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LIEBER FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
LIEBER FAMILY FOUNDATION INC (EIN 20-3973319)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-10
IRS object ID
201623159349100417
Schema version
2015v2.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2016-11-10T09:46:56-06:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BLUESTONE FINANCIAL GROUP INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1412 WEST BROADWAYAddressLine1Txt
CityCEDARHURSTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203973319EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LIEBER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% BLUESTONEInCareOfNm
Business Name ControlLIEBBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1BLUESTONE PO BOX 335AddressLine1Txt
CityCEDARHURSTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJASON LIEBERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5162958886PhoneNum
Signature2016-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANNY TAUBENFELD CPAPreparerPersonNm
PTINP00740229PTIN
Phone5162958886PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$260,559FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$495,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$23InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$23InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$8,929NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$8,929GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$8,929CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$503,952TotalRevAndExpnssAmt
Total Net Invst Incm$8,952TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$181OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$181OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$181TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$181TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$395,420ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$395,420ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$395,601TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$181TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$395,420TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$108,351ExcessRevenueOverExpensesAmt
Net Investment Income$8,771NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$105,069CashBOYAmt
Cash EOY$164,491CashEOYAmt
Cash EOYFMV$164,491CashEOYFMVAmt
Corporate Stock BOY$47,139CorporateStockBOYAmt
Corporate Stock EOY$96,068CorporateStockEOYAmt
Corporate Stock EOYFMV$96,068CorporateStockEOYFMVAmt
Total Assets BOY$152,208TotalAssetsBOYAmt
Total Assets EOY$260,559TotalAssetsEOYAmt
Total Assets EOYFMV$260,559TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$152,208RetainedEarningBOYAmt
Retained Earning EOY$260,559RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$152,208TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$260,559TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$152,208TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$260,559TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$152,208TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$108,351ExcessRevenueOverExpensesAmt
Subtotal$260,559SubtotalAmt
Tot Net Ast Or Fund Balances EOY$260,559TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyMYDA CAPITALPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$8,929GrossSalesPriceAmt
Gain Or Loss$8,929GainOrLossAmt
Gains Minus Excess Or Losses$8,929GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$8,929CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$323,375AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$230,975NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.400043DistributionYr1Rt
Adjusted Qlfy Distri Yr2$540,593AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$443,544NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.218804DistributionYr2Rt
Adjusted Qlfy Distri Yr3$179,693AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$542,907NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.330983DistributionYr3Rt
Adjusted Qlfy Distri Yr4$555,254AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$610,263NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.90986DistributionYr4Rt
Adjusted Qlfy Distri Yr5$170,238AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$554,227NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.307163DistributionYr5Rt
Total Distribution4.166853TotalDistributionRt
Average Distribution0.833371AverageDistributionRt
Net Vl Noncharitable Assets$203,290NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$169,416AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$88NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$169,504AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$395,420QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$88InvestmentIncomeExciseTaxAmt
Subtotal$88SubtotalAmt
Tax Based On Investment Income$88TaxBasedOnInvestmentIncomeAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$88TaxDueAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1BLUESTONEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5162958886PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1412 WEST BROADWAYAddressLine1Txt
CityCEDARHURSTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd

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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JASON LIEBER
344 ATLATNIC AVECEDARHURSTNY11516PRES0$0
MIRIAM LIEBER
344 ATLANTIC AVECEDARHURSTNY11516VP0$0
MICHAEL LIEBER
344 ATLANTIC AVENUECEDARHURSTNY11516SECR0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$71,604AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$134,782AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$206,386TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$206,386AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,096CashDeemedCharitableAmt
Net Vl Noncharitable Assets$203,290NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,165MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,165MinimumInvestmentReturnAmt
Tax Based On Investment Income$88TaxBasedOnInvestmentIncomeAmt
Total Tax$88TotalTaxAmt
Distributable Before Adj$10,077DistributableBeforeAdjAmt
Distributable Before Ded$10,077DistributableBeforeDedAmt
Distributable As Adjusted$10,077DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$395,420ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$395,420QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$88PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$395,332AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$10,077DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12013PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32011PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$143,751ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$524,741ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$153,540ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$521,640ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$311,826ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,655,498TotalExcessDistributionCyovAmt
Qualifying Distributions$395,420QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$10,077AppliedToCurrentYearAmt
Remaining Distri From Corpus$385,343RemainingDistriFromCorpusAmt
Total Corpus$2,040,841TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$143,751ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,897,090ExcessDistriCyovToNextYrAmt
Excess From Year4$524,741ExcessFromYear4Amt
Excess From Year3$153,540ExcessFromYear3Amt
Excess From Year2$521,640ExcessFromYear2Amt
Excess From Year1$311,826ExcessFromYear1Amt
Excess From Current Year$385,343ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHED STATEMENTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED STATEMENTAddressLine1Txt
CityCEDARHRUSTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusTAX EXEMPTRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTEDGrantOrContributionPurposeTxt
Amt$395,420Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$395,420TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23ExclusionAmt
FieldValueIRS element (for citing)
Div And Int From Sec Part VIIDivAndIntFromSecPartVIIGrp
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment Incm Part VIIOtherInvestmentIncmPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$8,929ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,952ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,952TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementTHE TAXPAYER KEEPS ITS AVAILABLE CASH IN A CHECKING ACCOUNT AS WELL AS AN INVESTMENT ACCOUNT. THE TAXPAYER EARNS INTEREST AND CAPITAL GAIN INCOME UNTIL IT DISTRIBUTES FUNDS TO OTHER TAX EXEMPT ORGANIZATIONSRelationshipStatementTxt

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 (8 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
JASON LIEBER
1344 ATLANTIC AVENUECEDARHURSTNY11516$30,000Yes (X)
JASON LIEBER
2344 ATLANTIC AVENUECEDARHURSTNY11516$90,000Yes (X)
JASON LIEBER
3344 ATLANTIC AVENUECEDARHURSTNY11516$30,000Yes (X)
JASON LIEBER
4344 ATLANTIC AVENUECEDARHURSTNY11516$40,000Yes (X)
JASON LIEBER
5344 ATLANTIC AVENUECEDARHURSTNY11516$50,000Yes (X)
JASON LIBER
6344 ATLANTIC AVENUECEDARHURSTNY11516$20,000Yes (X)
JASON LIEBER
7344 ATLANTIC AVENUECEDARHURSTNY11516$60,000Yes (X)
JASON LIEBER
8344 ATLANTIC AVENUECEDARHURSTNY11516$175,000Yes (X)

Depreciation Schedule DepreciationSchedule

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$181RevenueAndExpensesPerBooksAmt
Net Investment Income$181NetInvestmentIncomeAmt