MARK PAUL TERK CHARITABLE TR: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: MARK PAUL TERK CHARITABLE TR (EIN 80-6084948)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-09-02
IRS object ID: 201112459349100001
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
Form 990-PF
Accounting Fees Schedule
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-09-02T07:05:11-07:00	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	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	2010-01-01	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	2011-09-02	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Kenneth Kreitzman	Name
Phone	6315826060	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	1958355	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	1084	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	1084	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	1084	InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss	45000	DividendsRevAndExpnss
Dividends Net Invst Incm	45000	DividendsNetInvstIncm
Dividends Adj Net Incm	45000	DividendsAdjNetIncm
Gross Rents Rev And Expnss	1170245	GrossRentsRevAndExpnss
Gross Rents Net Invst Incm	1170245	GrossRentsNetInvstIncm
Gross Rents Adj Net Incm	1170245	GrossRentsAdjNetIncm
Net Rental Income Or Loss	956566	NetRentalIncomeOrLoss
Net Gain Sale Assets Rev And Expnss	553705	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	1578505	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	641019	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	1770034	TotalRevenueAndExpenses
Total Net Investment Income	1857348	TotalNetInvestmentIncome
Total Adjusted Net Income	1216329	TotalAdjustedNetIncome
Legal Fees Rev And Expnss	1336025	LegalFeesRevAndExpnss
Legal Fees Net Invst Incm	1336025	LegalFeesNetInvstIncm
Accounting Fees Rev And Expnss	111366	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	111366	AccountingFeesNetInvstIncm
Other Prof Fees Rev And Expnss	39175	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	39175	OtherProfFeesNetInvstIncm
Deprec And Depletion Rev And Expnss	0	DeprecAndDepletionRevAndExpnss
Other Expenses Rev And Expnss	457523	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	457523	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	1944089	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1944089	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	50000	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	50000	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	1994089	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1944089	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	50000	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-224055	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	1216329	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	260	CashBOY
Cash EOY	231	CashEOY
Cash EOYFMV	231	CashEOYFMV
Savings And Temp Cash Invst BOY	108744	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	58380	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	58380	SavingsAndTempCashInvstEOYFMV
Other Assets BOY	2073406	OtherAssetsBOY
Other Assets EOY	1899744	OtherAssetsEOY
Other Assets EOYFMV	1899744	OtherAssetsEOYFMV
Total Assets BOY	2182410	TotalAssetsBOY
Total Assets EOY	1958355	TotalAssetsEOY
Total Assets EOYFMV	1958355	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Temporarily Restricted BOY	2182410	TemporarilyRestrictedBOY
Temporarily Restricted EOY	1958355	TemporarilyRestrictedEOY
Total Net Assets BOY	2182410	TotalNetAssetsBOY
Total Net Assets EOY	1958355	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	2182410	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1958355	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	2182410	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-224055	ExcessOfRevenueOverExpenses
Subtotal	1958355	Subtotal
Total Net Assets Fund Balances EOY	1958355	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	641019	CapitalGainNetIncome

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Amount Credited To Next Year	0	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	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	0	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	0	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	0	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	0	CashDeemedCharitable
Net Noncharitable Assets	0	NetNoncharitableAssets
Minimum Investment Return	0	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	50000	ExpensesAndContributions
Qualifying Distributions	50000	QualifyingDistributions
Adj Qualifying Distributions	50000	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	0	DistributableAmountAsAdjusted
Qualifying Distributions	50000	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Remaining Distri From Corpus	50000	RemainingDistriFromCorpus
Total Corpus	50000	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	50000	ExcessDistriCyovToNextYear
Excess From Current Year	50000	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	ONE OCEANS MEDIA	RecipientPersonName

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 Foundation Status	501(c)(3)	RecipientFoundationStatus
Purpose Of Grant Or Contribution	Support Photographic Art	PurposeOfGrantOrContribution
Amount	$50,000	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	50000	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	1084	RelatedOrExemptFunctionIncome

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	45000	RelatedOrExemptFunctionIncome

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	956566	RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	641019	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	1643669	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	1643669	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	$111,366	Amount
Net Investment Income	111366	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees (2 entries)

CategoryCategory	AmountAmount	Net Investment IncomeNetInvestmentIncome	Adjusted Net IncomeAdjustedNetIncome	Disbursements Charitable PrpsDisbursementsCharitablePrps
Legal Fees	$1,334,425	1334425	0	0
Filing Fees	$1,600	1600	0	0

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (2 entries)

DescriptionDescription	BOY Book ValueBOYBookValue	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
DUE FROM ESTATE OF DECEASED	2073406	1899744
			1899744

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Net Investment IncomeNetInvestmentIncome
Tax credit	-17556	-17556
Rental Expenses	260935	260935
Rental Expenses	213679	213679
Bank Charges	465	465

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	Prof Realty Expense	Category
Amount	$39,175	Amount
Net Investment Income	39175	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps

MARK PAUL TERK CHARITABLE TR: Form 990PF, tax year 2010

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

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

US Address USAddress

Minimum Investment Return MinimumInvestmentReturn

Distributable DistributableAmount

Qualifying Distributions QualifyingDistributions

Undistributed Income UndistributedIncome

Supplementary Information SupplementaryInformation

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Subtotals Part XVIA SubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFees (2 entries)

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (4 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Comments