LITOWITZ FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LITOWITZ FOUNDATION INC (EIN 65-0763609)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-14
- IRS object ID
- 201341349349100464
- 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
- Accounting Fees Schedule
- Compensation Explanation
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T07:46:42-05:00 | 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 | KWAL & OLIVA PA CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 169 E FLAGLER STREET STE 800 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 331311296 | 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 | 650763609 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LITOWITZ FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LITO | NameControl |
| Phone | 3055525775 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11401 BIRD ROAD STE 370 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33165 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BUDD LITOWITZ | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 3055525775 | Phone |
| Date Signed | 2013-05-07 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD M KWAL | Name |
| Phone | 3055774333 | Phone |
| Date Prepared | 2013-05-10 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 14690163 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 162058 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 162036 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | -18574 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 97397 | GrossSalesPrice |
| Other Income Rev And Expnss | -133695 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 5336 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 9789 | TotalRevenueAndExpenses |
| Total Net Investment Income | 167372 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 6000 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 3000 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 3000 | CompOfcrDirTrstDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 7449 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 3725 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 3724 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 38273 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 38273 | OtherProfFeesNetInvstIncm |
| Interest Rev And Expnss | 22309 | InterestRevAndExpnss |
| Interest Net Invst Incm | 22309 | InterestNetInvstIncm |
| Taxes Rev And Expnss | 8348 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 7425 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 2489 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 348 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 347 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 84868 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 75080 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 7071 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 644031 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 644031 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 728899 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 75080 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 651102 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -719110 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 92292 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prepaid Expenses BOY | 9533 | PrepaidExpensesBOY |
| Prepaid Expenses EOY | 13644 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 13644 | PrepaidExpensesEOYFMV |
| Investments Corp Stock BOY | 3178662 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3351589 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3351589 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 10428090 | InvestmentsOtherBOY |
