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BUCHMAN FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
BUCHMAN FOUNDATION INC (EIN 20-3038264)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-05
IRS object ID
202433109349100333
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)
Return2024-11-05T07:46:14-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141788187PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lurie & Co CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1292 Washington Ave ExtAddressLine1Txt
CityAlbanyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12203ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203038264EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Buchman Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUCHBusinessNameControlTxt
Phone8458535134PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line176 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonZoe B ZakPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-10-30SignatureDt
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 PersonMichael S LuriePreparerPersonNm
PTINP01072966PTIN
Phone5184564094PhoneNum
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$849,196FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$272InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$272InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$272InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$21,157DividendsRevAndExpnssAmt
Dividends Net Invst Incm$21,157DividendsNetInvstIncmAmt
Dividends Adj Net Incm$21,157DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$28,222NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$134,128GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$28,222CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$49,651TotalRevAndExpnssAmt
Total Net Invst Incm$49,651TotalNetInvstIncmAmt
Total Adj Net Incm$21,429TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$24,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,600AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$869TaxesRevAndExpnssAmt
Taxes Net Invst Incm$869TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,634OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,431OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$32,103TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,300TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$47,360ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,360ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$79,463TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,300TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,360TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$29,812ExcessRevenueOverExpensesAmt
Net Investment Income$44,351NetInvestmentIncomeAmt
Adjusted Net Income$21,429AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,608CashBOYAmt
Cash EOY$6,508CashEOYAmt
Cash EOYFMV$6,508CashEOYFMVAmt
Corporate Stock BOY$807,084CorporateStockBOYAmt
Corporate Stock EOY$785,372CorporateStockEOYAmt
Corporate Stock EOYFMV$842,688CorporateStockEOYFMVAmt
Total Assets BOY$821,692TotalAssetsBOYAmt
Total Assets EOY$791,880TotalAssetsEOYAmt
Total Assets EOYFMV$849,196TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$821,692NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$791,880NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$821,692TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$791,880TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$821,692TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$791,880TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$821,692TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$29,812ExcessRevenueOverExpensesAmt
Subtotal$791,880SubtotalAmt
Tot Net Ast Or Fund Balances EOY$791,880TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Bernstein -see details attachedP2023-02-212023-08-21$14,540$14,865-$325-$325
Bernstein -see details attachedP2000-01-012023-12-31$119,588$91,041$28,547$28,547
FieldValueIRS element (for citing)
Capital Gain Net Income$28,222CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$325NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$616InvestmentIncomeExciseTaxAmt
Subtotal$616SubtotalAmt
Tax Based On Investment Income$616TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$683EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$683TotalPaymentsAndCreditsAmt
Overpayment$67OverpaymentAmt
Applied To ES Tax$67AppliedToESTaxAmt

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 Line1Zoe ZakBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8458535134PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line176 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Zoe B Zak
76 S Jefferson AvenueCatskillNY12414President0.00$12,000
Angela OHara
26 S Jefferson AvenueCatskillNY12414Treasurer0.00$6,000
Deborah Buchman Stehr
1052 Blackwell RoadAnnapolisMD21403Secretary0.00$6,000
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1The Organization's primary purpose is to honor the memories of Louis and Natalie Buchman by distributing assets to one or more charitable organizations described in Sec 170(c), 2055(a), and 2522(a) of the Internal Revenue Code.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$806,048AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,597AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$824,645TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$824,645AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,370CashDeemedCharitableAmt
Net Vl Noncharitable Assets$812,275NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,614MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,614MinimumInvestmentReturnAmt
Tax Based On Investment Income$616TaxBasedOnInvestmentIncomeAmt
Total Tax$616TotalTaxAmt
Distributable Before Adj$39,998DistributableBeforeAdjAmt
Distributable Before Ded$39,998DistributableBeforeDedAmt
Distributable As Adjusted$39,998DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,360ExpensesAndContributionsAmt
Qualifying Distributions$47,360QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$39,998DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,634ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,848ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$5,424ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,799ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$12,486ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$28,191TotalExcessDistributionCyovAmt
Qualifying Distributions$47,360QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$39,998AppliedToCurrentYearAmt
Remaining Distri From Corpus$7,362RemainingDistriFromCorpusAmt
Total Corpus$35,553TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,634ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$33,919ExcessDistriCyovToNextYrAmt
Excess From Year4$2,848ExcessFromYear4Amt
Excess From Year3$5,424ExcessFromYear3Amt
Excess From Year2$5,799ExcessFromYear2Amt
Excess From Year1$12,486ExcessFromYear1Amt
Excess From Current Year$7,362ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonZoe B ZakRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line126 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8458535134RecipientPhoneNum
Form And Info And MaterialsThere is no predesignated application form or required formatFormAndInfoAndMaterialsTxt
Submission DeadlinesApplications are accepted at any timeSubmissionDeadlinesTxt
Restrictions On AwardsThe prospective grant recipient is required to be a 501c(3) charitable organization. The Board Members individually research organizations throughout the year and then meet annually to discuss which organizations will received distributions from the Foundation.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (16 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Temple Israel of Catskill
PO Box 607CatskillNY12414Zoe ZakPCGeneral Fund$10,000
Chabad Lubavitch of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral Fund$1,000
Chabad Lubavitch of Ulster County
254 Lucas AvenueKingstonNY12401PCServing the community's needs$1,000
Jewish Federation of Northeastern N
184 Washington Avenue ExtAlbanyNY12203PCResources to help community needs$1,000
Chabad Lubavitch of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral fund$1,000
Temple Israel of Catskill
PO Box 607CatskillNY12414Zoe ZakPCMusic Program$8,000
Ravensbeard Wildlife Center
1679 Route 212SaugertiesNY12477PCTo serve the community's needs$500
Chabad Lubacitch of Ulster County
254 Lucas AvenueKingstonNY12401PCMikvah$1,000
Jewish Federation of Ulster County
159 Green Street 32KingstonNY12401PCResources to help the community needs$1,000
The Sage Colleges
45 Ferry StreetTroyNY12180PCTo support good work charities - Buchman Endowment Fund$10,000
Ezrath Israel Chabad of Ellenville
31 Center StreetEllenvilleNY12428PCGeneral fund$1,000
Jewish Federation of Ulster county
159 Green Street 32KingstonNY12401PCGeneral Fund$1,000
Temple Israel of Catskill
PO Box 607CatskillNY12414PCMemorial Fund$10,000
Chabbad of Woodstock
60 Witchtree RdWoodstockNY12498PCGeneral fund$180
Chabbad of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral Fund$500
Chabbad of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral Fund$180
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$47,360TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$272ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,157ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$28,222RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$21,429ExclusionAmt
Related Or Exempt Function Incm$28,222RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$49,651TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number348LineNumberTxt
Relationship StatementTo distribute assets received from an estate and the related income produced by these assets to any one or more charitable organizationsRelationshipStatementTxt

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)
Categorytax preparation feesCategoryTxt
Amt$2,600Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank charges$37
Investment management fees$4,431$4,431
Office expenses$166

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Categoryforeign taxes paidCategoryTxt
Amt$869Amt
Net Investment Income$869NetInvestmentIncomeAmt

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