ONYX & BREEZY FOUNDATION TR: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ONYX & BREEZY FOUNDATION TR (EIN 13-7437754)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-12
IRS object ID
202421949349100707
Schema version
2023v5.1
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)
Return2024-07-12T09:44:23-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261353113PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANDREW ASGAR CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1125 EAST CENTRAL AVENUEAddressLine1Txt
CityPEARL RIVERCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10965ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137437754EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Onyx and Breezy FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlONYXBusinessNameControlTxt
Phone8453518810PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1218A Route 17 N PO Box 857AddressLine1Txt
CityTuxedoCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10987ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMark SheftsPersonNm
Person TitleTrusteePersonTitleTxt
Phone8453518810PhoneNum
Signature2024-07-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMarkPersonFirstNm
Person LastSheftsPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAndrew Asgar CPAPreparerPersonNm
PTINP00393587PTIN
Phone8459208630PhoneNum
Preparation2024-07-12PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
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$755,961FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$274,058ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$17,524InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$17,524InterestOnSavNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Gross Sales Less Ret And Allwnc$889GrossSalesLessRetAndAllwncAmt
Cost Of Goods Sold$4,479CostOfGoodsSoldAmt
Gross Profit Rev And Expnss-$3,590GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$287,992TotalRevAndExpnssAmt
Total Net Invst Incm$17,524TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$275TaxesRevAndExpnssAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$141,135OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$141,410TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$54,045ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$195,455TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$92,537ExcessRevenueOverExpensesAmt
Net Investment Income$17,524NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$15,512CashBOYAmt
Cash EOY$11,894CashEOYAmt
Cash EOYFMV$11,894CashEOYFMVAmt
Sav And Temp Cash Invst BOY$702,564SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$744,067SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$744,067SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl$147,352AcctRcvblAmt
Acct Rcvbl BOY$90,887AcctRcvblBOYAmt
Acct Rcvbl EOY$147,352AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$0AcctRcvblEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$808,963TotalAssetsBOYAmt
Total Assets EOY$903,313TotalAssetsEOYAmt
Total Assets EOYFMV$755,961TotalAssetsEOYFMVAmt
Accounts Payable BOY$4,946AccountsPayableBOYAmt
Accounts Payable EOY$6,759AccountsPayableEOYAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities BOY$4,946TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,759TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$804,017NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$896,554NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$804,017TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$896,554TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$808,963TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$903,313TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$804,017TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$92,537ExcessRevenueOverExpensesAmt
Subtotal$896,554SubtotalAmt
Tot Net Ast Or Fund Balances EOY$896,554TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$244InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$244SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$244TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$244TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
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 Addressonyxandbreezy.orgWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1The FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8453518810PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1218A Route 17N PO Box 857AddressLine1Txt
CityTuxedo ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10987ZIPCd
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
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

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Mark Shefts
PO Box 656Tuxedo ParkNY10987Trustee10.00$0$0$0
Wanda Shefts
PO Box 656Tuxedo ParkNY10987Trustee30.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$10,000AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$745,962AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$755,962TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$755,962AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,339CashDeemedCharitableAmt
Net Vl Noncharitable Assets$744,623NetVlNoncharitableAssetsAmt
Minimum Investment Return$37,231MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$37,231MinimumInvestmentReturnAmt
Tax Based On Investment Income$244TaxBasedOnInvestmentIncomeAmt
Total Tax$244TotalTaxAmt
Distributable Before Adj$36,987DistributableBeforeAdjAmt
Distributable Before Ded$36,987DistributableBeforeDedAmt
Distributable As Adjusted$36,987DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,987DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$46,098ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$78,174ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$41,278ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$26,939ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$37,147ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$229,636TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$229,636TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$36,987UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$46,098ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$183,538ExcessDistriCyovToNextYrAmt
Excess From Year4$78,174ExcessFromYear4Amt
Excess From Year3$41,278ExcessFromYear3Amt
Excess From Year2$26,939ExcessFromYear2Amt
Excess From Year1$37,147ExcessFromYear1Amt
Excess From Current Year$0ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMark SheftsContributingManagerNm
Contributing ManagerWanda SheftsContributingManagerNm
Shareholder ManagerNoneShareholderManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonMark SheftsRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 656AddressLine1Txt
CityTuxedo ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10987ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8453518810RecipientPhoneNum
Form And Info And MaterialsWrittenFormAndInfoAndMaterialsTxt
Submission DeadlinesNoneSubmissionDeadlinesTxt
Restrictions On AwardsAnimal Welfare RelatedRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Benjamin T Kruser
400 E Napoleon RoadBowling GreenOH43402N/AAnimal Care$3,088
Various Transactions - Detail on Fi
218A Route 17N PO Box 857Tuxedo ParkNY10987N/AAnimal Care$50,957
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$54,045TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,524ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$17,524ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,524TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp (2 entries)

Line NumberLineNumberTxtRelationship StatementRelationshipStatementTxt
10Items offered for sale to advertise & create awareness of the
10organization and its activities

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
Mark Shefts
1193 Tuxedo RoadTuxedo ParkNY10987$92,509Yes (X)
Valstar Charitable Trust
2105 Corporate Park Dr G019West HarrisonNY10604$7,500Yes (X)
Candis J Stern Foundation
31208 Regency CtLas CrucesNM88007$22,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyAccessories, jewelry & misc. itemsNoncashPropertyDesc
Fair Market Value$92,509FairMarketValueAmt
Received2023-12-31ReceivedDt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Raffle Expense$16,620
Insurance$2,799
Bank & Processing Fees$5,498
Administrative Expense$96,000
Office & Other$20,218

Sales Of Inventory List SalesOfInventoryList

Inventory Sale InventorySaleGrp

FieldValueIRS element (for citing)
CategoryMerchandise SalesCategoryTxt
Gross Sales$889GrossSalesAmt
Cost Of Goods Sold$4,479CostOfGoodsSoldAmt
Net-$3,590NetAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFederal & StateCategoryTxt
Amt$275Amt

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