SHULEM AND CHANY MERMELSTEIN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: SHULEM AND CHANY MERMELSTEIN FOUNDATION (EIN 81-0917633)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-11
IRS object ID: 202413169349101826
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
Form 990-PF
Schedule B
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-11T09:05:26-08:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	461930598	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Jacob Frieder CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9 Ostereh Blvd	AddressLine1Txt
City	Spring Valley	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10977	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	810917633	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHULEM AND CHANY MERMELSTEIN FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SHUL	BusinessNameControlTxt
Phone	8457504657	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 NEW COUNTY RD	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SHULEM MERMELSTEIN	PersonNm
Person Title	Trustee	PersonTitleTxt
Signature	2024-11-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JACOB FRIEDER CPA	PreparerPersonNm
PTIN	P00802946	PTIN
Phone	8456944524	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$371,790	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$53,000	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$4	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$4	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$4	InterestOnSavingsAdjNetIncmAmt
Other Income Rev And Expnss	$36,872	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$36,872	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$36,872	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$89,876	TotalRevAndExpnssAmt
Total Net Invst Incm	$36,876	TotalNetInvstIncmAmt
Total Adj Net Incm	$36,876	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$355	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$355	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$170,990	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$170,990	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$171,345	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$170,990	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$81,469	ExcessRevenueOverExpensesAmt
Net Investment Income	$36,876	NetInvestmentIncomeAmt
Adjusted Net Income	$36,876	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$101,760	CashBOYAmt
Cash EOY	$84,389	CashEOYAmt
Cash EOYFMV	$84,389	CashEOYFMVAmt
Mortgage Loans BOY	$351,497	MortgageLoansBOYAmt
Mortgage Loans EOY	$287,401	MortgageLoansEOYAmt
Mortgage Loans EOYFMV	$287,401	MortgageLoansEOYFMVAmt
Total Assets BOY	$453,257	TotalAssetsBOYAmt
Total Assets EOY	$371,790	TotalAssetsEOYAmt
Total Assets EOYFMV	$371,790	TotalAssetsEOYFMVAmt
Other Liabilities EOY	$2	OtherLiabilitiesEOYAmt
Total Liabilities EOY	$2	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$453,257	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$371,788	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$453,257	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$371,788	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$453,257	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$371,790	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$453,257	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$81,469	ExcessRevenueOverExpensesAmt
Subtotal	$371,788	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$371,788	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$513	InvestmentIncomeExciseTaxAmt
Subtotal	$513	SubtotalAmt
Tax Based On Investment Income	$513	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$30	EsPenaltyAmt
Tax Due	$543	TaxDueAmt
Applied To ES Tax	$0	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	SHULEM AND CHANY MERMELSTEIN F	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8457504657	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	40 NEW COUNTY RD	AddressLine1Txt
City	AIRMONT	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	SHULEM MERMELSTEIN	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	40 NEW COUNTY RD	AddressLine1Txt
City	AIRMONT	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Title	Trustee	TitleTxt
Average Hrs Per Wk Devoted To Pos	1.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$371,790	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$371,790	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$371,790	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$5,577	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$366,213	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$18,311	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$18,311	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$513	TaxBasedOnInvestmentIncomeAmt
Total Tax	$513	TotalTaxAmt
Distributable Before Adj	$17,798	DistributableBeforeAdjAmt
Distributable Before Ded	$17,798	DistributableBeforeDedAmt
Distributable As Adjusted	$17,798	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$170,990	ExpensesAndContributionsAmt
Qualifying Distributions	$170,990	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$17,798	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$242,572	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$242,572	TotalExcessDistributionCyovAmt
Qualifying Distributions	$170,990	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$17,798	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$153,192	RemainingDistriFromCorpusAmt
Total Corpus	$395,764	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$395,764	ExcessDistriCyovToNextYrAmt
Excess From Year1	$242,572	ExcessFromYear1Amt
Excess From Current Year	$153,192	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Chasdei Uvois
50 Nelshore Dr	Monticello	NY	12701	PC	Charitable	$36,000
Cong Sanz of Lakewood
25 Havens Ave	Lakewood	NJ	08701	PC	Charitable	$8,600
Keren Gershon Dov
9 SOUTH POST LANE	AIRMONT	NY	10952	PC	Charitable	$10,000
Kolel Sdei Chaim
164 Hadassah Ln	Lakewood	NJ	08701	PC	Charitable	$5,000
The OJC Fund
1303 53rd St	Brooklyn	NY	11219	PC	Charitable	$3,950
Tomchei Torah
1966 Ocean Ave	Brooklyn	NY	11230	PC	Charitable	$30,100
Tzidkos Eretz Hakodesh
4600 14th Apt 2B	Brooklyn	NY	11219	PC	Charitable	$30,000
Zichron Shlomo
1502 42nd St	Brooklyn	NY	11219	PC	Charitable	$30,000
Yeshiva Tzoin Yosef
15 Widman Ct	Spring Valley	NY	10977	PC	Charitable	$10,000
Varoius
Various	Spring Valley	NY	10977	PC	Charitable	$7,340

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$170,990	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$4	ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$36,872	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$36,876	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$36,876	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Bayit Corp	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	40 New County Rd	AddressLine1Txt
City	Airmont	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$53,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	Other Investment Income	Desc
Revenue And Expenses Per Books	$36,872	RevenueAndExpensesPerBooksAmt
Net Investment Income	$36,872	NetInvestmentIncomeAmt
Adjusted Net Income	$36,872	AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Amt	$355	Amt

SHULEM AND CHANY MERMELSTEIN FOUNDATION: Form 990PF, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Other Investment Income OtherInvestmentIncomeGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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