STRATEGY STUDIO / PUBLIC DATA EXPLORER

BITAR FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
BITAR FOUNDATION (EIN 26-3263340)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-15
IRS object ID
201321359349101877
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)
Timestamp2013-05-15T14:32:33-05:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Fesnak and Associates LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11777 Sentry Pk W Dublin Ste 300AddressLine1
CityBlue BellCity
StatePAState
ZIP Code19422ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN263263340EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Bitar Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
In Care Of Name% GEORGE A BITARInCareOfName
Name ControlBITANameControl
Phone2125354041Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1135 East 91st StreetAddressLine1
Address Line2SuiteAddressLine2
CityNew YorkCity
StateNYState
ZIP Code10128ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameGeorge A BitarName
TitleTrusteeTitle
Phone2125354041Phone
Date Signed2013-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameKevin S HillName
Phone2674192200Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Exempt PFXExemptPF
FMV Assets EOY78812FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss1093ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss18InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm18InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss662DividendsRevAndExpnss
Dividends Net Invst Incm662DividendsNetInvstIncm
Total Revenue And Expenses1773TotalRevenueAndExpenses
Total Net Investment Income680TotalNetInvestmentIncome
Accounting Fees Rev And Expnss1043AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Taxes Rev And Expnss50TaxesRevAndExpnss
Taxes Net Invst Incm0TaxesNetInvstIncm
Other Expenses Rev And Expnss150OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm150OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss1243TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm150TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss3500ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps3500ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss4743TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm150TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps3500TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-2970ExcessOfRevenueOverExpenses
Net Investment Income530NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY15260SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY12290SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV12290SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY11159InvestmentsCorpStockBOY
Investments Corp Stock EOY11159InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV66522InvestmentsCorpStockEOYFMV
Total Assets BOY26419TotalAssetsBOY
Total Assets EOY23449TotalAssetsEOY
Total Assets EOYFMV78812TotalAssetsEOYFMV
Accounts Payable BOY0AccountsPayableBOY
Accounts Payable EOY0AccountsPayableEOY
Grants Payable BOY0GrantsPayableBOY
Grants Payable EOY0GrantsPayableEOY
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY26419CapitalStockBOY
Capital Stock EOY23449CapitalStockEOY
Retained Earnings BOY0RetainedEarningsBOY
Retained Earnings EOY0RetainedEarningsEOY
Total Net Assets BOY26419TotalNetAssetsBOY
Total Net Assets EOY23449TotalNetAssetsEOY
Total Liabilities Net Assets BOY26419TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY23449TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY26419TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-2970ExcessOfRevenueOverExpenses
Subtotal23449Subtotal
Total Net Assets Fund Balances EOY23449TotalNetAssetsFundBalancesEOY
FieldValueIRS element (for citing)
Capital Gains And LossesCapitalGainsAndLosses

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year15526QualifyingDistributionsYear1
Noncharitable Assets Year162082NoncharitableAssetsYear1
Distribution Ratio Year10.089011DistributionRatioYear1
Qualifying Distributions Year29344QualifyingDistributionsYear2
Noncharitable Assets Year253845NoncharitableAssetsYear2
Distribution Ratio Year20.173535DistributionRatioYear2
Qualifying Distributions Year30QualifyingDistributionsYear3
Noncharitable Assets Year30NoncharitableAssetsYear3
Distribution Ratio Year30.0DistributionRatioYear3
Total Distribution Ratio0.262546TotalDistributionRatio
Average Distribution Ratio0.087515AverageDistributionRatio
Net Noncharitable Assets85232NetNoncharitableAssets
Adjusted Noncharitable Assets7459AdjustedNoncharitableAssets
One Percent Net Investment Income5OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One7464AdjNonchrtblAssetsAndOnePct
Qualifying Distributions3500QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax11InvestmentIncomeExciseTax
Subtotal11Subtotal
Tax Based On Investment Income11TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due11TaxDue

Statements Regarding Activities StatementsRegardingActivities

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

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGE A BITARBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number2125354041BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1135 EAST 91ST STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10128ZIPCode
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 PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
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 (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
GEORGE A BITAR
135 East 91st StreetNEW YORKNY10128TRUSTEE00
CLAUDIA FLEMING
135 East 91st StreetNEW YORKNY10128TRUSTEE00
SALIM HADDAD
813 WEST 11 STREET SUITE CAUSTINTX78701TRUSTEE00

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1N/ADescription1
Expenses10Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1NONEDescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities72917AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances13613AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets86530TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets86530AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1298CashDeemedCharitable
Net Noncharitable Assets85232NetNoncharitableAssets
Minimum Investment Return4262MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4262MinimumInvestmentReturn
Tax Based On Investment Income11TaxBasedOnInvestmentIncome
Total Tax11TotalTax
Distributable Amount Before Adj4251DistributableAmountBeforeAdj
Distributable Amount Before Ded4251DistributableAmountBeforeDed
Distributable Amount As Adjusted4251DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions3500ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions3500QualifyingDistributions
Adj Qualifying Distributions3500AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4251DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year30ExcessDistriCarryoverYear3
Excess Distri Carryover Year27014ExcessDistriCarryoverYear2
Excess Distri Carryover Year12422ExcessDistriCarryoverYear1
Total Excess Distri Carryover9436TotalExcessDistriCarryover
Qualifying Distributions3500QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year3500AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus751ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY751ExcessDistriCyovAppliedCY
Total Corpus8685TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year8685ExcessDistriCyovToNextYear
Excess From Year26263ExcessFromYear2
Excess From Year12422ExcessFromYear1
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerGEORGE A BITARContributingManager

Appication Submission Info AppicationSubmissionInfo

FieldValueIRS element (for citing)
Recipient NameGEORGE A BITARRecipientName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1135 East 91st StreetAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10128ZIPCode
FieldValueIRS element (for citing)
Recipient Phone Number2125354041RecipientPhoneNumber
Form And Info And MaterialsN/AFormAndInfoAndMaterials
Submission DeadlinesN/ASubmissionDeadlines
Restrictions On AwardsN/ARestrictionsOnAwards

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (2 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
Baby Buggy
306 W 37th Street 8th FloorNew YorkNY10018None501(c)(3)Charitable activities$2,500
Jamhour Alumni US
c/o Adtek 500 5th Avenue Suite 21New YorkNY10110None501(c)(3)Charitable Activities$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year3500TotGrantOrContriPaidDuringYear

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 VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$680ExclusionAmount
FieldValueIRS element (for citing)
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 XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$680ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA680TotalPartXVIA

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryFESNAK AND ASSOCIATES, LLPCategory
Amount$1,043Amount

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments

FieldValueIRS element (for citing)
DescriptionNONEDescription

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockAPPLE INCNameOfStock
EOY Book Value11159EOYBookValue
EOYFMV66522EOYFMV

Land Etc Schedule2 LandEtcSchedule2

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionEMA ANNUAL FEEDescription
Revenue And Expenses Per Books150RevenueAndExpensesPerBooks
Net Investment Income150NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryNY FILING FEECategory
Amount$50Amount
Net Investment Income0NetInvestmentIncome