HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
HERTZ AND LIBBY HASENFELD CHARITABLE FOUNDATION TR (EIN 11-6579799)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-25
IRS object ID
202303299349100600
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)
Return2023-11-25T19:40:54-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132916085PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Morris Teichman & Co PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 WEST 45TH STREET STE 1102AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN116579799EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1HERTZ AND LIBBY HASENFELD CHARITABLEBusinessNameLine1Txt
Business Name Line2FOUNDATION TRBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlHERTBusinessNameControlTxt
Phone7184368141PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHERTZ HASENFELDPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHERTZPersonFirstNm
Person LastHASENFELDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTISYAHU TEICHMANPreparerPersonNm
PTINP00448754PTIN
Phone2127269192PhoneNum

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$626,401FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$305,501ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$36InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$36InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$36InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$8,954DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,954DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,954DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,432NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$160,000GrossSalesPriceAmt
Total Rev And Expnss$313,059TotalRevAndExpnssAmt
Total Net Invst Incm$8,990TotalNetInvstIncmAmt
Total Adj Net Incm$8,990TotalAdjNetIncmAmt
Taxes Rev And Expnss$600TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$100TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$600TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$100TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$478,885ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$478,885ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$479,485TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$478,985TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$166,426ExcessRevenueOverExpensesAmt
Net Investment Income$8,990NetInvestmentIncomeAmt
Adjusted Net Income$8,990AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$699,292SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$512,866SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$512,866SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$20,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY$20,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$20,000OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock BOY$85,293CorporateStockBOYAmt
Corporate Stock EOY$85,293CorporateStockEOYAmt
Corporate Stock EOYFMV$93,535CorporateStockEOYFMVAmt
Total Assets BOY$784,585TotalAssetsBOYAmt
Total Assets EOY$618,159TotalAssetsEOYAmt
Total Assets EOYFMV$626,401TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$784,585NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$618,159NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$784,585TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$618,159TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$784,585TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$618,159TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$784,585TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$166,426ExcessRevenueOverExpensesAmt
Subtotal$618,159SubtotalAmt
Tot Net Ast Or Fund Balances EOY$618,159TotNetAstOrFundBalancesEOYAmt

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
JPM MANAGED INCOME FD - USD - L FUNDP2022-12-312022-09-20$110,000$110,999-$999-$999
JPM MANAGED INCOME FD - USD - L FUNDP2022-12-312022-11-22$50,000$50,433-$433-$433
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,432CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$1,432NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$125InvestmentIncomeExciseTaxAmt
Subtotal$125SubtotalAmt
Tax Based On Investment Income$125TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$106EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$750ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$856TotalPaymentsAndCreditsAmt
Overpayment$731OverpaymentAmt
Applied To ES Tax$731AppliedToESTaxAmt

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 Line1LIBBY HASENFELDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2125750290PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
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
HERTZ HASENFELD
1459 54TH STREETBROOKLYNNY11219President0.00$0
LIBBY HASENFELD
1459 54TH STREETBROOKLYNNY11219Secretary0.00$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$94,412AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$639,732AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$734,144TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$734,144AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,012CashDeemedCharitableAmt
Net Vl Noncharitable Assets$723,132NetVlNoncharitableAssetsAmt
Minimum Investment Return$36,157MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$36,157MinimumInvestmentReturnAmt
Tax Based On Investment Income$125TaxBasedOnInvestmentIncomeAmt
Total Tax$125TotalTaxAmt
Distributable Before Adj$36,032DistributableBeforeAdjAmt
Distributable Before Ded$36,032DistributableBeforeDedAmt
Distributable As Adjusted$36,032DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$478,985ExpensesAndContributionsAmt
Qualifying Distributions$478,985QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$36,032DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$216,300ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$265,256ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$257,202ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$262,262ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$326,566ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,327,586TotalExcessDistributionCyovAmt
Qualifying Distributions$478,985QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$36,032AppliedToCurrentYearAmt
Remaining Distri From Corpus$442,953RemainingDistriFromCorpusAmt
Total Corpus$1,770,539TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$216,300ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,554,239ExcessDistriCyovToNextYrAmt
Excess From Year4$265,256ExcessFromYear4Amt
Excess From Year3$257,202ExcessFromYear3Amt
Excess From Year2$262,262ExcessFromYear2Amt
Excess From Year1$326,566ExcessFromYear1Amt
Excess From Current Year$442,953ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonHERTZ HASENFELDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11459 54TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Form And Info And MaterialsGENERAL INFORMATION REGARDING ORGANIZATION AND TELEPHONE NUMBERFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSee Schedule AttachedRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1C/O ORGANIZATIONAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNONERecipientRelationshipTxt
Recipient Foundation StatusEXEMPTRecipientFoundationStatusTxt
Grant Or Contribution PurposeUNRESTRICTED GENERAL SUPPORTGrantOrContributionPurposeTxt
Amt$478,885Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$478,885TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$36RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8,954RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,432RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,558RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$7,558TotalIncomeProducingActyAmt

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 ContributionPersonContributionInd
HERTZ LIBBY HASENFELD
11459 54TH STREETBROOKLYNNY11219$196,855Yes (X)
HASENFELD-STEIN INC
2580 5TH AVENUENEW YORKNY10036$108,333Yes (X)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
Stock1,300 Shares BRISTOL-MYERS SQUIBBStockNm
EOY Book Value$85,293EOYBookValueAmt
EOYFMV$93,535EOYFMVAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1INTEREST FREE LOANSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$20,000BalanceDueAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL EXCISE TAX$500
NYS FILING FEE$100$100

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