BETA

NESHOMA FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
NESHOMA FOUNDATION (EIN 20-3987941)
Tax period
2021-12-01 to 2022-11-30
Filed
2023-10-15
IRS object ID
202322889349100702
Schema version
2021v4.2
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)
Return2023-10-15T12:02:45-04:00ReturnTs
Tax Period End2022-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHAWN KARP CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1459 BEACH 6TH STREETAddressLine1Txt
CityFar RockawayCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11691ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203987941EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NESHOMA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNESHBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11628 51ST STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL MELNICKEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7184715000PhoneNum
Signature2023-04-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHAELPersonFirstNm
Person LastMELNICKEPersonLastNm

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonShawn KarpPreparerPersonNm
PTINP01499259PTIN
Phone7186648829PhoneNum
Preparation2023-10-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
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$5,957,897FMVAssetsEOYAmt

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,421,459ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$2InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$2InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$36,889DividendsRevAndExpnssAmt
Dividends Net Invst Incm$36,889DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$70,619NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,182,883GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$70,619CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,528,969TotalRevAndExpnssAmt
Total Net Invst Incm$107,510TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,000AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$656TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$119,217OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$59,609OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$59,608OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$121,873TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$60,609TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$60,608TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$221,711ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$221,711ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$343,584TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$60,609TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$282,319TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,185,385ExcessRevenueOverExpensesAmt
Net Investment Income$46,901NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,629CashBOYAmt
Cash EOY$76,264CashEOYAmt
Cash EOYFMV$76,264CashEOYFMVAmt
Sav And Temp Cash Invst EOY$70,376SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$70,376SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$550,000AcctRcvblBOYAmt
Corporate Stock BOY$90,037CorporateStockBOYAmt
Corporate Stock EOY$3,206,911CorporateStockEOYAmt
Corporate Stock EOYFMV$5,811,257CorporateStockEOYFMVAmt
Other Investments BOY$1,517,500OtherInvestmentsBOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Total Assets BOY$2,168,166TotalAssetsBOYAmt
Total Assets EOY$3,353,551TotalAssetsEOYAmt
Total Assets EOYFMV$5,957,897TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$2,168,166CapitalStockBOYAmt
Retained Earning EOY$3,353,551RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,168,166TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,353,551TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,168,166TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,353,551TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,168,166TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,185,385ExcessRevenueOverExpensesAmt
Subtotal$3,353,551SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,353,551TotNetAstOrFundBalancesEOYAmt

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
THRU OPPENHEIMERP2013-07-162022-11-18$419,342$440,067-$20,725-$20,725
SALE OF INVESTMENTSP2019-11-012022-07-08$1,763,541$1,672,197$91,344$91,344
FieldValueIRS element (for citing)
Capital Gain Net Income$70,619CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$652InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$652SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$652TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,353EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,353TotalPaymentsAndCreditsAmt
Overpayment$701OverpaymentAmt
Applied To ES Tax$701AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
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 AddressNAWebsiteAddressTxt
Individual With BooksMICHAEL MELNICKEIndividualWithBooksNm
Phone7184715000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11637 50TH STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL MELNICKE
1637 50TH STREETBrooklynNY11204PRESIDENTDIRECTOR2.00$0$0$0
ISRAEL MELNICKE
1626 51ST STREETBrooklynNY11204DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NADescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NADescription1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$4,367,902AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,502AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,385,404TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$4,385,404AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$65,781CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,319,623NetVlNoncharitableAssetsAmt
Minimum Investment Return$215,981MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$215,981MinimumInvestmentReturnAmt
Tax Based On Investment Income$652TaxBasedOnInvestmentIncomeAmt
Total Tax$652TotalTaxAmt
Distributable Before Adj$215,329DistributableBeforeAdjAmt
Distributable Before Ded$215,329DistributableBeforeDedAmt
Distributable As Adjusted$215,329DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$282,319ExpensesAndContributionsAmt
Qualifying Distributions$282,319QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$215,329DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$276,102ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$76,403ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$291,105ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$161,751ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$204,485ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,009,846TotalExcessDistributionCyovAmt
Qualifying Distributions$282,319QualifyingDistributionsAmt
Applied To Current Year$215,329AppliedToCurrentYearAmt
Remaining Distri From Corpus$66,990RemainingDistriFromCorpusAmt
Total Corpus$1,076,836TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$276,102ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$800,734ExcessDistriCyovToNextYrAmt
Excess From Year4$76,403ExcessFromYear4Amt
Excess From Year3$291,105ExcessFromYear3Amt
Excess From Year2$161,751ExcessFromYear2Amt
Excess From Year1$204,485ExcessFromYear1Amt
Excess From Current Year$66,990ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMICHAEL MELNICKEContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE SCHEDULE ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1SEE SCHEDULE ATTACHEDAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeSEE FOOTNOTEGrantOrContributionPurposeTxt
Amt$221,711Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$221,711TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$36,889ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$70,619ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$107,510ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$107,510TotalIncomeProducingActyAmt

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 MELNICKEContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11637 50TH STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,421,459TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX RETURN PREPARATIONCategoryTxt
Amt$2,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,000DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockTHRU OPCOStockNm
EOY Book Value$3,206,911EOYBookValueAmt
EOYFMV$5,811,257EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemINVESTMENTSCategoryOrItemTxt
Book Value$0BookValueAmt
EOYFMV$0EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES$59,265$29,633$0$29,632
INTEREST EXPENSE$59,952$29,976$0$29,976

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL EXCISE TAXCategoryTxt
Amt$656Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Comments

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