LITOWITZ FOUNDATION INC: Form 990PF, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LITOWITZ FOUNDATION INC (EIN 65-0763609)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-26
- IRS object ID
- 201131469349100408
- 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
- Compensation Explanation
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-26T13:59:12-05:00 | 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 | KWAL & OLIVA PA CPAS | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 169 E FLAGLER STREET STE 800 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 331311296 | 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 | 650763609 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LITOWITZ FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LITO | NameControl |
| Phone | 3055525775 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11401 BIRD ROAD STE 370 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33165 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BUDD LITOWITZ | Name |
| Title | VICE PRESIDENT | Title |
| Phone | 3055525775 | Phone |
| Date Signed | 2011-05-02 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD M KWAL | Name |
| Phone | 3055774333 | Phone |
| Date Prepared | 2011-05-26 | DatePrepared |
| 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 | 12571118 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 161853 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 161810 | DividendsNetInvstIncm |
| Net Gain Sale Assets Rev And Expnss | 297407 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 931925 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 297407 | CapitalGainNetIncmNetInvstIncm |
| Other Income Rev And Expnss | -421676 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 7931 | OtherIncomeNetInvstIncm |
| Total Revenue And Expenses | 37584 | TotalRevenueAndExpenses |
| Total Net Investment Income | 467148 | TotalNetInvestmentIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 6000 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 3000 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 3000 | CompOfcrDirTrstDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 4719 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 2360 | AccountingFeesNetInvstIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 2359 | AccountingFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 1932 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 1623 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 31437 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 25813 | OtherExpensesNetInvstIncm |
| Other Expenses Dsbrs Chrtbl Prps | 349 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 44088 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 32796 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 5708 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 427200 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 427200 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 471288 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 32796 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 432908 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -433704 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 434352 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prepaid Expenses BOY | 5000 | PrepaidExpensesBOY |
| Prepaid Expenses EOY | 4691 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 4691 | PrepaidExpensesEOYFMV |
| Investments Corp Stock BOY | 2426089 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 3641327 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 3641327 | InvestmentsCorpStockEOYFMV |
| Investments Other BOY | 7622849 | InvestmentsOtherBOY |
