E IKE ESHAGHIAN FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
E IKE ESHAGHIAN FOUNDATION INC (EIN 02-0711081)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-13
IRS object ID
201313179349101011
Schema version
2012v2.3
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)
Timestamp2013-11-13T13:27:25-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1GABOR & ASSOCIATESBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11878 VICTORY BLVDAddressLine1
CitySTATEN ISLANDCity
StateNYState
ZIP Code10314ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN020711081EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE E IKE ESHAGHIAN FOUNDATION INCBusinessNameLine1
Business Name Line2C/O GABOR & ASSOCIATESBusinessNameLine2
FieldValueIRS element (for citing)
Name ControlEIKENameControl
Phone7183900555Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11878 VICTORY BLVDAddressLine1
CitySTATEN ISLANDCity
StateNYState
ZIP Code10314ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameTANAZ ESHAGHIANName
TitleDIRECTORTitle
Phone7183900555Phone
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameRICHARD M GABORName
Phone7183900555Phone
Date Prepared2013-11-13DatePrepared
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 EOY1108833FMVAssetsEOY
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 Expnss25566InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm326InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm25566InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss5448DividendsRevAndExpnss
Dividends Net Invst Incm5448DividendsNetInvstIncm
Dividends Adj Net Incm5448DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-1379NetGainSaleAssetsRevAndExpnss
Gross Sales Price102490GrossSalesPrice
Total Revenue And Expenses29635TotalRevenueAndExpenses
Total Net Investment Income5774TotalNetInvestmentIncome
Total Adjusted Net Income31014TotalAdjustedNetIncome
Accounting Fees Rev And Expnss2500AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps2500AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss275TaxesRevAndExpnss
Taxes Dsbrs Chrtbl Prps275TaxesDsbrsChrtblPrps
Printing And Pub Rev And Expnss60PrintingAndPubRevAndExpnss
Tot Opr Expenses Rev And Expnss2835TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps2775TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss12000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps12000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss14835TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps14775TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses14800ExcessOfRevenueOverExpenses
Net Investment Income5774NetInvestmentIncome
Adjusted Net Income31014AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY4875CashBOY
Cash EOY2745CashEOY
Cash EOYFMV2745CashEOYFMV
Savings And Temp Cash Invst BOY173284SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY112567SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV112567SavingsAndTempCashInvstEOYFMV
Investments Govt Oblig BOY646706InvestmentsGovtObligBOY
Investments Govt Oblig EOY534511InvestmentsGovtObligEOY
Investments Govt Oblig EOYFMV534511InvestmentsGovtObligEOYFMV
Investments Corp Stock BOY269168InvestmentsCorpStockBOY
Investments Corp Stock EOY443645InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV443645InvestmentsCorpStockEOYFMV
Other Assets EOY15365OtherAssetsEOY
Other Assets EOYFMV15365OtherAssetsEOYFMV
Total Assets BOY1094033TotalAssetsBOY
Total Assets EOY1108833TotalAssetsEOY
Total Assets EOYFMV1108833TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1094033RetainedEarningsBOY
Retained Earnings EOY1108833RetainedEarningsEOY
Total Net Assets BOY1094033TotalNetAssetsBOY
Total Net Assets EOY1108833TotalNetAssetsEOY
Total Liabilities Net Assets BOY1094033TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1108833TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1094033TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses14800ExcessOfRevenueOverExpenses
Subtotal1108833Subtotal
Total Net Assets Fund Balances EOY1108833TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1118410QualifyingDistributionsYear1
Noncharitable Assets Year1297217NoncharitableAssetsYear1
Distribution Ratio Year10.398396DistributionRatioYear1
Qualifying Distributions Year210000QualifyingDistributionsYear2
Noncharitable Assets Year2245828NoncharitableAssetsYear2
Distribution Ratio Year20.040679DistributionRatioYear2
Qualifying Distributions Year317900QualifyingDistributionsYear3
Noncharitable Assets Year3249260NoncharitableAssetsYear3
Distribution Ratio Year30.071813DistributionRatioYear3
Qualifying Distributions Year41800000QualifyingDistributionsYear4
Noncharitable Assets Year431855NoncharitableAssetsYear4
Distribution Ratio Year456.506043DistributionRatioYear4
Qualifying Distributions Year55000QualifyingDistributionsYear5
Noncharitable Assets Year52856NoncharitableAssetsYear5
Distribution Ratio Year51.750700DistributionRatioYear5
Total Distribution Ratio58.767631TotalDistributionRatio
