STRATEGY STUDIO / PUBLIC DATA EXPLORER

THE EDDIE AND RACHELLE BETESH FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE EDDIE AND RACHELLE BETESH FAMILY FOUNDATION INC (EIN 13-3981963)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-11-12
IRS object ID
201313169349100481
Schema version
2012v2.1
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)
Timestamp2013-11-12T12:29:57-06:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HECHT AND COMPANY PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1350 5TH AVENUE - 68TH FLAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code101180110ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133981963EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE EDDIE AND RACHELLE BETESHBusinessNameLine1
Business Name Line2FAMILY FOUNDATION INCBusinessNameLine2
FieldValueIRS element (for citing)
In Care Of Name% EDDIE BETESHInCareOfName
Name ControlEDDINameControl
Phone2128424000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O SARAMAX APPAREL 1372 BROADWAYAddressLine1
Address Line27TH FLOOR SuiteAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameEDDIE BETESHName
TitlePRESIDENTTitle
Phone2128424000Phone
Date Signed2013-11-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVEN STERNName
Phone2128198000Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1329484FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss1673600ContriReceivedRevAndExpnss
Total Revenue And Expenses1673600TotalRevenueAndExpenses
Total Net Investment Income0TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Other Expenses Rev And Expnss836OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps521OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss836TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps521TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss1696621ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps1696621ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss1697457TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps1697142TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-23857ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY157341CashBOY
Cash EOY123792CashEOY
Cash EOYFMV123792CashEOYFMV
Receivables From Officers EOY9692ReceivablesFromOfficersEOY
Receivables From Officers EOYFMV9692ReceivablesFromOfficersEOYFMV
Other Notes And Loans Receivable1196000OtherNotesAndLoansReceivable
Other Notes And Loans Rcvbl BOY1196000OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY1196000OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV1196000OtherNotesAndLoansRcvblEOYFMV
Total Assets BOY1353341TotalAssetsBOY
Total Assets EOY1329484TotalAssetsEOY
Total Assets EOYFMV1329484TotalAssetsEOYFMV
Loans From Officers BOY1196000LoansFromOfficersBOY
Loans From Officers EOY1196000LoansFromOfficersEOY
Total Liabilities BOY1196000TotalLiabilitiesBOY
Total Liabilities EOY1196000TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY157341CapitalStockBOY
Capital Stock EOY133484CapitalStockEOY
Total Net Assets BOY157341TotalNetAssetsBOY
Total Net Assets EOY133484TotalNetAssetsEOY
Total Liabilities Net Assets BOY1353341TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1329484TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY157341TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-23857ExcessOfRevenueOverExpenses
Subtotal133484Subtotal
Total Net Assets Fund Balances EOY133484TotalNetAssetsFundBalancesEOY
FieldValueIRS element (for citing)
Capital Gains And LossesCapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year11040334QualifyingDistributionsYear1
Noncharitable Assets Year132491NoncharitableAssetsYear1
Distribution Ratio Year132.019144DistributionRatioYear1
Qualifying Distributions Year2912732QualifyingDistributionsYear2
Noncharitable Assets Year222029NoncharitableAssetsYear2
Distribution Ratio Year241.433202DistributionRatioYear2
Qualifying Distributions Year3390782QualifyingDistributionsYear3
Noncharitable Assets Year36039NoncharitableAssetsYear3
Distribution Ratio Year364.70972DistributionRatioYear3
Qualifying Distributions Year41167714QualifyingDistributionsYear4
Noncharitable Assets Year47657NoncharitableAssetsYear4
Distribution Ratio Year4152.502808DistributionRatioYear4
Qualifying Distributions Year51863515QualifyingDistributionsYear5
Noncharitable Assets Year578554NoncharitableAssetsYear5
Distribution Ratio Year523.722726DistributionRatioYear5
Total Distribution Ratio314.3876TotalDistributionRatio
Average Distribution Ratio62.87752AverageDistributionRatio
Net Noncharitable Assets69423NetNoncharitableAssets
Adjusted Noncharitable Assets4365146AdjustedNoncharitableAssets
One Percent Net Investment Income0OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One4365146AdjNonchrtblAssetsAndOnePct
Qualifying Distributions1697142QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax
Subtotal0Subtotal
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due0TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithDEStatesFiledWith
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1EDDIE BETESHBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2124818550BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1C/O SARAMAX APPARELAddressLine1
CityBROADWAYCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersontrueBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionstrueActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
EDDIE BETESH
C/O SARAMAX APPAREL 1372 BROADWAYNEW YORKNY10018PRESIDENT1.0000
RACHELLE BETESH
C/O SARAMAX APPAREL 1372 BROADWAYNEW YORKNY10018TREASURER1.0000

