ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-06-21
IRS object ID
201211739349100551
Schema version
2011v1.2
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)
Timestamp2012-06-21T09:18:09-07:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

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 Line1410 SPRUCE STREET 4TH FLOORAddressLine1
CitySCRANTONCity
StatePAState
ZIP Code18503ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

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
Phone9736443129Phone

US Address USAddress

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

Officer Officer

FieldValueIRS element (for citing)
NameJUDITH ABRAMSName
TitleTrusteeTitle
Date Signed2012-05-07DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameVITO TATULLIName
Phone5702073345Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY26699FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss115000ContriReceivedRevAndExpnss
Dividends Rev And Expnss106DividendsRevAndExpnss
Dividends Net Invst Incm106DividendsNetInvstIncm
Dividends Adj Net Incm106DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss886NetGainSaleAssetsRevAndExpnss
Gross Sales Price7656GrossSalesPrice
Capital Gain Net Incm Net Invst Incm886CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses115992TotalRevenueAndExpenses
Total Net Investment Income992TotalNetInvestmentIncome
Total Adjusted Net Income106TotalAdjustedNetIncome
Other Expenses Rev And Expnss822OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm772OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss822TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm772TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss118500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps118500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss119322TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm772TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps118500TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-3330ExcessOfRevenueOverExpenses
Net Investment Income220NetInvestmentIncome
Adjusted Net Income106AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1CashBOY
Cash EOY1CashEOY
Cash EOYFMV1CashEOYFMV
Savings And Temp Cash Invst BOY649SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY4389SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV4388SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY79246InvestmentsCorpStockBOY
Investments Corp Stock EOY72345InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV5769InvestmentsCorpStockEOYFMV
Investments Other BOY33106InvestmentsOtherBOY
Investments Other EOY32937InvestmentsOtherEOY
Investments Other EOYFMV16541InvestmentsOtherEOYFMV
Total Assets BOY113002TotalAssetsBOY
Total Assets EOY109672TotalAssetsEOY
Total Assets EOYFMV26699TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY113002CapitalStockBOY
Capital Stock EOY109672CapitalStockEOY
Total Net Assets BOY113002TotalNetAssetsBOY
Total Net Assets EOY109672TotalNetAssetsEOY
Total Liabilities Net Assets BOY113002TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY109672TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY113002TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-3330ExcessOfRevenueOverExpenses
Subtotal109672Subtotal
Total Net Assets Fund Balances EOY109672TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesCost Or Other BasisCostOrOtherBasis
WHITNEY PTRS IV, LP-K1 FLOW THROUGHD2001-01-012011-12-31216216216
ML (04281) 1,000 SHS SANGAMO BIOSCIENCES INCD2002-05-132011-03-0874406706706770
FieldValueIRS element (for citing)
Capital Gain Net Income886CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year19140QualifyingDistributionsYear1
Noncharitable Assets Year117082NoncharitableAssetsYear1
Distribution Ratio Year10.53507DistributionRatioYear1
Qualifying Distributions Year235000QualifyingDistributionsYear2
Noncharitable Assets Year227291NoncharitableAssetsYear2
Distribution Ratio Year21.28247DistributionRatioYear2
Qualifying Distributions Year3104700QualifyingDistributionsYear3
Noncharitable Assets Year395173NoncharitableAssetsYear3
Distribution Ratio Year31.10010DistributionRatioYear3
Qualifying Distributions Year489500QualifyingDistributionsYear4
Noncharitable Assets Year4121819NoncharitableAssetsYear4
Distribution Ratio Year40.73470DistributionRatioYear4
Qualifying Distributions Year530000QualifyingDistributionsYear5
Noncharitable Assets Year528092NoncharitableAssetsYear5
Distribution Ratio Year51.06792DistributionRatioYear5
Total Distribution Ratio4.72026TotalDistributionRatio
Average Distribution Ratio0.94405AverageDistributionRatio
Net Noncharitable Assets14224NetNoncharitableAssets
Adjusted Noncharitable Assets13428AdjustedNoncharitableAssets
One Percent Net Investment Income2OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One13430AdjNonchrtblAssetsAndOnePct
Qualifying Distributions118500QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax2InvestmentIncomeExciseTax
Subtotal2Subtotal
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment1631EstTaxPaymentsAndOverpayment
Total Credits And Payments1631TotalCreditsAndPayments
Overpayment1629Overpayment
Amount Credited To Next Year1629AmountCreditedToNextYear

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
Form990 T FiledfalseForm990TFiled
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 Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1JUDITH ABRAMSBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number9736443129BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07960ZIPCode
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
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

FieldValueIRS element (for citing)
Person NameJUDITH ABRAMSPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07960ZIPCode
FieldValueIRS element (for citing)
TitleTrusteeTitle
Avg Hours Per Wk Devoted To Position0.00AvgHoursPerWkDevotedToPosition
Compensation0Compensation
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities13447AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances994AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets14441TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets14441AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable217CashDeemedCharitable
Net Noncharitable Assets14224NetNoncharitableAssets
Minimum Investment Return711MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return711MinimumInvestmentReturn
Tax Based On Investment Income2TaxBasedOnInvestmentIncome
Total Tax2TotalTax
Distributable Amount Before Adj709DistributableAmountBeforeAdj
Distributable Amount Before Ded709DistributableAmountBeforeDed
Distributable Amount As Adjusted709DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions118500ExpensesAndContributions
Qualifying Distributions118500QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm2OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions118498AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted709DistributableAmountAsAdjusted
Excess Distri Carryover Year528599ExcessDistriCarryoverYear5
Excess Distri Carryover Year483466ExcessDistriCarryoverYear4
Excess Distri Carryover Year399966ExcessDistriCarryoverYear3
Excess Distri Carryover Year233635ExcessDistriCarryoverYear2
Excess Distri Carryover Year18286ExcessDistriCarryoverYear1
Total Excess Distri Carryover253952TotalExcessDistriCarryover
Qualifying Distributions118500QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year709AppliedToCurrentYear
Remaining Distri From Corpus117791RemainingDistriFromCorpus
Total Corpus371743TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year528599ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year343144ExcessDistriCyovToNextYear
Excess From Year483466ExcessFromYear4
Excess From Year399966ExcessFromYear3
Excess From Year233635ExcessFromYear2
Excess From Year18286ExcessFromYear1
Excess From Current Year117791ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

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

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
UNITED JEWISH COMMUNITIES
44 PIPPINS WAYMORRISTOWNNJ07960NONE501(C)(3)GENERAL OBLIGATION$36,500
MORRISTOWN MEDICAL CENTER
475 SOUTH STREETMORRISTOWNNJ07960NONE501(C)(3)GENERAL OBLIGATION$50,000
THE VALERIE FUND
2101 MILLBURN AVENUEMAPLEWOODNJ07040NONE501(C)(3)GENERAL OBLIGATION$25,000
ROSS SCHOOL FOUNDATION
PO BOX 582ROSSCA94957NONE501(C)(3)GENERAL OBLIGATION$7,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year118500TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$106ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$886ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$992ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA992TotalPartXVIA

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualJUDITH ABRAMSContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line144 PIPPINS WAYAddressLine1
CityMORRISTOWNCity
StateNJState
ZIP Code07960ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions115000AggregateContributions
Person Contribution TypeXPersonContributionType

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncome
WHITNEY PTRS IV, LP - K1 FLOW THROUGH489489
VISA CARD FEE50
MISCELLANEOUS133133
MERRLL LYNCH EMAFEE150150

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