YSF FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: YSF FOUNDATION (EIN 11-3271689)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-14
IRS object ID: 202433199349105018
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
Accounting Fees Schedule
Other Assets Schedule
Other Income Schedule2
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-14T14:21:05-08:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113447161	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	JOSEPH FURST CPA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1244 49TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	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	113271689	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YSF FOUNDATION	BusinessNameLine1Txt
Business Name Line2	CO J FURST	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	YSFF	BusinessNameControlTxt
Phone	7188719120	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1244 49TH STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11219	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SAMUEL FINKELSTEIN	PersonNm
Person Title	Treasurer	PersonTitleTxt
Signature	2024-11-14	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	Joseph Furst	PreparerPersonNm
PTIN	P00622792	PTIN
Phone	7188719120	PhoneNum
Self Employed	Yes (X)	SelfEmployedInd

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	$995,000	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Other Income Rev And Expnss	$132,907	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$132,907	OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm	$132,907	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$132,907	TotalRevAndExpnssAmt
Total Net Invst Incm	$132,907	TotalNetInvstIncmAmt
Total Adj Net Incm	$132,907	TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss	$900	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$450	AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm	$450	AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss	$100	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$50	TaxesNetInvstIncmAmt
Taxes Adj Net Incm	$50	TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$1,000	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$500	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm	$500	TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$250,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$250,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$251,000	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$500	TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm	$500	TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl	$250,000	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$118,093	ExcessRevenueOverExpensesAmt
Net Investment Income	$132,407	NetInvestmentIncomeAmt
Adjusted Net Income	$132,407	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Other Assets BOY	$680,025	OtherAssetsBOYAmt
Other Assets EOY	$562,832	OtherAssetsEOYAmt
Other Assets EOYFMV	$995,000	OtherAssetsEOYFMVAmt
Total Assets BOY	$680,025	TotalAssetsBOYAmt
Total Assets EOY	$562,832	TotalAssetsEOYAmt
Total Assets EOYFMV	$995,000	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$680,025	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$562,832	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$680,025	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$562,832	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$680,025	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$562,832	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$680,025	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$118,093	ExcessRevenueOverExpensesAmt
Subtotal	$561,932	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$561,932	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$1,840	InvestmentIncomeExciseTaxAmt
Subtotal	$1,840	SubtotalAmt
Tax Based On Investment Income	$1,840	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$157	EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid	$1,800	ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits	$1,957	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$75	EsPenaltyAmt
Overpayment	$42	OverpaymentAmt
Applied To ES Tax	$42	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	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
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	J FURST	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7188719120	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1244 49TH ST	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11230	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 (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
Nachum Finkelstein
411 Ave F	BROOKLYN	NY	11218	Trustee	0.00	$0
SAMUEL FINKELSTEIN
501 AVE F	BROOKLYN	NY	11218	Trustee	0.00	$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

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	$995,000	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$995,000	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$995,000	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$14,925	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$980,075	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$49,004	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$49,004	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$1,840	TaxBasedOnInvestmentIncomeAmt
Total Tax	$1,840	TotalTaxAmt
Distributable Before Adj	$47,164	DistributableBeforeAdjAmt
Distributable Before Ded	$47,164	DistributableBeforeDedAmt
Distributable As Adjusted	$47,164	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$250,000	ExpensesAndContributionsAmt
Qualifying Distributions	$250,000	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$47,164	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$37,636	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$44,665	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$58,946	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$98,968	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$81,257	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$321,472	TotalExcessDistributionCyovAmt
Qualifying Distributions	$250,000	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$47,164	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$202,836	RemainingDistriFromCorpusAmt
Total Corpus	$524,308	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$37,636	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$486,672	ExcessDistriCyovToNextYrAmt
Excess From Year4	$44,665	ExcessFromYear4Amt
Excess From Year3	$58,946	ExcessFromYear3Amt
Excess From Year2	$98,968	ExcessFromYear2Amt
Excess From Year1	$81,257	ExcessFromYear1Amt
Excess From Current Year	$202,836	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	YESHIVA GEDOLAH OF BAYONNE	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	735 AVE C	AddressLine1Txt
City	BAYONNE	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07002	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	None	RecipientRelationshipTxt
Recipient Foundation Status	501C3	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	EDUCATION	GrantOrContributionPurposeTxt
Amt	$250,000	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$250,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	409 realty corp	Desc
Exclusion	14	ExclusionCd
Exclusion	$132,907	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	$132,907	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$132,907	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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Amt	$900	Amt
Net Investment Income	$450	NetInvestmentIncomeAmt
Adjusted Net Income	$450	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Field	Value	IRS element (for citing)
Desc	Investment in 409 Realty Corp.	Desc
BOY Book Value	$680,025	BOYBookValueAmt
EOY Book Value	$562,832	EOYBookValueAmt
EOYFMV	$995,000	EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	409 realty corp	Desc
Revenue And Expenses Per Books	$132,907	RevenueAndExpensesPerBooksAmt
Net Investment Income	$132,907	NetInvestmentIncomeAmt
Adjusted Net Income	$132,907	AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	state	CategoryTxt
Amt	$100	Amt
Net Investment Income	$50	NetInvestmentIncomeAmt
Adjusted Net Income	$50	AdjustedNetIncomeAmt

YSF 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 (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Other Revenue Described OtherRevenueDescribedGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Comments