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1N/ADescription1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1NONEDescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances60788AvgMonthlyCashBalances
FMV All Other Noncharitable Assets9692FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets70480TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets70480AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1057CashDeemedCharitable
Net Noncharitable Assets69423NetNoncharitableAssets
Minimum Investment Return3471MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return3471MinimumInvestmentReturn
Tax Based On Investment Income0TaxBasedOnInvestmentIncome
Total Tax0TotalTax
Distributable Amount Before Adj3471DistributableAmountBeforeAdj
Distributable Amount Before Ded3471DistributableAmountBeforeDed
Distributable Amount As Adjusted3471DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions1697142ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions1697142QualifyingDistributions
Adj Qualifying Distributions1697142AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted3471DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year51859587ExcessDistriCarryoverYear5
Excess Distri Carryover Year41167331ExcessDistriCarryoverYear4
Excess Distri Carryover Year3390480ExcessDistriCarryoverYear3
Excess Distri Carryover Year2911631ExcessDistriCarryoverYear2
Excess Distri Carryover Year11038709ExcessDistriCarryoverYear1
Total Excess Distri Carryover5367738TotalExcessDistriCarryover
Qualifying Distributions1697142QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year3471AppliedToCurrentYear
Remaining Distri From Corpus1693671RemainingDistriFromCorpus
Total Corpus7061409TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year51859587ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year5201822ExcessDistriCyovToNextYear
Excess From Year41167331ExcessFromYear4
Excess From Year3390480ExcessFromYear3
Excess From Year2911631ExcessFromYear2
Excess From Year11038709ExcessFromYear1
Excess From Current Year1693671ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerEDDIE RACHELLE BETESHContributingManager
Shareholder ManagerNAShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SEE ATTACHMENT 6BusinessNameLine1

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1VARIOUSAddressLine1
Address Line2VARIOUSAddressLine2
CityNEW YORKCity
StateNYState
ZIP Code10018ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationship
Recipient Foundation StatusPUBLIC CHARITIESRecipientFoundationStatus
Purpose Of Grant Or ContributionUNRESTRICTED CHARITABLE PURPOSESPurposeOfGrantOrContribution
Amount$1,696,621Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year1696621TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments
Int On Savings And Temp Cash InvstIntOnSavingsAndTempCashInvst
Dividends And Int From Sec Part VIIDividendsAndIntFromSecPartVII
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII
Gain Sales Assets Oth Than InvntryGainSalesAssetsOthThanInvntry
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry
Subtotals Part XVIASubtotalsPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualEDDIE RACHELLE BETESHContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line11868 E 9TH STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11223ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions1670000AggregateContributions
Person Contribution TypeXPersonContributionType

Depreciation Schedule DepreciationSchedule

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
BANK CHARGES315
FILING FEES391391
PUBLIC INSPECTION AD130130

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionCASH OVERDRAFTDescription

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort

Name Of501c3 Organization NameOf501c3Organization

FieldValueIRS element (for citing)
Business Name Line1YESHIVA BUILDING FUNDBusinessNameLine1
FieldValueIRS element (for citing)
Balance Due1196000BalanceDue