MONTROSE FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MONTROSE FOUNDATION (EIN 46-1602212)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-10-16
IRS object ID
202302899349100710
Schema version
2021v4.1
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)
Return2023-10-16T06:49:18-07:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Samuel Reinhold CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11764 49th StAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461602212EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MONTROSE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMONTBusinessNameControlTxt
Phone2014472525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 JUDITH LANEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES ROSENBERGPersonNm
Person TitleTrusteePersonTitleTxt
Signature2023-10-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHARLESPersonFirstNm
Person LastROSENBERGPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHENRY REINHOLDPreparerPersonNm
PTINP01391884PTIN
Phone7186502030PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,046,464FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$231,045ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$205InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$205InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$24,089DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,089DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$19,395NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$412,903GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,395CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$274,734TotalRevAndExpnssAmt
Total Net Invst Incm$43,689TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,000AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,010OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,010OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$10,010TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$10,010TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$299,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$299,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$309,410TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$10,010TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$299,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$34,676ExcessRevenueOverExpensesAmt
Net Investment Income$33,679NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$118,441SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$35,902SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$35,902SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$964,382CorporateStockBOYAmt
Corporate Stock EOY$1,011,514CorporateStockEOYAmt
Corporate Stock EOYFMV$1,010,562CorporateStockEOYFMVAmt
Total Assets BOY$1,082,823TotalAssetsBOYAmt
Total Assets EOY$1,047,416TotalAssetsEOYAmt
Total Assets EOYFMV$1,046,464TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,082,823RetainedEarningBOYAmt
Retained Earning EOY$1,047,416RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,082,823TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,047,416TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,082,823TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,047,416TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,082,823TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$34,676ExcessRevenueOverExpensesAmt
Subtotal$1,048,147SubtotalAmt
Other Decreases$731OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,047,416TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
LPLP2021-12-012022-11-30$401,252$393,508$7,744$7,744
LPLP2020-01-012022-11-30$11,349$11,349$11,349
LPLP2021-12-012022-11-30$302$302$302
FieldValueIRS element (for citing)
Capital Gain Net Income$19,395CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$8,046NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$468InvestmentIncomeExciseTaxAmt
Subtotal$468SubtotalAmt
Tax Based On Investment Income$468TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$750ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$750TotalPaymentsAndCreditsAmt
Overpayment$282OverpaymentAmt
Applied To ES Tax$282AppliedToESTaxAmt

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 Line1MALKA A ROSENBERGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2014472525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line139 LYNCREST DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MALKA A ROSENBERG
7963 LOVE LANEBOCA RATONFL33433Trustee0.00$0
CHARLES ROSENBERG
10 JUDITH LANEMONSEYNY10952Trustee0.00$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$1,051,600AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$80,184AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,131,784TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,131,784AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,977CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,114,807NetVlNoncharitableAssetsAmt
Minimum Investment Return$55,740MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$55,740MinimumInvestmentReturnAmt
Tax Based On Investment Income$468TaxBasedOnInvestmentIncomeAmt
Total Tax$468TotalTaxAmt
Distributable Before Adj$55,272DistributableBeforeAdjAmt
Distributable Before Ded$55,272DistributableBeforeDedAmt
Distributable As Adjusted$55,272DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$299,400ExpensesAndContributionsAmt
Qualifying Distributions$299,400QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$55,272DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,380ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$233,732ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$295,727ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$321,292ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$852,131TotalExcessDistributionCyovAmt
Qualifying Distributions$299,400QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$55,272AppliedToCurrentYearAmt
Remaining Distri From Corpus$244,128RemainingDistriFromCorpusAmt
Total Corpus$1,096,259TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,380ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,094,879ExcessDistriCyovToNextYrAmt
Excess From Year3$233,732ExcessFromYear3Amt
Excess From Year2$295,727ExcessFromYear2Amt
Excess From Year1$321,292ExcessFromYear1Amt
Excess From Current Year$244,128ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line139 LYNCREST DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeTO FURTHER JEWISH STUDIES AND CHARITABLE CAUSESGrantOrContributionPurposeTxt
Amt$299,400Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$299,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$205ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$24,089ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$19,395ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$43,689ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$43,689TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
MALKA A ROSENBERG
17963 LOVE LANEBOCA RATONFL33433$150,000Yes (X)
CHARLES ROSENBERG
210 JUDITH LANEMONSEYNY10952$81,045Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor2ContributorNum
Noncash Property480 SH VIGNoncashPropertyDesc
Fair Market Value$81,045FairMarketValueAmt
Received2021-12-23ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$3,000Amt
Net Investment Income$3,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (16 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
LVHD$92,141$101,349
VYM$95,898$126,531
USMV ISHARES EDGE
EITVX$80,271$93,360
EPLCX$91,264$106,319
LGLFX
SPYFX$65,698$60,483
LSFYX$64,949$60,455
ACGYX$63,801$50,527
GHQYX$63,139$53,453
LDCFX
PCBIX$88,922$84,171
TFGYX$64,493$53,688
FAB$63,972$62,113
LGLIX$97,472$82,502
SPMD$79,494$75,611

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescTAXESDesc
Amt$731Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$6,760$6,760
LICENSE & FEES$250$250

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