BETA

YMC FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
YMC FOUNDATION INC (EIN 38-4056028)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-15
IRS object ID
202431369349102593
Schema version
2023v5.0
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)
Return2024-05-15T09:43:11-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261449853PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PHILLIP M STERN & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12250 59TH ST 2ND FLAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN384056028EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1YMC FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlYMCFBusinessNameControlTxt
Phone9175478271PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11261 County Line Rd EAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonYOMTOV STEINMETZPersonNm
Person TitleFoundation Mgr.PersonTitleTxt
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstYOMTOVPersonFirstNm
Person LastSTEINMETZPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSARA TAPIROPreparerPersonNm
PTINP02509438PTIN
Phone7182320770PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$76,592FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$63,260ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$63,260TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$82OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$82TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$37,690ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$37,690ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,772TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$37,690TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$25,488ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$176,104CashBOYAmt
Cash EOY$76,592CashEOYAmt
Cash EOYFMV$76,592CashEOYFMVAmt
Other Investments BOY$100,000OtherInvestmentsBOYAmt
Other Investments EOY$225,000OtherInvestmentsEOYAmt
Total Assets BOY$276,104TotalAssetsBOYAmt
Total Assets EOY$301,592TotalAssetsEOYAmt
Total Assets EOYFMV$76,592TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$276,104NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$301,592NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$276,104TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$301,592TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$276,104TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$301,592TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$276,104TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$25,488ExcessRevenueOverExpensesAmt
Subtotal$301,592SubtotalAmt
Tot Net Ast Or Fund Balances EOY$301,592TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateNJOrgReportOrRegisterStateCd
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
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1YOMTOV STEINMETZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9175478271PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11261 County Line Rd EAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
YOMTOV STEINMETZ
7 JAMES STREETLAKEWOODNJ08701Foundation Mgr.0.50$0
MIRIAM BLEIER
7 JAMES STREETLAKEWOODNJ08701Treasurer0.50$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$83,523AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$83,523TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$83,523AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,253CashDeemedCharitableAmt
Net Vl Noncharitable Assets$82,270NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,114MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,114MinimumInvestmentReturnAmt
Distributable Before Adj$4,114DistributableBeforeAdjAmt
Distributable Before Ded$4,114DistributableBeforeDedAmt
Distributable As Adjusted$4,114DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$37,690ExpensesAndContributionsAmt
Qualifying Distributions$37,690QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,114DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,672ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$3,355ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$14,451ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$19,522ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$18,607ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$59,607TotalExcessDistributionCyovAmt
Qualifying Distributions$37,690QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,114AppliedToCurrentYearAmt
Remaining Distri From Corpus$33,576RemainingDistriFromCorpusAmt
Total Corpus$93,183TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,672ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$89,511ExcessDistriCyovToNextYrAmt
Excess From Year4$3,355ExcessFromYear4Amt
Excess From Year3$14,451ExcessFromYear3Amt
Excess From Year2$19,522ExcessFromYear2Amt
Excess From Year1$18,607ExcessFromYear1Amt
Excess From Current Year$33,576ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Cong L'man Achai
4405 13th AveBrooklynNY11219NOT RELATED501 C(3)Furtherance of charitable activities$2,000
Ezer L'shabbos
5014 Sixteenth AvebrooklynNY11204NOT RELATED501 C(3)Furtherance of charitable activities$6,000
Ohr Nosson
40 12TH STLAKEWOODNJ08701NOT RELATED501 C(3)Furtherance of charitable activities$280
BEIS MENACHEM
1990 Swarthmore AveLakewoodNJ08701N/AEDUCATIONAL ASSISTANCE$2,740
OTHER
OTHERLakewoodNJ08701NOT RELATEDCHARITABLE$17,999
Cong tiferes av
6 TUSCANY TERLAKEWOODNJ08701NOT RELATEDRELIGIOUS INSTITUTION$1,076
hope
hopeLakewoodNJ08701NOT RELATEDCHARITABLE$1,260
Mir Yerushalayim
5225 New Utrecht Ave 1BrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$360
Yeshiva M'Kor Chaim
1571 55th StBrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$460
Tomche Shabbos of Boro Park
6225 New Utrecht AveBrooklynNY11219NOT RELATEDASSISTANCE TO INDIGENT$1,275
TEN YAD KALLAH GEMACH INC
1291 PRESIDENT STBROOKLYNNY11213NOT RELATEDHELP THE NEEDY$500
Bais Tefilah
409 Edward AveWoodmereNY11598NOT RELATEDRELIGIOUS INSTITUTION$1,805
Bnos Esther Malka
488 Old Whitesville RdLakewoodNJ08701NOT RELATEDEDUCATIONAL INSTITUTION$510
Mesivta Keren Orah
1500 Pine StLakewoodNJ08701NOT RELATEDEDUCATIONAL INSTITUTION$900
Mayan Yisroel
3315 Avenue NBrooklynNY11234NOT RELATEDRELIGIOUS INSTITUTION$525
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$37,690TotalGrantOrContriPdDurYrAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonYOMTOV STEINMETZContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11261 County Line Rd EAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
FieldValueIRS element (for citing)
Total Contributions$63,260TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemSiyata Deals Lakewood NJCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$225,000BookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK FEES$25
LICENSE AND PERMITS$31
SUPPLIES$26

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.