SPG FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: SPG FOUNDATION INC (EIN 85-1625224)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-15
IRS object ID: 202413209349102981
Schema version: 2023v5.0
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 Expenses Schedule
Other Income Schedule2
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-15T11:18:06-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	811493954	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWARTZ AND COMPANY CPA'S PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 ACRES ROAD	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	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	851625224	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SPG FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SPGF	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD SUITE 316-609	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10949	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SHIMON GERTNER	PersonNm
Person Title	OFFICER	PersonTitleTxt
Signature	2024-11-12	SignatureDt

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

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ABRAHAM J SCHWARTZ CPA	PreparerPersonNm
PTIN	P00506015	PTIN
Phone	8457830062	PhoneNum
Preparation	2024-11-15	PreparationDt

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	$1,993,315	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$416,014	ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss	$46,025	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$46,025	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$462,039	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Total Adj Net Incm	$46,025	TotalAdjNetIncmAmt
Other Expenses Rev And Expnss	$250	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$250	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$252,600	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$252,600	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$252,850	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$252,600	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$209,189	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$46,025	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$400,262	CashBOYAmt
Cash EOY	$370,426	CashEOYAmt
Cash EOYFMV	$370,426	CashEOYFMVAmt
Acct Rcvbl	$118,804	AcctRcvblAmt
Acct Rcvbl BOY	$72,779	AcctRcvblBOYAmt
Acct Rcvbl EOY	$118,804	AcctRcvblEOYAmt
Acct Rcvbl EOYFMV	$118,804	AcctRcvblEOYFMVAmt
Other Nts And Loans Rcvbl	$1,504,085	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY	$1,311,085	OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY	$1,504,085	OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV	$1,504,085	OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY	$1,784,126	TotalAssetsBOYAmt
Total Assets EOY	$1,993,315	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,993,315	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$1,784,126	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$1,993,315	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$1,784,126	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$1,993,315	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$1,784,126	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$1,993,315	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$1,784,126	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$209,189	ExcessRevenueOverExpensesAmt
Subtotal	$1,993,315	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$1,993,315	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

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	AHARON OSTREICHER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7183870512	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD SUITE 316-609	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	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
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 (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
AHARON OSTREICHER
11 VANDERBILT	HIGHLAND MILLS	NY	10930	OFFICER	1.00	$0	$0	$0
PERL GERTNER
144 BATES DR	MONSEY	NY	10952	OFFICER	1.00	$0	$0	$0
SHIMON GERTNER
144 BATES DRIVE	MONSEY	NY	10952	OFFICER	1.00	$0	$0	$0

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

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$367,630	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$367,630	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$367,630	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$5,514	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$362,116	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$18,106	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$18,106	MinimumInvestmentReturnAmt
Distributable Before Adj	$18,106	DistributableBeforeAdjAmt
Distributable Before Ded	$18,106	DistributableBeforeDedAmt
Distributable As Adjusted	$18,106	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$252,600	ExpensesAndContributionsAmt
Qualifying Distributions	$252,600	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$18,106	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3	$4,042	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$175,296	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$111,751	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$291,089	TotalExcessDistributionCyovAmt
Qualifying Distributions	$252,600	QualifyingDistributionsAmt
Applied To Current Year	$18,106	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$234,494	RemainingDistriFromCorpusAmt
Total Corpus	$525,583	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$525,583	ExcessDistriCyovToNextYrAmt
Excess From Year3	$4,042	ExcessFromYear3Amt
Excess From Year2	$175,296	ExcessFromYear2Amt
Excess From Year1	$111,751	ExcessFromYear1Amt
Excess From Current Year	$234,494	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	SPG FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7183870512	RecipientPhoneNum
Form And Info And Materials	LETTER STATING ACTIVITIES AND PURPOSE OF GRANT	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2Txt	Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
THE OJC FUND
THE OJC FUND	1303 53RD ST	BROOKLYN	NY	11219	N/A	NC	FOR PROGRAM ASSISTANCE	$127,600
TIFERES YOEL
TIFERES YOEL	PO BOX 2336	MONROE	NY	10949	N/A	NC	FOR PROGRAM ASSISTANCE	$100,000
TALMUD TORA BRESLEV
TALMUD TORA BRESLEV	260 HEWES ST	BROOKLYN	NY	11211	N/A	NC	FOR PROGRAM ASSISTANCE	$25,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$252,600	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	INTEREST INCOME	Desc
Related Or Exempt Function Incm	$46,025	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$46,025	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$46,025	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 (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
SHIMON GERTNER
1	144 BATES DRIVE	MONSEY	NY	10952	$66,014	Yes (X)
BSA FOUNDATION
2	31 ELKAY DRIVE	CHESTER	NY	10918	$100,000	Yes (X)
E EDWARD ZINKE
3	1909 ARMOND LANE	SILVER SPRING	MD	20905	$250,000	Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
NYS FILING FEE	$250

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	INTEREST INCOME	Desc
Revenue And Expenses Per Books	$46,025	RevenueAndExpensesPerBooksAmt
Adjusted Net Income	$46,025	AdjustedNetIncomeAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOAN RECEIVABLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$1,504,085	BalanceDueAmt

SPG FOUNDATION INC: 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 (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (3 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

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