SPG FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: SPG FOUNDATION INC (EIN 85-1625224)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2022-02-10
IRS object ID: 202220419349100627
Schema version: 2020v4.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Notes Loans Rcvbl Short Sch2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-02-10T15:22:39-06:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	811493954	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SCHWARTZ AND COMPANY CPA'S PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	110 ACRES ROAD	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	851625224	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SPG FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SPGF	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD SUITE 316-609	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10949	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	AHARON OSTREICHER	PersonNm
Person Title	OFFICER	PersonTitleTxt
Signature	2022-02-10	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	AHARON	PersonFirstNm
Person Last	OSTREICHER	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ABRAHAM J SCHWARTZ CPA	PreparerPersonNm
PTIN	P00506015	PTIN
Phone	8457830062	PhoneNum
Preparation	2022-02-10	PreparationDt

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Initial Return	Yes (X)	InitialReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,000,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$1,000,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,000	AccountingFeesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,000	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$4,214	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$4,214	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$5,214	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$4,214	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$994,786	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash EOY	$20,768	CashEOYAmt
Other Nts And Loans Rcvbl	$974,018	OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY	$974,018	OtherNtsAndLoansRcvblEOYAmt
Total Assets EOY	$994,786	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests EOY	$994,786	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances EOY	$994,786	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$0	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$994,786	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Excess Revenue Over Expenses	$994,786	ExcessRevenueOverExpensesAmt
Subtotal	$994,786	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$994,786	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	AHARON OSTREICHER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7183870512	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD SUITE 316-609	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
AHARON OSTREICHER
11 VANDERBILT	HIGHLAND MILLS	NY	10930	OFFICER	1.00	$0	$0	$0
ISACHER OSTREICHER
14 BLUEJAY ST	CHESTNUT RIDGE	NY	10977	OFFICER	1.00	$0	$0	$0
SHIMON GERTNER
144 BATES DRIVE	MONSEY	NY	10952	OFFICER	1.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$3,484	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$3,484	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$3,484	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$52	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$3,432	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$172	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$172	MinimumInvestmentReturnAmt
Distributable Before Adj	$172	DistributableBeforeAdjAmt
Distributable Before Ded	$172	DistributableBeforeDedAmt
Distributable As Adjusted	$172	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$4,214	ExpensesAndContributionsAmt
Qualifying Distributions	$4,214	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$4,214	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$172	DistributableAsAdjustedAmt
Qualifying Distributions	$4,214	QualifyingDistributionsAmt
Applied To Current Year	$172	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$4,042	RemainingDistriFromCorpusAmt
Total Corpus	$4,042	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$4,042	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$4,042	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	SPG FOUNDATION	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	51 FOREST RD	AddressLine1Txt
City	MONROE	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10950	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	7183870512	RecipientPhoneNum
Form And Info And Materials	LETTER STATING ACTIVITIES AND PURPOSE OF GRANT	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2Txt	Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
MIKVAH TAHARA
MIKVAH TAHARA	149 PENN ST	BROOKLYN	NY	11211	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$18
RCCS
RCCS	762 BEDFORD AVE	BROOKLYN	NY	11205	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$185
TCF-CONGREGATION
TCF-CONGREGATION	600 REISTERSTOWN ROAD	BALTIMORE	MD	21208	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$612
KEREN ZICHRON DOV
KEREN ZICHRON DOV	41 DECATUR AVE SUITE 102	SPRING VALLEY	NY	10977	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$1
BAIS MEDRASH OHR CHAIM
BAIS MEDRASH OHR CHAIM	18 FORSHAY RD	MONSEY	NY	10952	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$48
KAHAL MEKOR CHAIM
KAHAL MEKOR CHAIM	7 VALENCIA DR	MONSEY	NY	10952	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$430
CONG EIZER LAZUDUKA
CONG EIZER LAZUDUKA	948 BEDFORD AVE	BROOKLYN	NY	11205	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$18
EMUNAH VCHESED
EMUNAH VCHESED	1514 39TH ST	BROOKLYN	NY	11218	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$2
THE OJC FUND
THE OJC FUND	1303 53RD ST	BROOKLYN	NY	11219	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$500
CONG YETEV LEV
CONG YETEV LEV	13 MONSEY BLVD	MONSEY	NY	10952	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$400
ZICHRON MENACHEM INC
ZICHRON MENACHEM INC	8 ELYON RD	MONSEY	NY	10952	N/A	NC	FOR ASSISTANCE TO INDIGENT FAMILIES	$2,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$4,214	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YOUR HOME GOODS INC	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	31 ELKAY DRIVE	AddressLine1Txt
City	CHESTER	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10918	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,000,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEE	CategoryTxt
Amt	$1,000	Amt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

Field	Value	IRS element (for citing)
Business Name Line1	LOAN RECEIVABLE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Balance Due	$974,018	BalanceDueAmt

SPG FOUNDATION INC: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor Business Name ContributorBusinessName

Contributor US Address ContributorUSAddress

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

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