DOROTHY M GILLESPIE FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: DOROTHY M GILLESPIE FOUNDATION INC (EIN 13-4138652)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-15
IRS object ID: 201323199349100322
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
Form 990-PF
Other Assets Schedule
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-15T08:58:57-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	133050313	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SACKS PRESS & LACHER PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	600 THIRD AVENUE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	100161901	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	134138652	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE DOROTHY M GILLESPIE FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	DORO	NameControl
Phone	2126826640	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	C/O SACKSPRESS LACHER 600 3RD AVE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10016	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JOEL BUCHMAN	Name
Title	SECRETARY	Title
Phone	2126826640	Phone
Date Signed	2013-11-15	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	GARY W PRESS	Name
PTIN	P00192851	PTIN
Phone	2126826640	Phone
Date Prepared	2013-11-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	560820	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	904	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	4	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	4	InterestOnSavingsNetInvstIncm
Capital Gain Net Incm Net Invst Incm	0	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	908	TotalRevenueAndExpenses
Total Net Investment Income	4	TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss	0	CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm	0	CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps	0	CompOfcrDirTrstDsbrsChrtblPrps
Other Expenses Rev And Expnss	840	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	0	OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps	0	OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	840	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	2750	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	2750	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	3590	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	2750	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-2682	ExcessOfRevenueOverExpenses
Net Investment Income	4	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	5182	CashBOY
Cash EOY	2500	CashEOY
Cash EOYFMV	2500	CashEOYFMV
Other Assets BOY	115000	OtherAssetsBOY
Other Assets EOY	115000	OtherAssetsEOY
Other Assets EOYFMV	558320	OtherAssetsEOYFMV
Total Assets BOY	120182	TotalAssetsBOY
Total Assets EOY	117500	TotalAssetsEOY
Total Assets EOYFMV	560820	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	0	CapitalStockBOY
Capital Stock EOY	0	CapitalStockEOY
Paid In Or Capital Surplus BOY	0	PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY	0	PaidInOrCapitalSurplusEOY
Retained Earnings BOY	120182	RetainedEarningsBOY
Retained Earnings EOY	117500	RetainedEarningsEOY
Total Net Assets BOY	120182	TotalNetAssetsBOY
Total Net Assets EOY	117500	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	120182	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	117500	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	120182	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-2682	ExcessOfRevenueOverExpenses
Other Increases	0	OtherIncreases
Subtotal	117500	Subtotal
Other Decreases	0	OtherDecreases
Total Net Assets Fund Balances EOY	117500	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	0	LiableFor4942Tax
Qualifying Distributions Year1	0	QualifyingDistributionsYear1
Noncharitable Assets Year1	4041	NoncharitableAssetsYear1
Distribution Ratio Year1	0.000000	DistributionRatioYear1
Qualifying Distributions Year2	1500	QualifyingDistributionsYear2
Noncharitable Assets Year2	3860	NoncharitableAssetsYear2
Distribution Ratio Year2	0.388601	DistributionRatioYear2
Qualifying Distributions Year3	1000	QualifyingDistributionsYear3
Noncharitable Assets Year3	4224	NoncharitableAssetsYear3
Distribution Ratio Year3	0.236742	DistributionRatioYear3
Qualifying Distributions Year4	0	QualifyingDistributionsYear4
Noncharitable Assets Year4	3232	NoncharitableAssetsYear4
Distribution Ratio Year4	0.000000	DistributionRatioYear4
Qualifying Distributions Year5	1500	QualifyingDistributionsYear5
Noncharitable Assets Year5	3237	NoncharitableAssetsYear5
Distribution Ratio Year5	0.463392	DistributionRatioYear5
Total Distribution Ratio	1.088735	TotalDistributionRatio
Average Distribution Ratio	0.217747	AverageDistributionRatio
Net Noncharitable Assets	3158	NetNoncharitableAssets
Adjusted Noncharitable Assets	688	AdjustedNoncharitableAssets
One Percent Net Investment Income	0	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	688	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	2750	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	0	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	0	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	0	TaxBasedOnInvestmentIncome
Total Credits And Payments	0	TotalCreditsAndPayments
Tax Due	0	TaxDue

