AEB FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: AEB FOUNDATION (EIN 20-0200319)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-15
IRS object ID: 202343199349105789
Schema version: 2022v5.0
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
Loans From Officers Schedule
Other Assets Schedule
Other Expenses Schedule
Other Liabilities Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-15T15:09:39-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	274428722	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WOLFF & COMPANY	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	6465 SOUTH 3000 EAST SUITE 204	AddressLine1Txt
City	SALT LAKE CITY	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84121	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200200319	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AEB FOUNDATION	BusinessNameLine1Txt
Business Name Line2	FKA THE GAIL & ARTHUR BENJAMIN FDTN	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	AEBF	BusinessNameControlTxt
Phone	8019443023	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2350 EAST ARBOR LANE 17964	AddressLine1Txt
City	HOLLADAY	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84117	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ARTHUR BENJAMIN	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	8019443023	PhoneNum
Signature	2023-11-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ARTHUR	PersonFirstNm
Person Last	BENJAMIN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	TONY D WOLFF CPA	PreparerPersonNm
PTIN	P00007457	PTIN
Phone	8016959533	PhoneNum
Preparation	2023-11-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$341,165	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,400	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Total Rev And Expnss	$2,400	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Legal Fees Rev And Expnss	$109	LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss	$2,060	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$2,060	AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss	$9,454	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$11,623	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$2,060	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$55,550	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$55,550	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$67,173	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$2,060	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$55,550	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$64,773	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$196	CashBOYAmt
Cash EOY	$66,736	CashEOYAmt
Cash EOYFMV	$66,736	CashEOYFMVAmt
Other Nts And Loans Rcvbl	$267,819	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$370,819	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$267,819	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$267,819	OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets EOY	$6,610	OtherAssetsEOYAmt
Other Assets EOYFMV	$6,610	OtherAssetsEOYFMVAmt
Total Assets BOY	$371,015	TotalAssetsBOYAmt
Total Assets EOY	$341,165	TotalAssetsEOYAmt
Total Assets EOYFMV	$341,165	TotalAssetsEOYFMVAmt
Loans From Officers BOY	$357,671	LoansFromOfficersBOYAmt
Loans From Officers EOY	$387,871	LoansFromOfficersEOYAmt
Other Liabilities EOY	$4,723	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$357,671	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$392,594	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$13,344	RetainedEarningBOYAmt
Retained Earning EOY	-$51,429	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$13,344	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	-$51,429	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$371,015	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$341,165	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$13,344	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$64,773	ExcessRevenueOverExpensesAmt
Subtotal	-$51,429	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	-$51,429	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	UT	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	MARCIA CUSTER	IndividualWithBooksNm
Phone	8015327800	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2350 EAST ARBOR LANE 17964	AddressLine1Txt
City	HOLLADAY	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84117	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	ARTHUR BENJAMIN	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2 WATER CLUB WAY APT 801	AddressLine1Txt
City	NORTH PALM BEACH	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33408	ZIPCd

