JAYNE AND LEONARD ABESS FOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- JAYNE AND LEONARD ABESS FOUNDATION INC (EIN 20-0052304)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-08-27
- IRS object ID
- 201902399349100615
- Schema version
- 2018v3.1
- 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
- Schedule B
- Accounting Fees Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-08-27T15:59:14-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 591262947 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GERSON PRESTON | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1951 NW 19TH STREET STE 200 | AddressLine1Txt |
| City | BOCA RATON | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33431 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200052304 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JAYNE AND LEONARD ABESS FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC C/O THINKLAB VENTURES | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAYN | BusinessNameControlTxt |
| Phone | 3058683600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 SE 32ND ROAD | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33129 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LEONARD L ABESS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3058683600 | PhoneNum |
| Signature | 2019-08-27 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DOROTHY EISENBERG | PreparerPersonNm |
| PTIN | P01437948 | PTIN |
| Phone | 5613929059 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 38.88.165.210 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-08-27 | IPDt |
| IP Tm | 15:59:10 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 1AC58AD9972E550A7044E8694BFEC9BD3111711D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $10,442,167 | 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 | $500,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $6 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $6 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $205,869 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $205,869 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $105,723 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $3,198,219 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $105,723 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $116,104 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $116,104 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $927,702 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $427,702 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,500 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $4,500 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $46,509 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $37,207 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $9,302 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,941 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $5,017 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $186 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $149 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $37 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $73,136 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $42,373 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $13,839 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $559,830 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $559,830 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $632,966 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $42,373 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $573,669 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $294,736 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $385,329 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,499 | CashBOYAmt |
| Cash EOY | $2,065 | CashEOYAmt |
| Cash EOYFMV | $2,065 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $600,859 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $139,713 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $139,713 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $34,500 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $932,265 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $932,997 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $6,574,561 | CorporateStockBOYAmt |
| Corporate Stock EOY | $6,076,493 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $7,459,879 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $1,571,322 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $1,926,941 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $1,907,513 | CorporateBondsEOYFMVAmt |
