SHELDON H LISCHIN FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: SHELDON H LISCHIN FOUNDATION INC (EIN 31-1530694)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-11-15
IRS object ID: 201203219349100100
Schema version: 2011v1.2
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
General Explanation Attachment
Investments Corp Stock Schedule
Investments Govt Obligations Sch
Other Assets Schedule
Other Decreases Schedule
Other Income Schedule2
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-11-15T23:57:37-00:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RWP Tax and Accounting LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	789 Main Street Suite 2	AddressLine1
City	Great Barrington	City
State	MA	State
ZIP Code	01230	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	311530694	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	Sheldon H Lischin Foundation Inc	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	SHEL	NameControl
Phone	5183985666	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	174 Carroll Street Room No 1D	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11231	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Malissa Lischin	Name
Title	Secretary	Title
Date Signed	2012-11-15	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	R William Parrotte EA	Name
Phone	4136449949	Phone
Date Prepared	2012-11-15	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	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	115047	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	425	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	425	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	1316	DividendsRevAndExpnss
Dividends Net Invst Incm	1316	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	9287	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	69544	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	9287	CapitalGainNetIncmNetInvstIncm
Other Income Rev And Expnss	638	OtherIncomeRevAndExpnss
Other Income Net Invst Incm	638	OtherIncomeNetInvstIncm
Total Revenue And Expenses	11666	TotalRevenueAndExpenses
Total Net Investment Income	11666	TotalNetInvestmentIncome
Other Prof Fees Rev And Expnss	1993	OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm	1993	OtherProfFeesNetInvstIncm
Tot Opr Expenses Rev And Expnss	1993	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1993	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	5805	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	5805	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	7798	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1993	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	5805	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	3868	ExcessOfRevenueOverExpenses
Net Investment Income	9673	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	14034	CashBOY
Cash EOY	10657	CashEOY
Cash EOYFMV	10613	CashEOYFMV
Investments Govt Oblig BOY	9085	InvestmentsGovtObligBOY
Investments Govt Oblig EOY	9418	InvestmentsGovtObligEOY
Investments Govt Oblig EOYFMV	9451	InvestmentsGovtObligEOYFMV
Investments Corp Stock BOY	80508	InvestmentsCorpStockBOY
Investments Corp Stock EOY	71242	InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV	94897	InvestmentsCorpStockEOYFMV
Other Assets BOY	195	OtherAssetsBOY
Other Assets EOY	86	OtherAssetsEOY
Other Assets EOYFMV	86	OtherAssetsEOYFMV
Total Assets BOY	103822	TotalAssetsBOY
Total Assets EOY	91403	TotalAssetsEOY
Total Assets EOYFMV	115047	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Capital Stock BOY	210928	CapitalStockBOY
Capital Stock EOY	210928	CapitalStockEOY
Retained Earnings BOY	-107106	RetainedEarningsBOY
Retained Earnings EOY	-119525	RetainedEarningsEOY
Total Net Assets BOY	103822	TotalNetAssetsBOY
Total Net Assets EOY	91403	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	103822	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	91403	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	103822	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	3868	ExcessOfRevenueOverExpenses
Subtotal	107690	Subtotal
Other Decreases	16287	OtherDecreases
Total Net Assets Fund Balances EOY	91403	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (11 entries)

Description Of AssetDescriptionOfAsset	How AcquiredHowAcquired	Date AcquiredDateAcquired	Date SoldDateSold	Gross Sales PriceGrossSalesPrice	Cost Or Other BasisCostOrOtherBasis	Gain Or LossGainOrLoss	Gains Minus Excess Or LossesGainsMinusExcessOrLosses
100shs Allegheny Tech	P	2011-04-06	2011-06-13	6002	6663	-661	-661
200shs Coca Cola	P	2009-06-19	2011-01-13	5052	3508	1544	1544
300shs El Paso	P	2010-06-21	2011-10-17	7323	3881	3442	3442
200shs Goldcorp	P	2009-02-09	2011-01-13	8378	6368	2010	2010
1000shs Intl Coal Group	P	2010-11-04	2011-06-15	14600	6109	8491	8491
100shs Metlife Inc	P	2011-02-02	2011-07-20	4102	4631	-529	-529
100shs Netapp Inc	P	2011-01-13	2011-03-14	4650	5840	-1190	-1190
250shs Patriot Coal Corp	P	2011-07-20	2011-09-19	3131	6127	-2996	-2996
100shs Potash	P	2011-07-20	2011-12-29	4120	6065	-1945	-1945
100shs Rio Tinto	P	2010-09-24	2011-03-10	6396	5860	536	536
100shs Vanguard	P	2010-06-21	2011-02-02	5744	5205	539	539

