STRATEGY STUDIO / PUBLIC DATA EXPLORER

BANCHIK FAMILY FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
BANCHIK FAMILY FOUNDATION (EIN 95-4653371)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-14
IRS object ID
201613199349102756
Schema version
2015v2.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-14T14:03:52-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KIRSCH KOHN & BRIDGE LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121550 Oxnard Street Suite 200AddressLine1Txt
CityWoodland HillsCityNm
State AbbreviationCAStateAbbreviationCd
ZIP913677108ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954653371EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BANCHIK FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBANCBusinessNameControlTxt
Phone3108205443PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111440 SAN VICENTE BLVDAddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHOWARD BANCHIKPersonNm
Person TitleDirectorPersonTitleTxt
Signature2016-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEON GENDELMANPreparerPersonNm
PTINP00448477PTIN
Phone8189076500PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$88,258FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$225,470ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$12InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$12InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$12InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$143DividendsRevAndExpnssAmt
Dividends Net Invst Incm$143DividendsNetInvstIncmAmt
Dividends Adj Net Incm$143DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$1,572NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$203,867GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,572CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$227,197TotalRevAndExpnssAmt
Total Net Invst Incm$1,727TotalNetInvstIncmAmt
Total Adj Net Incm$155TotalAdjNetIncmAmt
Taxes Rev And Expnss$485TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$485TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$322,725ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$322,725ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$323,210TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$322,725TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$96,013ExcessRevenueOverExpensesAmt
Net Investment Income$1,727NetInvestmentIncomeAmt
Adjusted Net Income$155AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$184,118SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$64,930SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$64,930SavAndTempCashInvstEOYFMVAmt
Other Investments EOY$23,175OtherInvestmentsEOYAmt
Other Investments EOYFMV$23,328OtherInvestmentsEOYFMVAmt
Total Assets BOY$184,118TotalAssetsBOYAmt
Total Assets EOY$88,105TotalAssetsEOYAmt
Total Assets EOYFMV$88,258TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$184,118CapitalStockBOYAmt
Capital Stock EOY$88,105CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$184,118TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$88,105TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$184,118TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$88,105TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$184,118TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$96,013ExcessRevenueOverExpensesAmt
Subtotal$88,105SubtotalAmt
Tot Net Ast Or Fund Balances EOY$88,105TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1,000 SH GENERAL ELECTRIC CO.P2011-09-062015-11-24$30,300$29,205$1,095$1,095
1,000 SH GENERAL ELECTRIC CO.P2011-09-062015-10-30$29,217$29,205$12$12
500 SH TESLA MOTORS, INC.P2013-11-232015-01-12$99,937$100,025-$88-$88
300 SH THIRD AVENUE REAL ESTATE VALUE FUNDP2003-06-102015-12-22$8,589$8,523$66$66
700 SH THIRD AVENUE REAL ESTATE VALUE FUNDP2003-06-102015-12-28$20,258$19,887$371$371
200 SH VANGUARD DIVIDEND appreciationP2008-10-062015-12-22$15,566$15,450$116$116
FieldValueIRS element (for citing)
Capital Gain Net Income$1,572CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$380,383AdjustedQlfyDistriYr1Amt
Adjusted Qlfy Distri Yr2$299,728AdjustedQlfyDistriYr2Amt
Adjusted Qlfy Distri Yr3$363,732AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$321,750AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$318,004AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$61,567NetVlNoncharitableAssetsYr5Amt
Distribution Yr55.16517DistributionYr5Rt
Total Distribution5.165170TotalDistributionRt
Average Distribution1.033034AverageDistributionRt
Net Vl Noncharitable Assets$145,437NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$150,241AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$17NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$150,258AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$322,725QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$17InvestmentIncomeExciseTaxAmt
Subtotal$17SubtotalAmt
Tax Based On Investment Income$17TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$400EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$400TotalPaymentsAndCreditsAmt
Overpayment$383OverpaymentAmt
Applied To ES Tax$383AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1HOWARD BANCHIKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3108205443PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111440 SAN VICENTE BLVD 200AddressLine1Txt
CityLos AngelesCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HOWARD BANCHIK
11440 SAN VICENTE BLVD 200LOS ANGELESCA90049PRESIDENT0.00$0
JACQUELINE BANCHIK
11440 SAN VICENTE BLVD 200LOS ANGELESCA90049Secretary0.00$0
RANDALL BANCHIK
11440 SAN VICENTE BLVD 200LOS ANGELESCA90049Director0.00$0
ANISSA SIEGEL
11440 SAN VICENTE BLVD 200LOS ANGELESCA90049Director0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$124,324AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$23,328FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$147,652TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$147,652AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,215CashDeemedCharitableAmt
Net Vl Noncharitable Assets$145,437NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,272MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,272MinimumInvestmentReturnAmt
Tax Based On Investment Income$17TaxBasedOnInvestmentIncomeAmt
Total Tax$17TotalTaxAmt
Distributable Before Adj$7,255DistributableBeforeAdjAmt
Distributable Before Ded$7,255DistributableBeforeDedAmt
Distributable As Adjusted$7,255DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$322,725ExpensesAndContributionsAmt
Qualifying Distributions$322,725QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$17PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$322,708AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,255DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$314,938ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$321,787ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$363,758ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$299,801ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$380,634ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,680,918TotalExcessDistributionCyovAmt
Qualifying Distributions$322,725QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$7,255AppliedToCurrentYearAmt
Remaining Distri From Corpus$315,470RemainingDistriFromCorpusAmt
Total Corpus$1,996,388TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$314,938ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,681,450ExcessDistriCyovToNextYrAmt
Excess From Year4$321,787ExcessFromYear4Amt
Excess From Year3$363,758ExcessFromYear3Amt
Excess From Year2$299,801ExcessFromYear2Amt
Excess From Year1$380,634ExcessFromYear1Amt
Excess From Current Year$315,470ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHOWARD BANCHIKContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111440 SAN VICENTE BLVD 200AddressLine1Txt
CityLOS ANGELESCityNm
State AbbreviationCAStateAbbreviationCd
ZIP90049ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation Status501RecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$322,725Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$322,725TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$12ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$143ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,572ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,727ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,727TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionInd
HOWARD BANCHIK
113027 SAN VICENTE BLVDLOS ANGELESCA90049$100,025Yes (X)
HOWARD BANCHIK
213027 SAN VICENTE BLVDLOS ANGELESCA90049$58,410Yes (X)
HOWARD BANCHIK
313027 SAN VICENTE BLVDLOS ANGELESCA90049$28,410Yes (X)
HOWARD BANCHIK
413027 SAN VICENTE BLVDLOS ANGELESCA90049$38,625Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (4 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1500 SHARES - TESLA MOTORS, INC.$100,0252015-01-12
22,000 SHARES - GENERAL ELECTRIC COMPANY$58,4102015-10-30
31,000 SHARES - THIRD AVENUE REAL ESTATE$28,4102015-12-22
4500 SHARES - VANGUARD DIV APPRCIATION$38,6252015-12-22

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemVANGUARD DIVIDEND appreciationCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$23,175BookValueAmt
EOYFMV$23,328EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
CALIFORNIA FEES$85
federal tax$400