Form990-PF
Click to see list of attachments

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
AUDREY LOVE CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)200 OLD COUNTRY RD SUITE 364
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MINEOLA, NY11501
A Employer identification number

22-2766994
B Telephone number (see instructions)

(516) 248-0650
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$45,783,436J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 197,906 197,906 197,906
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -169,201
b Gross sales price for all assets on line 6a 4,563,935
7 Capital gain net income (from Part IV, line 2)...  
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 28,705 197,906 197,906
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 207,071     207,071
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 44,680     44,680
b Accounting fees (attach schedule)....... Click to see attachment 27,128     27,128
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,364     37,364
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 402,694 367,234 367,234 402,694
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 718,937 367,234 367,234 718,937
25 Contributions, gifts, grants paid....... 1,357,500 1,357,500
26 Total expenses and disbursements. Add lines 24 and 25 2,076,437 367,234 367,234 2,076,437
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,047,732
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 41,090,762 45,765,688 45,765,688
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 23,567 17,748 17,748
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,114,329 45,783,436 45,783,436
Liabilities 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 (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 41,114,329 45,783,436
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 41,114,329 45,783,436
30 Total liabilities and net assets/fund balances (see instructions). 41,114,329 45,783,436
Part III
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
41,114,329
2
Enter amount from Part I, line 27a .....................
2
-2,047,732
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,717,312
4
Add lines 1, 2, and 3 ..........................
4
45,783,909
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
473
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
45,783,436
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a RACHLIN-SHORT TERM CG PER K-1'S P 2020-01-01 2020-12-31
b RACHLIN GROUP - ST P 2020-01-01 2020-12-31
c RACHLIN GROUP - LT P 2001-01-01 2020-12-31
d ML INV A/C #XXX03- ST P 2020-01-01 2020-12-31
e ML INV A/C #XXX03- LT P 2001-01-01 2020-12-31
ACCRUED MARKET DISCOUNT P 2001-01-01 2020-12-31
MORGAN STANLEY - ST P 2020-01-01 2020-12-31
MORGAN STANLEY - LT P 2001-01-01 2020-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 632     632
b 366,149   365,956 193
c 366,099   365,919 180
d 33,607   34,757 -1,150
e 1,475,362   1,487,046 -11,684
    2,961 -2,961
593,112   865,119 -272,007
1,728,974   1,611,378 117,596
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       632
b       193
c       180
d       -1,150
e       -11,684
      -2,961
      -272,007
      117,596
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -169,201
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) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -272,332
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 0
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5  
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 40,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 40,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 40,000
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet40,000 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletERIC KUTNER Telephone no.bullet (516) 248-0650

    Located atbullet200 OLD COUNTRY RD SUITE 364MINEOLANY ZIP+4bullet11501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    R KEITH MCCALL Director
    0.00     		2,000    
    9864 PARKWAY ROAD
    BALSAM GROVE,NC28708
    ERIC M KUTNER President
    30.00     		73,582    
    200 OLD COUNTRY RD STE 364
    MINEOLA,NY11501
    GEORGE R BENTON III Director
    0.00     		2,000    
    116 RIDGEWOOD PLACE
    BREVARD,NC28712
    GERARD B BAJEK Secretary
    30.00     		97,947    
    PO BOX 1017
    PISGAH FOREST,NC28768
    RICKY GOLD Director
    0.00     		2,000    
    52 YUKON DRIVE
    WOODBURY,NY11797
    JEFFREY S TANEN Director
    0.00     		2,000    
    22 BROCKMEYER DRIVE
    MASSAPEQUA,NY11758
    PAUL W DOLL JR President
    40.00     		27,541    
    PO BOX 147
    LAKE TOXAWAY,NC28747
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    MINTZ & GOLD LLP LEGAL 32,000
    600 THIRD AVENUE 25TH FLOOR
    NEW YORK,NY10016
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    42,436,866
    b
    Average of monthly cash balances.......................
