POTAMKIN FAMILY FOUNDATION I INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- POTAMKIN FAMILY FOUNDATION I INC (EIN 03-0387456)
- Tax period
- 2011-06-01 to 2012-05-31
- Filed
- 2013-04-11
- IRS object ID
- 201331019349100318
- Schema version
- 2011v1.5
- 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
- Depreciation Schedule
- Expln Of Non Filing With AG Stmt
- Land Etc Schedule2
- Other Decreases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-11T16:16:40-05:00 | Timestamp |
| Tax Period End Date | 2012-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VOYNOW BAYARD WHYTE & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1210 NORTHBROOK DRIVE SUITE 140 | AddressLine1 |
| City | TREVOSE | City |
| State | PA | State |
| ZIP Code | 19053 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030387456 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POTAMKIN FAMILY FOUNDATION I INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % FOUNDATION | InCareOfName |
| Name Control | POTA | NameControl |
| Phone | 3057747690 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6200 NW 167 ST | AddressLine1 |
| City | MIAMI LAKES | City |
| State | FL | State |
| ZIP Code | 33104 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ALAN POTAMKIN | Name |
| Title | CO-PRESIDENT | Title |
| Date Signed | 2013-04-09 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KEN MANN CPA | Name |
| Phone | 2153558000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 3102114 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 0 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 32925 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 32925 | DividendsNetInvstIncm |
| Capital Gain Net Incm Net Invst Incm | 0 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 32925 | TotalRevenueAndExpenses |
| Total Net Investment Income | 32925 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 6595 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 6595 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 0 | AccountingFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 799 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 799 | TaxesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 7394 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 7394 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 0 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 0 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 0 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 7394 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 7394 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 0 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 0 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 25531 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 25531 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 53133 | CashBOY |
| Cash EOY | 70664 | CashEOY |
| Cash EOYFMV | 70664 | CashEOYFMV |
| Other Notes And Loans Receivable | 2670000 | OtherNotesAndLoansReceivable |
| Other Notes And Loans Rcvbl BOY | 2670000 | OtherNotesAndLoansRcvblBOY |
| Other Notes And Loans Rcvbl EOY | 2670000 | OtherNotesAndLoansRcvblEOY |
| Other Notes And Loans Rcvbl EOYFMV | 2670000 | OtherNotesAndLoansRcvblEOYFMV |
| Investments Corp Stock BOY | 361450 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 361450 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 361450 | InvestmentsCorpStockEOYFMV |
| Total Assets BOY | 3084583 | TotalAssetsBOY |
| Total Assets EOY | 3102114 | TotalAssetsEOY |
| Total Assets EOYFMV | 3102114 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Capital Stock BOY | 3084583 | CapitalStockBOY |
| Capital Stock EOY | 3102114 | CapitalStockEOY |
| Total Net Assets BOY | 3084583 | TotalNetAssetsBOY |
| Total Net Assets EOY | 3102114 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 3084583 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 3102114 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 3084583 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 25531 | ExcessOfRevenueOverExpenses |
| Subtotal | 3110114 | Subtotal |
| Other Decreases | 8000 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 3102114 | TotalNetAssetsFundBalancesEOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gains And Losses | CapitalGainsAndLosses |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Noncharitable Assets Year1 | 384167 | NoncharitableAssetsYear1 |
| Qualifying Distributions Year2 | 447525 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 566967 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.789332 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 727230 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 203800 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 3.568351 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 1263513 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 2067478 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.611137 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 1096398 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 5186381 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.211399 | DistributionRatioYear5 |
| Total Distribution Ratio | 5.180219 | TotalDistributionRatio |
| Average Distribution Ratio | 1.036044 | AverageDistributionRatio |
| Net Noncharitable Assets | 401933 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 416420 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 255 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 416675 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 0 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 511 | InvestmentIncomeExciseTax |
| Subtotal | 511 | Subtotal |
| Tax Based On Investment Income | 511 | TaxBasedOnInvestmentIncome |