| Investments Other EOY | 8925100 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 8925100 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 10053938 | TotalAssetsBOY |
| Total Assets EOY | 12571118 | TotalAssetsEOY |
| Total Assets EOYFMV | 12571118 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 10053938 | UnrestrictedBOY |
| Unrestricted EOY | 12560430 | UnrestrictedEOY |
| Total Net Assets BOY | 10053938 | TotalNetAssetsBOY |
| Total Net Assets EOY | 12560430 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 10053938 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 12560430 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 10053938 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -433704 | ExcessOfRevenueOverExpenses |
| Other Increases | 2940196 | OtherIncreases |
| Subtotal | 12560430 | Subtotal |
| Total Net Assets Fund Balances EOY | 12560430 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (66 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date AcquiredDateAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|---|
| CANADIAN DOLLARS-17,469.00 | D | 2010-05-18 | 2010-05-19 | 17469 | 16952 | 517 | 517 |
| CANADIAN DOLLARS-13,435.48 | P | 2010-05-18 | 2010-09-01 | 13435 | 13038 | 397 | 397 |
| PLAINS AMERICAN PIPELINE-100 | P | 2010-11-17 | 2010-11-17 | 1380 | 1380 | 1380 | |
| ENERGY TRANSFER EQUITY-500 | P | 2009-02-04 | 2010-11-17 | 15556 | 9020 | 6536 | 6536 |
| KINDER MORGAN ENERGY-42 | P | 2009-02-04 | 2010-11-30 | 1766 | 1106 | 660 | 660 |
| CANADIAN DOLLARS-10,179.00 | P | 2010-05-18 | 2010-05-19 | 10179 | 9878 | 301 | 301 |
| CANADIAN DOLLARS-61,969.00 | P | 2010-05-18 | 2010-12-06 | 61969 | 60135 | 1834 | 1834 |
| MAGELLAN MIDSTREAM-700 | P | 2010-11-17 | 2010-11-17 | 6403 | 6403 | 6403 | |
| ENERGY TRANSFER EQUITY-300 | P | 2009-02-04 | 2010-11-17 | 9335 | 5411 | 3924 | 3924 |
| KINDER MORGAN ENERGY-200 | P | 2009-02-04 | 2010-11-30 | 8444 | 5269 | 3175 | 3175 |
| CANADIAN DOLLARS-13,719.00 | P | 2010-05-18 | 2010-05-19 | 13719 | 13313 | 406 | 406 |
| EL PASO PIPELINE-1,000.00 | P | 2010-11-17 | 2010-11-17 | 6596 | 6596 | 6596 | |
| MAGELLAN MIDSTREAM-300 | P | 2010-11-17 | 2010-11-17 | 2744 | 2744 | 2744 | |
| ENERGY TRANSFER EQUITY-200 | P | 2009-02-04 | 2010-11-17 | 6215 | 3609 | 2606 | 2606 |
| KINDER MORGAN ENERGY-100 | P | 2009-02-04 | 2010-11-30 | 4221 | 2634 | 1587 | 1587 |
| CANADIAN DOLLARS-34,999.00 | P | 2010-05-18 | 2010-05-19 | 34999 | 33963 | 1036 | 1036 |
| EL PASO PIPELINE-1,000.00 | P | 2010-11-30 | 2010-11-30 | 6596 | 6596 | 6596 | |
| MAGELLAN MIDSTREAM-300 | P | 2010-11-17 | 2010-11-17 | 2744 | 2744 | 2744 | |
| ENERGY TRANSFER EQUITY-1,000.00 | P | 2009-02-04 | 2010-11-30 | 31163 | 18041 | 13122 | 13122 |
| KINDER MORGAN ENERGY-410 | P | 2009-02-04 | 2010-11-30 | 17309 | 10803 | 6506 | 6506 |
| CANADIAN DOLLARS-13,179.00 | P | 2010-05-18 | 2010-05-19 | 13179 | 12789 | 390 | 390 |
| ENERGY TRANSFER EQUITY-500 | P | 2010-11-17 | 2010-11-17 | 4189 | 4189 | 4189 | |
| MAGELLAN MIDSTREAM-940 | P | 2010-12-06 | 2010-12-06 | 8964 | 8964 | 8964 | |
| ENTERPRISE PRODUCTS PARTNERS-1,000.0 | P | 2009-02-17 | 2010-11-17 | 34955 | 13692 | 21263 | 21263 |
| KINDER MORGAN ENERGY-200 | P | 2009-02-04 | 2010-11-30 | 8444 | 5269 | 3175 | 3175 |
| CANADIAN DOLLARS-17,269.00 | P | 2010-05-18 | 2010-05-20 | 17269 | 16758 | 511 | 511 |
| ENERGY TRANSFER EQUITY-300 | P | 2010-11-17 | 2010-11-17 | 2513 | 2513 | 2513 | |
| MAGELLAN MIDSTREAM-60 | P | 2010-12-06 | 2010-12-06 | 572 | 572 | 572 | |
| MAGELLAN MIDSTREAM-700 | P | 2009-02-04 | 2010-11-17 | 32799 | 20369 | 12430 | 12430 |
| CAPITAL LOSS SECT 1231-K-1 | P | 4443 | -4443 | -4443 | |||
| CANADIAN DOLLARS-10,019.00 | P | 2010-05-18 | 2010-05-20 | 10019 | 9722 | 297 | 297 |
| ENERGY TRANSFER EQUITY-200 | P | 2010-11-17 | 2010-11-17 | 1676 | 1676 | 1676 | |
