LJL FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LJL FOUNDATION (EIN 47-6676743)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-31
IRS object ID
202413059349101721
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)
Return2024-10-31T12:14:41-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN262708179PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JHKCO INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11 HILLCREST CENTER DR STE 328AddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN476676743EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LJL FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLJLFBusinessNameControlTxt
Phone7186922525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLILLIAN LIEBERMANPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7186922525PhoneNum
Signature2024-10-28SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonURI KOENIGPreparerPersonNm
PTINP00633655PTIN
Phone8454258100PhoneNum
Preparation2024-10-31PreparationDt
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$2,264,754FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,014,875ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$9,262InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$9,262InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$9,262InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$23,124DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,124DividendsNetInvstIncmAmt
Dividends Adj Net Incm$23,124DividendsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$1,158,813CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$1,158,813NetSTCapitalGainAdjNetIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,047,261TotalRevAndExpnssAmt
Total Net Invst Incm$1,191,199TotalNetInvstIncmAmt
Total Adj Net Incm$1,191,199TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$15,047OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$15,047OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$15,047OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$15,047OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$14,885TaxesRevAndExpnssAmt
Taxes Net Invst Incm$14,885TaxesNetInvstIncmAmt
Taxes Adj Net Incm$14,885TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$14,885TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$29,932TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$29,932TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$29,932TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$29,932TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,125,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,125,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,155,232TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$29,932TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$29,932TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,155,232TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$107,971ExcessRevenueOverExpensesAmt
Net Investment Income$1,161,267NetInvestmentIncomeAmt
Adjusted Net Income$1,161,267AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$468,495CashBOYAmt
Cash EOY$441,782CashEOYAmt
Cash EOYFMV$441,782CashEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments BOY$641,966OtherInvestmentsBOYAmt
Other Investments EOY$560,708OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,822,972OtherInvestmentsEOYFMVAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$1,110,461TotalAssetsBOYAmt
Total Assets EOY$1,002,490TotalAssetsEOYAmt
Total Assets EOYFMV$2,264,754TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,110,461NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,002,490NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,110,461TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,002,490TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,110,461TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,002,490TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,110,461TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$107,971ExcessRevenueOverExpensesAmt
Subtotal$1,002,490SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,002,490TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyMERRILL LYNCH TRADINGPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2023-12-31SoldDt
Gross Sales Price$1,603,411GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$444,598CostOrOtherBasisAmt
Gain Or Loss$1,158,813GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$1,158,813GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$1,158,813CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$1,158,813NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16,142InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$16,142SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$16,142TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$831EsPenaltyAmt
Tax Due$16,973TaxDueAmt
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 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 BooksLJL FOUNDATIONIndividualWithBooksNm
Phone7186922525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
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
LILLIAN LIEBERMAN
957 EAST 23RD STREETBROOKLYNNY11210TRUSTEE1.00$0$0$0
MIRIAM LIEBERMAN
957 EAST 23RD STREETBROOKLYNNY11210TRUSTEE1.00$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DIRECT CONTRIBUTIONS TO EDUCATIONAL AND CHARITABLE INSTITUTIONS - SEE PART XV FOR DETAILSDescription1Txt
Expenses1$1,125,300Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$455,139AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,733,209FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,188,348TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,188,348AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,825CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,155,523NetVlNoncharitableAssetsAmt
Minimum Investment Return$107,776MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$107,776MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,142TaxBasedOnInvestmentIncomeAmt
Total Tax$16,142TotalTaxAmt
Distributable Before Adj$91,634DistributableBeforeAdjAmt
Distributable Before Ded$91,634DistributableBeforeDedAmt
Distributable As Adjusted$91,634DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,155,232ExpensesAndContributionsAmt
Qualifying Distributions$1,155,232QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$91,634DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$305,074ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$399,709ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$480,295ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$661,230ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$811,865ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,658,173TotalExcessDistributionCyovAmt
Qualifying Distributions$1,155,232QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$1,155,232RemainingDistriFromCorpusAmt
Total Corpus$3,813,405TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$91,634UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$305,074ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$3,508,331ExcessDistriCyovToNextYrAmt
Excess From Year4$399,709ExcessFromYear4Amt
Excess From Year3$480,295ExcessFromYear3Amt
Excess From Year2$661,230ExcessFromYear2Amt
Excess From Year1$811,865ExcessFromYear1Amt
Excess From Current Year$1,155,232ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE ATTACHED SCHEDULEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation Status501c3RecipientFoundationStatusTxt
Grant Or Contribution PurposeCHARITABLEINSTITUTIONSGrantOrContributionPurposeTxt
Amt$1,125,300Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,125,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$9,262UnrelatedBusinessTaxblIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Business900099BusinessCd
Unrelated Business Taxbl Incm$23,124UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$32,386UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,386TotalIncomeProducingActyAmt

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 PersonLILLIAN LIEBERMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1957 EAST 23RD STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,014,875TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$14,885Amt
Net Investment Income$14,885NetInvestmentIncomeAmt
Adjusted Net Income$14,885AdjustedNetIncomeAmt
Disbursements Charitable Prps$14,885DisbursementsCharitablePrpsAmt

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