BARBARA AND MICHAEL SATOW FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BARBARA AND MICHAEL SATOW FAMILY FOUNDATION INC (EIN 87-3333524)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-08
IRS object ID
202423139349101957
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-08T16:02:13-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112461669PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SILVERCREST FINANCIAL SERVICES INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1230 COURT SQUARE SUITE 101AddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN873333524EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BARBARA AND MICHAEL SATOW FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlBARBBusinessNameControlTxt
Phone9739944021PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O SILVERCREST 230 COURT SQUAREAddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL SATOWPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9739944021PhoneNum
Signature2024-11-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEVAN KWIATKOWSKIPreparerPersonNm
PTINP01509799PTIN
Phone4349774420PhoneNum
Preparation2024-11-08PreparationDt
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$2,841,299FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,607,606ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$491InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$491InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$27,776DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,776DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$56NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$140GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$56CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,635,929TotalRevAndExpnssAmt
Total Net Invst Incm$28,323TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$355OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$255OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,706TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,061TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$255TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$148,550ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$148,550ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$151,611TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$255TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$148,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,484,318ExcessRevenueOverExpensesAmt
Net Investment Income$28,068NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$201,649CashBOYAmt
Cash EOY$83,960CashEOYAmt
Cash EOYFMV$83,960CashEOYFMVAmt
Corporate Stock BOY$1,100,758CorporateStockBOYAmt
Corporate Stock EOY$2,702,765CorporateStockEOYAmt
Corporate Stock EOYFMV$2,757,339CorporateStockEOYFMVAmt
Total Assets BOY$1,302,407TotalAssetsBOYAmt
Total Assets EOY$2,786,725TotalAssetsEOYAmt
Total Assets EOYFMV$2,841,299TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,302,407NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,786,725NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,302,407TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,786,725TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,302,407TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,786,725TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,302,407TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,484,318ExcessRevenueOverExpensesAmt
Subtotal$2,786,725SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,786,725TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MARKETABLE SECURITIESP$30$27$3$3
MARKETABLE SECURITIESP$75$57$18$18
FieldValueIRS element (for citing)
Capital Gain Net Income$56CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$3NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$390InvestmentIncomeExciseTaxAmt
Subtotal$390SubtotalAmt
Tax Based On Investment Income$390TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,750EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,750TotalPaymentsAndCreditsAmt
Overpayment$1,360OverpaymentAmt
Applied To ES Tax$1,360AppliedToESTaxAmt