| SPECTRA ENERGY PARTNERS-800 | P | 2010-11-17 | 2010-11-17 | 4686 | 4686 | 4686 | |
| MAGELLAN MIDSTREAM-300 | P | 2009-02-04 | 2010-11-17 | 14056 | 8729 | 5327 | 5327 |
| CANADIAN DOLLARS-12,819.00 | P | 2010-05-18 | 2010-05-20 | 12819 | 12440 | 379 | 379 |
| ENERGY TRANSFER EQUITY-1,000.00 | P | 2010-11-30 | 2010-11-30 | 8378 | 8378 | 8378 | |
| SPECTRA ENERGY PARTNERS-200 | P | 2010-11-17 | 2010-11-17 | 1172 | 1172 | 1172 | |
| MAGELLAN MIDSTREAM-300 | P | 2009-02-04 | 2010-11-17 | 14056 | 8729 | 5327 | 5327 |
| PARAMOUNT ENERGY-2,000.00 | P | 2010-05-19 | 2010-07-06 | 10179 | 10179 | ||
| KINDER MORGAN ENERGY-48 | P | 2010-11-17 | 2010-11-17 | 1321 | 1321 | 1321 | |
| TEEKAY LNG-1,000.00 | P | 2010-11-17 | 2010-11-17 | 721 | 721 | 721 | |
| MAGELLAN MIDSTREAM-940 | P | 2009-02-04 | 2010-12-06 | 43902 | 27310 | 16592 | 16592 |
| PARAMOUNT ENERGY-2,000.00 | P | 2010-05-20 | 2010-07-06 | 10019 | 10019 | ||
| KINDER MORGAN ENERGY-42 | P | 2010-11-30 | 2010-11-30 | 1156 | 1156 | 1156 | |
| TEEKAY LNG-1,000.00 | P | 2010-11-30 | 2010-11-30 | 721 | 721 | 721 | |
| MAGELLAN MIDSTREAM-60 | P | 2009-02-04 | 2010-12-06 | 2804 | 1742 | 1062 | 1062 |
| CANADIAN DOLLARS-75,632.00 | P | 2010-05-18 | 2010-08-04 | 75632 | 73393 | 2239 | 2239 |
| KINDER MORGAN ENERGY-200 | P | 2010-11-30 | 2010-11-30 | 5506 | 5506 | 5506 | |
| ENTERPRISE PRODUCTS PARTNERS-1,000.0 | P | 2010-11-17 | 2010-11-17 | 8116 | 8116 | 8116 | |
| PLAINS AMERICAN PIPELINE-900 | P | 2009-02-04 | 2010-11-17 | 45027 | 32467 | 12560 | 12560 |
| CANADIAN DOLLARS-16,819.00 | P | 2010-05-18 | 2010-08-13 | 16819 | 16321 | 498 | 498 |
| KINDER MORGAN ENERGY-100 | P | 2010-11-30 | 2010-11-30 | 2754 | 2754 | 2754 | |
| TEEKAY LNG-1,000.00 | P | 2009-02-04 | 2010-11-17 | 34670 | 19728 | 14942 | 14942 |
| PLAINS AMERICAN PIPELINE-100 | P | 2009-02-04 | 2010-11-17 | 4996 | 3607 | 1389 | 1389 |
| CANADIAN DOLLARS-4,792.22 | P | 2010-05-18 | 2010-08-17 | 4792 | 4650 | 142 | 142 |
| KINDER MORGAN ENERGY-410 | P | 2010-11-30 | 2010-11-30 | 11288 | 11288 | 11288 | |
| TEEKAY LNG-1,000.00 | P | 2009-02-04 | 2010-11-30 | 35170 | 19728 | 15442 | 15442 |
| SPECTRA ENERGY PARTNERS-800 | P | 2009-02-04 | 2010-11-17 | 22954 | 14911 | 8043 | 8043 |
| CANADIAN DOLLARS-27,009.95 | P | 2010-05-18 | 2010-08-23 | 27010 | 26210 | 800 | 800 |
| KINDER MORGAN ENERGY-200 | P | 2010-11-30 | 2010-11-30 | 5506 | 5506 | 5506 | |
| EL PASO PIPELINE-1,000.00 | P | 2009-02-04 | 2010-11-17 | 28085 | 15021 | 13064 | 13064 |
| SPECTRA ENERGY PARTNERS-200 | P | 2009-02-04 | 2010-11-17 | 5740 | 3729 | 2011 | 2011 |
| CANADIAN DOLLARS-23,813.36 | P | 2010-05-18 | 2010-08-24 | 23813 | 23105 | 708 | 708 |
| PLAINS AMERICAN PIPELINE-900 | P | 2010-11-17 | 2010-11-17 | 12428 | 12428 | 12428 | |
| EL PASO PIPELINE-1,000.00 | P | 2009-02-04 | 2010-11-30 | 26275 | 15021 | 11254 | 11254 |
| KINDER MORGAN ENERGY-48 | P | 2009-02-04 | 2010-11-17 | 2026 | 1265 | 761 | 761 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 297407 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 114142 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 441916 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 8300634 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.053239 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 462372 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 9258282 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.049941 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 319457 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 9728892 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.032836 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 346534 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 8922746 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.038837 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 173354 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 3633438 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.047711 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.222564 | TotalDistributionRatio |