| Total Assets BOY | $8,782,741 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,077,477 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $10,442,167 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $7,866,785 | CapitalStockBOYAmt |
| Capital Stock EOY | $7,866,785 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $915,956 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,210,692 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $8,782,741 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,077,477 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $8,782,741 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,077,477 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $8,782,741 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $294,736 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $9,077,477 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $9,077,477 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (47 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| BANK AMER CORP | P | 2018-01-18 | 2018-12-03 | $39,924 | $44,175 | -$4,251 | -$4,251 |
| CBOE GLOBAL MARKETS INC | P | 2018-01-19 | 2018-11-02 | $24,444 | $30,104 | -$5,660 | -$5,660 |
| CVS CORP | P | 2018-11-29 | 2018-11-29 | $1 | $1 | $0 | $0 |
| FRANKLIN CUSTODIAN FDS US GOVT ADV CL | P | 2018-01-10 | 2018-05-08 | $193,185 | $197,420 | -$4,235 | -$4,235 |
| FRANKLIN CUSTODIAN FDS US GOVT ADV CL | P | 2018-01-10 | 2018-06-01 | $247,578 | $252,580 | -$5,002 | -$5,002 |
| FRANKLIN LIBERTY SHORT DURATION US GOVER | P | 2017-06-23 | 2018-01-10 | $123,276 | $124,767 | -$1,491 | -$1,491 |
| GENERAL ELEC CO | P | 2017-11-14 | 2018-10-31 | $4,046 | $7,223 | -$3,177 | -$3,177 |
| KRAFT HEINZ CO/THE | P | 2017-11-29 | 2018-10-12 | $26,757 | $39,852 | -$13,095 | -$13,095 |
| LAW RESH CORP | P | 2018-04-09 | 2018-10-10 | $28,153 | $39,133 | -$10,980 | -$10,980 |
| MORGAN STANLEY DEAN WITTER | P | 2018-06-19 | 2018-11-29 | $53,325 | $59,958 | -$6,633 | -$6,633 |
| NEWELL RUBBERMAID INC | P | 2017-11-15 | 2018-09-19 | $25,949 | $34,049 | -$8,100 | -$8,100 |
| NVIDIA CORP | P | 2018-10-10 | 2018-12-17 | $28,859 | $46,843 | -$17,984 | -$17,984 |
| VANGUARD SHORT TERM CORPORATE BOND FUND | P | 2018-01-10 | 2018-05-08 | $146,646 | $150,045 | -$3,399 | -$3,399 |
| VANGUARD INTERMDIATE-TRM TREASURY ETF | P | 2018-01-10 | 2018-05-08 | $214,533 | $222,137 | -$7,604 | -$7,604 |
| AETNA INC | P | 2017-02-23 | 2018-11-29 | $95,680 | $58,421 | $37,259 | $37,259 |
| BLACKROCK INC | P | 2012-05-23 | 2018-06-01 | $16,174 | $4,800 | $11,374 | $11,374 |
| BROADCOM INC | P | 2015-07-09 | 2018-07-16 | $40,606 | $25,861 | $14,745 | $14,745 |
| BROADCOM INC | P | 2016-01-27 | 2018-11-19 | $46,109 | $24,464 | $21,645 | $21,645 |
| CVS CORP | P | 2016-11-09 | 2018-02-14 | $45,310 | $48,491 | -$3,181 | -$3,181 |
| COSTCO WHSL CORP NEW | P | 2016-06-24 | 2018-01-10 | $37,113 | $31,130 | $5,983 | $5,983 |
| DANAHER CORP | P | 2016-06-24 | 2018-01-10 | $39,060 | $29,640 | $9,420 | $9,420 |
| DISCOVER FINANCIAL SERVICES | P | 2015-03-13 | 2018-01-10 | $43,834 | $32,512 | $11,322 | $11,322 |
| DOWDUPONT INC | P | 2014-08-20 | 2018-01-10 | $40,986 | $29,303 | $11,683 | $11,683 |
| FACEBOOK INC CL A | P | 2014-04-08 | 2018-06-11 | $43,185 | $13,069 | $30,116 | $30,116 |
| FRANKLIN LIBERTY SHORT DURATION US GOVER | P | 2015-06-30 | 2018-01-10 | $324,304 | $335,768 | -$11,464 | -$11,464 |
| GARRETT MOTION INC | P | 2016-02-10 | 2018-10-03 | $1,773 | $1,139 | $634 | $634 |
| GENERAL ELEC CO | P | 2017-09-07 | 2018-10-31 | $30,344 | $71,838 | -$41,494 | -$41,494 |
| GILEAD SCIENCES INC | P | 2012-03-28 | 2018-08-06 | $77,678 | $19,352 | $58,326 | $58,326 |
| ISHARES MSCI EUROZONE ETF | P | 2017-06-06 | 2018-06-11 | $315,638 | $295,885 | $19,753 | $19,753 |
| KINDER MORGAN INC | P | 2017-02-23 | 2018-07-24 | $60,013 | $73,042 | -$13,029 | -$13,029 |
| KRAFT HEINZ CO/THE | P | 2016-11-08 | 2018-10-12 | $37,460 | $61,853 | -$24,393 | -$24,393 |
| METLIFE INC | P | 2016-08-17 | 2018-06-19 | $18,412 | $14,327 | $4,085 | $4,085 |
| METLIFE INC | P | 2015-09-11 | 2018-06-19 | $18,421 | $17,192 | $1,229 | $1,229 |
| METLIFE INC | P | 2016-08-17 | 2018-06-19 | $18,424 | $14,327 | $4,097 | $4,097 |
| METLIFE INC | P | 2016-08-17 | 2018-06-19 | $73,749 | $57,308 | $16,441 | $16,441 |
| MICROSOFT CORP | P | 2012-05-09 | 2018-01-10 | $39,420 | $13,692 | $25,728 | $25,728 |
| NEWELL RUBBERMAID INC | P | 2016-11-08 | 2018-09-19 | $25,949 | $60,907 | -$34,958 | -$34,958 |
| PEPSICO INC | P | 2011-01-24 | 2018-01-10 | $41,144 | $23,099 | $18,045 | $18,045 |
| PFIZER INC. R | P | 2016-08-23 | 2018-01-10 | $40,152 | $38,654 | $1,498 | $1,498 |
