SHASHOUA FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: SHASHOUA FAMILY FOUNDATION (EIN 22-3603187)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-13
IRS object ID: 201343179349100819
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
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-13T11:41:31-08:00	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	223603187	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SHASHOUA FAMILY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SHAS	NameControl
Phone	2019301120	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	76 BLUEBERRY DRIVE	AddressLine1
City	WOODCLIFF LAKE	City
State	NJ	State
ZIP Code	07677	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	KAMIL SHASHOUA	Name
Title	Trustee	Title
Date Signed	2013-11-13	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	614944	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	13248	DividendsRevAndExpnss
Dividends Net Invst Incm	13248	DividendsNetInvstIncm
Dividends Adj Net Incm	13248	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	108863	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	470332	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	108863	CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm	17856	NetSTCGAdjNetIncm
Total Revenue And Expenses	122111	TotalRevenueAndExpenses
Total Net Investment Income	122111	TotalNetInvestmentIncome
Total Adjusted Net Income	31104	TotalAdjustedNetIncome
Taxes Rev And Expnss	572	TaxesRevAndExpnss
Other Expenses Rev And Expnss	6852	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	6822	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	30	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	7424	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	6822	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	30	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	53940	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	53940	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	61364	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	6822	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	53970	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	60747	ExcessOfRevenueOverExpenses
Net Investment Income	115289	NetInvestmentIncome
Adjusted Net Income	31104	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	4284	CashBOY
Cash EOY	4733	CashEOY
Cash EOYFMV	4733	CashEOYFMV
Savings And Temp Cash Invst BOY	4478	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	25873	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	25873	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	454603	InvestmentsCorpStockBOY
Investments Corp Stock EOY	493506	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	584338	InvestmentsCorpStockEOYFMV
Total Assets BOY	463365	TotalAssetsBOY
Total Assets EOY	524112	TotalAssetsEOY
Total Assets EOYFMV	614944	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	463365	RetainedEarningsBOY
Retained Earnings EOY	524112	RetainedEarningsEOY
Total Net Assets BOY	463365	TotalNetAssetsBOY
Total Net Assets EOY	524112	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	463365	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	524112	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	463365	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	60747	ExcessOfRevenueOverExpenses
Subtotal	524112	Subtotal
Total Net Assets Fund Balances EOY	524112	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (8 entries)

Gain Or LossGainOrLoss	Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
11
	Capital Gain Dividends
989	MORGAN STANLEY	P	2011-01-01	2012-12-31	3084	2095	989
-702	MORGAN STANLEY	P	2011-01-01	2012-12-31	923	1625	-702
79	MORGAN STANLEY	P	2012-01-01	2012-12-31	3642	3563	79
2793	MORGAN STANLEY	P	2012-01-01	2012-12-31	39005	36212	2793
90709	MORGAN STANLEY	P	2011-01-01	2012-12-31	262463	171754	90709
14984	MORGAN STANLEY	P	2012-01-01	2012-12-31	161204	146220	14984