| Average Distribution Ratio | 0.044513 | AverageDistributionRatio |
| Net Noncharitable Assets | 11142841 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 496001 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 4344 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 500345 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 432908 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 8687 | InvestmentIncomeExciseTax |
| Subtotal | 8687 | Subtotal |
| Tax Based On Investment Income | 8687 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 5000 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 5000 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Penalty For Underpayment | 67 | PenaltyForUnderpayment |
| Tax Due | 3754 | TaxDue |
| 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 |
| 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 |
| Website Address | NONE | WebsiteAddress |
| Books In Care Of Person Name | ROBERT LITOWITZ | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 3055525775 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11401 SW 40 STREET 370 | AddressLine1 |
| City | MIAMI | City |
| State | FL | State |
| ZIP Code | 33165 | 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 |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| ROBERT LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | PRES./TREAS. | 4.00 | 1200 | 0 | 0 |
| DONNA LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | VP / SEC. | 4.00 | 1200 | 0 | 0 |
| BUDD LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | VP | 4.00 | 1200 | 0 | 0 |
| SUSAN LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | DIRECTOR | 4.00 | 1200 | 0 | 0 |
| ARTHUR LITOWITZ | ||||||||
| 11401 SW 40 ST | MIAMI | FL | 33165 | DIRECTOR | 4.00 | 1200 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 11307683 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 0 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 4846 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 11312529 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 11312529 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 169688 | CashDeemedCharitable |
| Net Noncharitable Assets | 11142841 | NetNoncharitableAssets |
| Minimum Investment Return | 557142 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 557142 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 8687 | TaxBasedOnInvestmentIncome |
| Total Tax | 8687 | TotalTax |
| Distributable Amount Before Adj | 548455 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 548455 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 548455 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 432908 | ExpensesAndContributions |
| Qualifying Distributions | 432908 | QualifyingDistributions |
| Adj Qualifying Distributions | 432908 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 548455 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 223676 | UndistributedIncomePriorYear |
| Qualifying Distributions | 432908 | QualifyingDistributions |
| Applied To Year1 | 223676 | AppliedToYear1 |
| Applied To Current Year | 209232 | AppliedToCurrentYear |
| Undistributed Income CY | 339223 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (31 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| AMERICAN UNIV | |||||||
| 4400 MASSACHUSETTS AVE | WASHINGTON | DC | 20016 | NONE | EXEMPT | EDUCATION | $100,000 |
| ANIMAL RIGHTS FNDT OF FL | |||||||
