DAVID J SOLOWAY FOUNDATION INC: Form 990PF, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- DAVID J SOLOWAY FOUNDATION INC (EIN 20-1360694)
- Tax period
- 2009-12-01 to 2010-11-30
- Filed
- 2011-04-15
- IRS object ID
- 201131059349100303
- Schema version
- 2009v1.4
- 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 | 2011-04-15T11:34:54-00:00 | Timestamp |
| Tax Period End Date | 2010-11-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 55 Walls Drive 3rd Floor | AddressLine1 |
| City | Fairfield | City |
| State | CT | State |
| ZIP Code | 06824 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2009-12-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201360694 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The David J Soloway Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 9176562627 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2014 S Federal Hwy B-107 | AddressLine1 |
| City | Boynton Beach | City |
| State | FL | State |
| ZIP Code | 33435 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | David J Soloway | Name |
| Title | President | Title |
| Date Signed | 2011-04-01 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Jeffrey D Haskell | Name |
| Phone | 8008391754 | Phone |
| Date Prepared | 2011-04-01 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | 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 | 2248680 | 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 | 390 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 390 | InterestOnSavingsNetInvstIncm |
| Dividends Rev And Expnss | 13815 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 13815 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 24033 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 237477 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 131696 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 38238 | TotalRevenueAndExpenses |
| Total Net Investment Income | 145901 | TotalNetInvestmentIncome |
| Taxes Rev And Expnss | 400 | TaxesRevAndExpnss |
| Other Expenses Rev And Expnss | 12149 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 12149 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 12549 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 12149 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 75000 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 75000 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 87549 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 87149 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -49311 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 145901 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 245779 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 344952 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 344952 | SavingsAndTempCashInvstEOYFMV |
| Investments Corp Stock BOY | 1673624 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 1525140 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 1903728 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 1919403 | TotalAssetsBOY |
| Total Assets EOY | 1870092 | TotalAssetsEOY |
| Total Assets EOYFMV | 2248680 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 1919403 | RetainedEarningsBOY |
| Retained Earnings EOY | 1870092 | RetainedEarningsEOY |
| Total Net Assets BOY | 1919403 | TotalNetAssetsBOY |
| Total Net Assets EOY | 1870092 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 1919403 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 1870092 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 1919403 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -49311 | ExcessOfRevenueOverExpenses |
| Subtotal | 1870092 | Subtotal |
| Total Net Assets Fund Balances EOY | 1870092 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | Publicly-traded Securities | DescriptionOfAsset |
| Gross Sales Price | 237477 | GrossSalesPrice |
| Cost Or Other Basis | 105781 | CostOrOtherBasis |
| Gain Or Loss | 131696 | GainOrLoss |
| Gains Minus Excess Or Losses | 131696 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 131696 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 69888 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 1790651 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 000.039029 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 39870 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1880813 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 000.021198 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 18499 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 731869 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 000.025276 | DistributionRatioYear3 |
| Total Distribution Ratio | 000.085503 | TotalDistributionRatio |
| Average Distribution Ratio | 000.017101 | AverageDistributionRatio |
| Net Noncharitable Assets | 2113853 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 36149 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 1459 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 37608 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 87149 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 1459 | InvestmentIncomeExciseTax |
| Subtotal | 1459 | Subtotal |
| Tax Based On Investment Income | 1459 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 3305 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 3305 | TotalCreditsAndPayments |
| Tax Paid Original Return | 3305 | TaxPaidOriginalReturn |
| Form2220 Attached | X | Form2220Attached |
| Overpayment | 1846 | Overpayment |
| Amount To Be Refunded | 1846 | AmountToBeRefunded |
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 |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | 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 |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | co Foundation Source | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 8008391754 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1 |
| City | Wilmington | City |
| State | DE | State |
| ZIP Code | 198091377 | ZIPCode |
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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| 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 |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | true | 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 |
|---|---|---|---|---|---|---|
| Raymond DeStasio | ||||||
| 2014 S Federal Hwy B-107 | Boynton Beach | FL | 33435 | Director | 002.00 | 0 |
| David J Soloway | ||||||
| 2014 S Federal Hwy B-107 | Boynton Beach | FL | 33435 | President / Director / Treasurer | 004.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 1775088 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 370956 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 2146044 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 2146044 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 32191 | CashDeemedCharitable |
| Net Noncharitable Assets | 2113853 | NetNoncharitableAssets |
| Minimum Investment Return | 105693 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 105693 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 1459 | TaxBasedOnInvestmentIncome |
| Total Tax | 1459 | TotalTax |
| Distributable Amount Before Adj | 104234 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 104234 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 104234 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 87149 | ExpensesAndContributions |
| Qualifying Distributions | 87149 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 1459 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 85690 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 104234 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 85402 | UndistributedIncomePriorYear |
| Qualifying Distributions | 87149 | QualifyingDistributions |
| Applied To Year1 | 85402 | AppliedToYear1 |
| Applied To Current Year | 1747 | AppliedToCurrentYear |
| Undistributed Income CY | 102487 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (5 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN FRIENDS OF YAD ELIEZER INC | |||||||
| 1102 E 26TH ST | BROOKLYN | NY | 11210 | N/A | 509(a)(1) | Big Brothers,Big Sisters Widow Orphan Fund | $15,000 |
| DISABLED AMERICAN VET CHARITABLE SE | |||||||
| 3725 ALEXANDRIA PIKE | COLD SPRING | KY | 41076 | N/A | 509(a)(1) | Disabled Veterans | $5,000 |
| FRIENDS OF ISRAEL DISABLED VETERANS | |||||||
| 1133 BROADWAY | NEW YORK | NY | 10010 | N/A | 509(a)(1) | Services to Disabled Veterans | $25,000 |
| FRIENDS OF THE ISRAEL DEFENSE FORCE | |||||||
| 350 5TH AVE NO 2011 | NEW YORK | NY | 10118 | N/A | 509(a)(1) | Spiritual Needs Dignity Programs | $25,000 |
| RABBINICAL COLLEGE OF TELSHE INC | |||||||
| 28400 EUCLID AVE | WICKLIFFE | OH | 44092 | N/A | 509(a)(1) | Computers and/or Computer Technology | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 75000 | 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 | $390 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $13,815 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $24,033 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $38,238 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 38238 | 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 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (3 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| 170 shares of APPLE INC. AAPL | 44031 | 52895 |
| 65890 shares of ORACLE CORP ORCL | 1420455 | 1782325 |
| 1108 shares of RESEARCH IN MOTION LTD RIMM | 60654 | 68508 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Administrative Fees | Description |
| Revenue And Expenses Per Books | 12149 | RevenueAndExpensesPerBooks |
| Disbursements Charitable Prps | 12149 | DisbursementsCharitablePrps |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Estimated tax for 2010 | Category |
| Amount | $400 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Comments