Field	Value	IRS element (for citing)
Capital Gain Net Income	9287	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	2245	NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	1050	QualifyingDistributionsYear1
Noncharitable Assets Year1	113459	NoncharitableAssetsYear1
Distribution Ratio Year1	000.009254	DistributionRatioYear1
Qualifying Distributions Year2	600	QualifyingDistributionsYear2
Noncharitable Assets Year2	107390	NoncharitableAssetsYear2
Distribution Ratio Year2	000.005587	DistributionRatioYear2
Qualifying Distributions Year3	6728	QualifyingDistributionsYear3
Noncharitable Assets Year3	136353	NoncharitableAssetsYear3
Distribution Ratio Year3	000.049343	DistributionRatioYear3
Qualifying Distributions Year4	8811	QualifyingDistributionsYear4
Noncharitable Assets Year4	142110	NoncharitableAssetsYear4
Distribution Ratio Year4	000.062001	DistributionRatioYear4
Qualifying Distributions Year5	9988	QualifyingDistributionsYear5
Noncharitable Assets Year5	158281	NoncharitableAssetsYear5
Distribution Ratio Year5	000.063103	DistributionRatioYear5
Total Distribution Ratio	000.189288	TotalDistributionRatio
Average Distribution Ratio	000.037858	AverageDistributionRatio
Net Noncharitable Assets	136368	NetNoncharitableAssets
Adjusted Noncharitable Assets	5163	AdjustedNoncharitableAssets
One Percent Net Investment Income	97	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	5260	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	5805	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	97	InvestmentIncomeExciseTax
Subtotal	97	Subtotal
Tax Based On Investment Income	97	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	183	EstTaxPaymentsAndOverpayment
Total Credits And Payments	183	TotalCreditsAndPayments
Tax Paid Original Return	183	TaxPaidOriginalReturn
Overpayment	86	Overpayment
Amount Credited To Next Year	86	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
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
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Books In Care Of Person Name	Malissa Lischin	BooksInCareOfPersonName
Books In Care Of Phone Number	9174455711	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	174 Carroll Street Apt 1D	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11231	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
Undistributed Income Prior Year1	2010	UndistributedIncomePriorYear1
Business Holdings	false	BusinessHoldings
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
Maint Expend Responsibility	false	MaintExpendResponsibility
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
Gary Lischin
19 Hofstra Drive	Farmingville	NY	11738	Managing Director	001.00	0
Michael Lischin
189 Johnnycake Hollow Road	Pine Plains	NY	12567	Treasurer	001.00	0
Malissa Lischin
174 Carroll Street Apt 1D	Brooklyn	NY	11231	Secretary	001.00	0

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

Field	Value	IRS element (for citing)
Description1	N/A	Description1
Expenses1	0	Expenses1

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	129065	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	9380	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	138445	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	138445	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	2077	CashDeemedCharitable
Net Noncharitable Assets	136368	NetNoncharitableAssets
Minimum Investment Return	6818	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	6818	MinimumInvestmentReturn
Tax Based On Investment Income	97	TaxBasedOnInvestmentIncome
Total Tax	97	TotalTax
Distributable Amount Before Adj	6721	DistributableAmountBeforeAdj
Distributable Amount Before Ded	6721	DistributableAmountBeforeDed
Distributable Amount As Adjusted	6721	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	5805	ExpensesAndContributions
Qualifying Distributions	5805	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	97	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	5708	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	6721	DistributableAmountAsAdjusted
Undistributed Income Prior Year	5303	UndistributedIncomePriorYear
Qualifying Distributions	5805	QualifyingDistributions
Applied To Year1	5303	AppliedToYear1
Applied To Current Year	502	AppliedToCurrentYear
Undistributed Income CY	6219	UndistributedIncomeCY

Supplementary Information SupplementaryInformation

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

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
Network for Good
7920 Norfolk Avenue	Bethesda	MD	20814	Research	$105
Parkinson's Disease Foundation
1359 Broadway	New York	NY	10018	Research	$100
American Cancer Society
250 Williams Street NW	Atlanta	GA	30303	Research	$100
Fingerlakes Adoption Program
PO Box 25043	Farmington	NY	14425	Research	$5,500

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	5805	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$425	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$1,316	ExclusionAmount

Other Investment Income Part VII OtherInvestmentIncomePartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$638	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Exclusion Code	18	ExclusionCode
Exclusion	$9,287	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$11,666	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	11666	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

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (14 entries)

Name Of StockNameOfStock	EOY Book ValueEOYBookValue	EOYFMVEOYFMV
75 shares of BHP Billiton	5759	5297
50 shares of Chevron	4022	5320
300 shares of CSX	5175	6318
200 shares of EMC Corp	3552	4308
100 shares of Goldcorp Inc	5007	4425
100 shares of Qualcomm	5795	5470
200 shares of Sourcefire	5896	6476
100 shares of McDonalds	2886	10033
300 shares of Oracle	4758	7695
300 shares of Questar	4979	5958
200 shares of Rackspace	4828	8602
100 shares of Hansen	5306	9214
100 shares of Allergan Inc	6645	8774
100 shares of Monsanto	6634	7007

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

Field	Value	IRS element (for citing)
State Local Securities EOY Book Val	9418	StateLocalSecuritiesEOYBookVal
State Local Securities EOYFMV	9451	StateLocalSecuritiesEOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	Federal Tax Refund	Description
BOY Book Value	195	BOYBookValue
EOY Book Value	86	EOYBookValue
EOYFMV	86	EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

Field	Value	IRS element (for citing)
Description	OID Adjustment	Description
Amount	$16,287	Amount

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

Field	Value	IRS element (for citing)
Description	OID	Description
Revenue And Expenses Per Books	638	RevenueAndExpensesPerBooks
Net Investment Income	638	NetInvestmentIncome

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

Field	Value	IRS element (for citing)
Category	UBS Financial Services	Category
Amount	$1,993	Amount
Net Investment Income	1993	NetInvestmentIncome