| 1431 N FEDERAL HIGHWAY | FORT LAUDERDALE | FL | 33304 | NONE | EXEMPT | SUPPORT ANIMAL RIGHTS | $5,000 |
| BROWARD PERFORMING ARTS F | |||||||
| 201 SW FIFTH AVENUE | FORT LAUDERDALE | FL | 33312 | NONE | EXEMPT | SUPPORT FOR ARTS | $500 |
| COMMUNITY COMMUNICATIONS | |||||||
| 11510 E COLONIAL DR | ORLANDO | FL | 32817 | NONE | EXEMPT | PUBLIC RADIO | $10,000 |
| CORNELL UNIVERSITY | |||||||
| P O BOX 516 | ITHACA | NY | 14851 | NONE | EXEMPT | EDUCATION | $1,000 |
| CULTURE AND ANIMALS FNDT | |||||||
| 3509 EDEN CROFT DR | RALEIGH | NC | 27612 | NONE | EXEMPT | ANIMAL ADVOCACY | $5,000 |
| ECO-ACTION INC | |||||||
| 511 N FERNCREEK AVE | ORLANDO | FL | 32803 | NONE | EXEMPT | ENVIRONMENTAL PROTECTION | $5,000 |
| FRIENDS OF IDF | |||||||
| 350 FIFTH AVENUE 2011 | NEW YORK | NY | 10118 | NONE | EXEMPT | SUPPORT RELIGIOUS FREEDOM | $101,200 |
| FUNDACION SAVE A SATOINC | |||||||
| PO BOX 190068 | SAN JUAN | PR | 00919 | NONE | EXEMPT | ANIMAL WELFARE | $5,000 |
| GL FNDT FOR PED INFANTI | |||||||
| 1295 NW 14TH STREET D | MIAMI | FL | 33125 | NONE | EXEMPT | HEALTH | $5,000 |
| GREATER MIAMI JEWISH FED | |||||||
| 4200 BISCAYNE BLVD | MIAMI | FL | 33137 | NONE | EXEMPT | EDUCATION | $5,000 |
| GREENWOOD HOUSE HOME FOR | |||||||
| 53 WALTER ST | W TRENTON | NJ | 08628 | NONE | EXEMPT | HEALTH | $6,000 |
| INDIAN RIVER INSTITUTE FO | |||||||
| 1125 N DIXIE FWY | SMYRNA BEACH | FL | 32168 | NONE | EXEMPT | SUPPORT FOR ARTS | $20,000 |
| JUVENILE DIABETES RESE FN | |||||||
| 3411 NW 9TH AVE 701 | FT LAUDERDALE | FL | 33309 | NONE | EXEMPT | MEDICAL RESEARCH | $500 |
| MASS SOCIETY FOR PREVENT | |||||||
| 99 SUMMER STREET | BOSTON | MA | 02110 | NONE | EXEMPT | FIGHT CRUELTY TOWARD CHILDREN | $2,500 |
| MERRIMACK REPERTORY THTR | |||||||
| PO BOX 228 | LOWELL | MA | 01852 | NONE | EXEMPT | SUPPORT FOR ARTS | $10,000 |
| NATL EDUCATION FOR ASSIST | |||||||
| P O BOX 213 | WEST BOYLSTON | MA | 01583 | NONE | EXEMPT | ASSIST DISABLED PERSONS | $2,500 |
| NEW ENGLAND WILDFLOWER | |||||||
| 300 MASS AV | BOSTON | MA | 02115 | NONE | EXEMPT | NATURE'S PRESERVATION | $50,000 |
| PROJECT VOTE SMART | |||||||
| 1 COMMON GROUND | PHILIPSBURG | MT | 59858 | NONE | EXEMPT | EDUCATION | $15,000 |
| SOMERSET HILLS LEARN INST | |||||||
| 1810 BURNT MILLS ROAD | BEDMINSTER | NJ | 07921 | NONE | EXEMPT | SCIENCE BASED PROGRAM FOR AUTISM | $1,000 |
| SUDBURY VALLEY TRUSTEES I | |||||||
| 18 WOLBACH ROAD | SUDBURY | MA | 01776 | NONE | EXEMPT | ENVIRONMENTAL PROTECTION | $5,000 |
| THE BUDDY DOG HUMANE SOC | |||||||
| PO BOX 296 | SADBURY | MA | 01776 | NONE | EXEMPT | ANIMAL WELFARE | $3,000 |
| THE HUMANE SOCIETY OF THE | |||||||
| 2100 L STREET NW | WASHINGTON | DC | 20037 | NONE | EXEMPT | SUPPORT ANIMAL RIGHTS | $2,000 |
| THEATRE FOR A NEW AUDIENC | |||||||
| 154 CHRISTOPHER STREET | NEW YORK | NY | 10014 | NONE | EXEMPT | SUPPORT FOR ARTS | $5,000 |
| WDCS INC | |||||||
| 7 NELSON STREET | PLYMOUTH | MA | 02360 | NONE | EXEMPT | PROTECTION OF WHALES & DOLPHINS | $30,000 |
| WLRN | |||||||
| 172 NE 15 ST | MIAMI | FL | 33132 | NONE | EXEMPT | PUBLIC RADIO & TV | $15,000 |
| AMIGOS CHICAGO NORTH CHP | |||||||
| 5618 STAR LANE | HOUSTON | TX | 77057 | NONE | EXEMPT | COMMUNITY SERVICE | $500 |
| DANFORTH MUSEUM OF ART | |||||||
| 123 UNION AVENUE | FRAMINGHAM | MA | 01702 | NONE | EXEMPT | SUPPORT FOR ARTS | $5,500 |
| NOVA SOUTH UNIV COLLEGE | |||||||
| 3200 S UNIVERSITY DRIVE | FT LAUDERDALE | FL | 33328 | NONE | EXEMPT | COLLEGE OF DENTAL | $5,000 |
| READER'S COVE INC | |||||||
| 3064 S CHANNEL DRIVE | HARSENS ISLAND | MI | 48028 | NONE | EXEMPT | COMMUNITY LIBRARY | $2,000 |
| SAVE A DOG INC | |||||||
