ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-08-08
IRS object ID
201332209349100208
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)
Timestamp2013-08-08T10:06:31-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1TATULLI & ASSOCIATES LLCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11202 MEADE STAddressLine1
CityDUNMORECity
StatePAState
ZIP Code185123171ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN223642909EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ABRAMS FAMILY CHARITABLE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlABRANameControl
Phone9736443139Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07960ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJUDITH ABRAMSName
TitleTRUSTEETitle
Phone9736443139Phone
Date Signed2013-05-09DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameVITO TATULLIName
Phone5702073345Phone
Date Prepared2013-08-08DatePrepared
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 EOY24356FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Dividends Rev And Expnss93DividendsRevAndExpnss
Dividends Net Invst Incm93DividendsNetInvstIncm
Dividends Adj Net Incm93DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-78779NetGainSaleAssetsRevAndExpnss
Gross Sales Price11471GrossSalesPrice
Other Income Rev And Expnss1095OtherIncomeRevAndExpnss
Other Income Net Invst Incm1095OtherIncomeNetInvstIncm
Other Income Adj Net Incm1095OtherIncomeAdjNetIncm
Total Revenue And Expenses-77591TotalRevenueAndExpenses
Total Net Investment Income1188TotalNetInvestmentIncome
Total Adjusted Net Income1188TotalAdjustedNetIncome
Other Expenses Rev And Expnss669OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm669OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss669TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm669TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss9000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps9000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss9669TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm669TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps9000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-87260ExcessOfRevenueOverExpenses
Net Investment Income519NetInvestmentIncome
Adjusted Net Income1188AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1CashBOY
Savings And Temp Cash Invst BOY4389SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY7805SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV7805SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY72345InvestmentsCorpStockBOY
Investments Corp Stock EOYFMV10InvestmentsCorpStockEOYFMV
Investments Other BOY32937InvestmentsOtherBOY
Investments Other EOY8838InvestmentsOtherEOY
Investments Other EOYFMV16541InvestmentsOtherEOYFMV
Total Assets BOY109672TotalAssetsBOY
Total Assets EOY16643TotalAssetsEOY
Total Assets EOYFMV24356TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY109672CapitalStockBOY
Capital Stock EOY31494CapitalStockEOY
Retained Earnings EOY-14851RetainedEarningsEOY
Total Net Assets BOY109672TotalNetAssetsBOY
Total Net Assets EOY16643TotalNetAssetsEOY
Total Liabilities Net Assets BOY109672TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY16643TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY109672TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-87260ExcessOfRevenueOverExpenses
Subtotal22412Subtotal
Other Decreases5769OtherDecreases
Total Net Assets Fund Balances EOY16643TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
1,500 SHS TRITON NETWORK SYSD2000-07-262012-08-034159127-59086-59086
1,000 SHS SANGAMO BIOSCIENCES INCD2002-05-132012-09-0657156770-1055-1055
1,000 SHS SANGAMO BIOSCIENCE INCD2010-05-032012-09-0657156408-693-693
WHITNEY PTRS IV, LP - K-1 FLOW THRUD2001-01-012012-12-3117945-17945-17945
FieldValueIRS element (for citing)
Capital Gain Net Income-78779CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1118500QualifyingDistributionsYear1
Noncharitable Assets Year114224NoncharitableAssetsYear1
Distribution Ratio Year18.330990DistributionRatioYear1
Qualifying Distributions Year29140QualifyingDistributionsYear2
Noncharitable Assets Year217082NoncharitableAssetsYear2
Distribution Ratio Year20.535066DistributionRatioYear2
Qualifying Distributions Year335000QualifyingDistributionsYear3
Noncharitable Assets Year327291NoncharitableAssetsYear3
Distribution Ratio Year31.282474DistributionRatioYear3
Qualifying Distributions Year4104700QualifyingDistributionsYear4
Noncharitable Assets Year495173NoncharitableAssetsYear4
Distribution Ratio Year41.100102DistributionRatioYear4
Qualifying Distributions Year530000QualifyingDistributionsYear5
Noncharitable Assets Year5121819NoncharitableAssetsYear5
Distribution Ratio Year50.246267DistributionRatioYear5
Total Distribution Ratio11.494899TotalDistributionRatio
Average Distribution Ratio2.298980AverageDistributionRatio
Net Noncharitable Assets12601NetNoncharitableAssets
