990-PF Return of Private Foundation
Total Page：16
File Type：pdf, Size：1020Kb
I EXTENDED TO DECEMBER 15, 2016 Return of Private Foundation OMB No 1545-0052 Form 990-PF or Section 4947(axl) Trust Treated as Private Foundation Depertrnent or the rreasu y Do not enter social security numbers on this form as it may be made public. 2015 Internal Revenue Service 00, Information about Form 990-PF and its separate Instructions Is at Wt ny rrs. ov/fort en o u is ns ec ion For calendar year 2015 or tax year beginning MAY 12 , 201 5 and ending APR 016 Name of foundation Employer identification number THE MARI CHARI TABLE FOUNDATION INC 47-4010200 Number and street (a P 0 box number if mail is not delivered to street address) RooMswte B Telephone number 1869 E 23RD STREET (917) 776-5555 City or town, state or province, country, and ZIP or foreign postal code C If exemption application is pending , check here ► BROOKLYN, NY 11229 G Check all that apply. XD Initial return initial return of a former public charity D 1. Foreign organizations, check here Final return Amended return 2. Foreign organizations meeting the 85% test, Address chan ge Name chan ge check here and attach computation H Check type of organization: [X Section 501(c)(3) exempt private foundation E If private foundation status was terminated Section 4947(a)( 1 ) nonexem pt charitable trust Other taxable private foundation under section 507(b)(1)(A), check here I Fair market value of all assets at end of year J Accounting method: MX Cash 0 Accrual F If the foundation is in a 60-month termination (from Part II, col. (c), line 16) = Other (specify) under section 507(b)(1)(B), check here 11114 1, 6 8 4 . art 1, column (d) must be on cash basis Analysis of Revenue and Expenses Part It (a) Revenue and (b ) Net investment (c) Adjusted net (d Disbursements (The total of amounts in columns (b), (c), and (d) may not ror citable purposes p necessarily equal the amounts in column (a)) exp enses er books income income (cash basis only) 1 Contributions, gifts, grants, etc., received ,0 28 . 11 , ms`s § 2 Check it the foundation is not required to attach Sch e 11 A Interest on savings and temporary 3 cash investments 11 4 Dividends and interest from securities 5a Gross rents b Net rental income or '€R 6a Net gain or (loss) from sale of eR 0 1 v ; ° •< g , ga$ ' Grose sales ice for II $ t^ C b assets on line6a 'A) %h aka a Capital gain net moo Part 7 N Pe v^ o. 8 Netshort-term capl irIJ t N ,Ii ` 41^ - 9 Income modlflcatln r' ff ^a i; 1A N Cross sales less return m - iQa and allowances COD r A $A b Less Cost of goods so k° "r c Gross profit or (loss) • i. ll 11 Other income 12 Total . Add lines 1 throw h 11 288 , 028. 0. 0. ". 13 Compensation of officers , directors, trustees , etc 0. 0. 0. 0. 14 Other employee salaries and wages 15 Pension plans, employee benefits 16a Legal fees fl b Accounting fees STMT 1 2,350. 0. 0. 2,350 .' W c Other professional fees 17 Interest 18 Taxes 19 Depreciation and depletion ( ILL'" 'a 20 Occupancy 21 Travel, conferences, and meetings c 22 Printing and publications 50. 0. 0. 50. 1 23 Other expenses STMT 2 904. 0. 0. 904. 24 Total operating and administrative expenses . Add lines 13 through 23 3,304. 0. 0. 3, 304. 25 Contributions, gifts, grants paid 283 , 040. 283 , 040. 26 Total expenses and disbursements. Add lines 24 and 25 286 344. 0. 0. 286 344. 27 Subtract line 26 from line 12: > a Excess of revenue over expenses and disbursements R l 1 ,684. ' b Net investment income (if negative, enter -a) ' 0 c Adjusted net income (if negative , enter -0-) 0 11-2,-15 LHA For Paperwork Reduction Act Notice , see instructions. Form 990-PF (2015) Form 990-PF 2015 THE MARI CHARITABLE FOUNDATION INC 47-4010200 Pa e 2 Balance Sheets Attached schedulesand amounts in the description Beginning of year End of year pa 11"' column should before nd-of-year amounts only (a ) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-interest-bearing 1,684. 1,684. 