PB&J FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PB&J FOUNDATION INC (EIN 83-2215647)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-09-27
IRS object ID
202412719349100306
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)
Return2024-09-27T06:53:17-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200268717PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FUOCO GROUP LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 PARKWAY DR S STE 302AddressLine1Txt
CityHAUPPAUGECityNm
State AbbreviationNYStateAbbreviationCd
ZIP11788ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832215647EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PB&J FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPB&JBusinessNameControlTxt
Phone9176481059PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1262 GARFIELD PLACEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11215ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOHN TOUHEYPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-09-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAnthony Passudetti CPAPreparerPersonNm
PTINP01901048PTIN
Phone6313601700PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$80,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$9,982DividendsRevAndExpnssAmt
Dividends Net Invst Incm$9,982DividendsNetInvstIncmAmt
Dividends Adj Net Incm$9,982DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$14,166NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,166GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$14,166CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$14,166NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$104,148TotalRevAndExpnssAmt
Total Net Invst Incm$24,148TotalNetInvstIncmAmt
Total Adj Net Incm$24,148TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,700AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$417TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$9,814OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$11,931TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$63,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$63,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$75,431TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$28,717ExcessRevenueOverExpensesAmt
Net Investment Income$24,148NetInvestmentIncomeAmt
Adjusted Net Income$24,148AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$79,144CashBOYAmt
Cash EOY$11,669CashEOYAmt
Sav And Temp Cash Invst BOY$19,066SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$4,075SavAndTempCashInvstEOYAmt
Other Investments BOY$699,760OtherInvestmentsBOYAmt
Other Investments EOY$967,985OtherInvestmentsEOYAmt
Total Assets BOY$797,970TotalAssetsBOYAmt
Total Assets EOY$983,729TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$797,970NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$983,729NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$797,970TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$983,729TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$797,970TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$983,729TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$797,970TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$28,717ExcessRevenueOverExpensesAmt
Other Increases$157,042OtherIncreasesAmt
Subtotal$983,729SubtotalAmt
Tot Net Ast Or Fund Balances EOY$983,729TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
1st Manhattan InvestmentsP$12,463$12,463$12,463
Curran InvestmentP$1,703$1,703$1,703
FieldValueIRS element (for citing)
Capital Gain Net Income$14,166CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$14,166NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$336InvestmentIncomeExciseTaxAmt
Subtotal$336SubtotalAmt
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Tax Due$336TaxDueAmt
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 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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JOHN TOUHEYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9176481059PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1262 GARFIELD PLACEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11215ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
JOHN TOUHEY
262 GARFIELD PLACEBROOKLYNNY11215President5.00$0
PATRICIA LOWRY
262 GARFIELD PLACEBROOKLYNNY11215Vice President0.00$0
COLIN TOUHEY
262 GARFIELD PLACEBROOKLYNNY11215Director0.00$0
EVAN TOUHEY
262 GARFIELD PLACEBROOKLYNNY11215Director0.00$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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$336TaxBasedOnInvestmentIncomeAmt
Total Tax$336TotalTaxAmt
Distributable Before Adj$336DistributableBeforeAdjAmt
Distributable Before Ded$336DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,500ExpensesAndContributionsAmt
Qualifying Distributions$63,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$30,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$32,863ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$53,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$115,863TotalExcessDistributionCyovAmt
Qualifying Distributions$63,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$63,500RemainingDistriFromCorpusAmt
Total Corpus$179,363TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$179,363ExcessDistriCyovToNextYrAmt
Excess From Year3$30,000ExcessFromYear3Amt
Excess From Year2$32,863ExcessFromYear2Amt
Excess From Year1$53,000ExcessFromYear1Amt
Excess From Current Year$63,500ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJOHN TOUHEYRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1262 GARFIELD PLACEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11215ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9176481059RecipientPhoneNum
Recipient Email AddressJOHNJ2E@GMAIL.COMRecipientEmailAddressTxt
Form And Info And MaterialsINQUIRY WITH MANAGEMENTFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
New Suffolk Waterfront Fund
PO BOX 146NEW SUFFOLKNY11956EOFGENERAL DONATION$20,000
THE SALVATION ARMY
200 TWINS OAKS DRIVE PO BOX 148SYRACUSENY13206EOFGENERAL DONATION$1,000
KNICKERBOCKER TENNIS FOUNDATION
359 11TH STREETBROOKLYNNY11215EOFGENERAL DONATION$3,000
PROSPECT PARK ALLIANCE
95 PROSPECT PARK WESTBROOKLYNNY11215GENERAL DONATION$10,000
GROUP FOR THE EAST END
PO BOX 1792SOUTHHOLDNY11791POFGENERAL DONATION$3,000
CENTER FOR LAW AND JUSTICE
2 Pine West PlazaALBANYNY12205POFGENERAL DONATION$3,000
TO LOVE A CHILD
PO BOX 165CLIFTON PARKNY12065EOFGENERAL DONATION$2,000
FIRST PRESBYTERIAN CHURCH
12 W 12th StNew YorkNY10011NCGENERAL DONATION$5,000
Congregation of the sisters of St Josep
3430 Rocky River DriveClevelandOH44111GENERAL DONATION$2,000
Doctors without borders
40 Rector St 16th FloorNew YorkNY10006GENERAL DONATION$3,000
Peconic Community School
269 Main RdAquebogueNY11931GENERAL DONATION$500
Film Independents
5670 Wilshire BlvdLos AngelesCA90036EOFGENERAL DONATION$10,000
The national audburn society
225 Varick StNew YorkNY10014EOFGENERAL DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$63,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion$9,982ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,166RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,982ExclusionAmt
Related Or Exempt Function Incm$14,166RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,148TotalIncomeProducingActyAmt

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)
Amt$1,700Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBROKERAGE FEESDesc
Revenue And Expenses Per Books$9,814RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmt
Corporate taxes$275
Foreign Taxes - 1st Manhattan$61
Foreign Taxes - Curran$81

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