STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

SHELDON H LISCHIN FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
SHELDON H LISCHIN FOUNDATION INC (EIN 31-1530694)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-16
IRS object ID
201631379349101048
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)
Return2016-05-16T08:17:26-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FARM CREDIT EAST ACABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1190 State Route 9HAddressLine1Txt
CityHudsonCityNm
State AbbreviationNYStateAbbreviationCd
ZIP125343819ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN311530694EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Sheldon H Lischin Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHELBusinessNameControlTxt
Phone5183985666PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 656AddressLine1Txt
CityPine PlainsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12567ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichael LischinPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2016-05-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKirk WilliamsPreparerPersonNm
PTINP00684110PTIN
Phone5188513313PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$163,088FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$2InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,014DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,014DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,014DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$6,860NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$38,831GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,860CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$9,876TotalRevAndExpnssAmt
Total Net Invst Incm$9,876TotalNetInvstIncmAmt
Total Adj Net Incm$3,016TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$550AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$550AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,936OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,936OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$3,486TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,486TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,290ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,290ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$11,776TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,486TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,290TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,900ExcessRevenueOverExpensesAmt
Net Investment Income$6,390NetInvestmentIncomeAmt
Adjusted Net Income$3,016AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$21,355CashBOYAmt
Cash EOY$12,320CashEOYAmt
Cash EOYFMV$12,320CashEOYFMVAmt
US Government Obligations BOY$8,479USGovernmentObligationsBOYAmt
US Government Obligations EOY$13,064USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$14,756USGovtObligationsEOYFMVAmt
Corporate Stock BOY$94,601CorporateStockBOYAmt
Corporate Stock EOY$93,347CorporateStockEOYAmt
Corporate Stock EOYFMV$136,012CorporateStockEOYFMVAmt
Total Assets BOY$124,435TotalAssetsBOYAmt
Total Assets EOY$118,731TotalAssetsEOYAmt
Total Assets EOYFMV$163,088TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$210,928CapitalStockBOYAmt
Capital Stock EOY$210,928CapitalStockEOYAmt
Retained Earning BOY-$86,493RetainedEarningBOYAmt
Retained Earning EOY-$92,197RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$124,435TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$118,731TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$124,435TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$118,731TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$124,435TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,900ExcessRevenueOverExpensesAmt
Subtotal$122,535SubtotalAmt
Other Decreases$3,804OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$118,731TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
50 Dominion Resources IncP2014-11-212015-07-10$3,449$3,666-$217-$217
100 Kinder Morgan IncP2014-12-312015-08-04$3,358$4,284-$926-$926
50 Amgen Inc Common StockP2013-07-132015-07-10$7,697$5,240$2,457$2,457
50 Chevron CorpP2010-09-272015-02-04$5,423$4,022$1,401$1,401
100 Eversource Energy ComP2013-04-182015-03-13$4,912$4,394$518$518
200 Genl Electric CoP2012-07-132015-02-13$5,017$3,944$1,073$1,073
150 PPL CorpP2012-12-312015-03-13$4,766$4,261$505$505
15 Allwrgan PLC Foreign StockP2013-10-012015-10-07$4,037$2,160$1,877$1,877
Capital Gain Dividends$172
FieldValueIRS element (for citing)
Capital Gain Net Income$6,860CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,143NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$7,550AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$165,254NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04569DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,646AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$159,828NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04158DistributionYr2Rt
Adjusted Qlfy Distri Yr3$7,182AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$136,662NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.05255DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,208AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$136,105NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.04561DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,050AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$113,459NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.00925DistributionYr5Rt
Total Distribution0.194688TotalDistributionRt
Average Distribution0.038938AverageDistributionRt
Net Vl Noncharitable Assets$154,915NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$6,032AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$64NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$6,096AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,290QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$64InvestmentIncomeExciseTaxAmt
Subtotal$64SubtotalAmt
Tax Based On Investment Income$64TaxBasedOnInvestmentIncomeAmt
Tax Due$64TaxDueAmt

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 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 RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Michael LischinBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5183985666PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 656AddressLine1Txt
CityPine PlainsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12567ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Gary Lischin
19 Hofstra DriveFarmingvilleNY11738Managing Direct1.00$0
Michael Lischin
189 Johnnycake Hollow RoadPine PlainsNY12567Treasurer1.00$0
Malissa Lischin
174 Carroll Street Apt 1DBrooklynNY11231Secretary1.00$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$138,534AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,740AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$157,274TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$157,274AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,359CashDeemedCharitableAmt
Net Vl Noncharitable Assets$154,915NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,746MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,746MinimumInvestmentReturnAmt
Tax Based On Investment Income$64TaxBasedOnInvestmentIncomeAmt
Total Tax$64TotalTaxAmt
Distributable Before Adj$7,682DistributableBeforeAdjAmt
Distributable Before Ded$7,682DistributableBeforeDedAmt
Distributable As Adjusted$7,682DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,290ExpensesAndContributionsAmt
Qualifying Distributions$8,290QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$64PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$8,226AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,682DistributableAsAdjustedAmt
Undistributed Income PY$6,637UndistributedIncomePYAmt
Qualifying Distributions$8,290QualifyingDistributionsAmt
Applied To Year1$6,637AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,653AppliedToCurrentYearAmt
Undistributed Income CY$6,029UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
National Racing Museum
191 Union AvenueSaratoga SpringsNY12866Public ChTo help provide public education and understanding of Thoroughbred racing.$250
Thoroughbred Retirement Foundation
10 Lake AvenueSaratoga SpringsNY12866Public ChRescue, rehabilitation, and retraining of retired Thoroughbred horses.$1,000
Kane Street Synagogue
236 Kane StreetBrooklynNY11231Public ChSupport Operational Expense of Public Charity$200
Indian Mountain School
211 Indian Mountain RoadLakevilleCT06039Public ChSupport Operational Expense of Public Charity$500
Cooperative Foster Care Network
3536 Route 199Pine PlainsNY12567Public ChSupport Operational Expense of Public Charity$350None
Wildlife Conservation Society
2300 Southern BoulevardBronxNY10460Public ChSupport operational expenses of public charity$195
Finger Lakes Thoroughbred Adoption
5757 Route 96FarmingtonNY14425Humane Care of Equine$1,000None
Rerun Thoroughbred Adoption
236B Waters RoadEast GreenbushNY12061Humane Care of Equine$4,000None
Equine Advocates Inc
3212 State Route 66ChathamNY12037Humane Care of Equine$100None
World Team Sports
4250 Veterans Memorial Hwy Ste 420HolbrookNY11741Provide Support for Disabled Vets$100None
Adopt a Classroom
110 North 5th Street 8th FloorMinneapolisMN55403Provide Educational Material and Supplies$85None
Hevreh
270 State RoadGreat BarringtonMA01230Fostor Community Care and Support$380None
Children's Charity Fund
6623 Superior Ave Ste BSarasotaFL34231Educational Support for Children$50None
Brooklyn Greenway Initiative
153 Columbia StreetBrooklynNY11231Metropolitan Preservation for the benefit of the general public$80None
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,290TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,014RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,860RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$9,876RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,876TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$550Amt
Net Investment Income$550NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescAdjustment to ending balanceDesc
Amt$3,804Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Investment Management Fees$2,511$2,511
Membership Fees$275$275
Miscellaneous$150$150