2 Savings and temporary cash investments 3 Accounts receivable ► -1 ' Less: allowance for doubtful accounts ► 4 Pledges receivable 10, i ., _ _x_ _ -.t_ _ `_. _. i J1 Less: allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons Other notes and loans 7 receivable ► ^, ; ^ti kV a ,' .,; _ ^, s ^_^ Wig. - _, x1 Less: allowance for doubtful accounts ► { 8 Inventories for sale or use 9 Prepaid expenses and deferred charges a 10a Investments - U.S. and state government obligations b Investments - corporate stock c Investments - corporate bonds 11 Investments - land, buildings, and equipment basis ► t 'A, q i _* e 9 _A- _ 1_ _< _ --.IL. Less accumulated depreciation ► 12 Investments - mortgage loans 13 Investments - other 14 Land, buildings, and equipment basis ► 1 % Ak 'A, 1 1; `- Less accumulated depreciation ► 15 Other assets (describe ► ) 16 Total assets (to be completed by all filers - see the instructions. Also, see page 1 item I 0. 1 , 684. 1 , 684. 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue ±? 20 Loans from officers, directors, trustees , and other disqualifieded persons M , g 21 Mortgages and other notes payable '; -J 22 Other liabilities (describe ► ' 6k 23 Total liabilities (add lines 17 throw h 22) 0. 0. I Foundations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. a 24 Unrestricted 25 Temporarily restricted s < 26 Permanently restricted Foundations that do not follow SFAS 117, check here ► OX " ` ,I , LL and complete lines 27 through 31. ° 27 Capital stock, trust principal, or current funds 0. 0. 4 , e 28 Paid-in or capital surplus, or land, bldg., and equipment fund 0. 0. s w 29 Retained earnings, accumulated income, endowment, or other funds 0. 1,684- d 30 Total net assets or fund balances 0. 1 , 6 8 4 . e 31 Total liabilities and net assetstfund balances 0. 1 , 684. Part 111 Analysis of Changes in Net Assets or Fund Balances 1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year's return) 1 0 . 2 Enter amount from Part I, line 27a 2 1 , 684 . 3 Other increases not included in line 2 (itemize) ► 3 0 . 4 Add lines 1, 2, and 3 4 1 , 684. 5 Decreases not included in line 2 (itemize) ► 5 0 . 6 Total net assets or fund balances at end of year (line 4 minus line 51- Part 11. column N. line 30 6 1.684. Form 990-PP (2015) 523511 11-24-15 Form 990-PF(h15) THE MARI CHARITABLE FOUNDATION INC 47-4010200 Page3 Part IV Capital Gains and Losses for Tax on Investment Income List and describe the kind(s) of property sold (e.g., real estate, (b How acquired (c) Date acquired (d) Date sold (a) Purchase 2-story brick warehouse; or common stock, 200 shs. MLC Co. D Donation (mo., day, yr.) (mo., day, yr.) la b NONE C d e (e) Gross sales price (f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (or allowable) plus expense of sale (e) plus (f) minus (g) a b c d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (I) Gains (Col. (h) gain minus (j) Adjusted basis (k) Excess of col. (Q col. (k), but not less than -0-) or Losses (from col. (h)) (i) F.M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any a b c d e If gain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- in Part I, line 7 2 3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6): If gain, also enter in Part I, line 8, column (c). If loss enter -0- in Part I line 8 3 part y, i qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) N/A If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base periods Yes = No If 'yes,' the foundation does not qualify under section 4940(e). Do not complete this part. 1 Enter the appropriate amount in each column for each year; see the instructions before making any entries. a Base per iiod years (c) Distribution ratio Calendar year (or tax year beginning m Adjusted qualifying( distributions Net value of noncharitable-use assets (col. (b) divided by col. (c)) 2014 2013 2012 2011 2010 2 Total of line 1, column (d) 2 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years 3 4 Enter the net value of nonchantable-use assets for 2015 from Part X, line 5 4 5 Multiply line 4 by line 3 5 - 6 Enter 1% of net investment income (1% of Part I, line 27b) 6 7 Add lines 5 and 6 7 8 Enter qualifying distributions from Part XII, line 4 8 If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate.