BETA

THE KATZ FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE KATZ FOUNDATION INC (EIN 13-3320975)
Tax period
2023-08-01 to 2024-07-31
Filed
2024-11-14
IRS object ID
202433199349100133
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)
Return2024-11-14T05:59:35-08:00ReturnTs
Tax Period End2024-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133358774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1126 Spruce StreetAddressLine1Txt
CityCedarhurstCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133320975EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KATZ FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKATZBusinessNameControlTxt
Phone2019280226PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11118 WARREN STREETAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAVI KATZPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-11-14SignatureDt
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 PersonChaim GutweinPreparerPersonNm
PTINP01919029PTIN
Phone2122211140PhoneNum
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$328,760FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$46,412ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$158InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$158InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$46,570TotalRevAndExpnssAmt
Total Net Invst Incm$158TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,060AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,530AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,530AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$293OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$16OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$277OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$3,353TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,546TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,807TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$65,135ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$65,135ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$68,488TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,546TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$66,942TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$21,918ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$71,096CashBOYAmt
Cash EOY$53,657CashEOYAmt
Cash EOYFMV$53,657CashEOYFMVAmt
Mortgage Loans BOY$10,675MortgageLoansBOYAmt
Mortgage Loans EOY$7,545MortgageLoansEOYAmt
Mortgage Loans EOYFMV$7,545MortgageLoansEOYFMVAmt
Other Investments BOY$202,153OtherInvestmentsBOYAmt
Other Investments EOY$205,760OtherInvestmentsEOYAmt
Other Investments EOYFMV$267,558OtherInvestmentsEOYFMVAmt
Total Assets BOY$283,924TotalAssetsBOYAmt
Total Assets EOY$266,962TotalAssetsEOYAmt
Total Assets EOYFMV$328,760TotalAssetsEOYFMVAmt
Accounts Payable EOY$2,349AccountsPayableEOYAmt
Total Liabilities EOY$2,349TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$283,924NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$264,613NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$283,924TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$264,613TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$283,924TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$266,962TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$283,924TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$21,918ExcessRevenueOverExpensesAmt
Other Increases$2,607OtherIncreasesAmt
Subtotal$264,613SubtotalAmt
Tot Net Ast Or Fund Balances EOY$264,613TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Due$0TaxDueAmt
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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
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 Line1AVI KATZBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2019280226PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11118 WARREN STREETAddressLine1Txt
CityNEW MILFORDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07646ZIPCd
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
AVI KATZ
1118 WARREN STREETNEW MILFORDNJ07646President5.00$0
NADINE KATZ
1118 WARREN STREETNEW MILFORDNJ07646Secretary5.00$0
SHIMON Y KATZ
4750 PALISADES AVENUERIVERDALENY10471Vice President5.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$233,283AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$64,359AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$297,642TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$297,642AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,465CashDeemedCharitableAmt
Net Vl Noncharitable Assets$293,177NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,659MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,659MinimumInvestmentReturnAmt
Distributable Before Adj$14,659DistributableBeforeAdjAmt
Distributable Before Ded$14,659DistributableBeforeDedAmt
Distributable As Adjusted$14,659DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$66,942ExpensesAndContributionsAmt
Qualifying Distributions$66,942QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,659DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$21,300ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$104,285ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$101,876ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$45,021ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$272,482TotalExcessDistributionCyovAmt
Qualifying Distributions$66,942QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$14,659AppliedToCurrentYearAmt
Remaining Distri From Corpus$52,283RemainingDistriFromCorpusAmt
Total Corpus$324,765TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$21,300ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$303,465ExcessDistriCyovToNextYrAmt
Excess From Year3$104,285ExcessFromYear3Amt
Excess From Year2$101,876ExcessFromYear2Amt
Excess From Year1$45,021ExcessFromYear1Amt
Excess From Current Year$52,283ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ALEPHBETORG
3 EAST EVERGREEN RDNEW CITYNY10956NONEExemptCHARITABLE$180
FRIENDS OF HATZALAH
442 5TH AVENEW YORKNY10018NONEExemptCHARITABLE$11,600
RIVERDALE FRIENDS OF HATZ
3700 Independence AvenueRIVERDALENY10463NONEExemptCHARITABLE$1,000
STAND WITH US
PO BOX 341069LOS ANGELESCA90034NONEExemptCHARITABLE$669
ARZEI LEVANON
2103 CHAPEL AVE WCHERRY HILLNJ08002NONEExemptCHARITABLE$549
AMIT CHILDREN INC
49 West 37th StreetNEW YORKNY10018NONEexemptCharitable$180
PROJECT SUNSHINE
211 EAST 43RD STREETNEW YORKNY10017NONEexemptCharitable$1,800
GOOD PEOPLE FUND
384 WYOMING AVENUEMILBURNNJ07041NONEexemptCharitable$1,000
CHABAD TERROR VICTIMS PROJECT INC
478 ALBANY AVENUE 136NEW YORKNY11203NONEEXEMPTCHARITABLE$10,000
ZAKA
622 E 8TH STBROOKLYNNY11218NONEexemptCHARITABLE$5,000
SEPHARDIC HERITAGE MUSEUM INC
25 WEST 39TH STREET - 11TH FLOORNEW YORKNY10018NONEEXEMPTCHARITABLE$5,000
JEWISH STORY PARTNERS
546 ALANDELE AVELOS ANGELESCA90036NONEEXEMPTCHARITABLE$1,800
ALS UNITED GREATER NEW YORK
42 BROADWAYNew YorkNY10004NONEEXEMPTCHARITABLE$185
ISRALIGHT SOUTH FLORIDA INC
9687 PAVAROTTI TERRACEBOYNTON BEACHFL33437NONEEXEMPTCHARITABLE$750
CONGREGATION SHOMREI TORAH
2600 BENNETT VALLEY RDSANTA ROSACA95404NONEEXEMPTCHARITABLE$3,708
INTREPID FALLEN HEROES FUND
1 INTREPID SQNEW YORKNY10036NONEEXEMPTCHARITABLE$10,000
YOUNG ISRAEL OF HOLLYWOOD INC
3291 STIRLING RDFT LAUDERDALEFL33312NONEEXEMPTCHARITABLE$2,884
various
1118 WARREN STREETNEW MILFORDNJ07646NONEEXEMPTCHARITABLE$8,830
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$65,135TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$158ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$158ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$158TotalIncomeProducingActyAmt

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 PersonSHIMON KATZContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line14750 PALISADES AVEAddressLine1Txt
CityRIVERDALECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10471ZIPCd
FieldValueIRS element (for citing)
Total Contributions$46,412TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccounting FeesCategoryTxt
Amt$3,060Amt
Net Investment Income$1,530NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,530DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$16$16
SUPPLIES$277$277

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.