AST FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: AST FOUNDATION INC (EIN 13-4170959)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-03-01
IRS object ID: 201310609349100701
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
General Explanation Attachment
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-03-01T09:00:27-08:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Bruce Mac Corkindale CPA PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	3960 Merrick Road	AddressLine1
City	Seaford	City
State	NY	State
ZIP Code	11783	ZIPCode

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

Filer Filer

Field	Value	IRS element (for citing)
EIN	134170959	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	AST Foundation Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	ASTF	NameControl
Phone	2126915288	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 720	AddressLine1
City	New York	City
State	NY	State
ZIP Code	10014	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	David E Levy	Name
Title	Director	Title
Date Signed	2013-03-01	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Bruce Mac Corkindale	Name
PTIN	P00418764	PTIN
Phone	5167831794	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	0	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	1000	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	2	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	2	InterestOnSavingsNetInvstIncm
Total Revenue And Expenses	1002	TotalRevenueAndExpenses
Total Net Investment Income	2	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	950	AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps	50	AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss	1197	OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss	2147	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	50	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	150	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	150	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	2297	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	200	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-1295	ExcessOfRevenueOverExpenses
Net Investment Income	2	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	3861	CashBOY
Cash EOY	2566	CashEOY
Total Assets BOY	3861	TotalAssetsBOY
Total Assets EOY	2566	TotalAssetsEOY
Total Assets EOYFMV	0	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	3861	UnrestrictedBOY
Unrestricted EOY	2566	UnrestrictedEOY
Total Net Assets BOY	3861	TotalNetAssetsBOY
Total Net Assets EOY	2566	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	3861	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	2566	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	3861	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-1295	ExcessOfRevenueOverExpenses
Subtotal	2566	Subtotal
Total Net Assets Fund Balances EOY	2566	TotalNetAssetsFundBalancesEOY

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax

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	false	RequirementsOfSect508e
At Least5000 In Assets	false	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Form990 PF Filed With AG	false	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	David Levy	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	8662276598	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 720	AddressLine1
City	New York	City
State	NY	State
ZIP Code	100140720	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 (3 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
Michele Ruiz
1741 West Ellen Street	Chicago	IL	60622	Director	0.00	0
Ellen K Levy
PO Box 720	New York	NY	100140720	Director	0.00	0
David E Levy
PO Box 720	New York	NY	100140720	Director	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	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	3213	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	3213	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	3213	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	48	CashDeemedCharitable
Net Noncharitable Assets	3165	NetNoncharitableAssets
Minimum Investment Return	158	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	158	MinimumInvestmentReturn
Distributable Amount Before Adj	158	DistributableAmountBeforeAdj
Distributable Amount Before Ded	158	DistributableAmountBeforeDed
Distributable Amount As Adjusted	158	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	200	ExpensesAndContributions
Qualifying Distributions	200	QualifyingDistributions
Adj Qualifying Distributions	200	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	158	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	92	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	120	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	57	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	45	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	40	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	354	TotalExcessDistriCarryover
Qualifying Distributions	200	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	158	AppliedToCurrentYear
Remaining Distri From Corpus	42	RemainingDistriFromCorpus
Total Corpus	396	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	92	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	304	ExcessDistriCyovToNextYear
Excess From Year4	120	ExcessFromYear4
Excess From Year3	57	ExcessFromYear3
Excess From Year2	45	ExcessFromYear2
Excess From Year1	40	ExcessFromYear1
Excess From Current Year	42	ExcessFromCurrentYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$2	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$2	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	2	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	ACCOUNTING FEES	Category
Amount	$950	Amount
Net Investment Income	0	NetInvestmentIncome
Adjusted Net Income	0	AdjustedNetIncome
Disbursements Charitable Prps	50	DisbursementsCharitablePrps

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanation (2 entries)

ExplanationExplanation
Officers===========Officers of the Foundation are:Ellen K. Levy - PresidentDavid E. Levy - Secretary and TreasurerMichele Ruiz - Director
Statement regarding charitable activities============================================The Foundation supports a range of activities including furthering the interrelationship between art, science, and technology; promoting cooperation and exchange among artists, art teachers and students, and scientists; and more generally supporting programs to aid charitable, literary, and educational activities serving the common welfare.

ExplanationExplanation

Officers===========Officers of the Foundation are:Ellen K. Levy - PresidentDavid E. Levy - Secretary and TreasurerMichele Ruiz - Director

Statement regarding charitable activities============================================The Foundation supports a range of activities including furthering the interrelationship between art, science, and technology; promoting cooperation and exchange among artists, art teachers and students, and scientists; and more generally supporting programs to aid charitable, literary, and educational activities serving the common welfare.

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks
postage	96
Miscellaneous expenses	544
FILING FEES	426
Bank charges	1
ADVERTISING-ANNUAL AD	130