| PFIZER INC. R | P | 2016-08-23 | 2018-11-19 | $70,221 | $55,301 | $14,920 | $14,920 |
| RESIDEO TECHNOLOGIES INC | P | 2016-02-10 | 2018-10-30 | $3,855 | $3,218 | $637 | $637 |
| ROYAL DUTCH SHELL PLC SPONSORED | P | 2014-12-31 | 2018-06-01 | $62,659 | $60,331 | $2,328 | $2,328 |
| ROYAL DUTCH SHELL PLC SPONSORED | P | 2014-12-31 | 2018-12-14 | $5,855 | $6,703 | -$848 | -$848 |
| SIGNATURE BANK | P | 2014-12-31 | 2018-01-10 | $73,448 | $63,450 | $9,998 | $9,998 |
| VANGUARD SHORT TERM CORPORATE BOND FUND | P | 2013-03-01 | 2018-05-08 | $136,506 | $140,625 | -$4,119 | -$4,119 |
| VANGUARD INTERMDIATE-TRM TREASURY ETF | P | 2014-12-31 | 2018-05-08 | $77,730 | $80,639 | -$2,909 | -$2,909 |
| AXALTA COATING SYSTEMS LTD | P | 2016-05-25 | 2018-09-19 | $40,331 | $37,868 | $2,463 | $2,463 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $105,723 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $477,121 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $10,157,006 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.046975 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $444,904 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $9,056,874 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.049123 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $397,398 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $9,011,834 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.044097 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $396,576 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $8,727,779 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.045438 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $328,335 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $7,352,324 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.044657 | DistributionYr5Rt |
| Total Distribution | 0.230290 | TotalDistributionRt |
| Average Distribution | 0.046058 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $11,102,567 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $511,362 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $3,853 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $515,215 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $573,669 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $3,853 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $3,853 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $3,853 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,600 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $9,600 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $5,747 | OverpaymentAmt |
| Applied To ES Tax | $5,747 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GERSON PRESTON KLEIN LIPS EISENBERG | IndividualWithBooksNm |
| Phone | 3058683600 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4770 BISCAYNE BLVD SUITE 400 | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33137 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| LEONARD L ABESS | ||||||||
| 100 SE 32ND ROAD | MIAMI | FL | 33129 | PRESIDENT/DIRECTOR | 2.00 | $0 | $0 | $0 |
| JAYNE HARRIS ABESS | ||||||||
| 100 SE 32ND ROAD | MIAMI | FL | 33129 | VICE CHAIR/DIRECTOR | 2.00 | $0 | $0 | $0 |
| ASHLEY ABESS | ||||||||
| 100 SE 32ND ROAD | MIAMI | FL | 33129 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| MATTHEW U ABESS | ||||||||
| 100 SE 32ND ROAD | MIAMI | FL | 33129 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| BRETT U ABESS | ||||||||
| 100 SE 32ND ROAD | MIAMI | FL | 33129 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $10,760,915 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $510,727 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,271,642 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,271,642 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $169,075 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,102,567 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $555,128 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $555,128 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $3,853 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,853 | TotalTaxAmt |
| Distributable Before Adj | $551,275 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $551,275 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $551,275 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $573,669 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $573,669 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $3,853 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $569,816 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $551,275 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $448,669 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $573,669 | QualifyingDistributionsAmt |
