SAMUEL AND ESTELLE SYLVETSKY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SAMUEL AND ESTELLE SYLVETSKY FOUNDATION (EIN 46-1556912)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-14
IRS object ID
202441359349102459
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)
Return2024-05-14T11:39:42-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN821206589PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CRUDEN & COMPANY CPA'S PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112 CORPORATE WOODS BLVDAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP122112523ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461556912EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAMUEL AND ESTELLE SYLVETSKYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSAMUBusinessNameControlTxt
Phone5184624556PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CRUDEN CO 12 CORP WOODS BLVDAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP122112524ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL M SYLVETSKYPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone5184699964PhoneNum
Signature2024-05-07SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMUELPersonFirstNm
Person LastSYLVETSKYPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEX W CRUDEN CPAPreparerPersonNm
PTINP00285967PTIN
Phone5184624556PhoneNum
Preparation2024-05-07PreparationDt
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$1,041,057FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$2,346InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2,346InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$12,492DividendsRevAndExpnssAmt
Dividends Net Invst Incm$12,492DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$34,336NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,778GrossSalesPriceAmt
Other Income Rev And Expnss$18OtherIncomeRevAndExpnssAmt
Total Rev And Expnss-$19,480TotalRevAndExpnssAmt
Total Net Invst Incm$14,838TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,295AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$336TaxesRevAndExpnssAmt
Taxes Net Invst Incm$132TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$110OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$10OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,741TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$142TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$60,576ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$60,576ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$63,317TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$142TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$60,576TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$82,797ExcessRevenueOverExpensesAmt
Net Investment Income$14,696NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$1,521CashEOYAmt
Cash EOYFMV$1,521CashEOYFMVAmt
Sav And Temp Cash Invst BOY$240,479SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$135,461SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$135,461SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$1,945PrepaidExpensesBOYAmt
Prepaid Expenses EOY$1,741PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$1,741PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$393,045CorporateStockBOYAmt
Corporate Stock EOY$413,949CorporateStockEOYAmt
Corporate Stock EOYFMV$902,334CorporateStockEOYFMVAmt
Total Assets BOY$635,469TotalAssetsBOYAmt
Total Assets EOY$552,672TotalAssetsEOYAmt
Total Assets EOYFMV$1,041,057TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$635,469NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$552,672NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$635,469TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$552,672TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$635,469TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$552,672TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$635,469TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$82,797ExcessRevenueOverExpensesAmt
Subtotal$552,672SubtotalAmt
Tot Net Ast Or Fund Balances EOY$552,672TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmt
MORGAN STANLEY ST COVEREDP2023-01-012023-12-31$5,381-$5,381-$5,381
INTEL CORPP2016-05-252023-02-24$3,137-$641-$641$2,496
SILVERGATE CAP CORPP2021-10-222023-03-21$28,596-$28,314-$28,314$282
FieldValueIRS element (for citing)
Capital Gain Net Income-$34,336CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$204InvestmentIncomeExciseTaxAmt
Subtotal$204SubtotalAmt
Tax Based On Investment Income$204TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,945EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,945TotalPaymentsAndCreditsAmt
Overpayment$1,741OverpaymentAmt
Applied To ES Tax$1,741AppliedToESTaxAmt

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
Website AddressN/AWebsiteAddressTxt
Individual With BooksCRUDEN CO CPA'SIndividualWithBooksNm
Phone5184624556PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 CORPORATE WOODS BLVDAddressLine1Txt
CityALBANYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12211ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SAMUEL M SYLVETSKY
12 CORPORATE WOODS BLVDALBANYNY12211DIRECTOR000.00$0$0$0
ESTELLE K SYLVETSKY
12 CORPORATE WOODS BLVDALBANYNY12211DIRECTOR000.00$0$0$0
DAN FINKLE
12 CORPORATE WOODS BLVDALBANYNY12211DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$763,109AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$202,725AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,928FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$967,762TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$967,762AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,516CashDeemedCharitableAmt
Net Vl Noncharitable Assets$953,246NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,662MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,662MinimumInvestmentReturnAmt
Tax Based On Investment Income$204TaxBasedOnInvestmentIncomeAmt
Total Tax$204TotalTaxAmt
Distributable Before Adj$47,458DistributableBeforeAdjAmt
Distributable Before Ded$47,458DistributableBeforeDedAmt
Distributable As Adjusted$47,458DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$60,576ExpensesAndContributionsAmt
Qualifying Distributions$60,576QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,458DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$5,023ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$9,337ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$9,321ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,862ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,769ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$38,312TotalExcessDistributionCyovAmt
Qualifying Distributions$60,576QualifyingDistributionsAmt
Applied To Current Year$47,458AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,118RemainingDistriFromCorpusAmt
Total Corpus$51,430TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$5,023ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$46,407ExcessDistriCyovToNextYrAmt
Excess From Year4$9,337ExcessFromYear4Amt
Excess From Year3$9,321ExcessFromYear3Amt
Excess From Year2$1,862ExcessFromYear2Amt
Excess From Year1$12,769ExcessFromYear1Amt
Excess From Current Year$13,118ExcessFromCurrentYearAmt

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/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
518 ELEVATED INC
1218 CENTERAL AVEUNEALBANYNY12205DONATION$500
ALPERT JEWISH FAMILY & CHILDCARE
5841 COPORATE WAY STE 200WEST PALM BEACHFL33407DONATION$1,000
AMEGO INC
33 PERRY AVEATTLEBOROMA02703DONATION$1,000
BIRTHRIGHT ISREAL FOUNDATION
PO BOX 5892HICKSVILLENY11802DONATION$1,000
CARIDAD CENTER
8645 W BOYNTON BEACH BLVBOYNTON BEACHFL33472DONATION$5,000
HADASSAH
PO BOX 1100NEW YORKNY10268DONATION$360
JEWISH ADOPTION AND FAMILY CARE
4200 N UNIVERSITY DRSUNRISEFL33351DONATION$3,600
KRAVIS CENTER
701 OKEECHOBEE BLVDWEST PALM BEACHFL33401DONATION$1,000
PALM BEACH COUNTY FOOD BANK
525 GATOR DRIVELANTANAFL33462DONATION$500
SCHENECTADY JCC
2565 BALLTOWN ROADSCHENECTADYNY12309DONATION$10,000
STAND WITH US
PO BOX 341069LOS ANGELESCA900341069DONATION$1,000
TEMPLE EMANU-EL OF PALM BEACH
190 N COUNTY RDPALM BEACHFL33480DONATION$3,600
UNITED JEWISH FEDERATION OF NENY
184 WASHINGTON AVE EXTALBANYNY12203DONATION$17,816
UNITED JEWISH FEDERATION OF PBC
4601 COMMUNITY DRIVEWEST PALM BEACHFL33417DONATION$12,000
PLANNED PARENTHOOD
123 WILLIAM ST 10TH FLNEW YORKNY10038DONATION$2,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$60,576TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,346RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,492RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$34,336RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Related Or Exempt Function Incm$18RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$19,480RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$19,480TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,295Amt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockPUBLIC SECURITIESStockNm
EOY Book Value$413,949EOYBookValueAmt
EOYFMV$902,334EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
FILING FEES$100
ADR FEES$10$10

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Revenue And Expenses Per Books$18RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAXES$132$132
INCOME TAXES$204

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