Average Distribution Ratio11.753526AverageDistributionRatio
Net Noncharitable Assets89755NetNoncharitableAssets
Adjusted Noncharitable Assets1054938AdjustedNoncharitableAssets
One Percent Net Investment Income58OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One1054996AdjNonchrtblAssetsAndOnePct
Qualifying Distributions14775QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax115InvestmentIncomeExciseTax
Subtotal115Subtotal
Tax Based On Investment Income115TaxBasedOnInvestmentIncome
Tax Due115TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameGABOR ASSOCIATES CPABooksInCareOfPersonName
Books In Care Of Phone Number7183900555BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line11878 VICTORY BLVDAddressLine1
CitySTATEN ISLANDCity
StateNYState
ZIP Code10314ZIPCode
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
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1Address Line2USAddress/AddressLine2CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
TANAZ ESHAGHIAN
C/O GABOR ASSOCIATES1878 VICTORY BLVDSTATEN ISLANDNY10314DIRECTOR5.00000
MAHROKH ESHAGHIAN
C/O GABOR ASSOCIATES1878 VICTORY BLVDSTATEN ISLANDNY10314DIRECTOR5.00000
HOURA YAVARI
C/O GABOR ASSOCIATES1878 VICTORY BLVDSTATEN ISLANDNY10314DIRECTOR1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities81513AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances9609AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets91122TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets91122AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1367CashDeemedCharitable
Net Noncharitable Assets89755NetNoncharitableAssets
Minimum Investment Return4488MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4488MinimumInvestmentReturn
Tax Based On Investment Income115TaxBasedOnInvestmentIncome
Total Tax115TotalTax
Distributable Amount Before Adj4373DistributableAmountBeforeAdj
Distributable Amount Before Ded4373DistributableAmountBeforeDed
Distributable Amount As Adjusted4373DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions14775ExpensesAndContributions
Qualifying Distributions14775QualifyingDistributions
Adj Qualifying Distributions14775AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4373DistributableAmountAsAdjusted
Excess Distri Carryover Year41798407ExcessDistriCarryoverYear4
Excess Distri Carryover Year35442ExcessDistriCarryoverYear3
Excess Distri Carryover Year21304ExcessDistriCarryoverYear2
Excess Distri Carryover Year1103549ExcessDistriCarryoverYear1
Total Excess Distri Carryover1908702TotalExcessDistriCarryover
Qualifying Distributions14775QualifyingDistributions
Applied To Current Year4373AppliedToCurrentYear
Remaining Distri From Corpus10402RemainingDistriFromCorpus
Total Corpus1919104TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year1919104ExcessDistriCyovToNextYear
Excess From Year41798407ExcessFromYear4
Excess From Year35442ExcessFromYear3
Excess From Year21304ExcessFromYear2
Excess From Year1103549ExcessFromYear1
Excess From Current Year10402ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodePurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
AMERICAN FREINDS OF BEIT HATFUTSOT
633 3RD AVENUENEW YORKNY10017MUSEUM$10,000
ESTER CHAPTER OF HADASSAH
430 DEMONT AVEROCKVILL CENTERNY11570MEDICINE & HEALTHCARE$2,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year12000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$25,566ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$5,448ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income-1379RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$31,014ExclusionAmount
Related Or Exempt Function Income-1379RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA29635TotalPartXVIA

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategory
Amount$2,500Amount
Disbursements Charitable Prps2500DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

TANAZ ESHAGHIAN
MAHROKH ESHAGHIAN
HOURA YAVARI

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (4 entries)

NameNameDate AcquiredDateAcquiredHow AcquiredHowAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceTotal NetTotalNetBasisBasis
CREDIT SUISSE - CASH IN LIEU2012-08PURCHASE2012-081010
JOHNSON CITY NY SCH DIST2009-03PURCHASE2012-065000050000
NY ST TWY AUTH HWY & BRD2009-03PURCHASE2012-0450000-138951389
MOTOROLA MOBILITY2012-05PURCHASE2012-0524802480

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (2 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
OPPENHEIMER & CO259167259167
OPPENHEIMER & CO184478184478

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
State Local Securities EOY Book Val534511StateLocalSecuritiesEOYBookVal
State Local Securities EOYFMV534511StateLocalSecuritiesEOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionUNREALIZED CAPITAL GAINSDescription
EOY Book Value15365EOYBookValue
EOYFMV15365EOYFMV

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategory
Amount$275Amount
Disbursements Charitable Prps275DisbursementsCharitablePrps

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