| Total Credits And Payments | 0 | TotalCreditsAndPayments |
| Penalty For Underpayment | 12 | PenaltyForUnderpayment |
| Tax Due | 523 | TaxDue |
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 |
| Termination Etc | false | TerminationEtc |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | 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 | false | ComplyWithPublicInspectionRqr |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3057747690 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6200 NW 167 ST | AddressLine1 |
| City | MIAMI LAKES | City |
| State | FL | State |
| ZIP Code | 33104 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | true | 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
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 |
|---|---|---|---|---|---|---|
| ROBERT POTAMKIN | ||||||
| OCEANSIDE 1V 7714 | FISHER ISLAND DRIVE | FL | 33109 | TRUSTEE | 0 | 0 |
| ALAN POTAMKIN | ||||||
| 1 CASUARINA CONCOURSE | CORAL GABLES | FL | 33134 | TRUSTEE | 0 | 0 |
| PETER PARIS | ||||||
| C/O 706 ELEVENTH AVE | NEW YORK | NY | 10019 | TRUSTEE | 0 | 0 |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 361451 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 46603 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 408054 | TotalFMVOfUnusedAssets |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 408054 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 6121 | CashDeemedCharitable |
| Net Noncharitable Assets | 401933 | NetNoncharitableAssets |
| Minimum Investment Return | 20097 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 20097 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 511 | TaxBasedOnInvestmentIncome |
| Total Tax | 511 | TotalTax |
| Distributable Amount Before Adj | 19586 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 19586 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 19586 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 0 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Amounts Paid Acq Charitable Assets | 0 | AmountsPaidAcqCharitableAssets |
| Amounts Set Aside Suitability Test | 0 | AmountsSetAsideSuitabilityTest |
| Amounts Set Aside Cash Distri Test | 0 | AmountsSetAsideCashDistriTest |
| Qualifying Distributions | 0 | QualifyingDistributions |
| Adj Qualifying Distributions | 0 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 19586 | DistributableAmountAsAdjusted |
| Prior Year1 | 2009 | PriorYear1 |
| Prior Year2 | 2008 | PriorYear2 |
| Prior Year3 | 2007 | PriorYear3 |
| Excess Distri Carryover Year5 | 847713 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 1160139 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 717040 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 419177 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 0 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 3144069 | TotalExcessDistriCarryover |
| Qualifying Distributions | 0 | QualifyingDistributions |
| Remaining Distri From Corpus | 0 | RemainingDistriFromCorpus |
| Excess Distri Cyov App CY Corpus | 19586 | ExcessDistriCyovAppCYCorpus |
| Excess Distri Cyov Applied CY | 19586 | ExcessDistriCyovAppliedCY |
| Total Corpus | 3124483 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 828127 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 2296356 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 1160139 | ExcessFromYear4 |
| Excess From Year3 | 717040 | ExcessFromYear3 |
| Excess From Year2 | 419177 | ExcessFromYear2 |
| Excess From Year1 | 0 | ExcessFromYear1 |
| Excess From Current Year | 0 | ExcessFromCurrentYear |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundations |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManager |
| Shareholder Manager | NONE | ShareholderManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Analysis Income Producing Acty AnalysisIncomeProducingActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Agencies | FeesContractsFromGovtAgencies | |
| Membership Dues And Assessments | MembershipDuesAndAssessments | |
| Int On Savings And Temp Cash Invst | IntOnSavingsAndTempCashInvst |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $32,925 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rental Incm Re Debt Fincd Prop | NetRentalIncmReDebtFincdProp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Incm Personal Property | NetRentalIncmPersonalProperty | |
| Other Investment Income Part VII | OtherInvestmentIncomePartVII | |
| Gain Sales Assets Oth Than Invntry | GainSalesAssetsOthThanInvntry | |
| Net Income Loss From Special Events | NetIncomeLossFromSpecialEvents | |
| Gross Profit Loss Sales Of Invntry | GrossProfitLossSalesOfInvntry |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $32,925 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 32925 | 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 | VOYNOW,BAYARD,WHYTE CO. | Category |
| Amount | $6,595 | Amount |
| Net Investment Income | 6595 | NetInvestmentIncome |
Depreciation Schedule DepreciationSchedule
Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Statement | NOT REQUIRED UNDER FLORIDA LAW. | Statement |
Land Etc Schedule2 LandEtcSchedule2
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases OtherDecreases (7 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| PRIOR PERIOD ADJUSTMENT: | $0 |
| NEW YORK NATIVITY, NEW YORK,NY 8/30/2010 | $5,000 |
| (CONTRIBUTION FOR THE CHARITABLE PURPOSE | $0 |
| OF THE FOUDATION) | $0 |
| RAMSON EVERGLADES, MIAMI, FL 09/14/2010 | $3,000 |
| (CONTRIBUTION FOR THE CHARITABLE PURPOSE | $0 |
| OF THE FOUNDATION) | $0 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | IRS | Category |
| Amount | $799 | Amount |
| Net Investment Income | 799 | NetInvestmentIncome |