Form 990-PF ,, Return of Private Foundation
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OMB No 1545-0052 Form 990-PF ,, Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust Department of the Treasury Treated as a Private Foundation Intern al Revenue Serv ice Note: The organization may be able to use a copy of this return to satisfy state reporting rel 2004 For calendar year 2004 , or tax year beginning AUG 1, 2004 , and ending JUL 31 5 G Check all that apply 0 Initial return E:1 Final return Amended return Name of organization Use the IRS A Employer identification number label. Otherwise , HE FISHOFF FAMILY FOUNDATION 13-3076576 print Number and street (or P O box number if mail is not delivered to street add re ss) Room/suite B Telephone number ortype . 300 2C ROUTE 17 SOUTH 973-458-8070 See Specific City or town, state, and ZIP code C If exemption application Is pending , check here ► U Instructions OD I NJ 0 7 6 4 4 D 1. Foreign organizations, check here ► 2. Foreign organizations meeting the 85% test, ► H Check type of organization OX Section 501 (c)(3) exempt private foundation check here and attach computation Q Section 4947(a)(1) nonexempt charitable trust fl Other taxable private foundation E If private foundation status was terminated I Fair market value of all assets at end of year J Accounting method 0 Cash �X Accrual under section 507(b)(1)(A), check here ► 0 (from Part ll, col (c), line 16) 0 Other (specify) F If the foundation is in a 60-month terminat ion ► $ 7,183,307 . (Part 1, column (0 must be on cash basis.) under section 507(b)(1)(B), check here ► Analysis of Revenue and Expenses pad 1 (c) Adjusted net (d) Disbursements (The total of amounts in columns (b), (c), and (d) may not (a) Revenue and (b) Net investment for chantable purposes necessanly equal the amounts in column (a)) expenses per books income income (cash basis onlvl 1 Contributions, gifts, grants, etc , received 129,200 . 2 Check ► FRI If the foundation Is not required to attach Sch B Intent on savings and temporary 3 cash investments 175j i 3 29 . 175 r 3 29. 4 Dividends and interest from securities 722 . 722. STATEMENT 2 5a Gross rents <309, 199. <309, 199 . STATEMENT 3 b Net rental income or (loss) < 3 0 9 , 19 9 • > Net gain or (loss) from sale of assets not on 6a line 10 <53,102. 7 Gross sales pnce for all A C b assets on line 6a 7 Capital gain net income (from Part IV, line 2) 0. 8 Net short-term capital gain 9 Income modifications Gross sales less returns an. 10a and allowances b Less Cost of goods sold c Gross profit or (loss) 11 Other income 188,714. 188,714. O. STATEMENT 4 12 Total. Add lines 1 throw h 11 131,664. 55,566. 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 a b Accounting fees STMT 5 9,304. 9,304. 0• 0. W c Other professional fees STMT 6 3, 6 6 4. 3, 6 6 4. 0• 0. 17 Interest 17,858. 17,858 • 0. 0. 2 18 Taxes STMT 7 250. 250. 0. 0. 19 Depreciation and depletion 20 Occupancy < 21 Travel, conferences, and meetings 22 Punting and publications 23 Other expenses STMT 8 466. 466. 0. 0. 24 Total operating and administrative a expenses . Add lines 13 through 23 31,542. 31,542. 0. 0. 0 25 Contributions, gifts, grants paid 761,233. 761 233. 26 Total expenses and disbursements. Add lines 24 and 25 792,775. 31,542. 0. 761 233. 27 Subtract line 26 from line 12 a Excess of revenue over expenses and disbu rsements <661,111. b Net investment Income (if negative, enter -0-) 24,024. c Adjusted net income (it negative, enter -0-) 0. LHA For Privacy Act and Paperwork Reduction Act Notice, see the Instructions. Form 990-PF (2004) 423501 01-03-05 1 15570608 807829 FFF 2004.08000 THE FISHOFF FAMILY FOUNDATI FFF 3 Form990-PF (2004) THE FISHOFF FAMILY FOUNDATION 13-3076576 Paae2 Attached schedules and amounts in the description Beginning of year End of year Balance Sheets column should beforend•ot-Waramounts only (a) Book Value (b) Book Value (c) Fair Market Value 1 Cash - non-Interest-bearing 2 Savings and temporary cash investments 366,259. 92,622. 