ABRAMS FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ABRAMS FAMILY CHARITABLE FOUNDATION INC (EIN 22-3642909)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-12
- IRS object ID
- 201101329349100510
- Schema version
- 2010v3.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-12T07:02:29-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TATULLI & ASSOCIATES LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 410 SPRUCE STREET 4TH FLOOR | AddressLine1 |
| City | SCRANTON | City |
| State | PA | State |
| ZIP Code | 18503 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223642909 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABRAMS FAMILY CHARITABLE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ABRA | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PIPPINS WAY | AddressLine1 |
| City | MORRISTOWN | City |
| State | NJ | State |
| ZIP Code | 07960 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JUDITH ABRAMS | Name |
| Title | Trustee | Title |
| Date Signed | 2011-05-12 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | VITO TATULLI | Name |
| Phone | 5702073345 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 37154 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 2500 | ContriReceivedRevAndExpnss |
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 100 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 100 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 100 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | -12425 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 6015 | GrossSalesPrice |
| Other Income Rev And Expnss | 2 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 2 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | -9823 | TotalRevenueAndExpenses |
| Total Net Investment Income | 102 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 100 | TotalAdjustedNetIncome |
| Deprec And Depletion Rev And Expnss | 0 | DeprecAndDepletionRevAndExpnss |
| Other Expenses Rev And Expnss | 641 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 566 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 641 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 566 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 9140 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 9140 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 9781 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 566 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 9140 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -19604 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 100 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | 1 | CashEOY |
| Cash EOYFMV | 1 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 7906 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 649 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 649 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 79434 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 79246 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 19963 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 45266 | InvestmentsOtherBOY |
| Investments Other EOY | 33106 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 16541 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 132606 | TotalAssetsBOY |
| Total Assets EOY | 113002 | TotalAssetsEOY |
| Total Assets EOYFMV | 37154 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 132606 | CapitalStockBOY |
| Capital Stock EOY | 113002 | CapitalStockEOY |
| Total Net Assets BOY | 132606 | TotalNetAssetsBOY |
| Total Net Assets EOY | 113002 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 132606 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 113002 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 132606 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -19604 | ExcessOfRevenueOverExpenses |
| Subtotal | 113002 | Subtotal |
| Total Net Assets Fund Balances EOY | 113002 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 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 |
|---|---|---|---|---|---|---|---|
| WHITNEY PTRS IV, LP - K1 FLOW THROUGH | D | 2001-01-01 | 2010-12-01 | 11845 | -11845 | -11845 | |
| ML (04281) 500 SHS NOKIA CORP | D | 2007-01-10 | 2010-05-03 | 6595 | -580 | -580 | 6015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -12425 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 35000 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 27291 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 1.28247 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 104700 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 95173 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 1.10010 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 89500 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 121819 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.73470 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 30000 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 28092 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 1.06792 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 60500 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 34265 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 1.76565 | DistributionRatioYear5 |
| Total Distribution Ratio | 5.95084 | TotalDistributionRatio |
| Average Distribution Ratio | 1.19017 | AverageDistributionRatio |
| Net Noncharitable Assets | 17082 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 20330 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 20330 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 9140 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Est Tax Payments And Overpayment | 1631 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 1631 | TotalCreditsAndPayments |
| Overpayment | 1631 | Overpayment |
| Amount Credited To Next Year | 1631 | 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 |
| 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 | JUDITH ABRAMS | BusinessNameLine1 |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PIPPINS WAY | AddressLine1 |
| City | MORRISTOWN | City |
| State | NJ | State |
| ZIP Code | 07960 | 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 | JUDITH ABRAMS | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 44 PIPPINS WAY | AddressLine1 |
| City | MORRISTOWN | City |
| State | NJ | State |
| ZIP Code | 07960 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Trustee | Title |
| Avg Hours Per Wk Devoted To Position | 0.00 | 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 | 14328 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 3014 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 17342 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 17342 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 260 | CashDeemedCharitable |
| Net Noncharitable Assets | 17082 | NetNoncharitableAssets |
| Minimum Investment Return | 854 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 854 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 854 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 854 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 854 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 9140 | ExpensesAndContributions |
| Qualifying Distributions | 9140 | QualifyingDistributions |
| Adj Qualifying Distributions | 9140 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 854 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 58787 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 28599 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 83466 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 99966 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 33635 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 304453 | TotalExcessDistriCarryover |
| Qualifying Distributions | 9140 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 854 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 8286 | RemainingDistriFromCorpus |
| Total Corpus | 312739 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 58787 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 253952 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 28599 | ExcessFromYear4 |
| Excess From Year3 | 83466 | ExcessFromYear3 |
| Excess From Year2 | 99966 | ExcessFromYear2 |
| Excess From Year1 | 33635 | ExcessFromYear1 |
| Excess From Current Year | 8286 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JUDITH ABRAMS | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| ROSS RECREATION | |||||||
| 9 LAGUNITAS ROAD | ROSS | CA | 94957 | NONE | 501(C)(3) | GENERAL OBLIGATION | $2,500 |
| ROSS SCHOOL FOUNDATION | |||||||
| PO BOX 582 | ROSS | CA | 94957 | NONE | 501(C)(3) | GENERAL OBLIGATION | $6,640 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 9140 | 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 | $100 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | -$12,425 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$12,323 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | -12323 | 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 (3 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| WHITNEY PTRS IV, LP - K1 FLOW THROUGH | 416 | 416 |
| VISA CARD FEE | 75 | |
| MERRLL LYNCH EMA FEE | 150 | 150 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Other Investment Income | Description |
| Revenue And Expenses Per Books | 2 | RevenueAndExpensesPerBooks |
| Net Investment Income | 2 | NetInvestmentIncome |
Comments