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SPG FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SPG FOUNDATION INC (EIN 85-1625224)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349107615
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)
Return2022-11-15T16:30:59-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811493954PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHWARTZ AND COMPANY CPA'S PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 ACRES ROADAddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN851625224EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPG FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPGFBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RD SUITE 316-609AddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10949ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAHARON OSTREICHERPersonNm
Person TitleOFFICERPersonTitleTxt
Signature2022-11-03SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAHARONPersonFirstNm
Person LastOSTREICHERPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonABRAHAM J SCHWARTZ CPAPreparerPersonNm
PTINP00506015PTIN
Phone8457830062PhoneNum
Preparation2022-11-04PreparationDt
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$0FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000,000ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss-$1,309NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$48,691GrossSalesPriceAmt
Other Income Rev And Expnss$13,125OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$13,125OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$1,011,816TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$13,125TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,500AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$2OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,502TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$189,890ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$189,890ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$193,392TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$189,890TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$818,424ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$13,125AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$20,768CashBOYAmt
Cash EOY$599,500CashEOYAmt
Acct Rcvbl$13,125AcctRcvblAmt
Acct Rcvbl EOY$13,125AcctRcvblEOYAmt
Other Nts And Loans Rcvbl$1,200,585OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$974,018OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$1,200,585OtherNtsAndLoansRcvblEOYAmt
Total Assets BOY$994,786TotalAssetsBOYAmt
Total Assets EOY$1,813,210TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$994,786NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,813,210NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$994,786TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,813,210TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$994,786TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,813,210TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$994,786TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$818,424ExcessRevenueOverExpensesAmt
Subtotal$1,813,210SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,813,210TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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
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 Line1AHARON OSTREICHERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7183870512PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RD SUITE 316-609AddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
AHARON OSTREICHER
11 VANDERBILTHIGHLAND MILLSNY10930OFFICER1.00$0$0$0
ISACHER OSTREICHER
14 BLUEJAY STCHESTNUT RIDGENY10977OFFICER1.00$0$0$0
SHIMON GERTNER
144 BATES DRIVEMONSEYNY10952OFFICER1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$296,315AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$296,315TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$296,315AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,445CashDeemedCharitableAmt
Net Vl Noncharitable Assets$291,870NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,594MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,594MinimumInvestmentReturnAmt
Distributable Before Adj$14,594DistributableBeforeAdjAmt
Distributable Before Ded$14,594DistributableBeforeDedAmt
Distributable As Adjusted$14,594DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$189,890ExpensesAndContributionsAmt
Qualifying Distributions$189,890QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$14,594DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$4,042ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,042TotalExcessDistributionCyovAmt
Qualifying Distributions$189,890QualifyingDistributionsAmt
Applied To Current Year$14,594AppliedToCurrentYearAmt
Remaining Distri From Corpus$175,296RemainingDistriFromCorpusAmt
Total Corpus$179,338TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$179,338ExcessDistriCyovToNextYrAmt
Excess From Year1$4,042ExcessFromYear1Amt
Excess From Current Year$175,296ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonSPG FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RDAddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7183870512RecipientPhoneNum
Form And Info And MaterialsLETTER STATING ACTIVITIES AND PURPOSE OF GRANTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (14 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE CHESED FUND
THE CHESED FUND600 REISTERSTOWN ROADBALTIMOREMD21208N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$500
THE OJC FUND
THE OJC FUND1303 53RD STBROOKLYNNY11219N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$168,000
CONG YETEV LEV
CONG YETEV LEV13 MONSEY BLVDMONSEYNY10952N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$19
MOSDOS SATMAR OF BLOOMINGBURG
MOSDOS SATMAR OF BLOOMINGBURG132 MAIN STBLOOMINGBURGNY12721N/ANCFOR ASSISTANCE TO INDIGENT FAMILITES$180
KOLLEL HARI
KOLLEL HARI161 MAPLE AVENUE APT CSPRING VALLEYNY10977N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$100
CHAI LIFELINE
CHAI LIFELINE151 W 30TH STNEW YORKNY10001N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$53
BNOS CHANA VIEN
BNOS CHANA VIEN70 HIGHVIEW RDMONSEYNY10952N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$3,600
NACHLAS YITZCHOK
NACHLAS YITZCHOK3418 AVENUE LBROOKLYNNY11210N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$48
CONG YETEV LEV OF MONROE
CONG YETEV LEV OF MONROE12 GARFIELD RDMONROENY10950N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$1,800
CONGREGATION SKVER
CONGREGATION SKVER38 WASHINGTON AVESPRING VALLEYNY10977N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$175
CONG OHEL MORDECHE D'TOSH
CONG OHEL MORDECHE D'TOSH34 SATMAR DR UNIT 201MONROENY10950N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$360
KEREN ECKSTEIN
KEREN ECKSTEIN12 WIDMAN CT UNIT 202SPRING VALLEYNY10977N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$50
TZEDUKA CAMPAIGN
TZEDUKA CAMPAIGN12 WIDMAN CT UNIT 202SPRING VALLEYNY10977N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$5
CENTRAL UTA OF MONSEY
CENTRAL UTA OF MONSEY236 CHERRY LANEAIRMONTNY10952N/ANCFOR ASSISTANCE TO INDIGENT FAMILIES$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$189,890TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$1,309RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescINTEREST INCOMEDesc
Related Or Exempt Function Incm$13,125RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,816RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11,816TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1SHIMON GERTNERBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1144 BATES DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEECategoryTxt
Amt$3,500Amt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetINVESTMENTSAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Gross Sales Price$48,691GrossSalesPriceAmt
Basis$50,000BasisAmt
Total Net-$1,309TotalNetAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK FEES$2

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINTEREST INCOMEDesc
Revenue And Expenses Per Books$13,125RevenueAndExpensesPerBooksAmt
Adjusted Net Income$13,125AdjustedNetIncomeAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1LOAN RECEIVABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$1,200,585BalanceDueAmt

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