 1ST AVE NE 7TH FLOOD | WASHINGTON | DC | 20002 | RESEARCH | $600 |
| BOCA WEST CANCER RESEARCH | |||||
| 19861C PLANTERS BLVD | BOCA RATON | FL | 33434 | RESEARCH | $350 |
| CONGREGATION B'NAI JESHURUN | |||||
| 1025 SOUTH ORANGE AVE | SHORT HILLS | NJ | 07078 | RELIGIOUS | $8,219 |
| DIABETES RESEARCH INSTITUTE | |||||
| 200 S PARK RD STE 100 | HOLLYWOOD | FL | 33021 | RESEARCH | $25,250 |
| TEMPLE SINAI ROSLYN | |||||
| 425 ROSLYN RD | ROSLYN HEIGHTS | NY | 11577 | RELILGIOUS | $2,544 |
| OVARIAN CANCER RESEARCH | |||||
| 9605 SCRANTON RD STE 250 | SAN DIEGO | CA | 92121 | RESEARCH | $1,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 38263 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 258 | RelatedOrExemptFunctionIncome |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 699 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 957 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 957 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | HARRY OLSTEIN | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 650 PARK AVE | AddressLine1 |
| Address Line2 | 19C | AddressLine2 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 50000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT ACCOUNTING FEES | Category |
| Amount | $2,137 | Amount |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| HARRY OLSTEIN |
| NATALIE OLSTEIN |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAsset (2 entries)
| NameName | Date AcquiredDateAcquired | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | BasisBasis | Total NetTotalNet |
|---|---|---|---|---|---|---|
| 103.294 LOOMIS SAYLES STRAT INCOME | 2011-02 | PURCHASE | 2012-02 | 1559 | 1546 | 13 |
| 1464.404 LOOMIS SAYLES STRAT INCOME | 2007-02 | PURCHASE | 2012-02 | 22108 | 21422 | 686 |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Bond | ARGENTINIA REP BOND | NameOfBond |
| EOY Book Value | 50000 | EOYBookValue |
| EOYFMV | 16750 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (2 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| LOOMIS SAYLES STRATEGIC INCOME FUND | ||
| GUGGENHEIM MARCO OPPORT | 35190 | 35433 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INDIRECT OTHER PROFESSIONAL FEES | Category |
| Amount | $150 | Amount |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | HARRY OLSTEIN | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 650 PARK AVE 19C | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10065 | ZIPCode |
Comments