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YIELDSTREET FOUNDATION CORP: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
YIELDSTREET FOUNDATION CORP (EIN 83-1006415)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-10
IRS object ID
202431319349102533
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-10T17:31:42-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WithumSmithBrown PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 Jefferson Park Suite 400AddressLine1Txt
CityWhippanyCityNm
State AbbreviationNJStateAbbreviationCd
ZIP079811070ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN831006415EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1YIELDSTREET FOUNDATION CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% THE ORGANIZATIONInCareOfNm
Business Name ControlYIELBusinessNameControlTxt
Phone8449435378PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 PARK AVENUE 15TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTimothy SchottPersonNm
Person TitleCFOPersonTitleTxt
Phone8449435378PhoneNum
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstTimothyPersonFirstNm
Person LastSchottPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISRAEL Tannenbaum CPAPreparerPersonNm
PTINP01589203PTIN
Phone9738989494PhoneNum

Additional Filer Information AdditionalFilerInformation

FieldValueIRS element (for citing)
Trusted CustomerTrustedCustomerGrp
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$176,545FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$154,592ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$154,592TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$364,459ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$364,459ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$364,459TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$364,459TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$209,867ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$386,412CashBOYAmt
Cash EOY$176,545CashEOYAmt
Cash EOYFMV$176,545CashEOYFMVAmt
Total Assets BOY$386,412TotalAssetsBOYAmt
Total Assets EOY$176,545TotalAssetsEOYAmt
Total Assets EOYFMV$176,545TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$386,412NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$176,545NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$386,412TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$176,545TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$386,412TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$176,545TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$386,412TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$209,867ExcessRevenueOverExpensesAmt
Subtotal$176,545SubtotalAmt
Tot Net Ast Or Fund Balances EOY$176,545TotNetAstOrFundBalancesEOYAmt
FieldValueIRS element (for citing)
Cap Gains Loss Tx Invst Incm DetailCapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Subtotal$0SubtotalAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8449435378PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1300 PARK AVENUE 15TH FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MILIND MEHERE
300 PARK AVENUE 15TH FLOORNEW YORKNY10022DIRECTOR2.0$0$0$0
MICHAEL WEISZ
300 PARK AVENUE 15TH FLOORNEW YORKNY10022DIRECTOR1.0$0$0$0
IVOR WOLK
300 PARK AVENUE 15TH FLOORNEW YORKNY10022DIRECTOR1.0$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$278,059AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$278,059TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$278,059AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,171CashDeemedCharitableAmt
Net Vl Noncharitable Assets$273,888NetVlNoncharitableAssetsAmt
Minimum Investment Return$13,694MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$13,694MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$13,694DistributableBeforeAdjAmt
Distributable Before Ded$13,694DistributableBeforeDedAmt
Distributable As Adjusted$13,694DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$364,459ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$364,459QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,694DistributableAsAdjustedAmt
Prior Year12020PriorYear1Yr
Prior Year22019PriorYear2Yr
Prior Year32018PriorYear3Yr
Excess Distribution Cyov Yr3$416,275ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$273,174ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$754,739ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,444,188TotalExcessDistributionCyovAmt
Qualifying Distributions$364,459QualifyingDistributionsAmt
Applied To Current Year$13,694AppliedToCurrentYearAmt
Remaining Distri From Corpus$350,765RemainingDistriFromCorpusAmt
Total Corpus$1,794,953TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,794,953ExcessDistriCyovToNextYrAmt
Excess From Year3$416,275ExcessFromYear3Amt
Excess From Year2$273,174ExcessFromYear2Amt
Excess From Year1$754,739ExcessFromYear1Amt
Excess From Current Year$350,765ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
TORAS YISRAEL TORAT YAAKOV
1367 Lanes Mill RoadLakewoodNJ08701NONEPCCHARITABLE$49,610
Congregation Zichron Yosef
250 W 57TH STNEW YORKNY10107NONEPCCHARITABLE$10,000
Avigdor's Helping Hand
138 78TH DRFLUSHINGNY11367PCCHARITABLE$30,000
Aleph Institute
383 KINGSTON AVE NO 106BROOKLYNNY11225NONEPCCHARITABLE$5,000
Friends of Zichron Kelem
1842 Coney Island AveBrooklynNY11230NONEPCCHARITABLE$8,600
Congregation Zichron Moshe Inc
1441 MONMOUTH AVELAKEWOODNJ08701PCCHARITABLE$8,000
Congregation Midgal Hashin
7-c Maple Leaf RdMonseyNY10952NONEPCCHARITABLE$10,000
ATERES SHIMON
1239 Caffrey AveFAR ROCKAWAYNY11691NONEPCCHARITABLE$20,000
Bais Medrosh Elyon
73 Main StreetMonseyNY10952NONEPCCHARITABLE$38,000
Daymaker
12 W Harrison AveBabylonNY11702NONEPCCHARITABLE$1,000
Mekor Chaim
834 Hurley CourtFar RockawayNY11691NONEPCCHARITABLE$5,000
KEREN ESTHER FOUNDATION
1 N SHERRI LANESPRING VALLEYNY10977NONEPCCHARITABLE$100,000
Smiles Through Cars
301 Mill RoadHewlettNY11557NONEPCCHARITABLE$1,800
Ohr Samayach
POB 301133BrooklynNY11230NONEPCCHARITABLE$250
Kotel Connections
3520 N 54th BlvdMilwaukeeWI53216NONEPCCHARITABLE$1,000
Netzach Hatorah
111 Irving PlaceWoodmereNY11598NONEPCCHARITABLE$5,600
Anchor Mentoring
711 Annapolis StFar RockawayNY11691NONEPCCHARITABLE$2,600
Mesivta Neimus Hatorah
4398 Crest Heights RoadBaltimoreMD21215NONEPCCHARITABLE$2,000
Beis Medrash of Harborview
214 HarborviewSouth LawrenceNY11559NONEPCCHARITABLE$2,500
Yeshiva Ahavat Yisrael
11-11 44th DrLong Island CityNY11101NONEPCCHARITABLE$10,000
Bais Moshe Chazorah Center
14127 73RD AVEFLUSHINGNY11367NONEPCCHARITABLE$1,800
Israel Cancer Support Network
111 Carlton Ave S NJLakewoodNJ08701NONEPCCHARITABLE$5,000
Community - Police Relations
1510 NE 131st StNorth MiamiFL33161NONEPCCHARITABLE$12,500
Ezras Yisroel
4415 14th AveBrooklynNY11219NONEPCCHARITABLE$5,000
Hebrew Academy of Long Beach
523 Church Ave WoodmereWoodmereNY11598NONEPCCHARITABLE$3,500
National Multiple Sclerosis Society
733 3rd Ave 3rd FloorNew YorkNY10017NONEPCCHARITABLE$4,449
Congregation Anshi Fallsburg
6 Yeshiva LN FallsburgNEW YORKNY12733PCCHARITABLE$10,000
Chicago Community Kollel Inc
6506 N California AveChicagoIL60645NONEPCCHARITABLE$10,000
Mesivta Toras Moshe
1110 BEACH 9TH STFar RockawayNY11691NONEPCCHARITABLE$1,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$364,459TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp
Dividends And Interest From Sec DtlDividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp
Gain Sales Ast Oth Than InvntryGainSalesAstOthThanInvntryGrp
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp
Subtotals Incm Producing ActySubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
Michael Weisz
1234 Briarwood XinLawrenceNY11559$105,000Yes (X)
LARCH LEGACY LLC
21060 NE 180TH TERRACE NMIAMIFL33162$5,000Yes (X)

Depreciation Schedule DepreciationSchedule

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