BWETA FAMILY FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- BWETA FAMILY FOUNDATION (EIN 13-4020892)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-15
- IRS object ID
- 201303199349101325
- Schema version
- 2012v2.0
- 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
- Investments Corp Stock Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-15T10:32:14-08:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Bernath & Rosenberg PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1430 Broadway 7th Floor | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 100183308 | 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 | 134020892 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BWETA FAMILY FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BWET | NameControl |
| Phone | 2122211140 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O J EZRA 131 MERCER ST | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10012 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMIL EZRA | Name |
| Title | Trustee | Title |
| Date Signed | 2013-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Benjamin Berger | Name |
| PTIN | P00236799 | PTIN |
| Phone | 2122211140 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 1098106 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 21285 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 21285 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 21285 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | -10254 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 728697 | GrossSalesPrice |
| Net STCG Adj Net Incm | 23519 | NetSTCGAdjNetIncm |
| Total Revenue And Expenses | 11031 | TotalRevenueAndExpenses |
| Total Net Investment Income | 21285 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 44804 | TotalAdjustedNetIncome |
| Taxes Rev And Expnss | 1558 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 1558 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 8058 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 8058 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 9616 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 9616 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 54189 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 54189 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 63805 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 9616 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 54189 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -52774 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 11669 | NetInvestmentIncome |
| Adjusted Net Income | 44804 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 14363 | CashBOY |
| Cash EOY | 9329 | CashEOY |
| Cash EOYFMV | 9329 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 163433 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 136927 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 136927 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 870107 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 828873 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 931850 | InvestmentsCorpStockEOYFMV |
| Other Assets EOY | 20000 | OtherAssetsEOY |
| Other Assets EOYFMV | 20000 | OtherAssetsEOYFMV |
| Total Assets BOY | 1047903 | TotalAssetsBOY |
| Total Assets EOY | 995129 | TotalAssetsEOY |
| Total Assets EOYFMV | 1098106 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 1047903 | UnrestrictedBOY |
| Unrestricted EOY | 995129 | UnrestrictedEOY |
| Total Net Assets BOY | 1047903 | TotalNetAssetsBOY |
| Total Net Assets EOY | 995129 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1047903 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 995129 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1047903 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -52774 | ExcessOfRevenueOverExpenses |
| Subtotal | 995129 | Subtotal |
| Total Net Assets Fund Balances EOY | 995129 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -10254 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 23519 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 78543 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 166490 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.47176 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 54996 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1134525 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.04848 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 63513 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 1390131 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.04569 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 32251 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 1518022 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.02125 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 144938 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 1513324 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.09578 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.68294 | TotalDistributionRatio |
| Average Distribution Ratio | 0.13659 | AverageDistributionRatio |
| Net Noncharitable Assets | 179296 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 24490 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 117 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 24607 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 54189 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 117 | InvestmentIncomeExciseTax |
| Subtotal | 117 | Subtotal |
| Tax Based On Investment Income | 117 | TaxBasedOnInvestmentIncome |
| Tax Due | 117 | 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 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NY | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BERNATH & ROSENBERG PC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2122211140 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1430 BROADWAY 7TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100183308 | 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 |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| 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 |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
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 |
|---|---|---|---|---|---|---|
| BENJAMIN JOSEPH EZRA | ||||||
| 131 MERCER ST PHB | NEW YORK | NY | 10012 | Trustee | 0.00 | 0 |
| JAMIL EZRA | ||||||
| 131 MERCER ST PHB | NEW YORK | NY | 10012 | Trustee | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 162026 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 20000 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 182026 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 182026 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2730 | CashDeemedCharitable |
| Net Noncharitable Assets | 179296 | NetNoncharitableAssets |
| Minimum Investment Return | 8965 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 8965 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 117 | TaxBasedOnInvestmentIncome |
| Total Tax | 117 | TotalTax |
| Distributable Amount Before Adj | 8848 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 8848 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 8848 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 54189 | ExpensesAndContributions |
| Qualifying Distributions | 54189 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 117 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 54072 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 8848 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 76071 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year2 | 54996 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 70838 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 201905 | TotalExcessDistriCarryover |
| Qualifying Distributions | 54189 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 8848 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 45341 | RemainingDistriFromCorpus |
| Total Corpus | 247246 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 76071 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 171175 | ExcessDistriCyovToNextYear |
| Excess From Year2 | 54996 | ExcessFromYear2 |
| Excess From Year1 | 70838 | ExcessFromYear1 |
| Excess From Current Year | 45341 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMIL EZRA | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN SEPHARDI FEDERATIONS | |||||||
| 15 WEST 16TH STREET | NEW YORK | NY | 10011 | NONE | EXEMPT | CHARITABLE | $5,000 |
| AMERICAN FRIENDS OF BABYLONIAN HERI | |||||||
| 1700 YORK AVENUE | NEW YORK | NY | 10128 | NONE | EXEMPT | CHARITABLE | $10,000 |
| VARIOUS charitable organizations | |||||||
| 131 MERCER ST | NEW YORK | NY | 10012 | NONE | EXEMPT | CHARITABLE | $34,020 |
| PARK AVENUE SYNAGOGUE | |||||||
| 50 EAST 87TH STREET | NEW YORK | NY | 10128 | NONE | EXEMPT | CHARITABLE | $5,169 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 54189 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $21,285 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$10,254 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $11,031 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 11031 | 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 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | LPL FINANCIAL | NameOfStock |
| EOY Book Value | 828873 | EOYBookValue |
| EOYFMV | 931850 | EOYFMV |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CHASE HOLDING ACCOUNT | Description |
| EOY Book Value | 20000 | EOYBookValue |
| EOYFMV | 20000 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| INVESTMENT & ADVISORY FEES | 7588 | 7588 |
| BANK CHARGES | 470 | 470 |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| US TREASURY | $400 | 400 |
| FOREIGN TAXES | $1,158 | 1158 |
Comments