| Investments Other EOY | 11324930 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 11324930 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 13616285 | TotalAssetsBOY |
| Total Assets EOY | 14690163 | TotalAssetsEOY |
| Total Assets EOYFMV | 14690163 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 13616285 | UnrestrictedBOY |
| Unrestricted EOY | 14690163 | UnrestrictedEOY |
| Total Net Assets BOY | 13616285 | TotalNetAssetsBOY |
| Total Net Assets EOY | 14690163 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 13616285 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 14690163 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 13616285 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -719110 | ExcessOfRevenueOverExpenses |
| Other Increases | 1792988 | OtherIncreases |
| Subtotal | 14690163 | Subtotal |
| Total Net Assets Fund Balances EOY | 14690163 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (7 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses | Gross Sales PriceGrossSalesPrice |
|---|---|---|---|---|---|---|---|
| FROM PLAINS ALL AMERICAN PIPELINE | P | 2011-06-06 | 2012-12-31 | 9 | -9 | -9 | |
| FROM TEEKAY LNG PARTNERS | P | 2011-06-06 | 2012-12-31 | 16963 | -16963 | -16963 | |
| FROM ENTERPRISE PRODUCTS PARTNERS | P | 2011-06-06 | 2012-12-31 | 11001 | 11001 | 11001 | |
| 1,000 SH - NEW FLYER INDUSTRIES INC | P | 2011-05-12 | 2012-03-12 | 10210 | -2146 | -2146 | 8064 |
| 3,000 SH - NEW FLYER INDUSTRIES INC | P | 2011-01-21 | 2012-03-12 | 34973 | -10782 | -10782 | 24191 |
| 1,000 SH - WINDSTREAM CORP | P | 2009-11-18 | 2012-09-19 | 10008 | 814 | 814 | 10822 |
| 4,000 SH - WINDSTREAM CORP | P | 2011-08-08 | 2012-09-19 | 43808 | -489 | -489 | 43319 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -18574 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | -2146 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 509940 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 12920411 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.039468 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 432908 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 11142841 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.038851 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 441916 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 8300634 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.053239 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 462372 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 9258282 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.049941 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 319457 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 9728892 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.032836 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.214335 | TotalDistributionRatio |
| Average Distribution Ratio | 0.042867 | AverageDistributionRatio |
| Net Noncharitable Assets | 14236782 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 610288 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 923 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 611211 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 651102 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 923 | InvestmentIncomeExciseTax |
| Subtotal | 923 | Subtotal |
| Tax Based On Investment Income | 923 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 8461 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 8461 | TotalCreditsAndPayments |
| Overpayment | 7538 | Overpayment |
| Amount Credited To Next Year | 7538 | AmountCreditedToNextYear |
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 | FL | 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 | NONE | WebsiteAddress |