    1b
    991,358
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    43,428,224
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    43,428,224
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    651,423
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    42,776,801
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,138,840
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,138,840
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,138,840
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,138,840
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,138,840
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,076,437
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,076,437
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,076,437
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,138,840
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 181,186
    b From 2016...... 224,905
    c From 2017...... 139,491
    d From 2018...... 285,033
    e From 2019......  
    fTotal of lines 3a through e........ 830,615
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,076,437
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,076,437
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 62,403 62,403
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 768,212
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		118,783
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		649,429
    10 Analysis of line 9:
    a Excess from 2016.... 224,905
    b Excess from 2017.... 139,491
    c Excess from 2018.... 285,033
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    METROPOLITAN OPERA FUND
    LINCOLN CENTER
    NEW YORK,NY10023     		    CHARITY 50,000
    CANCER RESEARCH TREATMENT FUND
    74 EAST 79TH ST SUITE 5B
    NEW YORK,NY10021     		    CHARITY 20,000
    CARNEGIE HALL SOCIETY INC
    881 SEVENTH AVENUE
    NEW YORK,NY10019     		    CHARITY 100,000
    GEORGIA MUSEUM OF ART
    90 CARLTON ST
    ATHENS,GA30602     		    CHARITY 5,000
    NEW YORK PHILHARMONIC
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		    CHARITY 65,000
    NEWBERRY OPERA HOUSE FND
    1201 MCKIBBEN STREET
    NEWBERRY,SC29108     		    CHARITY 20,000
    LAST CHANCE FOR ANIMALS
    8033 SUNSET BLVD 835
    LOS ANGELES,CA90046     		    CHARITY 4,000
    MARK J FRIEDMAN FOUNDATION INC
    980 OLD COUNTRY RD
    PLAINVIEW,NY11803     		    CHARITY 20,000
    FOOTHILLS GOLDEN RETRIEVER RESC
    PO BOX 9077
    GREENVILLE,SC29602     		    CHARITY 5,000
    FRIENDS OF NEW BOLTON CENTER FUND
    382 WEST ST RD
    KENNETT SQUARE,PA19348     		    CHARITY 2,000
    RETURN TO FREEDOM AM WILD HORSE
    PO BOX 926
    LOMPOC,CA93438     		    CHARITY 10,000
    THE CHILDRENS CENTER OF TRANSYLVANI
    95 SOUTH JOHNSON STREET
    BREVARD,NC28712     		    CHARITY 4,000
    CAREER TRANSITION FOR DANCERS
    165 West 46th St
    New York,NY10036     		    CHARITY 4,000
    COUNCIL ON AGING FOR HENDERSON COUN
    105 KING CREEK BLVD
    HENDERSONVILLE,NC28792     		    CHARITY 6,000