| Applied To Year1 | $448,669 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $125,000 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $426,275 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| ARCHDIOCESE OF MIAMI | ||||||
| 9401 BISCAYNE BOULEVARD | MIAMI SHORE | FL | 33138 | 501(C)(3) | CHARITABLE | $25,000 |
| BIG BROTHERS BIG SISTERS OF MIAMI | ||||||
| 550 NW 42ND AVENUE | MIAMI | FL | 33126 | 501(C)(3) | CHARITABLE | $10,000 |
| DOLPHINS CANCER CHALLENGE | ||||||
| 347 DON SHULA DRIVE | MIAMI GARDENS | FL | 33056 | 501(C)(3) | CHARITABLE | $1,000 |
| FRICK COLLECTION | ||||||
| 1 EAST 70TH STREET | NEW YORK | NY | 33056 | 501(C)(3) | CHARITABLE | $5,000 |
| INSTITUTE OF CONTEMPORARY ART MIAMI | ||||||
| 61 NE 41ST ST | MIAMI | FL | 33137 | 501(C)(3) | CHARITABLE | $10,000 |
| JUNIOR LEAGUE OF MIAMI INC | ||||||
| 713 BILTMORE WAY | CORAL GABLES | FL | 33134 | 501(C)(3) | CHARITABLE | $1,000 |
| MIAMI COUNTRY DAY SCHOOL | ||||||
| 601 NORTHEAST 107TH STREET | MIAMI | FL | 33161 | 501(C)(3) | CHARITABLE | $10,000 |
| MONTGOMERY BOTANICAL CENTER | ||||||
| 11901 OLD CUTLER RD | MIAMI | FL | 33156 | 501(C)(3) | CHARITABLE | $12,500 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL | ||||||
| 5201 BLUE LAGOON DR STE 650 | MIAMI | FL | 33126 | 501(C)(3) | CHARITABLE | $1,000 |
| STORM KING ART CENTER | ||||||
| PO BOX 280 | MOUNTAINVILLE | NY | 10953 | 501(C)(3) | CHARITABLE | $15,000 |
| TEMPLE ISRAEL OF GREATER MIAMI | ||||||
| 137 NORTHEAST 19TH STREET | MIAMI | FL | 33132 | 501(C)(3) | CHARITABLE | $10,150 |
| THE NEW YORK BOTANICAL GARDEN | ||||||
| 200TH ST SOUTHERN BLVD | BRONX | NY | 10458 | 501(C)(3) | CHARITABLE | $323,000 |
| UNITED WAY OF MIAMI-DADE | ||||||
| 3250 SW 3RD AVENUE | MIAMI | FL | 33129 | 501(C)(3) | CHARITABLE | $78,500 |
| UNIVERSITY OF MIAMI | ||||||
| PO BOX 248073 | CORAL GABLES | FL | 33124 | 501(C)(3) | CHARITABLE | $5,000 |
| ROTARY CLUB OF HOMESTEAD CHARITABLE FOUNDATION | ||||||
| PO BOX 901215 | HOMESTEAD | FL | 33090 | 501(C)(3) | CHARITABLE | $500 |
| SOCRATES SCULPUTRE PARK | ||||||
| PO BOX 6259 32-01 VERNON BOULEVARD | LONG ISLAND CITY | NY | 11106 | 501(C)(3) | CHARITABLE | $50,000 |
| YOUNG AT ART MUSEUM | ||||||
| 751 SW 121ST AVENUE | DAVIE | FL | 33325 | 501(C)(3) | CHARITABLE | $2,000 |
| YOUNG DESIGNERS SCHLOARSHIP FUND | ||||||
| 40 NW 3RD STREET 305 | MIAMI | FL | 33128 | 501(C)(3) | CHARITABLE | $180 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $559,830 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $6 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $205,869 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $116,104 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $105,723 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $427,702 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $427,702 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | LEONARD L ABESS | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 SE 32ND ROAD | AddressLine1Txt |
| City | MIAMI | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33129 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $500,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $4,500 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $4,500 | DisbursementsCharitablePrpsAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | FIDUCIARY TRUST | BondNm |
| EOY Book Value | $1,926,941 | EOYBookValueAmt |
| EOYFMV | $1,907,513 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | FIDUCIARY TRUST | StockNm |
| EOY Book Value | $6,076,493 | EOYBookValueAmt |
| EOYFMV | $7,459,879 | EOYFMVAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $932,265 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $932,997 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER DEDUCTIONS | Desc |
| Revenue And Expenses Per Books | $186 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $149 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $37 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| CAPITAL GAIN DISTRIBUTION | $114,754 | $114,754 |
| OTHER TAXABLE INCOME | $626 | $626 |
| NONDIVIDEND DISTRIBUTIONS | $394 | $394 |
| BOOK ADJUSTMENTS | $330 | $330 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | MANAGEMENT FEES | CategoryTxt |
| Amt | $46,509 | Amt |
| Net Investment Income | $37,207 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $9,302 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $5,017 | $5,017 | $0 | $0 |
| FEDERAL INCOME TAXES | $16,924 | $0 | $0 | $0 |