92,622. 3 Accounts receivable ► Less allowance for doubtful accounts ► 4 Pledges receivable ► Less allowance for doubtful accounts ► 5 Grants receivable 6 Receivables due from officers, directors, trustees, and other disqualified persons 7 Other notes and loans receivable ► Less allowance for doubtful accounts ► 8 Inventories for sale or use 9 Prepaid expenses and deferred charges 10a Investments - U S and state government obligations b Investments - corporate stock STMT 10 644,153. 563,924. 563,294. c Investments - corporate bonds 11 Invesbients - land, buildings, and equipment basis ► Less accumulated depredation ► 12 Investments - mortgage loans 13 Investments - other 14 Land, buildings, and equipment basis ► 6,502,691.. Lem aa„muw ted dep rembon ► 6,807,066. 6,502,691. 6,502,691. 15 Other assets (describe ► PREPAID TAXES ) 24,695. 24,700. 24,700. 16 Total assets to be completed by all filers 7,842,173. 7,18-3,937. 7,183,307. 17 Accounts payable and accrued expenses 18 Grants payable 19 Deferred revenue 20 Loans from officers, directors, trustees , and other disqualified persons 21 Mortgages and other notes payable J 22 Other liabilities (describe ► 23 Total liabilities (add lines 17 through 22) 0. 0. Organizations that follow SFAS 117, check here ► 0 and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted co 25 Temporarily restricted CO 26 Permanently restricted Organizations that do not follow SFAS 117, check here D OX LL and complete lines 27 through 31. 0 27 Capital stock, trust principal, or current funds 8,055,128. 8,055,128 . y 28 Paid-in or capital surplus, or land, bldg , and equipment fund 0. 0 . < 29 Retained earnings, accumulated income, endowment, or other funds <212r955. <871,191 . 30 Total net assets or fund balances 7,842,173. 7 18 3 9 3 7. 31 Total liabilities and net assets and balances 7 842,173. 7 183,937 . pa .j 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) 7,842,1 73. 2 Enter amount from Part I, line 27a <661,111. > 3 Other increases not included in line 2 (itemize) ► SEE STATEMENT 9 2,875. 4 Add lines 1, 2, and 3 7,183,937. 5 Decreases not included in line 2 (itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 7,183,937. Form 990-PF (2004) 423511 01-03-05 2 15570608 807829 FFF 2004.08000 THE FISHOFF FAMILY FOUNDATI FFF 3 I >> Form 990-PF (2004) THE FISHOFF FAMILY FOUNDATION 13-3076576 Page 3 Part IV Canital (mains and Lncsec for Tax on Investment Income (a) List and describe the kind (s) of property sold (e g , real estate , ( b How acquired (c Date acquired (d) Date sold Purchase (mo yr) (mo ,day, yr ) 2-story brick warehouse , or common stock , 200 shs MLC Co ) D - Donation , day , la CAPITAL LOSSES FROM INVESTMENTS b c d e f) Depreciation allowed (g) Cost or other basis (h) Gain or (loss) (e) Gross sales price ( (or allowable ) plus expense of sale (e) plus (f) minus (g) a 53,102. <53,102. 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 or (() Adjusted basis (k) Excess of col (i) col (k), but not less than -0-) (i) F M V as of 12/31/69 as of 12/31/69 over col (j), if any Losses (from col (h)) a <53,102. b c d e r If ain, also enter in Part 1 , line 7 1 <53 2 Capital gain net income or (net capital loss ) l If ?loss) , enter -0- in Part I , line 7 J 2 r 102. 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 N/A I Part V 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 ) If section 4940(d)(2) applies, leave this part blank Was the organization liable for the section 4942 tax on the distributable amount of any year in the base period? 0 Yes 0 No If'Yes'the organization does not quality under section 4940 (e) Do not complete this part 1 Enter the aoorooriate amount in each column for each year . see instructions before making any entries (a) (b) (c) d) Base period years Di) co Calendar year (or tax year be innin in Adjusted qualifying dist ri butions Net value of nonchantable-use assets (co! (b) divided by col (c)) 2003 503,253. 7,835, 467. .0642276 2002 485,754. 8,227 762. .0590384 2001 389,819.