    SKYDANCER INC
    116 RIDGEWOOD PLACE
    BREVARD,NC28712     		    CHARITY 150,000
    PAPER MILL PLAYHOUSE
    22 BROOKSIDE DRIVE
    MILLBURN,NJ07041     		    CHARITY 2,000
    DOLPHIN RESEARCH CENTER
    58901 OVERSEAS HIGHWAY
    GRASSY KEY,FL33050     		    CHARITY 8,000
    ANIMAL MEDICAL CENTER
    510 E 62ND ST
    NEW YORK,NY10065     		    CHARITY 40,000
    HENDERSONVILLE RESCUE MISSION
    639 MAPLE ST
    HENDERSONVILLE,NC28792     		    CHARITY 5,000
    MEALS ON WHEELS OF BREVARD
    431 E MAIN ST
    BREVARD,NC28712     		    CHARITY 10,000
    THE SALVATION ARMY
    PO BOX 31128
    CHARLOTTE,NC28231     		    CHARITY 10,000
    WLRN
    172 NE 15TH ST
    MIAMI,FL33132     		    CHARITY 25,000
    AMFAR THE FDN FOR AIDS RESEARCH
    1150 17TH ST NW 406
    WASHINGTON DC,DC20036     		    CHARITY 2,000
    GENTLE GIANTS DRAFT HORSE RESCUE
    925 LADY ANNE COURT
    MOUNT AIRY,MD21771     		    CHARITY 15,000
    MEMORIAL SLOAN KETTERING CENTER CEN
    1275 YORK AVENUE
    NEW YORK,NY10065     		    CHARITY 4,000
    STANDARDBRED RETIREMENT FOUNDATION
    353 SWEETMANS LANE 101
    MILLSTONE TWP,NJ08535     		    CHARITY 10,000
    CATMAN2 INC
    PO BOX 2344
    CULLOWHEE,NC28723     		    CHARITY 5,000
    CENTER FOR GREAT APES
    PO BOX 488
    WAUCHULA,FL33873     		    CHARITY 8,000
    DOCTORS WITHOUT BORDERS
    333 7TH AVE 2ND FLOOR
    NEW YORK,NY10001     		    CHARITY 10,000
    NATIONAL MULTIPLE SCLEROSIS SOCIETY
    PO BOX 4527
    NEW YORK,NY10163     		    CHARITY 2,000
    TRANSYLVANIA COMMUNITY ARTS COUNCIL
    PO BOX 1229
    BREVARD,NC28712     		    CHARITY 5,000
    TRANSLYVANIA VOCATIONAL SERVICES
    PO BOX 1115
    BREVARD,NC28712     		    CHARITY 38,000
    THE BREAD OF LIFE
    238 S CALDWELL ST
    BREVARD,NC28712     		    CHARITY 5,000
    PELICAN HARBOR SEABIRD STATION
    1279 NE 79TH ST CAUSEWAY
    MIAMI,FL33138     		    CHARITY 5,000
    ASHEVILLE HUMANE SOCIETY
    14 FOREVER FRIEND LANE
    ASHEVILLE,NC28806     		    CHARITY 84,000
    HEART INC
    10800 OLD COUNTRY RD 15 100
    PLYMOUTH,MN55441     		    CHARITY 10,000
    SOUTH FLORIDA SPCA
    15476 NW 77 COURT 440
    MIAMI LAKES,FL33016     		    CHARITY 5,000
    SPEAK UP FOR HORSES
    PO BOX 434
    FALMOUTH,KY41040     		    CHARITY 10,000
    THE HAVEN OF TRANSYLVANIA COUNTY
    PO BOX 25
    BREVARD,NC28712     		    CHARITY 12,000
    THOROUGHBRED RETIREMENT FOUNDATION
    PO BOX 834
    SARATOGA SPRINGS,NY12866     		    CHARITY 10,000
    ANIMALS ANGELS USA
    PO BOX 1056
    WESTMINSTER,MD21158     		    CHARITY 5,000
    FULL MOON FARM INC
    PO BOX 1374
    BLACK MOUNTAIN,NC28711     		    CHARITY 20,000
    GULFSTREAM GDN ANGELS ROTTWEILER RE
    18468 NW 24TH STREET
    PEMBROKE PINES,FL33029     		    CHARITY 20,000
    LINCOLN CENTER
    10 LINCOLN CENTER PLAZA
    NEW YORK,NY10023     		    CHARITY 60,000
    KENSINGTON KITTIES INC
    884 FLUSHING AVE 3L
    BROOKLYN,NY11206     		    CHARITY 5,000
    LIFESAVERS WILD HORSE RESCUE
    35700 SAND CANYON ROAD