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 Line1SILVERCRESTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9739944021PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1230 COURT SQUAREAddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL SATOW
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902PRESIDENT0.10$0$0$0
BARBARA SATOW
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902SECRETARY TR0.10$0$0$0
MAX SATOW
C/O SILVERCREST 230 COURT SQUARECHARLOTTESVILLEVA22902DIRECTOR0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$990,328AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$162,799AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,153,127TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,153,127AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,297CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,135,830NetVlNoncharitableAssetsAmt
Minimum Investment Return$56,792MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$56,792MinimumInvestmentReturnAmt
Tax Based On Investment Income$390TaxBasedOnInvestmentIncomeAmt
Total Tax$390TotalTaxAmt
Distributable Before Adj$56,402DistributableBeforeAdjAmt
Distributable Before Ded$56,402DistributableBeforeDedAmt
Distributable As Adjusted$56,402DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$148,550ExpensesAndContributionsAmt
Qualifying Distributions$148,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$56,402DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$65,264ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$65,264TotalExcessDistributionCyovAmt
Qualifying Distributions$148,550QualifyingDistributionsAmt
Applied To Current Year$56,402AppliedToCurrentYearAmt
Remaining Distri From Corpus$92,148RemainingDistriFromCorpusAmt
Total Corpus$157,412TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$157,412ExcessDistriCyovToNextYrAmt
Excess From Year1$65,264ExcessFromYear1Amt
Excess From Current Year$92,148ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL SATOWContributingManagerNm
Contributing ManagerBARBARA SATOWContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2TxtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
BARD COLLEGE
30 CAMPUS ROADANNANDALE ON HUDSONNY12504NONEPUBLICGENERAL$1,000
BRADY CAMPAIGN
PO BOX 96637WASHINGTONDC20077NONEPUBLICGENERAL$500
CHAPPAQUA VOLUNTEER AMBULENCE CORPS
PO BOX 1CHAPPAQUANY10514NONEPUBLICGENERAL$250
COLUMBIA COLLEGE
116TH AND BROADWAYNEW YORKNY10027NONEPUBLICGENERAL$17,000
COLUMBIA BARNARD HILLEL
606 WEST 115TH STREETCHAPPAQUANY10514NONEPUBLICGENERAL$1,000
CONNECTICUT COLLEGE
270 MOHEGAN AVENUENEW LONDONCT06320NONEPUBLICGENERAL$1,000
GRAND ISLE RESCUE SQUAD
PO BOX 79GRANDE ISLEVT05458NONEPUBLICGENERAL$100
JED FOUNDATION
530 7TH AVENUE STE 801NEW YORKNY10018NONEPUBLICGENERAL$25,000
KIDS CLUB OF TARRYTOWN
PO BOX 8544TARRYTOWNNY10591NONEPUBLICGENERAL$500
LAGOND MUSIC SCHOOL
9 HAVEN STREETELMSFORDNY10523NONEPUBLICGENERAL$5,000
LEHIGH UNIVERSITY
27 MEMORIAL DRIVE WBETHLEHEMPA18015NONEPUBLICGENERAL$5,000
LIFTING UP WESTCHESTER
35 ORCHARD STREETWHITE PLAINSNY10603NONEPUBLICGENERAL$5,000
LOCAL MOTION INC
1 E STREET 103BURLINGTONVT05401NONEPUBLICGENERAL$250
MAKE A WISH AMERICA
1702 EAST HIGHLAND AVEPHOENIXAZ85016NONEPUBLICGENERAL$25,000STE 400
MAKING HEADWAY FOUNDATION
115 KING STREETCHAPPAQUANY10514NONEPUBLICGENERAL$1,000
MASS GENERAL HOSPITAL
125 NASHUA STBOSTONMA02114NONEPUBLICGENERAL$3,000SUITE 540
MEMORIAL SLOAN KETTERING
PO BOX 27106NEW YORKNY10087NONEPUBLICGENERAL$25,000
MUSICARES
3030 OLYMPIC BOULEVARDSANTA MONICACA90401NONEPUBLICGENERAL$5,000
MY SISTERS PLACE
3 BARKER AVENUEWHITE PLAINSNY10601NONEPUBLICGENERAL$2,500
NORTH HERO FIRE DEPT
PO BOX 132NORTH HEROVT05474NONEPUBLICGENERAL$150
NORTHERN WESTCHESTER HOSPITAL
400 EST MAIN STREETMOUNT KISCONY10549NONEPUBLICGENERAL$2,500
OPEN DOOR
165 MAIN STOSSININGNY10562NONEPUBLICGENERAL$515
TEMPLE BETH EL OF NORTHERN
220 S BEDFORD ROADCHAPPAQUANY10514NONEPUBLICGENERAL$12,285WESTCHESTER
UCSF FOUNDATION
PO BOX 45339SAN FRANCISCOCA94145NONEPUBLICGENERAL$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$148,550TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$491ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$27,776ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$56ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$28,323ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,323TotalIncomeProducingActyAmt

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 PersonMICHAEL BARBARA SATOWContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1C/O SILVERCREST 230 COURT SQUAREAddressLine1Txt
CityCHARLOTTESVILLECityNm
State AbbreviationVAStateAbbreviationCd
ZIP22902ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,607,606TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyMARKETABLE SECURITIESNoncashPropertyDesc
Fair Market Value$1,607,606FairMarketValueAmt
Received2023-12-07ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIESStockNm
EOY Book Value$2,702,765EOYBookValueAmt
EOYFMV$2,757,339EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
INVESTMENT EXPENSES$255$255
OTHER EXPENSES$100

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
FEDERAL EXCISE TAX$2,456
NYS FILING FEE$250

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