| Books In Care Of Person Name | BUDD LITOWITZ | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 3055525775 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11401 SW 40 STREET 370 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33165 | 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| ROBERT LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | PRES./TREAS. | 4.00 | 1200 | 0 | 0 |
| DONNA LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | VP / SEC. | 4.00 | 1200 | 0 | 0 |
| BUDD LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | VP | 4.00 | 1200 | 0 | 0 |
| SUSAN LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | DIRECTOR | 4.00 | 1200 | 0 | 0 |
| ARTHUR LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | DIRECTOR | 4.00 | 1200 | 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 | 14441998 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 11588 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 14453586 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 14453586 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 216804 | CashDeemedCharitable |
| Net Noncharitable Assets | 14236782 | NetNoncharitableAssets |
| Minimum Investment Return | 711839 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 711839 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 923 | TaxBasedOnInvestmentIncome |
| Total Tax | 923 | TotalTax |
| Distributable Amount Before Adj | 710916 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 710916 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 710916 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 651102 | ExpensesAndContributions |
| Qualifying Distributions | 651102 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 923 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 650179 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 710916 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 468771 | UndistributedIncomePriorYear |
| Qualifying Distributions | 651102 | QualifyingDistributions |
| Applied To Year1 | 468771 | AppliedToYear1 |
| Applied To Current Year | 182331 | AppliedToCurrentYear |
| Undistributed Income CY | 528585 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (34 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN UNIV | |||||||
| 4400 MASSACHUSETTS AVE | WASHINGTON | DC | 20016 | NONE | EXEMPT | EDUCATION | $80,000 |
| BROWARD PERFORMING ARTS FOUNDATION | |||||||
| 201 SW FIFTH AVENUE | FORT LAUDERDALE | FL | 33312 | NONE | EXEMPT | SUPPORT FOR ARTS | $1,000 |
| CHABAD LUBAVITCH OF GREATER ORLANDO | |||||||
| 708 LAKE HOWELL ROAD | ORLANDO | FL | 32751 | NONE | EXEMPT | EDUCATION AND THE ARTS | $4,000 |
| COMMUNITY COMMUNICATIONS | |||||||
| 11510 E COLONIAL DR | ORLANDO | FL | 32817 | NONE | EXEMPT | PUBLIC RADIO | $10,000 |
| CORNELL UNIVERSITY | |||||||
| P O BOX 516 | ITHACA | NY | 14851 | NONE | EXEMPT | EDUCATION | $10,000 |
| DANFORTH MUSEUM OF ART | |||||||
| 123 UNION AVENUE | FRAMINGHAM | MA | 017028291 | NONE | EXEMPT | EDUCATION AND THE ARTS | $21,000 |
| ECO-ACTION INC | |||||||
| 511 N FERNCREEK AVE | ORLANDO | FL | 32803 | NONE | EXEMPT | ENVIRONMENTAL PROTECTION | $5,000 |
| FRIENDS OF IDF | |||||||
| 350 FIFTH AVENUE 2011 | NEW YORK | NY | 10118 | NONE | EXEMPT | SUPPORT RELIGIOUS FREEDOM | $200,000 |
| FUNDACION SAVE A SATOINC | |||||||
| PO BOX 190068 | SAN JUAN | PR | 00919 | NONE | EXEMPT | ANIMAL WELFARE | $2,000 |
| GOODNOW LIBRARY | |||||||
| 21 CONCORD ROAD | SUDBURY | MA | 01776 | NONE | EXEMPT | EDUCATION | $2,000 |
| GREATER MIAMI JEWISH FEDERATION | |||||||
| 4200 BISCAYNE BLVD | MIAMI | FL | 33137 | NONE | EXEMPT | EDUCATION | $5,000 |
| GREENWOOD HOUSE HOME FOR | |||||||
| 53 WALTER ST | W TRENTON | NJ | 08628 | NONE | EXEMPT | HEALTH | $7,000 |
| INDIAN RIVER INSTITUTE FOR CR ARTS | |||||||
| 1125 N DIXIE FWY | SMYRNA BEACH | FL | 32168 | NONE | EXEMPT | SUPPORT FOR ARTS | $25,000 |
