ZARO FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ZARO FOUNDATION INC (EIN 22-3462296)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-03-15
IRS object ID
201330779349100303
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)
Timestamp2013-03-15T14:36:12-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN133866104EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1DANNY W STANTON CPABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11025 WESTCHESTER AVE SUITE 301AddressLine1
CityWHITE PLAINSCity
StateNYState
ZIP Code10604ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN223462296EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE ZARO FOUNDATION INC CO JEROLD L ZAROBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlZARONameControl
Phone9736435785Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1139AddressLine1
CityOAKHURSTCity
StateNJState
ZIP Code07755ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJEROLD ZAROName
TitleTRUSTEETitle
Phone9736435785Phone
Date Signed2013-02-27DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
PTINP00052517PTIN
Phone9143281729Phone
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY27957FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss45000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss42InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm42InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses45042TotalRevenueAndExpenses
Total Net Investment Income42TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Accounting Fees Rev And Expnss1000AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm500AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps500AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss30TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Taxes Dsbrs Chrtbl Prps30TaxesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss1030TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm500TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps530TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss29500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps29500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss30530TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm500TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps30030TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses14512ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY13445CashBOY
Cash EOY27957CashEOY
Cash EOYFMV27957CashEOYFMV
Total Assets BOY13445TotalAssetsBOY
Total Assets EOY27957TotalAssetsEOY
Total Assets EOYFMV27957TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY13445RetainedEarningsBOY
Retained Earnings EOY27957RetainedEarningsEOY
Total Net Assets BOY13445TotalNetAssetsBOY
Total Net Assets EOY27957TotalNetAssetsEOY
Total Liabilities Net Assets BOY13445TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY27957TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY13445TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses14512ExcessOfRevenueOverExpenses
Other Increases0OtherIncreases
Subtotal27957Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY27957TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year11180QualifyingDistributionsYear1
Noncharitable Assets Year19118NoncharitableAssetsYear1
Distribution Ratio Year10.129414DistributionRatioYear1
Qualifying Distributions Year21980QualifyingDistributionsYear2
Noncharitable Assets Year24954NoncharitableAssetsYear2
Distribution Ratio Year20.399677DistributionRatioYear2
Qualifying Distributions Year320350QualifyingDistributionsYear3
Noncharitable Assets Year35192NoncharitableAssetsYear3
Distribution Ratio Year33.919492DistributionRatioYear3
Qualifying Distributions Year42700QualifyingDistributionsYear4
Noncharitable Assets Year47009NoncharitableAssetsYear4
Distribution Ratio Year40.385219DistributionRatioYear4
Qualifying Distributions Year546602QualifyingDistributionsYear5
Noncharitable Assets Year511658NoncharitableAssetsYear5
Distribution Ratio Year53.997427DistributionRatioYear5
Total Distribution Ratio8.831229TotalDistributionRatio
Average Distribution Ratio1.766246AverageDistributionRatio
Net Noncharitable Assets20391NetNoncharitableAssets
Adjusted Noncharitable Assets36016AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One36016AdjNonchrtblAssetsAndOnePct
Qualifying Distributions30030QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal0Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

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 WithNJStatesFiledWith
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 NameTAXPAYERBooksInCareOfPersonName
Books In Care Of Phone Number9736435785BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1ONE RIVERFRONT PLAZAAddressLine1
CityNEWARKCity
StateNJState
ZIP Code07102ZIPCode
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 Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
SAM D ZARO
1500 PALISADE AVENUE APT 21DFORT LEENJ07024TRUSTEE1.00000
LINDA WALLBERG
500 EAST 77TH STREET APT 1226NEW YORKNY10162TRUSTEE1.00000
JEROLD L ZARO
25 STRATFORD ROADHARRISONNY10528TRUSTEE1.00000
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

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances20702AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets20702TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets20702AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable311CashDeemedCharitable
Net Noncharitable Assets20391NetNoncharitableAssets
Minimum Investment Return1020MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return1020MinimumInvestmentReturn
Total Tax0TotalTax
Distributable Amount Before Adj1020DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded1020DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted1020DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions30030ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions30030QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm0OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions30030AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted1020DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year546113ExcessDistriCarryoverYear5
Excess Distri Carryover Year42350ExcessDistriCarryoverYear4
Excess Distri Carryover Year320090ExcessDistriCarryoverYear3
Excess Distri Carryover Year21732ExcessDistriCarryoverYear2
Excess Distri Carryover Year1724ExcessDistriCarryoverYear1
Total Excess Distri Carryover71009TotalExcessDistriCarryover
Qualifying Distributions30030QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year1020AppliedToCurrentYear
Remaining Distri From Corpus29010RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus100019TotalCorpus
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 Year546113ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year53906ExcessDistriCyovToNextYear
Excess From Year42350ExcessFromYear4
Excess From Year320090ExcessFromYear3
Excess From Year21732ExcessFromYear2
Excess From Year1724ExcessFromYear1
Excess From Current Year29010ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerJEROLD L ZAROContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
HELP FUNDING INC
5 HANOVER SQUARE 17TH FLOORNEW YORKNY10004NONEPUBLIC CHARITYUNRESTRICTED$4,500
ENGLEWOOD HOSPITAL
350 ENGLE STREETENGLEWOODNJ07630NONEPUBLIC CHARITYUNRESTRICTED$25,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year29500TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$42ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion$42ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA42TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualJEROLD ZAROContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line125 STRATFORD ROADAddressLine1
CityHARRISONCity
StateNYState
ZIP Code10528ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions45000AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategory
Amount$1,000Amount
Net Investment Income500NetInvestmentIncome
Disbursements Charitable Prps500DisbursementsCharitablePrps

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryNJ REGISTRATION FEESCategory
Amount$30Amount
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps30DisbursementsCharitablePrps

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