BWETA FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
BWETA FAMILY FOUNDATION (EIN 13-4020892)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202521329349101107
Schema version
2024v5.1
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)
Return2025-05-12T07:17:48-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134020892EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BWETA FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBWETBusinessNameControlTxt
Phone2122211140PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O J EZRA 131 MERCER ST PHBAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10012ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAMIL EZRAPersonNm
Person TitleTrusteePersonTitleTxt
Signature2025-05-12SignatureDt
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 PersonBenjamin BergerPreparerPersonNm
PTINP00236799PTIN
Phone2122211140PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,128,580FMVAssetsEOYAmt
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$48InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$48InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$17,640DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,640DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$283,103NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$438,913GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$283,103CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$300,791TotalRevAndExpnssAmt
Total Net Invst Incm$300,791TotalNetInvstIncmAmt
Taxes Rev And Expnss$2,187TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,187TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$45,853OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$45,503OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$350OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$48,040TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$47,690TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$350TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$103,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$103,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$151,040TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$47,690TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$103,350TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$149,751ExcessRevenueOverExpensesAmt
Net Investment Income$253,101NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$9,759CashBOYAmt
Cash EOY$19,727CashEOYAmt
Cash EOYFMV$19,727CashEOYFMVAmt
Sav And Temp Cash Invst BOY$6,122SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,291SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,291SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$307,047CorporateStockBOYAmt
Corporate Stock EOY$447,466CorporateStockEOYAmt
Corporate Stock EOYFMV$911,839CorporateStockEOYFMVAmt
Other Assets BOY$191,716OtherAssetsBOYAmt
Other Assets EOY$191,723OtherAssetsEOYAmt
Other Assets EOYFMV$191,723OtherAssetsEOYFMVAmt
Total Assets BOY$514,644TotalAssetsBOYAmt
Total Assets EOY$664,207TotalAssetsEOYAmt
Total Assets EOYFMV$1,128,580TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$514,644RetainedEarningBOYAmt
Retained Earning EOY$664,207RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$514,644TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$664,207TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$514,644TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$664,207TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$514,644TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$149,751ExcessRevenueOverExpensesAmt
Other Increases$488OtherIncreasesAmt
Subtotal$664,883SubtotalAmt
Other Decreases$676OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$664,207TotNetAstOrFundBalancesEOYAmt

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
LPL FINANCIALP2024-01-012024-12-31$2,532$2,498$34$34
LPL FINANCIALP2023-01-012024-12-31$436,381$153,312$283,069$283,069
FieldValueIRS element (for citing)
Capital Gain Net Income$283,103CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$34NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,518InvestmentIncomeExciseTaxAmt
Subtotal$3,518SubtotalAmt
Tax Based On Investment Income$3,518TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$82EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$82TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$13EsPenaltyAmt
Tax Due$3,449TaxDueAmt
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 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 AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1BERNATH & ROSENBERG PCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2122211140PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1126 SPRUCE STREETAddressLine1Txt
CityCEDARHURSTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd
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
JAMIL EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$0
BENJAMIN JOSEPH EZRA
131 MERCER ST PHBNEW YORKNY10012Trustee0.00$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$957,124AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,785AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$191,723FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,166,632TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,166,632AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,499CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,149,133NetVlNoncharitableAssetsAmt
Minimum Investment Return$57,457MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$57,457MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,518TaxBasedOnInvestmentIncomeAmt
Total Tax$3,518TotalTaxAmt
Distributable Before Adj$53,939DistributableBeforeAdjAmt
Distributable Before Ded$53,939DistributableBeforeDedAmt
Distributable As Adjusted$53,939DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$103,350ExpensesAndContributionsAmt
Qualifying Distributions$103,350QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$53,939DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$9,230ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$22,886ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$18,116ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$3,938ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$54,170TotalExcessDistributionCyovAmt
Qualifying Distributions$103,350QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$53,939AppliedToCurrentYearAmt
Remaining Distri From Corpus$49,411RemainingDistriFromCorpusAmt
Total Corpus$103,581TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$9,230ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$94,351ExcessDistriCyovToNextYrAmt
Excess From Year3$22,886ExcessFromYear3Amt
Excess From Year2$18,116ExcessFromYear2Amt
Excess From Year1$3,938ExcessFromYear1Amt
Excess From Current Year$49,411ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN SEPHARDI FEDERATIONS
15 WEST 16TH STREETNEW YORKNY10011NONEEXEMPTCHARITABLE$25,000
BROOKLYN YOUTH SPORTS CLUB
9 Wyckoff St 1BROOKLYNNY11201NONEEXEMPTCHARITABLE$7,600
FIDELITY CHARITABLE GIFT FUND
100 CROSBY PARKWAYCOVINGTONKY41015NONEEXEMPTCHARITABLE$60,000
CHABAD OF SOUTH BRONX
452 E 145th StBRONXNY10454NONEEXEMPTCHARITABLE$5,000
CHABAD OF NORTH BROOKLYN
132 N 5TH ST 2CBROOKLYNNY11249NONEEXEMPTCHARITABLE$5,400
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$103,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$48ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,640ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$283,103ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$300,791ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$300,791TotalIncomeProducingActyAmt

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

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescBRIDGE MULTIFAMILYDesc
BOY Book Value$153,762BOYBookValueAmt
EOY Book Value$191,723EOYBookValueAmt
EOYFMV$191,723EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TO TAX ADJUSTMENTDesc
Amt$676Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BAD DEBT$37,954$37,954
BANK CHARGES$530$530
Filing Fee$350$350
INVESTMENT & ADVISORY FEES$7,019$7,019

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNON-DIVIDEND DISTRIBUTIONSDesc
Amt$488Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Categoryforeign taxCategoryTxt
Amt$2,187Amt
Net Investment Income$2,187NetInvestmentIncomeAmt

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