Field	Value	IRS element (for citing)
Title	TRUSTEE	TitleTxt
Average Hrs Per Wk Devoted To Pos	000.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$49,693	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$274,429	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$324,122	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$324,122	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$4,862	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$319,260	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$15,963	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$15,963	MinimumInvestmentReturnAmt
Distributable Before Adj	$15,963	DistributableBeforeAdjAmt
Distributable Before Ded	$15,963	DistributableBeforeDedAmt
Distributable As Adjusted	$15,963	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$55,550	ExpensesAndContributionsAmt
Qualifying Distributions	$55,550	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$15,963	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$69,738	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$40,230	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$58,000	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1	$8,832	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$176,800	TotalExcessDistributionCyovAmt
Qualifying Distributions	$55,550	QualifyingDistributionsAmt
Applied To Current Year	$15,963	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$39,587	RemainingDistriFromCorpusAmt
Total Corpus	$216,387	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$69,738	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$146,649	ExcessDistriCyovToNextYrAmt
Excess From Year4	$40,230	ExcessFromYear4Amt
Excess From Year3	$58,000	ExcessFromYear3Amt
Excess From Year1	$8,832	ExcessFromYear1Amt
Excess From Current Year	$39,587	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	MARCIA CUSTER	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2350 EAST ARBOR LANE 17964	AddressLine1Txt
City	HOLLADAY	CityNm
State Abbreviation	UT	StateAbbreviationCd
ZIP	84117	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8019443023	RecipientPhoneNum
Form And Info And Materials	WRITTEN STATEMENT REQUESTING AMOUNT AND PURPOSE OF THE DONATION.	FormAndInfoAndMaterialsTxt
Submission Deadlines	LAST DAY OF EACH MONTH	SubmissionDeadlinesTxt
Restrictions On Awards	NO RESTRICTIONS	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2Txt	Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ACTION TO END DROWNING INC
ACTION TO END DROWNING INC	11231 US HWY 1 STE 420	11231 US HWY 1 STE 120	NORTH PALM BEACH	FL	33408	PC	GENERAL SUPPORT	$4,400
ALZHEIMERS COMMUNITY CARE FDTN
ALZHEIMERS COMMUNITY CAR FDTN	800 NORTHPOINT PKWY	800 NORTHPOINT PKWY	WEST PALM BEACH	FL	33407	PC	GENERAL SUPPORT	$2,500
AMERICAN DOG RESCUE
AMERICAN DOG RESCUE	2350 EAST ARBOR LANE	2350 EAST ARBOR LANE	HOLLADAY	UT	84117	PC	GENERAL SUPPORT	$6,951
CHABAD LUBAVITCH OF UTAH
CHABA LUBAVITH OF UTAH	1760 SOUTH 1100 EAST	1760 SOUTH 1100 EAST	SALT LAKE CITY	UT	84105	PC	GENERAL SUPPORT	$1,000
HUMANE SOCIETY
HUMANE SOCIETY	3200 NO MILITARY TRAIL	3200 NO MILITARY TRAIL	WEST PALM BEACH	FL	33409	PC	GENERAL SUPPORT	$5,000
IATS CURETIVITY
IATS CURETIVITY	23 OLD KINGS HWY SOUTH	23 OLD KINGS HWY SOUTH	DARIEN	CT	06820	PC	GENERAL SUPPORT	$7,588
IMAGE REBORN FOUNDATION
IMAGE REBORN FOUNDATION	5445 HIGHLAND DRIVE	5445 HIGHLAND DRIVE	HOLLADAY	UT	84117	PC	GENERAL SUPPORT	$5,000
ISREAL CANCER ASSOCIATION
ISREAL CANCER ASSOCATION	2751 S DIXIE HWY	2751 S DIXIE HWY	WEST PALM BEACH	FL	33405	PC	GENERAL SUPPORT	$13,850
PALM BEACH ROUND TABLE
PALM BEACH ROUND TABLE	44 COCOANUT ROW	44 COCOANUT ROW	PALM BEACH	FL	33480	PC	GENERAL SUPPORT	$1,850
PALM BEACH SYMPHONY
PALM BEACH SYMPHONY	400 HIBISCUS ST STE 100	400 HIBISCUS ST STE 100	WEST PALM BEACH	FL	33401	PC	GENERAL SUPPORT	$4,400
VARIOUS CHARITIES
VARIOUS CHARITIES	2350 EAST ARBOR LANE	2350 EAST ARBOR LANE	HOLLADAY	UT	84117	PC	GENERAL SUPPORT	$3,011

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$55,550	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$2,060	Amt
Net Investment Income	$2,060	NetInvestmentIncomeAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$109	LegalFeesAmt

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

Field	Value	IRS element (for citing)
Lender Person	ARTHUR BENJAMIN	LenderPersonNm
Title	TRUSTEE	TitleTxt
Loan Original	$154,250	LoanOriginalAmt
Balance Due	$387,871	BalanceDueAmt
Note	2018-12	NoteDt
Repayment Terms	VARIABLE	RepaymentTermsTxt
Security Provided Borrower	NONE	SecurityProvidedBorrowerTxt
Loan Purpose	CHARITABLE SUPPORT	LoanPurposeTxt
Lender Consideration	NONE	LenderConsiderationDesc

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	MANAGER RECEIVABLE	Desc
EOY Book Value	$6,610	EOYBookValueAmt
EOYFMV	$6,610	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
ADVERTISING - MAGAZINE	$9,454

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

Field	Value	IRS element (for citing)
Desc	CREDIT CARD	Desc
EOY Book Value	$4,723	EOYBookValueAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp (3 entries)

Balance DueBalanceDueAmt
NR AMERICAN DOG RESCUE ORG
$142,819
NR JON VASCONCELLAS
$125,000
NR ACTION TO END DROWNING ORG