IRONTOWN FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
IRONTOWN FOUNDATION (EIN 20-8095898)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-15
IRS object ID
202531359349103503
Schema version
2023v6.0
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)
Return2025-05-15T13:29:53-04:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200538555PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KOHLHAGEN NEIMAN & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1297 SOUTH WASHINGTON AVE - SUITE 2AddressLine1Txt
CityBERGENFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP076213789ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208095898EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IRONTOWN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIRONBusinessNameControlTxt
Phone2013851100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11350 E 22ND STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAY EISENSTADTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2013851100PhoneNum
Signature2025-05-14SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISRAEL M NEIMAN CPAPreparerPersonNm
PTINP00362553PTIN
Phone2013851100PhoneNum
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$490,019FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$95,400ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$256InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$256InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$4,685DividendsRevAndExpnssAmt
Dividends Net Invst Incm$4,685DividendsNetInvstIncmAmt
Other Income Rev And Expnss-$14,686OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$85,655TotalRevAndExpnssAmt
Total Net Invst Incm$4,941TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,200AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$300AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$125TaxesRevAndExpnssAmt
Taxes Net Invst Incm$125TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$954OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$954OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,579TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,279TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$300TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$141,754ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$141,754ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$146,333TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,279TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$142,054TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$60,678ExcessRevenueOverExpensesAmt
Net Investment Income$662NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$208,975CashBOYAmt
Cash EOY$122,923CashEOYAmt
Cash EOYFMV$122,918CashEOYFMVAmt
Corporate Stock BOY$27,400CorporateStockBOYAmt
Corporate Stock EOY$27,299CorporateStockEOYAmt
Corporate Stock EOYFMV$32,101CorporateStockEOYFMVAmt
Other Assets BOY$396,377OtherAssetsBOYAmt
Other Assets EOY$421,845OtherAssetsEOYAmt
Other Assets EOYFMV$335,000OtherAssetsEOYFMVAmt
Total Assets BOY$632,752TotalAssetsBOYAmt
Total Assets EOY$572,067TotalAssetsEOYAmt
Total Assets EOYFMV$490,019TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$632,752RetainedEarningBOYAmt
Retained Earning EOY$572,067RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$632,752TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$572,067TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$632,752TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$572,067TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$632,752TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$60,678ExcessRevenueOverExpensesAmt
Subtotal$572,074SubtotalAmt
Other Decreases$7OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$572,067TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$9InvestmentIncomeExciseTaxAmt
Subtotal$9SubtotalAmt
Tax Based On Investment Income$9TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$42EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$42TotalPaymentsAndCreditsAmt
Overpayment$33OverpaymentAmt
Applied To ES Tax$33AppliedToESTaxAmt

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 Line1KOHLHAGEN NEIMAN & COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2013851100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1297 S WASHINGTON AVEAddressLine1Txt
CityBERGENFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07621ZIPCd
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
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
JAY EISENSTADT
1350 E 22ND STBROOKLYNNY11210PRESIDENT0.20$0$0$0
DESIREE EISENSTADT
1350 E 22ND STBROOKLYNNY11210VP0.10$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$30,398AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$165,947AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$335,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$531,345TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$531,345AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,970CashDeemedCharitableAmt
Net Vl Noncharitable Assets$523,375NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,169MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$26,169MinimumInvestmentReturnAmt
Tax Based On Investment Income$9TaxBasedOnInvestmentIncomeAmt
Total Tax$9TotalTaxAmt
Distributable Before Adj$26,160DistributableBeforeAdjAmt
Distributable Before Ded$26,160DistributableBeforeDedAmt
Distributable As Adjusted$26,160DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$142,054ExpensesAndContributionsAmt
Qualifying Distributions$142,054QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,160DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$67,522ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$57,018ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$345,337ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$409,695ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$879,572TotalExcessDistributionCyovAmt
Qualifying Distributions$142,054QualifyingDistributionsAmt
Applied To Current Year$26,160AppliedToCurrentYearAmt
Remaining Distri From Corpus$115,894RemainingDistriFromCorpusAmt
Total Corpus$995,466TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$67,522ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$927,944ExcessDistriCyovToNextYrAmt
Excess From Year3$57,018ExcessFromYear3Amt
Excess From Year2$345,337ExcessFromYear2Amt
Excess From Year1$409,695ExcessFromYear1Amt
Excess From Current Year$115,894ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VARIOUS - AVAILABLE UPON REQUESTBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11350 E 22ND STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$141,754Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$141,754TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$256ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,685ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
GPARENCY LLC18-$7,495
TIFERES VENTURES18-$19
OTHER18-$7,172

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$9,745ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$9,745TotalIncomeProducingActyAmt

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
JAY DESIREE EISENSTADT
11350 EAST 22ND STBROOKLYNNY11210$75,000Yes (X)
HELEN EISENSTADT
2976 E 23 STBROOKLYNNY11210$5,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,500Amt
Net Investment Income$3,200NetInvestmentIncomeAmt
Disbursements Charitable Prps$300DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockNS 5431StockNm
EOY Book Value$27,299EOYBookValueAmt
EOYFMV$32,101EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
TIFERES VENTURES$155,566$148,702$160,000
SQ NV PARTNERS LLC$121,318$121,152$150,000
GPARENCY LLC$6,993$1,991$25,000
VARIOUS INVESTMENTS$112,500$150,000

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBOOK TAX DIFFERENCEDesc
Amt$7Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$283$283
BROKERAGE FEES$671$671

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
GPARENCY LLC-$7,495
TIFERES VENTURES-$19
OTHER-$7,172

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX WITHHELD ON DIVIDEND$125$125
NYS FILING FEES

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