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BUCHMAN FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
BUCHMAN FOUNDATION INC (EIN 20-3038264)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-10-23
IRS object ID
202342969349100514
Schema version
2022v5.0
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)
Return2023-10-23T11:10:06-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN141788187PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lurie & Co CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1292 Washington Ave ExtAddressLine1Txt
CityAlbanyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12203ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203038264EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Buchman Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBUCHBusinessNameControlTxt
Phone8458535134PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line176 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonZoe B ZakPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-10-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstZoe BPersonFirstNm
Person LastZakPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMichael S LuriePreparerPersonNm
PTINP01072966PTIN
Phone5184564094PhoneNum

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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$794,133FMVAssetsEOYAmt
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$108InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$108InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$108InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$22,929DividendsRevAndExpnssAmt
Dividends Net Invst Incm$22,929DividendsNetInvstIncmAmt
Dividends Adj Net Incm$22,929DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$29,340NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$160,482GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$29,340CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$52,377TotalRevAndExpnssAmt
Total Net Invst Incm$52,377TotalNetInvstIncmAmt
Total Adj Net Incm$23,037TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$24,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,478AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,826TaxesRevAndExpnssAmt
Taxes Net Invst Incm$523TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$5,130OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,924OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$34,434TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,447TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$90,934TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,447TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,557ExcessRevenueOverExpensesAmt
Net Investment Income$46,930NetInvestmentIncomeAmt
Adjusted Net Income$23,037AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$965CashBOYAmt
Cash EOY$14,608CashEOYAmt
Cash EOYFMV$14,608CashEOYFMVAmt
Corporate Stock BOY$859,284CorporateStockBOYAmt
Corporate Stock EOY$807,084CorporateStockEOYAmt
Corporate Stock EOYFMV$779,525CorporateStockEOYFMVAmt
Total Assets BOY$860,249TotalAssetsBOYAmt
Total Assets EOY$821,692TotalAssetsEOYAmt
Total Assets EOYFMV$794,133TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$860,249NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$821,692NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$860,249TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$821,692TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$860,249TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$821,692TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$860,249TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,557ExcessRevenueOverExpensesAmt
Subtotal$821,692SubtotalAmt
Tot Net Ast Or Fund Balances EOY$821,692TotNetAstOrFundBalancesEOYAmt

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
Bernstein -see details attachedP2022-01-012022-11-01$19,423$22,554-$3,131-$3,131
Bernstein -see details attachedP2000-01-012022-11-01$141,043$108,588$32,455$32,455
Bernstein -see details attachedP2022-01-012022-03-09$16$16$16
FieldValueIRS element (for citing)
Capital Gain Net Income$29,340CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$3,115NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$652InvestmentIncomeExciseTaxAmt
Subtotal$652SubtotalAmt
Tax Based On Investment Income$652TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,340EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,340TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$5EsPenaltyAmt
Overpayment$683OverpaymentAmt
Applied To ES Tax$683AppliedToESTaxAmt

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 Line1Zoe ZakBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8458535134PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line176 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd
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
Zoe B Zak
76 S Jefferson AvenueCatskillNY12414President0.00$12,000
Angela OHara
26 S Jefferson AvenueCatskillNY12414Treasurer0.00$6,000
Deborah Buchman Stehr
1052 Blackwell RoadAnnapolisMD21403Secretary0.00$6,000
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1The Organization's primary purpose is to honor the memories of Louis and Natalie Buchman by distributing assets to one or more charitable organizations described in Sec 170(c), 2055(a), and 2522(a) of the Internal Revenue Code.Description1Txt
Expenses1$0Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$884,405AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$22,526AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$906,931TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$906,931AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,604CashDeemedCharitableAmt
Net Vl Noncharitable Assets$893,327NetVlNoncharitableAssetsAmt
Minimum Investment Return$44,666MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$44,666MinimumInvestmentReturnAmt
Tax Based On Investment Income$652TaxBasedOnInvestmentIncomeAmt
Total Tax$652TotalTaxAmt
Distributable Before Adj$44,014DistributableBeforeAdjAmt
Distributable Before Ded$44,014DistributableBeforeDedAmt
Distributable As Adjusted$44,014DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,500ExpensesAndContributionsAmt
Qualifying Distributions$56,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$44,014DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$347ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,634ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,848ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,424ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,799ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,052TotalExcessDistributionCyovAmt
Qualifying Distributions$56,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$44,014AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,486RemainingDistriFromCorpusAmt
Total Corpus$28,538TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$347ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$28,191ExcessDistriCyovToNextYrAmt
Excess From Year4$1,634ExcessFromYear4Amt
Excess From Year3$2,848ExcessFromYear3Amt
Excess From Year2$5,424ExcessFromYear2Amt
Excess From Year1$5,799ExcessFromYear1Amt
Excess From Current Year$12,486ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonZoe B ZakRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line126 S Jefferson AvenueAddressLine1Txt
CityCatskillCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12414ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8458535134RecipientPhoneNum
Form And Info And MaterialsThere is no predesignated application form or required formatFormAndInfoAndMaterialsTxt
Submission DeadlinesApplications are accepted at any timeSubmissionDeadlinesTxt
Restrictions On AwardsThe prospective grant recipient is required to be a 501c(3) charitable organization. The Board Members individually research organizations throughout the year and then meet annually to discuss which organizations will received distributions from the Foundation.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtRecipient RelationshipRecipientRelationshipTxt
Chabad Lubavitch of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral Fund$5,000
Jewish Federation of Northeastern N
184 Washington Avenue ExtAlbanyNY12203PCResources to help community needs$1,500
Temple Israel of Catskill
PO Box 607CatskillNY12414PCMusic Program$26,500Zoe Zak
Ravensbeard Wildlife Center
1679 Route 212SaugertiesNY12477PCTo serve the community's needs$500
Jewish Federation of Ulster County
159 Green Street 32KingstonNY12401PCResources to help the community needs$500
The Sage Colleges
45 Ferry StreetTroyNY12180PCTo support good work charities - Buchman Endowment Fund$10,000
The College of St Rose
432 Western AvenueAlbanyNY12203PCSecond Century Scholars$10,000
Ezra Uganda Assistance
11409 Hounds WayRockvilleMD20852PCGeneral Fund$1,000
Sivananda Ashram Yoga Ranch
500 Budd RoadWoodbourneNY12788PCSustainable living and earth care$500
AFL AM Friends of Libi Yahlom
2002 Beacon Street Suite 107BrightonMA02135PCGeneral fund$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$108ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,929ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$29,340RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$23,037ExclusionAmt
Related Or Exempt Function Incm$29,340RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$52,377TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number348LineNumberTxt
Relationship StatementTo distribute assets received from an estate and the related income produced by these assets to any one or more charitable organizationsRelationshipStatementTxt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$2,478Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank charges$60
Investment management fees$4,924$4,924
Office expenses$146

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
federal taxes$2,053
foreign taxes paid$523$523
NYS Dept of Law Filing Fees$250

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