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BUCHMAN FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
BUCHMAN FOUNDATION INC (EIN 20-3038264)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-09-02
IRS object ID
202212459349100801
Schema version
2021v4.0
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)
Return2022-09-02T07:17:40-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-08-22SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,079,638FMVAssetsEOYAmt
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$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$40,182DividendsRevAndExpnssAmt
Dividends Net Invst Incm$40,182DividendsNetInvstIncmAmt
Dividends Adj Net Incm$40,182DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$64,675NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$183,503GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$64,675CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$6,828NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$104,860TotalRevAndExpnssAmt
Total Net Invst Incm$104,860TotalNetInvstIncmAmt
Total Adj Net Incm$47,013TotalAdjNetIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$24,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$2,818AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,963TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,668TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$7,052OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,012OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$35,833TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$8,680TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$56,150ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$56,150ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$91,983TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$8,680TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$56,150TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,877ExcessRevenueOverExpensesAmt
Net Investment Income$96,180NetInvestmentIncomeAmt
Adjusted Net Income$47,013AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$10,268CashBOYAmt
Cash EOY$965CashEOYAmt
Cash EOYFMV$965CashEOYFMVAmt
Corporate Stock BOY$837,104CorporateStockBOYAmt
Corporate Stock EOY$859,284CorporateStockEOYAmt
Corporate Stock EOYFMV$1,078,673CorporateStockEOYFMVAmt
Total Assets BOY$847,372TotalAssetsBOYAmt
Total Assets EOY$860,249TotalAssetsEOYAmt
Total Assets EOYFMV$1,079,638TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$847,372NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$860,249NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$847,372TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$860,249TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$847,372TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$860,249TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$847,372TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,877ExcessRevenueOverExpensesAmt
Subtotal$860,249SubtotalAmt
Tot Net Ast Or Fund Balances EOY$860,249TotNetAstOrFundBalancesEOYAmt

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 attachedP2021-01-012021-10-28$30,250$23,422$6,828$6,828
Bernstein -see details attachedP2000-01-012021-12-31$153,211$95,406$57,805$57,805
Bernstein -see details attachedP2000-01-012021-04-29$42$42$42
FieldValueIRS element (for citing)
Capital Gain Net Income$64,675CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$6,828NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,337InvestmentIncomeExciseTaxAmt
Subtotal$1,337SubtotalAmt
Tax Based On Investment Income$1,337TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$624EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$624TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$713TaxDueAmt
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 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
Sally Zak
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$56,150Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,029,240AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$20,254AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,049,494TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,049,494AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,742CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,033,752NetVlNoncharitableAssetsAmt
Minimum Investment Return$51,688MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$51,688MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,337TaxBasedOnInvestmentIncomeAmt
Total Tax$1,337TotalTaxAmt
Distributable Before Adj$50,351DistributableBeforeAdjAmt
Distributable Before Ded$50,351DistributableBeforeDedAmt
Distributable As Adjusted$50,351DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$56,150ExpensesAndContributionsAmt
Qualifying Distributions$56,150QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$50,351DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$51,820ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$347ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,634ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,848ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$5,424ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$62,073TotalExcessDistributionCyovAmt
Qualifying Distributions$56,150QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$50,351AppliedToCurrentYearAmt
Remaining Distri From Corpus$5,799RemainingDistriFromCorpusAmt
Total Corpus$67,872TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$51,820ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$16,052ExcessDistriCyovToNextYrAmt
Excess From Year4$347ExcessFromYear4Amt
Excess From Year3$1,634ExcessFromYear3Amt
Excess From Year2$2,848ExcessFromYear2Amt
Excess From Year1$5,424ExcessFromYear1Amt
Excess From Current Year$5,799ExcessFromCurrentYearAmt

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 (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Temple Israel of Catskill
PO Box 607CatskillNY12414Zoe ZakPCGeneral Fund$25,550
Chabad Lubavitch of Ulster County
254 Lucas AvenueKingstonNY12401PCGeneral Fund$5,000
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
Jewish Federation of Ulster county
159 Green Street 32KingstonNY12401PCGeneral Fund$4,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$56,150TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$40,182ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$64,675RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$40,185ExclusionAmt
Related Or Exempt Function Incm$64,675RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$104,860TotalIncomeProducingActyAmt

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$2,818Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Bank charges$40
Investment management fees$7,012$7,012

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
federal taxes$195
foreign taxes paid$1,668$1,668
NYS Dept of Law Filing Fees$100

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