BLUMBERG FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BLUMBERG FAMILY FOUNDATION INC (EIN 13-6199591)
Tax period: 2012-12-01 to 2013-11-30
Filed: 2014-06-26
IRS object ID: 201441779349100204
Schema version: 2012v2.0
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
Form 990-PF
Accounting Fees Schedule
Investments Corp Stock Schedule
Other Expenses Schedule
Other Increases Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-06-26T08:39:09-07:00	Timestamp
Tax Period End Date	2013-11-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HENRY L KARPF & CO CPA PA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 426	AddressLine1
City	MORGANVILLE	City
State	NJ	State
ZIP Code	077510426	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-12-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	136199591	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE GERALD & RHODA BLUMBERG FOUNDATION	BusinessNameLine1
Business Name Line2	INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	GERA	NameControl
Phone	2126975550	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	521 FIFTH AVENUE24TH FLOOR	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10175	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LAWRENCE S BLUMBERG	Name
Title	Treasurer	Title
Date Signed	2014-06-25	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	HENRY L KARPFCPA	Name
PTIN	P01277072	PTIN
Phone	7325918383	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	7866	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Dividends Rev And Expnss	300	DividendsRevAndExpnss
Dividends Net Invst Incm	300	DividendsNetInvstIncm
Dividends Adj Net Incm	300	DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss	6366	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	6460	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	6366	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	6666	TotalRevenueAndExpenses
Total Net Investment Income	6666	TotalNetInvestmentIncome
Total Adjusted Net Income	300	TotalAdjustedNetIncome
Accounting Fees Rev And Expnss	1650	AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm	825	AccountingFeesNetInvstIncm
Accounting Fees Dsbrs Chrtbl Prps	825	AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss	200	TaxesRevAndExpnss
Other Expenses Rev And Expnss	160	OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps	25	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	2010	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	825	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	850	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	6625	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	6625	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	8635	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	825	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	7475	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-1969	ExcessOfRevenueOverExpenses
Net Investment Income	5841	NetInvestmentIncome
Adjusted Net Income	300	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	5067	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	3192	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	3192	SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY	156	InvestmentsCorpStockBOY
Investments Corp Stock EOY	63	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	4674	InvestmentsCorpStockEOYFMV
Total Assets BOY	5223	TotalAssetsBOY
Total Assets EOY	3255	TotalAssetsEOY
Total Assets EOYFMV	7866	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	5223	RetainedEarningsBOY
Retained Earnings EOY	3255	RetainedEarningsEOY
Total Net Assets BOY	5223	TotalNetAssetsBOY
Total Net Assets EOY	3255	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	5223	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	3255	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	5223	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-1969	ExcessOfRevenueOverExpenses
Other Increases	1	OtherIncreases
Subtotal	3255	Subtotal
Total Net Assets Fund Balances EOY	3255	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
50 SH EXXONMOBIL	P	1997-04-14	2013-10-01	4284	63	4221	4221
25 SH EXXONMOBIL	P	1997-04-14	2013-08-20	2176	31	2145	2145