| 604 BOSTON POST ROAD | SUDBURY | MA | 01776 | NONE | EXEMPT | HUMANE SOCIETY | $4,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 427200 | 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 | $161,853 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $7,931 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $297,407 | ExclusionAmount |
Other Revenue Described OtherRevenueDescribed (9 entries)
| DescriptionDescription | Exclusion CodeExclusionCode | ExclusionExclusionAmount |
|---|---|---|
| EL PASO PIPELINE LP | 15 | -$10,688 |
| EL PASO PIPELINE LP | 14 | -$10,688 |
| ENERGY TRANSFER EQUITY LP | 14 | -$103,728 |
| KINDER MORGAN ENERGY PART L | 14 | -$204,807 |
| PLAINS ALL AMERICAN PIPELIN | 14 | -$29,311 |
| MAGELLAN MIDSTREAM PARTNERS | 14 | -$5,305 |
| SPECTRA ENERGY PARTNERS LP | 14 | -$13,017 |
| TEEKAY LNG PARTNERS LP | 14 | -$23,600 |
| ENTERPRISE PRODUCTS PARTNER | 14 | -$28,463 |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $37,584 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 37584 | 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 | Category |
| Amount | $4,719 | Amount |
| Net Investment Income | 2360 | NetInvestmentIncome |
| Disbursements Charitable Prps | 2359 | DisbursementsCharitablePrps |
Compensation Explanation CompensationExplanation
Compensation Compensation (5 entries)
| ROBERT LITOWITZ |
| DONNA LITOWITZ |
| BUDD LITOWITZ |
| SUSAN LITOWITZ |
| ARTHUR LITOWITZ |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock (16 entries)
| Name Of StockNameOfStock | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|
| COLUMBIA CASH RESERVE | 801567 | 801567 |
| PMC COMMERCIAL TRUST | 431513 | 431513 |
| PENGROWTH ENERGY TRUST | 450100 | 450100 |
| PENN WEST ENERGY TRUST | 574080 | 574080 |
| MARATHON OIL CORP | 621734 | 621734 |
| WESTERNZAGROS RES LTD COM ISIN | 95606 | 95606 |
| WINDSTREAM CAPITAL | 13940 | 13940 |
| ALTAGAS LTD COM | 109193 | 109193 |
| ATLANTIC POWER CORP | 59040 | 59040 |
| CANADIAN DOLLAR INVESTMENT | 173829 | 173829 |
| ENERPLUS RESOURCES | 30840 | 30840 |
| PERPETUAL ENERGY | 39551 | 39551 |
| PEYTO ENERGY TRUST | 18608 | 18608 |
| VERMILLON ENERGY | 93031 | 93031 |
| YELLOW MEDIA INC | 74875 | 74875 |
| WALTER IVT MGMT | 53820 | 53820 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (8 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| EL PASO PIPELINE LP | FMV | 1103850 | 1103850 |
| ENERGY TRANSFER EQUITY LP | FMV | 1093960 | 1093960 |
| KINDER MORGAN ENERGY PARTNERS LP | FMV | 1686240 | 1686240 |
| PLAINS ALL AMERICAN PIPEKINE LP | FMV | 1193010 | 1193010 |
| MAGELLAN MIDSTREAM HOLDINGS LP | FMV | 1299500 | 1299500 |
| SPECTRA ENERGY PARTNERS LP | FMV | 985500 | 985500 |
| TEEKAY LNG PARTNERS LP | FMV | 1063720 | 1063720 |
| ENTERPRISE PRODUCTS PARTNERS | FMV | 499320 | 499320 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (6 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|
| EXPENSES | |||
| DUES AND SUBSCRIPTIONS | 556 | 278 | 278 |
| INVESTMENT EXPENSES | 25464 | 25464 | |
| POSTAGE | 142 | 71 | 71 |
| NONDEDUCTABLE EXP PER K-1 | 5272 | ||
| OTHER | 3 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome (10 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| OTHER INCOME | 7931 | 7931 |
| EL PASO PIPELINE LP | -10688 | |
| EL PASO PIPELINE LP | -10688 | |
| ENERGY TRANSFER EQUITY LP | -103728 | |
| KINDER MORGAN ENERGY PART LP | -204807 | |
| PLAINS ALL AMERICAN PIPELINE | -29311 | |
| MAGELLAN MIDSTREAM PARTNERS, | -5305 | |
| SPECTRA ENERGY PARTNERS LP | -13017 | |
| TEEKAY LNG PARTNERS LP | -23600 | |
| ENTERPRISE PRODUCTS PARTNERS | -28463 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ADJUSTMENT TO MARKET VALUE REQUIRED BY FASB 124 | Description |
| Amount | $2,940,196 | Amount |
Taxes Schedule TaxesSchedule
Taxes Taxes (2 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| FOREIGN TAX | $1,623 | 1623 |
| EXCISE TAX - 2010 | $309 |
Comments