Field	Value	IRS element (for citing)
Capital Gain Net Income	108863	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	17856	NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	50966	QualifyingDistributionsYear1
Noncharitable Assets Year1	579673	NoncharitableAssetsYear1
Distribution Ratio Year1	0.08792	DistributionRatioYear1
Qualifying Distributions Year2	58682	QualifyingDistributionsYear2
Noncharitable Assets Year2	552899	NoncharitableAssetsYear2
Distribution Ratio Year2	0.10614	DistributionRatioYear2
Qualifying Distributions Year3	33355	QualifyingDistributionsYear3
Noncharitable Assets Year3	338792	NoncharitableAssetsYear3
Distribution Ratio Year3	0.09845	DistributionRatioYear3
Qualifying Distributions Year4	89648	QualifyingDistributionsYear4
Noncharitable Assets Year4	642612	NoncharitableAssetsYear4
Distribution Ratio Year4	0.13951	DistributionRatioYear4
Qualifying Distributions Year5	58423	QualifyingDistributionsYear5
Noncharitable Assets Year5	802474	NoncharitableAssetsYear5
Distribution Ratio Year5	0.07280	DistributionRatioYear5
Total Distribution Ratio	0.50482	TotalDistributionRatio
Average Distribution Ratio	0.10096	AverageDistributionRatio
Net Noncharitable Assets	579342	NetNoncharitableAssets
Adjusted Noncharitable Assets	58493	AdjustedNoncharitableAssets
One Percent Net Investment Income	1153	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	59646	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	53970	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	2306	InvestmentIncomeExciseTax
Subtotal	2306	Subtotal
Tax Based On Investment Income	2306	TaxBasedOnInvestmentIncome
Tax Paid With Extension	700	TaxPaidWithExtension
Total Credits And Payments	700	TotalCreditsAndPayments
Form2220 Attached	X	Form2220Attached
Penalty For Underpayment	13	PenaltyForUnderpayment
Tax Due	1619	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	NJ	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	FOUNDATION	BusinessNameLine1

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	76 BLUEBERRY DRIVE	AddressLine1
City	WOODCLIFF LAKE	City
State	NJ	State
ZIP Code	07677	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
ARLETTE SHASHOUA
76 BLUEBERRY DRIVE	WOODCLIFF LAKE	NJ	07675	Trustee	0.00	0
KAMIL SHASHOUA
76 BLUEBERRY DRIVE	WOODCLIFF LAKE	NJ	07675	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	568480	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	19684	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	588164	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	588164	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	8822	CashDeemedCharitable
Net Noncharitable Assets	579342	NetNoncharitableAssets
Minimum Investment Return	28967	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	28967	MinimumInvestmentReturn
Tax Based On Investment Income	2306	TaxBasedOnInvestmentIncome
Total Tax	2306	TotalTax
Distributable Amount Before Adj	26661	DistributableAmountBeforeAdj
Distributable Amount Before Ded	26661	DistributableAmountBeforeDed
Distributable Amount As Adjusted	26661	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	53970	ExpensesAndContributions
Qualifying Distributions	53970	QualifyingDistributions
Adj Qualifying Distributions	53970	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	26661	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	18705	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	57517	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	16415	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	31399	ExcessDistriCarryoverYear2
Total Excess Distri Carryover	124036	TotalExcessDistriCarryover
Qualifying Distributions	53970	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	26661	AppliedToCurrentYear
Remaining Distri From Corpus	27309	RemainingDistriFromCorpus
Total Corpus	151345	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	18705	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	132640	ExcessDistriCyovToNextYear
Excess From Year4	57517	ExcessFromYear4
Excess From Year3	16415	ExcessFromYear3
Excess From Year2	31399	ExcessFromYear2
Excess From Current Year	27309	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	KAMIL SHASHOUA	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
SOLOMON SCHECHTER
805 Columbus Avenue	New York	NY	10025	NONE	EXEMPT	CHARITABLE	$46,000
CHABAD
100 Overlook Dr	Woodcliff Lake	NJ	07677	NONE	EXEMPT	CHARITABLE	$4,340
VARIOUS CHARITIES
WOODCLIFF LAKE	Woodcliff Lake	NJ	07677	NONE	EXEMPT	CHARITABLE	$3,600

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	53940	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	$13,248	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$108,863	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$122,111	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	122111	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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
INVESTMENT ADVISORY FEES	6666	6666
FOREIGN TAXES PAID	140	140
DUES	30		30
BANK CHARGES	16	16

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	EXCISE TAXES	Category
Amount	$572	Amount

SHASHOUA FAMILY FOUNDATION: Form 990PF, tax year 2012

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Balance Sheets BalanceSheets

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (8 entries)

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Statements Regarding Activities StatementsRegardingActivities

Books In Care Of Business Name BooksInCareOfBusinessName

Books In Care Of US Address BooksInCareOfUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

Taxes Schedule TaxesSchedule

Taxes Taxes

Comments