    CALIENTE,CA93518     		    CHARITY 20,000
    ALL ABOUT SPAY NEUTER
    4209 MERRICK ROAD
    MASSAPEQUA,NY11758     		    CHARITY 10,000
    BROTHER WOLF ANIMAL RESCUE
    31 GLENDALE AVENUE
    ASHEVILLE,NC28803     		    CHARITY 25,000
    CHARLIE'S ANGELS
    5526 HENDERSONVILLE ROAD
    FLETCHER,NC28732     		    CHARITY 12,000
    HENDERSONVILLE SYMPHONY
    PO BOX 1811
    HENDERSONVILLE,NC28793     		    CHARITY 12,000
    SAFE
    PO BOX 2013
    BREVARD,NC28712     		    CHARITY 6,000
    SHARING HOUSE
    PO BOX 958
    BREVARD,NC28712     		    CHARITY 6,000
    TRANSYLVANIA HABITAT FOR HUMANITY
    692 ECUSTA ROAD
    BREVARD,NC28712     		    CHARITY 5,000
    TRANSYLVANIA ANIMAL ALLIANCE GROUP
    PO BOX 844
    BREVARD,NC28712     		    CHARITY 5,000
    MILLER SCHOOL OF MEDICINE
    PO BOX 016960 R 100
    MIAMI,FL33101     		    CHARITY 25,000
    BIG DOG RANCH RESCUE INC
    935 TOWNHALL AVE STE 1
    JUPITER,FL33458     		    CHARITY 10,000
    BOXER BUTTS AND OTHER MUTTS INC
    108 SCHERMERHORN LANE
    ARDEN,NC28704     		    CHARITY 5,000
    BREVARD BALLET SCHOOL
    242 SOUTH BROAD STREET
    BREVARD,NC28712     		    CHARITY 5,000
    EQUINE ADVOCATES
    PO BOX 354
    CHATHAM,NY12037     		    CHARITY 10,000
    FLAT ROCK PLAYHOUSE
    2661 GREENVILLE HIGHWAY
    FLAT ROCK,NC28731     		    CHARITY 12,000
    INDEPENDENT ANIMAL RESCUE
    PO BOX 14232
    DURHAM,NC27709     		    CHARITY 3,000
    RED LAKE ROSIES RESCUE
    23880 S GOOD RD
    TRAIL,MN56684     		    CHARITY 8,000
    SOUTH FLORIDA WILDLIFE CENTER INC
    3200 SOUTHWEST 4TH AVENUE
    FORT LAUDERDALE,FL33315     		    CHARITY 5,000
    SWEET RELIEF MUSICIANS FUND
    2601 E CHAPMAN AVE STE 204
    FULLERTON,CA92831     		    CHARITY 5,000
    THE VIZCAYANS MUSEUM GARDENS
    3251 S MIAMI AVE
    MIAMI,FL33129     		    CHARITY 10,000
    ALZHEIMER'S DISEASE RESEARCH
    22512 GATEWAY CENTER DRIVE
    CLARKSBURG,MD20871     		    CHARITY 2,000
    CITY MEALS ON WHEELS
    355 LEXINGTON AVENUE
    NEW YORK,NY10017     		    CHARITY 25,000
    SARF
    PO BOX 854
    WAYNESVILLE,NC28786     		    CHARITY 5,000
    COPS FOR KIDS TRANSYLVANIA COUNTY
    153 PUBLIC SAFETY WAY
    BREVARD,NC28712     		    CHARITY 10,000
    COUNCIL ON AGING IN BUNCOMBE COUNTY
    46 SHEFFIELD CIRCLE
    ASHEVILLE,NC28803     		    CHARITY 6,000
    BREVARD PHILHARMONIC
    PO BOX 1547
    BREVARD,NC28712     		    CHARITY 12,000
    NATIONAL HUMANE EDUCATION SOCIETY
    PO BOX 340
    CHARLESTOWN,WV25414     		    CHARITY 3,000
    PILOTS PAWS
    4651 HOWE ROAD
    LANDRUM,SC29356     		    CHARITY 7,000
    BREVARD BAND ASSOCIATION
    609 N CONUTRY CLUB ROAD
    BREVARD,NC28712     		    CHARITY 8,000
    CHOPIN FOUNDATION COUNCIL OF SO FLO
    1440 79TH ST CAUAWAY 117
    MIAMI,FL33141     		    CHARITY 2,000
    FINE ARTS DEPT BREVARD COLLEGE
    ONE BREVARD COLLEGE DRIVE
    BREVARD,NC28712     		    CHARITY 5,000
    PAW WARRIORS INC
    355 SPRING TIME STREET
    SPRING HILL,FL34608     		    CHARITY 5,000
