MARK PAUL TERK CHARITABLE TR: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MARK PAUL TERK CHARITABLE TR (EIN 80-6084948)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-04-26
- IRS object ID
- 201231179349100503
- 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
- Form 990-PF
- Accounting Fees Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-04-26T06:42:39-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kreitzman & Kreitzman CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 898 Veterans Memorial Hwy Ste 300 | AddressLine1 |
| City | Hauppauge | City |
| State | NY | State |
| ZIP Code | 11788 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 806084948 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK PAUL TERK CHARITABLE TRUST | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARK | NameControl |
| Phone | 2124718610 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O GILBERT 733 THIRD AVE 21st Fl | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | GLENN STAACK | Name |
| Title | Trustee | Title |
| Date Signed | 2012-04-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kenneth Kreitzman | Name |
| Phone | 6315826060 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 58507 | 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 |
| Interest On Savings Rev And Expnss | 55 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 55 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 55 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 8970 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 8970 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 8970 | DividendsAdjNetIncm |
| Gross Rents Rev And Expnss | 478623 | GrossRentsRevAndExpnss |
| Gross Rents Net Invst Incm | 478623 | GrossRentsNetInvstIncm |
| Gross Rents Adj Net Incm | 478623 | GrossRentsAdjNetIncm |
| Net Rental Income Or Loss | 385856 | NetRentalIncomeOrLoss |
| Net Gain Sale Assets Rev And Expnss | 6125284 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 6125284 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 6125284 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 6612932 | TotalRevenueAndExpenses |
| Total Net Investment Income | 6612932 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 487648 | TotalAdjustedNetIncome |
| Legal Fees Rev And Expnss | 1465283 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 1465283 | LegalFeesNetInvstIncm |
| Accounting Fees Rev And Expnss | 43435 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 43435 | AccountingFeesNetInvstIncm |
| Taxes Rev And Expnss | 250 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 250 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 196200 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 196200 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 103273 | OtherExpensesAdjNetIncm |
| Tot Opr Expenses Rev And Expnss | 1705168 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1705168 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 103273 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 100000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 100000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 1805168 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1705168 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 103273 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 100000 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 4807764 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 4907764 | NetInvestmentIncome |
| Adjusted Net Income | 384375 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 58611 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 58507 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 58507 | SavingsAndTempCashInvstEOYFMV |
| Other Assets BOY | 1899744 | OtherAssetsBOY |
| Other Assets EOY | 6707612 | OtherAssetsEOY |
| Total Assets BOY | 1958355 | TotalAssetsBOY |
| Total Assets EOY | 6766119 | TotalAssetsEOY |
| Total Assets EOYFMV | 58507 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Temporarily Restricted BOY | 1958355 | TemporarilyRestrictedBOY |
| Temporarily Restricted EOY | 6766119 | TemporarilyRestrictedEOY |
| Total Net Assets BOY | 1958355 | TotalNetAssetsBOY |
| Total Net Assets EOY | 6766119 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1958355 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 6766119 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1958355 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 4807764 | ExcessOfRevenueOverExpenses |
| Subtotal | 6766119 | Subtotal |
| Total Net Assets Fund Balances EOY | 6766119 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|
| HUDSON VIEW-CO-OP APT | D | 2008-05-25 | 2011-02-11 | 55723 | -55723 | -55723 |
| RHINELANDER - RENTAL PROPERTY | D | 2008-05-25 | 2011-06-28 | 6181007 | 6181007 | 6181007 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 6125284 | CapitalGainNetIncome |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 98155 | InvestmentIncomeExciseTax |
| Subtotal | 98155 | Subtotal |
| Tax Based On Investment Income | 98155 | TaxBasedOnInvestmentIncome |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 861 | PenaltyForUnderpayment |
| Tax Due | 99016 | 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 | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NY | 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 | GLENN STAACK | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 6464792224 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 WEST 72nd STREET NO 131 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | GLENN STAACK | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 119 WEST 72nd STEET NO 131 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | Title |
| Avg Hours Per Wk Devoted To Position | 15.00 | AvgHoursPerWkDevotedToPosition |
| Compensation | 0 | Compensation |
| 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 | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 58000 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 58000 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 58000 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 870 | CashDeemedCharitable |
| Net Noncharitable Assets | 57130 | NetNoncharitableAssets |
| Minimum Investment Return | 2857 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 2857 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 98155 | TaxBasedOnInvestmentIncome |
| Total Tax | 98155 | TotalTax |
| Distributable Amount Before Adj | 95298 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 95298 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 100000 | ExpensesAndContributions |
| Qualifying Distributions | 100000 | QualifyingDistributions |
| Adj Qualifying Distributions | 100000 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 0 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 50000 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 50000 | TotalExcessDistriCarryover |
| Qualifying Distributions | 100000 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Remaining Distri From Corpus | 100000 | RemainingDistriFromCorpus |
| Total Corpus | 150000 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 150000 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 50000 | ExcessFromYear1 |
| Excess From Current Year | 100000 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ONE OCEANS MEDIA | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 730 | AddressLine1 |
| City | NY | City |
| State | NY | State |
| ZIP Code | 12484 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | n/a | RecipientRelationship |
| Recipient Foundation Status | 501(c)(3) | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | Support Photographic Art | PurposeOfGrantOrContribution |
| Amount | $100,000 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 100000 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $55 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $8,970 | ExclusionAmount |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 16 | ExclusionCode |
| Exclusion | $385,856 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $6,125,284 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $6,520,165 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 6520165 | 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 | $43,435 | Amount |
| Net Investment Income | 43435 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | Category |
| Amount | $1,465,283 | Amount |
| Net Investment Income | 1465283 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE FROM ESTATE OF DECEASED | Description |
| BOY Book Value | 1899744 | BOYBookValue |
| EOY Book Value | 6707612 | EOYBookValue |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome |
|---|---|---|---|
| Rental Expenses | 92767 | 92767 | |
| Rental Expenses | 103273 | 103273 | 103273 |
| Bank Charges | 160 | 160 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EPTL FILING FEE | Category |
| Amount | $250 | Amount |
| Net Investment Income | 250 | NetInvestmentIncome |
Comments