| KEY CLUBHOUSE OF S FLORIDA | |||||||
| 260 NE 17 TERRACE STE 202 | MIAMI | FL | 33132 | NONE | EXEMPT | EDUCATION AND SUPPORT | $5,000 |
| MASS VEST-A-DOG INC | |||||||
| P O BOX 48 | WALPOLE | MA | 02081 | NONE | EXEMPT | ANIMAL WELFARE | $1,000 |
| MASS SOCIETY FOR PREVENT | |||||||
| 99 SUMMER STREET | BOSTON | MA | 02110 | NONE | EXEMPT | FIGHT CRUELTY TOWARD CHILDREN | $1,000 |
| MERRIMACK REPERTORY THEATRE | |||||||
| PO BOX 228 | LOWELL | MA | 01852 | NONE | EXEMPT | SUPPORT FOR ARTS | $20,000 |
| NATL EDUCATION FOR ASSIST | |||||||
| P O BOX 213 | WEST BOYLSTON | MA | 01583 | NONE | EXEMPT | ASSIST DISABLED PERSONS | $2,000 |
| NEW ENGLAND WILDFLOWER | |||||||
| 300 MASS AV | BOSTON | MA | 02115 | NONE | EXEMPT | NATURE'S PRESERVATION | $60,000 |
| PENN DENTAL SCHOOL | |||||||
| 240 SOUTH 40 STREET | PHILADELPHIA | PA | 191046030 | NONE | EXEMPT | HEALTH AND EDUCATION | $1,000 |
| PROJECT VOTE SMART | |||||||
| 1 COMMON GROUND | PHILIPSBURG | MT | 59858 | NONE | EXEMPT | EDUCATION | $25,000 |
| SAVE A DOG INC | |||||||
| 604 BOSTON PARK ROAD | SUDBURY | MA | 01776 | NONE | EXEMPT | ANIMAL WELFARE | $14,000 |
| SOMERSET HILLS LEARN INSTITUTE | |||||||
| 1810 BURNT MILLS ROAD | BEDMINSTER | NJ | 07921 | NONE | EXEMPT | SCIENCE BASED PROGRAM FOR AUTISM | $5,000 |
| SUDBURY VALLEY TRUSTEES INC | |||||||
| 18 WOLBACH ROAD | SUDBURY | MA | 01776 | NONE | EXEMPT | ENVIRONMENTAL PROTECTION | $5,000 |
| TAKE STOCK IN CHILDREN | |||||||
| 300 NE 2ND AVENUE | MIAMI | FL | 33132 | NONE | EXEMPT | FIGHT CRUELTY TOWARD CHILDREN | $10,000 |
| THE BUDDY DOG HUMANE SOCIETY | |||||||
| PO BOX 296 | SUDBURY | MA | 01776 | NONE | EXEMPT | SUPPORT ANIMAL RIGHTS | $2,000 |
| THE HUMANE SOCIETY OF THE US | |||||||
| 2100 L STREET NW | WASHINGTON | DC | 20037 | NONE | EXEMPT | SUPPORT ANIMAL RIGHTS | $1,000 |
| THEATRE FOR A NEW AUDIENCE | |||||||
| 154 CHRISTOPHER STREET | NEW YORK | NY | 10014 | NONE | EXEMPT | SUPPORT FOR ARTS | $55,000 |
| UNIVERS OF ILLINOIS COLL OF DENTIST | |||||||
| 801 SOUTH PAULINA STREET | CHICAGO | IL | 60612 | NONE | EXEMPT | EDUCATION | $5,000 |
| WDCS INC | |||||||
| 7 NELSON STREET | PLYMOUTH | MA | 02360 | NONE | EXEMPT | PROTECTION OF WHALES & DOLPHINS | $30,000 |
| WLRN | |||||||
| 172 NE 15 ST | MIAMI | FL | 33132 | NONE | EXEMPT | PUBLIC RADIO & TV | $20,000 |
| WPBT CHANNEL 2 | |||||||
| P O BOX 610002 | MIAMI | FL | 332610002 | NONE | EXEMPT | PUBLIC RADIO & TV | $10,000 |
| FROM K1 ENERGY TRANSFER EQUITY | |||||||
| 801 E SONTERRA BLVD 400 | SAN ANTONIO | TX | 78258 | NONE | EXEMPT | VARIOUS | $27 |
| FROM K1 SPECTRA ENERGY PTNRS | |||||||
| 5400 WESTHEIMER CT | HOUSTON | TX | 77056 | NONE | EXEMPT | VARIOUS | $4 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 644031 | 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 | $162,058 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $6,083 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | -$18,574 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (20 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount |
|---|---|---|
| FOREIGN CURR LOSSES - CANAD | 14 | -$747 |
| EL PASO PIPELINE LP | 14 | $31,766 |
| ENERGY TRANSFER EQUITY LP | 14 | -$38,105 |
| KINDER MORGAN ENERGY PART L | 14 | -$92,888 |
| PLAINS ALL AMERICAN PIPELIN | 14 | $21,226 |
| MAGELLAN MIDSTREAM PARTNERS | 14 | $29,176 |
| SPECTRA ENERGY PARTNERS LP | 14 | -$6,638 |
| TEEKAY LNG PARTNERS LP | 14 | -$11,549 |
| ENTERPRISE PRODUCTS PARTNER | 14 | -$46,652 |
| GENESIS ENERGY LP | 14 | -$7,514 |
| SEC 1231 LOSS FROM EL PASO | 14 | -$5,508 |
| SEC 1231 LOSS FROM ENERGY T | 14 | -$214 |
| SEC 1231 GAIN FROM KINDER M | 14 | $5,617 |
| SEC 1231 GAIN FROM PLAINS A | 14 | $12 |
| SEC 1231 GAIN FROM SPECTRA | 14 | $13 |
| SEC 1231 LOSS FROM ENTERPRI | 14 | -$1,310 |
