BETA

MAB FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-10-25
IRS object ID
202202989349100630
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)
Return2022-10-25T13:57:21-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113108982PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1M FRIEDMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line118 HEYWARD ST 5TH FLAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11249ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113409995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAB FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMABFBusinessNameControlTxt
Phone2126120179PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN - 1 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAARON BIRNBAUMPersonNm
Person TitleTrusteePersonTitleTxt
Signature2022-10-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAARONPersonFirstNm
Person LastBIRNBAUMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL FRIEDMAN CPAPreparerPersonNm
PTINP00159800PTIN
Phone7188529200PhoneNum

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$4,597,124FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,346,335ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$27,076DividendsRevAndExpnssAmt
Dividends Net Invst Incm$27,076DividendsNetInvstIncmAmt
Dividends Adj Net Incm$27,076DividendsAdjNetIncmAmt
Gross Rents Rev And Expnss$83,681GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$83,681GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$83,681NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$57,407NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$126,957GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$57,407CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$57,407NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$2,514,499TotalRevAndExpnssAmt
Total Net Invst Incm$168,164TotalNetInvstIncmAmt
Total Adj Net Incm$84,483TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$2,456OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,456OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$2,456OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$2,456OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,456TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,456TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,456TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,456TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,177,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,177,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,179,756TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,456TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,456TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,179,756TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,334,743ExcessRevenueOverExpensesAmt
Net Investment Income$165,708NetInvestmentIncomeAmt
Adjusted Net Income$82,027AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$874,082CashBOYAmt
Cash EOY$1,026,284CashEOYAmt
Cash EOYFMV$1,026,284CashEOYFMVAmt
Sav And Temp Cash Invst BOY$10,000SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,956SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,956SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,707,424CorporateStockBOYAmt
Corporate Stock EOY$3,208,071CorporateStockEOYAmt
Corporate Stock EOYFMV$3,208,071CorporateStockEOYFMVAmt
Other Assets BOY$356,125OtherAssetsBOYAmt
Other Assets EOY$350,813OtherAssetsEOYAmt
Other Assets EOYFMV$350,813OtherAssetsEOYFMVAmt
Total Assets BOY$2,947,631TotalAssetsBOYAmt
Total Assets EOY$4,597,124TotalAssetsEOYAmt
Total Assets EOYFMV$4,597,124TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,947,631NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$4,597,124NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,947,631TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,597,124TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,947,631TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,597,124TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,947,631TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,334,743ExcessRevenueOverExpensesAmt
Other Increases$316,046OtherIncreasesAmt
Subtotal$4,598,420SubtotalAmt
Other Decreases$1,296OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$4,597,124TotNetAstOrFundBalancesEOYAmt

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
SECURITIESP2021-12-312021-12-31$99,180$69,550$29,630$29,630
CAPITAL GAINSP2021-12-312021-12-31$27,777$27,777$27,777
FieldValueIRS element (for citing)
Capital Gain Net Income$57,407CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$57,407NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,303InvestmentIncomeExciseTaxAmt
Subtotal$2,303SubtotalAmt
Tax Based On Investment Income$2,303TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$27EsPenaltyAmt
Tax Due$2,330TaxDueAmt
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 Line1AARON BIRNBAUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2129723600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN-1 BATTERY PARK PLAZA NAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
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
AARON BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Trustee0.00$0
ALISA BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Treasurer0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$961,161AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,558,884FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,520,045TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$4,520,045AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$67,801CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,452,244NetVlNoncharitableAssetsAmt
Minimum Investment Return$222,612MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$222,612MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,303TaxBasedOnInvestmentIncomeAmt
Total Tax$2,303TotalTaxAmt
Distributable Before Adj$220,309DistributableBeforeAdjAmt
Distributable Before Ded$220,309DistributableBeforeDedAmt
Distributable As Adjusted$220,309DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,179,756ExpensesAndContributionsAmt
Qualifying Distributions$1,179,756QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$220,309DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$976,317ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,076,800ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$901,408ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$832,832ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$621,317ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,408,674TotalExcessDistributionCyovAmt
Qualifying Distributions$1,179,756QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$220,309AppliedToCurrentYearAmt
Remaining Distri From Corpus$959,447RemainingDistriFromCorpusAmt
Total Corpus$5,368,121TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$976,317ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,391,804ExcessDistriCyovToNextYrAmt
Excess From Year4$1,076,800ExcessFromYear4Amt
Excess From Year3$901,408ExcessFromYear3Amt
Excess From Year2$832,832ExcessFromYear2Amt
Excess From Year1$621,317ExcessFromYear1Amt
Excess From Current Year$959,447ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonVARIOUS QUALIFIED CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Recipient Foundation Status501 C3RecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$1,177,300Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,177,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,076RelatedOrExemptFunctionIncmAmt

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$83,681RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$57,407RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$168,164RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$168,164TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
AARON BIRNBAUM
1C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$1,242,075Yes (X)
AMB 2020 CLAT
2C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$104,260Yes (X)
AMB FAMILY TRUST
3C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$1,000,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property2,500 SHARES OF BLACKSTONE INC30,000 SHARES OF BLACKSTONE MORTGAGE TRUST INCNoncashPropertyDesc
Fair Market Value$1,242,075FairMarketValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESTMENT IN 963 CONEY ISLAND AVE$325,800$325,800$325,800
INVESTMENT IN RCG KENNEDY$9,185$3,873$3,873
L&E$21,140$21,140$21,140

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFEDERAL TAXESDesc
Amt$1,296Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEES$250$250$250$250
MISC. EXPENSES$206$206$206$206
PROFESSIONAL FEES$2,000$2,000$2,000$2,000

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNET ASSET ADJUSTMENTDesc
Amt$316,046Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.