YIELDSTREET FOUNDATION CORP: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
YIELDSTREET FOUNDATION CORP (EIN 83-1006415)
Tax period
2021-07-01 to 2022-06-30
Filed
2024-06-24
IRS object ID
202401769349100010
Schema version
2021v4.2
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)
Return2024-06-24T09:56:25-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 Begin2021-07-01TaxPeriodBeginDt

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
Signature2024-06-15SignatureDt
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)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Amended ReturnYes (X)AmendedReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$386,412FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$909,937ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$909,937TotalRevAndExpnssAmt
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$770,332ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$770,332ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$770,332TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$770,332TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$139,605ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$246,807CashBOYAmt
Cash EOY$386,412CashEOYAmt
Cash EOYFMV$386,412CashEOYFMVAmt
Total Assets BOY$246,807TotalAssetsBOYAmt
Total Assets EOY$386,412TotalAssetsEOYAmt
Total Assets EOYFMV$386,412TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$246,807NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$386,412NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$246,807TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$386,412TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$246,807TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$386,412TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$246,807TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$139,605ExcessRevenueOverExpensesAmt
Subtotal$386,412SubtotalAmt
Tot Net Ast Or Fund Balances EOY$386,412TotNetAstOrFundBalancesEOYAmt
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$316,610AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$316,610TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$316,610AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,749CashDeemedCharitableAmt
Net Vl Noncharitable Assets$311,861NetVlNoncharitableAssetsAmt
Minimum Investment Return$15,593MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$15,593MinimumInvestmentReturnAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$15,593DistributableBeforeAdjAmt
Distributable Before Ded$15,593DistributableBeforeDedAmt
Distributable As Adjusted$15,593DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$770,332ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$770,332QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$15,593DistributableAsAdjustedAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Excess Distribution Cyov Yr2$416,275ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$273,174ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$689,449TotalExcessDistributionCyovAmt
Qualifying Distributions$770,332QualifyingDistributionsAmt
Applied To Current Year$15,593AppliedToCurrentYearAmt
Remaining Distri From Corpus$754,739RemainingDistriFromCorpusAmt
Total Corpus$1,444,188TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,444,188ExcessDistriCyovToNextYrAmt
Excess From Year2$416,275ExcessFromYear2Amt
Excess From Year1$273,174ExcessFromYear1Amt
Excess From Current Year$754,739ExcessFromCurrentYearAmt
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 (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
ATERES SHIMON
1239 Caffrey AveFAR ROCKAWAYNY11691NONEPCCHARITABLE$10,000
Avigdor's Helping Hand
138 78TH DRFLUSHINGNY11367NONEPCCHARITABLE$20,000
Bais Medrosh Elyon
73 Main StreetMonseyNY10952NONEPCCHARITABLE$190,000
Chasdei Yitzchok
481 PARK AVEBROOKLYNNY11205NONEPCCHARITABLE$1,800
Community - Police Relations
1510 NE 131st StNorth MiamiFL33161NONEPCCHARITABLE$12,500
Congregation Anshi Fallsburg
6 Yeshiva LN FallsburgNEW YORKNY12733NONEPCCHARITABLE$5,000
Congregation Khal Chasidim of Lawrence
7 FIRETHORNE DRLAWRENCENY11559NONEPCCHARITABLE$5,100
Ezras Yisroel
4415 14th AveBrooklynNY11219NONEPCCHARITABLE$3,600
FRIENDS OF BIKUR CHOLIM EZRAT ACHIM INC
5014 16TH AVEBROOKLYN NYNY11204NONEPCCHARITABLE$4,000
Friends of United Hatzalah
208 E 51st StreetNEW YORKNY10022NONEPCCHARITABLE$60,000Suite 303
Hebrew Academy of Long Beach
132 SPRUCE STCEDARHURST NYNY11516NONEPCCHARITABLE$6,400
KEREN ESTHER FOUNDATION
1 N SHERRI LANESPRING VALLEYNY10977NONEPCCHARITABLE$265,000
Keren Sifrei Torah
788 EASTERN PKWYBROOKLYNNY11213NONEPCCHARITABLE$1,000
Mesivta Neimus Hatorah
4398 Crest Heights RoadBaltimoreMD21215NONEPCCHARITABLE$5,800
Mesorah Heritage Foundation
313 REGINA AVERAHWAYNJ07065NONEPCCHARITABLE$73,332
Miami Beach Community Kollel
3767 CHASE AVEMIAMIFL33140NONEPCCHARITABLE$10,000
People Who Care Inc
1400 IRISHTOWN ROADNEW OXFORDPA17350NONEPCCHARITABLE$2,500
Shas Yiden Kollel
1274 49TH ST NO 562BROOKLYNNY11219NONEPCCHARITABLE$5,000
Smiles Through Cars
301 MILL ROAD SUITE U5HEWLETTNY11557NONEPCCHARITABLE$7,000
The Aleph Institute
383 KINGSTON AVE NO 106BROOKLYNNY11225NONEPCCHARITABLE$1,800
TORAS YISRAEL TORAT YAAKOV
1367 LANES MILL RDLAKEWOODNJ08701NONEPCCHARITABLE$59,500
Yeshiva Knesses Bais Aharon
1951 New Central AveLAKEWOODNJ08701NONEPCCHARITABLE$1,000
Zichron Kelem
1842 Coney Island AveBrooklynNY11230NONEPCCHARITABLE$10,000
Other Contributions
300 PARK AVE 15TH FLNEW YORKNY10017NONEPCCHARITABLE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$770,332TotalGrantOrContriPdDurYrAmt

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 (5 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
YIELDSTREET INC
1300 PARK AVE 15TH FLNEW YORKNY10022$750,000Yes (X)
Nazare Family Foundation
2300 PARK AVE 15TH FLNEW YORKNY10017$36,720Yes (X)
LARCH LEGACY LLC
31060 NE 180TH TERRACE NMIAMIFL33162$10,000Yes (X)
Joseph Melohn
49501 COLLINS AVESURFSIDEFL33154$10,000Yes (X)
MMS FAMILY FOUNDATION INC
525 HIDDEN VALLEY DRSUFFERNNY10901$7,200Yes (X)

Depreciation Schedule DepreciationSchedule

Comments

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