Field	Value	IRS element (for citing)
Capital Gain Net Income	6366	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	14222	QualifyingDistributionsYear1
Noncharitable Assets Year1	24060	NoncharitableAssetsYear1
Distribution Ratio Year1	0.59111	DistributionRatioYear1
Qualifying Distributions Year2	8630	QualifyingDistributionsYear2
Noncharitable Assets Year2	33458	NoncharitableAssetsYear2
Distribution Ratio Year2	0.25794	DistributionRatioYear2
Qualifying Distributions Year3	6918	QualifyingDistributionsYear3
Noncharitable Assets Year3	33386	NoncharitableAssetsYear3
Distribution Ratio Year3	0.20721	DistributionRatioYear3
Qualifying Distributions Year4	9929	QualifyingDistributionsYear4
Noncharitable Assets Year4	43428	NoncharitableAssetsYear4
Distribution Ratio Year4	0.22863	DistributionRatioYear4
Qualifying Distributions Year5	13252	QualifyingDistributionsYear5
Noncharitable Assets Year5	66027	NoncharitableAssetsYear5
Distribution Ratio Year5	0.20071	DistributionRatioYear5
Total Distribution Ratio	1.48559	TotalDistributionRatio
Average Distribution Ratio	0.29712	AverageDistributionRatio
Net Noncharitable Assets	13035	NetNoncharitableAssets
Adjusted Noncharitable Assets	3873	AdjustedNoncharitableAssets
One Percent Net Investment Income	58	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	3931	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	7475	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	58	InvestmentIncomeExciseTax
Subtotal	58	Subtotal
Tax Based On Investment Income	58	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	272	EstTaxPaymentsAndOverpayment
Total Credits And Payments	272	TotalCreditsAndPayments
Overpayment	214	Overpayment
Amount Credited To Next Year	214	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FOUNDATION MANAGER	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	2126975550	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	521 FIFTH AVENUE24TH FL	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10175	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
LEDA BLUMBERG
521 FIFTH AVENUE24TH FL	NEW YORK	NY	10175	Vice President	0.00	0
LAWRENCE S BLUMBERG
521 FIFTH AVENUE24TH FLOOR	NEW YORK	NY	10175	Treasurer	0.50	0
RHODA BLUMBERG
521 FIFTH AVENUE24TH FLOOR	NEW YORK	NY	10175	President	0.00	0
ALICE RUBIN
521 FIFTH AVENUE24TH FL	NEW YORK	NY	10175	Secretary	0.00	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	9704	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	3530	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	13234	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	13234	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	199	CashDeemedCharitable
Net Noncharitable Assets	13035	NetNoncharitableAssets
Minimum Investment Return	652	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	652	MinimumInvestmentReturn
Tax Based On Investment Income	58	TaxBasedOnInvestmentIncome
Total Tax	58	TotalTax
Distributable Amount Before Adj	594	DistributableAmountBeforeAdj
Distributable Amount Before Ded	594	DistributableAmountBeforeDed
Distributable Amount As Adjusted	594	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	7475	ExpensesAndContributions
Qualifying Distributions	7475	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	58	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	7417	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	594	DistributableAmountAsAdjusted
Excess Distri Carryover Year4	7764	ExcessDistriCarryoverYear4
Total Excess Distri Carryover	7764	TotalExcessDistriCarryover
Qualifying Distributions	7475	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	594	AppliedToCurrentYear
Remaining Distri From Corpus	6881	RemainingDistriFromCorpus
Total Corpus	14645	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	14645	ExcessDistriCyovToNextYear
Excess From Year4	7764	ExcessFromYear4
Excess From Current Year	6881	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	RHODA BLUMBERG	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
WOMEN SWIMMIN' FOR HOSPICARE
172 East King Road	Ithica	NY	14850	PUBLIC	EDUCATION	$175
AMER COMM FOR THE WEIZMANN INST OF
633 THIRD AVE	NEW YORK	NY	10017	PUBLIC	EDUCATION	$3,000
CENTRAL SYNAGOGUE
652 Lexington Avenue	NEW YORK	NY	10022	PUBLIC	RELIGIOUS	$3,200
WNYC FOUNDATION
160 Varick St	NEW YORK	NY	10013	PUBLIC	EDUCATION	$250

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	6625	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$300	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$6,366	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$6,666	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	6666	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	HENRY L. KARPF & CO., CPA, PA	Category
Amount	$1,650	Amount
Net Investment Income	825	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	825	DisbursementsCharitablePrps

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

Field	Value	IRS element (for citing)
Name Of Stock	EXXONMOBIL - 50 SH	NameOfStock
EOY Book Value	63	EOYBookValue
EOYFMV	4674	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks	Disbursements Charitable PrpsDisbursementsCharitablePrps
NYS Department of Law	25	25
ALM MEDIA INC-PUBLIC NOTICE	135

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	ROUNDING	Description
Amount	$1	Amount

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	IRS EXCISE TAX YE 11/30/12	Category
Amount	$200	Amount