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	0	LegislativePoliticalActivities
More Than100 Spent	0	MoreThan100Spent
Form1120 POL Filed	0	Form1120POLFiled
Sect4955 Tax On Organization	0	Sect4955TaxOnOrganization
Sect4955 Tax On Managers	0	Sect4955TaxOnManagers
Reimbursement Of Tax	0	ReimbursementOfTax
Activities Not Prev Reported	0	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	0	UnrelatedBusIncomeOver1000
Termination Etc	0	TerminationEtc
Requirements Of Sect508e	1	RequirementsOfSect508e
At Least5000 In Assets	1	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Form990 PF Filed With AG	1	Form990PFFiledWithAG
Private Operating Foundation	0	PrivateOperatingFoundation
New Substantial Contributors	0	NewSubstantialContributors
Interest In Controlled Entity	0	InterestInControlledEntity
Applicable Insurance Contract	0	ApplicableInsuranceContract
Comply With Public Inspection Rqr	1	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	ACCOUNTANT	BooksInCareOfPersonName
Books In Care Of Phone Number	2126826640	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	SACKSPRESS LACHER 600 THIRD AVE	AddressLine1
City	NEW YORK	City
State	NY	State
ZIP Code	10016	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	0	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	0	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	0	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	0	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	0	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	0	TransferAssetsToDsqflyPerson
Payment To Government Offical	0	PaymentToGovernmentOffical
Uncorrected Prior Acts	0	UncorrectedPriorActs
Undistributed Income Prior Years	0	UndistributedIncomePriorYears
Business Holdings	0	BusinessHoldings
Jeopardy Investments	0	JeopardyInvestments
Uncorrected Jeopardy Investments	0	UncorrectedJeopardyInvestments
Influence Legislation	0	InfluenceLegislation
Influence Election	0	InfluenceElection
Grants To Individuals	0	GrantsToIndividuals
Grants To Organizations	0	GrantsToOrganizations
Noncharitable Purpose	0	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	0	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	0	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	0	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances	Address Line1ForeignAddress/AddressLine1	CityForeignAddress/City	Province Or StateForeignAddress/ProvinceOrState	CountryForeignAddress/Country	Postal CodeForeignAddress/PostalCode
DOROTHY M GILLESPIE
8450 ROYAL PALM BLVD APT 1402	CORAL SPRINGS	FL	33065	CHAIRPERSON	0.00	0	0	0
JOEL BUCHMAN
40 CENTRAL PARK SOUTH	NEW YORK	NY	10019	SECRETARY & DIRECTOR	0.00	0	0	0
DORIEN BIETZ
				DIRECTOR	0.00	0	0	0	55/20 MOO 4	NAMUANG	KOH SAMUI	TH	84140
GARY ISRAEL
101 GEDNEY STREET APT 2B	NYACK	NY	10960	PRESIDENT & DIRECTOR	0.00	0	0	0
RICHARD ISRAEL
326 STRAWTOWN ROAD	NEW CITY	NY	10956	VICE PRES, TREAS & DIRECTOR	0.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k	0	TotNumberOfCntrctPaidOver50k

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	TO FURTHER THE TRAINING AND EDUCATION OF YOUNG ARTISTS, PRINCIPALLY WOMEN, BY PROVIDING SCHOLARSHIPS AND GRANTS AT ACCREDITED INSTITUTIONS.	Description1
Expenses1	0	Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

Field	Value	IRS element (for citing)
Total	0	Total

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	3206	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	3206	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	3206	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	48	CashDeemedCharitable
Net Noncharitable Assets	3158	NetNoncharitableAssets
Minimum Investment Return	158	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	158	MinimumInvestmentReturn
Total Tax	0	TotalTax
Distributable Amount Before Adj	158	DistributableAmountBeforeAdj
Recoveries Qlfy Distributions	0	RecoveriesQlfyDistributions
Distributable Amount Before Ded	158	DistributableAmountBeforeDed
Deduction Fr Distributable	$0	DeductionFrDistributableAmount
Distributable Amount As Adjusted	158	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	2750	ExpensesAndContributions
Program Related Investments Total	0	ProgramRelatedInvestmentsTotal
Qualifying Distributions	2750	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	0	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	2750	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	158	DistributableAmountAsAdjusted
Undistributed Income Prior Year	0	UndistributedIncomePriorYear
Total For Prior Years	0	TotalForPriorYears
Excess Distri Carryover Year5	1338	ExcessDistriCarryoverYear5
Excess Distri Carryover Year3	789	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	1307	ExcessDistriCarryoverYear2
Total Excess Distri Carryover	3434	TotalExcessDistriCarryover
Qualifying Distributions	2750	QualifyingDistributions
Applied To Year1	0	AppliedToYear1
Applied To Prior Years	0	AppliedToPriorYears
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	158	AppliedToCurrentYear
Remaining Distri From Corpus	2592	RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus	0	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	0	ExcessDistriCyovAppliedCY
Total Corpus	6026	TotalCorpus
Prior Year Undistributed Income	0	PriorYearUndistributedIncome
Prior Year Deficiency Or Tax	0	PriorYearDeficiencyOrTax
Taxable Amount1	0	TaxableAmount1
Taxable Amount2	0	TaxableAmount2
Undistributed Income CY	0	UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g3	0	DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year5	1338	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	4688	ExcessDistriCyovToNextYear
Excess From Year3	789	ExcessFromYear3
Excess From Year2	1307	ExcessFromYear2
Excess From Current Year	2592	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MUSEUM OF FLORIDA ART	BusinessNameLine1

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	600 N WOODLAND BLVD	AddressLine1
City	DELAND	City
State	FL	State
ZIP Code	32720	ZIPCode

Field	Value	IRS element (for citing)
Recipient Relationship	N/A	RecipientRelationship
Recipient Foundation Status	PUBLIC CHARITY	RecipientFoundationStatus
Purpose Of Grant Or Contribution	ASSIST WITH EDUCATIONAL ART PROGRAMS	PurposeOfGrantOrContribution
Amount	$2,750	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	2750	TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future	0	TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$4	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Unrelated Business Income	$0	UnrelatedBusinessIncomeAmount
Exclusion	$4	ExclusionAmount
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	4	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	0	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	0	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	0	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	0	RentalOfFacilitiesEtc
Reimbursement Arrangements	0	ReimbursementArrangements
Loans Or Loan Guarantees	0	LoansOrLoanGuarantees
Performance Of Services Etc	0	PerformanceOfServicesEtc
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	0	RelationshipsNoncharitableEOs

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	ARTWORK - PLEDGED FOR GRANTS	Description
BOY Book Value	115000	BOYBookValue
EOY Book Value	115000	EOYBookValue
EOYFMV	558320	EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	ADMINISTRATIVE EXPENSES	Description
Revenue And Expenses Per Books	840	RevenueAndExpensesPerBooks
Net Investment Income	0	NetInvestmentIncome
Disbursements Charitable Prps	0	DisbursementsCharitablePrps