Adjusted Noncharitable Assets28969AdjustedNoncharitableAssets
One Percent Net Investment Income5OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One28974AdjNonchrtblAssetsAndOnePct
Qualifying Distributions9000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax10InvestmentIncomeExciseTax
Subtotal10Subtotal
Tax Based On Investment Income10TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1629EstTaxPaymentsAndOverpayment
Total Credits And Payments1629TotalCreditsAndPayments
Overpayment1619Overpayment
Amount Credited To Next Year1619AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNJStatesFiledWith
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 NameJUDITH ABRAMSBooksInCareOfPersonName
Books In Care Of Phone Number9736443139BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07906ZIPCode
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
Uncorrected Prior ActsfalseUncorrectedPriorActs
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
JUDITH ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960PRESIDENT /4.00000
DOUGLAS ABRAMS
PO BOX 142ROSSCA94957VICE PRESIDE1.00000
BRAD S ABRAMS
44 PIPPINS WAYMORRISTOWNNJ07960TREASURER1.00000
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 Securities6744AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances6049AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets12793TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets12793AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable192CashDeemedCharitable
Net Noncharitable Assets12601NetNoncharitableAssets
Minimum Investment Return630MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return630MinimumInvestmentReturn
Tax Based On Investment Income10TaxBasedOnInvestmentIncome
Total Tax10TotalTax
Distributable Amount Before Adj620DistributableAmountBeforeAdj
Distributable Amount Before Ded620DistributableAmountBeforeDed
Distributable Amount As Adjusted620DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions9000ExpensesAndContributions
Qualifying Distributions9000QualifyingDistributions
Adj Qualifying Distributions9000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted620DistributableAmountAsAdjusted
Excess Distri Carryover Year583466ExcessDistriCarryoverYear5
Excess Distri Carryover Year499966ExcessDistriCarryoverYear4
Excess Distri Carryover Year333635ExcessDistriCarryoverYear3
Excess Distri Carryover Year28286ExcessDistriCarryoverYear2
Excess Distri Carryover Year1117791ExcessDistriCarryoverYear1
Total Excess Distri Carryover343144TotalExcessDistriCarryover
Qualifying Distributions9000QualifyingDistributions
Applied To Current Year620AppliedToCurrentYear
Remaining Distri From Corpus8380RemainingDistriFromCorpus
Total Corpus351524TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year583466ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year268058ExcessDistriCyovToNextYear
Excess From Year499966ExcessFromYear4
Excess From Year333635ExcessFromYear3
Excess From Year28286ExcessFromYear2
Excess From Year1117791ExcessFromYear1
Excess From Current Year8380ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerJUDITH ABRAMSContributingManager
Shareholder ManagerNONEShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1Address Line2RecipientUSAddress/AddressLine2CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
NETWORK FOR GOOD
1140 CONNECTICUT AVE NWSUITE 700WASHINGTONDC20036NONE501(C)(3)GENERAL OBLIGATION$7,500
EARTH ISLAND INSTITUTE
2150 ALLSTON WAY STE 460BERKELEYCA94704NONE501(C)(3)GENERAL OBLIGATION$1,500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year9000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$93ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$78,779ExclusionAmount

Other Revenue Described OtherRevenueDescribed

FieldValueIRS element (for citing)
DescriptionVISA SIGNATURE REWARDDescription
Exclusion Code14ExclusionCode
Exclusion$1,095ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion-$77,591ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA-77591TotalPartXVIA

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

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

JUDITH ABRAMS
DOUGLAS ABRAMS
BRAD S ABRAMS

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockMERRILL LYNCH 04281NameOfStock
EOYFMV10EOYFMV

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemWHITNEY STRATEGIC PARTNERSCategoryOrItem
Book Value8838BookValue
EOYFMV16541EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionRETURN OF CAPITALDescription
Amount$5,769Amount

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncome
EXPENSES
MERRILL LYNCH EMA FEE150150
MERRILL LYNCH MISC EXPENSE4141
WHITNEY PTRS IV, LP - K1 FLOW478478

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionVISA SIGNATURE REWARDDescription
Revenue And Expenses Per Books1095RevenueAndExpensesPerBooks
Net Investment Income1095NetInvestmentIncome
Adjusted Net Income1095AdjustedNetIncome

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