    PAWS INC
    191 W MAIN ST A
    N BREVARD,NC28712     		    CHARITY 4,000
    POSITIVE BEHAVIOR SUPPORT CO
    PO BOX 263
    GREENLAWN,NY11740     		    CHARITY 5,000
    RUSTY'S LEGACY
    139 LYTLE MOUNTAIN ROAD
    MARION,NC28752     		    CHARITY 15,000
    THE CLOUD FOUNDATION
    107 S 7TH ST
    COLORADO SPRINGS,CO80905     		    CHARITY 50,000
    CTREE
    PO BOX 1148
    BRIDGEHAMPTON,NY11932     		    CHARITY 10,000
    MEALS ON WHEELS ASHEVILLE BUNCOMB
    146 VICTORIA RD
    ASHEVILLE,NC28801     		    CHARITY 12,000
    PETS FOR THE ELDERLY FDN
    530 E HUNT HWY
    SAN TAN VALLEY,AZ85143     		    CHARITY 5,000
    BLUE RIDGE HUMANE SOCIETY
    88 CENTIPEDE LANE
    HENDERSONVILLE,NC28792     		    CHARITY 5,000
    ANGEL FLIGHT SOARS
    2000 AIRPORT ROAD SUITE 227
    ATLANTA,GA30341     		    CHARITY 10,000
    ANIMAL RESCUE FUND OF THE HAMPTONS
    90 DANIELS HOLD ROAD BOX 901
    WAINSCOTT,NY11975     		    CHARITY 3,000
    HENDERSON COUNTY RESCUE SQUAD
    2529 ASHEVILLE HWY
    HENDERSONVILLE,NC28791     		    CHARITY 1,000
    SAG HARBOR COMMUNITY FOOD PANTRY IN
    PO BOX 1241
    SAG HARBOR,NY11963     		    CHARITY 5,000
    SEA GATE LAW ENFORCEMENT FOUNDATION
    PO BOX 174
    OLD BRIDGE,NJ08857     		    CHARITY 3,500
    WPBT
    PO BOX 610002
    MIAMI,FL33761     		    CHARITY 25,000
    Total .................................bullet 3a 1,357,500
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....         197,906
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        -169,201
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..     28,705
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    28,705
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    AUDREY LOVE CHARITABLE FOUNDATION
    EIN:
    22-2766994
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 5,720 0 0 5,720
    AUDITING FEES 12,000 0 0 12,000
    TAX PREPARATION FEES 9,408 0 0 9,408

    TY 2020 LegalFeesSchedule
    Name:
    AUDREY LOVE CHARITABLE FOUNDATION
    EIN:
    22-2766994
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 44,680 0 0 44,680


    TY 2020 OtherDecreasesSchedule
    Name:
    AUDREY LOVE CHARITABLE FOUNDATION
    EIN:
    22-2766994
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    NON-DEDUCTIBLE EXPENSES (RACHLIN) 473


    TY 2020 OtherExpensesSchedule
    Name:
    AUDREY LOVE CHARITABLE FOUNDATION
    EIN:
    22-2766994
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 333     333
    DUES & SUBSCRIPTIONS 25     25
    FOREIGN WITHHOLDING TAX 7,696 7,696 7,696 7,696
    INSURANCE 22,215     22,215
    INVESTMENT INTEREST EXPENSE 985 985 985 985
    INVESTMENT MGMT & CUSTODIAL FEES 358,553 358,553 358,553 358,553
    OFFICE EXPENSES 2,663     2,663
    OUTSIDE SERVICES 9,390     9,390
    TELEPHONE 834     834


    TY 2020 TaxesSchedule
    Name:
    AUDREY LOVE CHARITABLE FOUNDATION
    EIN:
    22-2766994
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 15,229     15,229
    SECTION 4940 FEDERAL EXCISE TAX 22,135     22,135