| SEC 1231 LOSS FROM GENESIS | 14 | -$98 |
| OTHER LOSS FROM TEEKAY LNG | 14 | -$1,647 |
| OTHER LOSS FROM PLAINS ALL | 14 | -$545 |
| INTANG DR COSTS FR KINDER M | 14 | -$14,173 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $9,789 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9789 | 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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | Category |
| Amount | $7,449 | Amount |
| Net Investment Income | 3725 | NetInvestmentIncome |
| Disbursements Charitable Prps | 3724 | DisbursementsCharitablePrps |
Compensation Explanation CompensationExplanation
Compensation Compensation (5 entries)
| ROBERT LITOWITZ |
| DONNA LITOWITZ |
| BUDD LITOWITZ |
| SUSAN LITOWITZ |
| ARTHUR LITOWITZ |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (18 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| COLUMBIA CASH RESERVE | ||
| FIDELITY TAX FREE MONEY MARKET | 609335 | 609335 |
| PMC COMMERCIAL TRUST | 361291 | 361291 |
| PENGROWTH ENERGY CORP | 173950 | 173950 |
| PENN WEST PETROLEUM LTD | 260640 | 260640 |
| MARATHON OIL CORP | 514781 | 514781 |
| MARATHON PETROLEUM CORP | 528885 | 528885 |
| WESTERNZAGROS RES LTD COM ISIN | 218940 | 218940 |
| WINDSTREAM CORP | ||
| ALTAGAS LTD COM | 168575 | 168575 |
| ATLANTIC POWER CORP | 102870 | 102870 |
| CANADIAN DOLLAR INVESTMENT | 13812 | 13812 |
| ENERPLUS RESOURCES | 12960 | 12960 |
| NEW FLYER INDUSTRIES INC | ||
| PEYTO EXPLORATION & DEVELOP CORP | 23089 | 23089 |
| VERMILLION ENERGY INC | 208778 | 208778 |
| DATA GROUP INC | 30883 | 30883 |
| NAVIOS MARITIME PARTNERS | 122800 | 122800 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (10 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| EL PASO PIPELINE LP | FMV | 1220010 | 1220010 |
| ENERGY TRANSFER EQUITY LP | FMV | 1273440 | 1273440 |
| KINDER MORGAN ENERGY PARTNERS LP | FMV | 1914960 | 1914960 |
| PLAINS ALL AMERICAN PIPEKINE LP | FMV | 1719120 | 1719120 |
| MAGELLAN MIDSTREAM HOLDINGS LP | FMV | 1986740 | 1986740 |
| SPECTRA ENERGY PARTNERS LP | FMV | 936900 | 936900 |
| TEEKAY LNG PARTNERS LP | FMV | 1057840 | 1057840 |
| ENTERPRISE PRODUCTS PARTNERS LP | FMV | 1001600 | 1001600 |
| GENESIS ENERGY LP | FMV | 214320 | 214320 |
| NAVIOS MARITIME PARTNERS LP | FMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| EXPENSES | |||
| DUES AND SUBSCRIPTIONS | 695 | 348 | 347 |
| NONDEDUCTIBLE EXP FROM K-1'S | 1794 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (21 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| OTHER PORTF INCOME TEEKAY | 6083 | 6083 |
| FOREIGN CURR LOSSES - CANADA | -747 | -747 |
| EL PASO PIPELINE LP | 31766 | |
| ENERGY TRANSFER EQUITY LP | -38105 | |
| KINDER MORGAN ENERGY PART LP | -92888 | |
| PLAINS ALL AMERICAN PIPELINE | 21226 | |
| MAGELLAN MIDSTREAM PARTNERS, | 29176 | |
| SPECTRA ENERGY PARTNERS LP | -6638 | |
| TEEKAY LNG PARTNERS LP | -11549 | |
| ENTERPRISE PRODUCTS PARTNERS | -46652 | |
| GENESIS ENERGY LP | -7514 | |
| SEC 1231 LOSS FROM EL PASO | -5508 | |
| SEC 1231 LOSS FROM ENERGY TRA | -214 | |
| SEC 1231 GAIN FROM KINDER MOR | 5617 | |
| SEC 1231 GAIN FROM PLAINS ALL | 12 | |
| SEC 1231 GAIN FROM SPECTRA EN | 13 | |
| SEC 1231 LOSS FROM ENTERPRISE | -1310 | |
| SEC 1231 LOSS FROM GENESIS EN | -98 | |
| OTHER LOSS FROM TEEKAY LNG | -1647 | |
| OTHER LOSS FROM PLAINS ALL AM | -545 | |
| INTANG DR COSTS FR KINDER MOR | -14173 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADJUSTMENT TO MARKET VALUE REQUIRED BY FASB 124 | Description |
| Amount | $1,792,988 | Amount |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | Category |
| Amount | $38,273 | Amount |
| Net Investment Income | 38273 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| FOREIGN TAX | $7,364 | 7364 |
| EXCISE TAX - 2012 | $923 | |
| LICENSES | $61 | 61 |
Comments