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CHAVIE STERN FAMILY FOUNDATION INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CHAVIE STERN FAMILY FOUNDATION INC (EIN 11-3014237)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-06-03
IRS object ID
201501549349300305
Schema version
2014v5.0
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)
Return2015-06-03T07:59:59-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SEEWALD & COMPANYBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12050 WEST COUNTY LINE ROADAddressLine1Txt
CityJACKSONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP085272035ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113014237EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHAVIE STERN FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCHAVBusinessNameControlTxt
Phone7184358544PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11405 48TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISAAC STERNPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7184358544PhoneNum
Signature2015-06-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARVIN SEEWALDPreparerPersonNm
Phone7188510087PhoneNum
Preparation2015-06-03PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerISAAC STERNPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11405 48TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$761,311GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1995FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionCHARITABLE DISTRIBUTIONActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$1,926TotalGrossUBIAmt
PY Contributions Grants$281,116PYContributionsGrantsAmt
CY Contributions Grants$759,301CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$131PYInvestmentIncomeAmt
CY Investment Income$2,010CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$281,247PYTotalRevenueAmt
CY Total Revenue$761,311CYTotalRevenueAmt
PY Grants And Similar Paid$266,693PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$259,283CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$382PYOtherExpensesAmt
CY Other Expenses$1,033CYOtherExpensesAmt
PY Total Expenses$267,075PYTotalExpensesAmt
CY Total Expenses$260,316CYTotalExpensesAmt
PY Revenues Less Expenses$14,172PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$500,995CYRevenuesLessExpensesAmt
Total Assets BOY$156,447TotalAssetsBOYAmt
Total Assets EOY$666,161TotalAssetsEOYAmt
Total Liabilities BOY$16,281TotalLiabilitiesBOYAmt
Total Liabilities EOY$25,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$140,166NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$641,161NetAssetsOrFundBalancesEOYAmt
MissionCHARITABLE DISTRIBUTIONMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$259,283ExpenseAmt
Grant$259,283GrantAmt
Revenue$761,311RevenueAmt
DescTHE CHAVIE STERN FAMILY FOUNDATION,INC,SOLICITS DONATIONS AND DISTRIBUTES THE FUNDS TO CHARITABLE ORGANIZATIONS AND NEEDY INDIVIDUALSDesc
Total Program Service Expenses$259,283TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingYes (true)LoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonISAAC STERNPersonNm
Phone7184358544PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11405 48TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ISAAC STERN
PRES5.00Yes (X)$0$0$0
GARY STERN
DIRECTOR2.00Yes (X)$0$0$0
ESTHER REIDER
DIRECTOR2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$759,301AllOtherContributionsAmt
Total Contributions$759,301TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,010TotalRevenueColumnAmt
Unrelated Business Revenue$1,926UnrelatedBusinessRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$761,311TotalRevenueColumnAmt
Related Or Exempt Func Income$84RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,926UnrelatedBusinessRevenueAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$259,283TotalAmt
Program Services$259,283ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$750TotalAmt
Program Services$0ProgramServicesAmt
Management And General$750ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$283TotalAmt
Program Services$0ProgramServicesAmt
Management And General$283ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$260,316TotalAmt
Program Services$259,283ProgramServicesAmt
Management And General$1,033ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$156,447BOYAmt
EOY$584,470EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$81,691EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$156,447BOYAmt
EOY$666,161EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$16,281BOYAmt
EOY$25,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$16,281BOYAmt
EOY$25,000EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$140,166BOYAmt
EOY$641,161EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$140,166BOYAmt
EOY$641,161EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$156,447BOYAmt
EOY$666,161EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$500,995ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support CY1700PublicSupportCY170Pct

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$189,307CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$104,850CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$171,395CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$281,247CurrentTaxYearMinus1YearAmt
Current Tax Year$759,301CurrentTaxYearAmt
Total$1,506,100TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$189,307CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$104,850CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$171,395CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$281,247CurrentTaxYearMinus1YearAmt
Current Tax Year$759,301CurrentTaxYearAmt
Total$1,506,100TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$86,667CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$60,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$53,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,416CurrentTaxYearMinus1YearAmt
Total$269,083TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$86,667CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$60,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$53,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,416CurrentTaxYearMinus1YearAmt
Total$269,083TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$1,237,017PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$58CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$150CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$97CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$131CurrentTaxYearMinus1YearAmt
Total$436TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$58CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$150CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$97CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$131CurrentTaxYearMinus1YearAmt
Total$436TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Total$1,506,536TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.82110PublicSupportCY509Pct
Public Support PY5090.62970PublicSupportPY509Pct
Investment Income CY0.00030InvestmentIncomeCYPct
Investment Income PY0.00060InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonISSAC STERNPersonNm
Relationship With OrgTRUSTEERelationshipWithOrgTxt
Loan PurposeCOVER SHORTAGELoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$25,000OriginalPrincipalAmt
Balance Due$25,000BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementfalseWrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$25,000TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Pt VI, Line 11bFORM 990 IS MADE AVAILABLE TO EACH TRUSTEE FOR COMMENT BEFORE FILING
Pt VI, Line 15aORGANIZATION IS STICTLY VOLUNTEER, NO COMPENSATI0N IS PAID
Pt VI, Line 2THE OFFICERS OF THE FOUNDATION ARE RELATED
Pt VI, Line 12cTHE OFFICERS SERVE AS VOLUNTEERS. THEY RECEIVE NO RENUMERATION.
Form 990EZ, Part I, Line 8INTEREST INCOME
Form 990EZ, Part I, Line 16BANK CHARGE
Form 990EZ, Part II, Line 26ACCOUNTS PAYABLE LOANS PAYABLE-STARS REALTY