BETA

ST2 FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ST2 FOUNDATION INC (EIN 22-3766419)
Tax period
2019-12-01 to 2020-11-30
Filed
2022-12-12
IRS object ID
202223469349100522
Schema version
2019v5.2
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)
Return2022-12-12T15:09:39-06:00ReturnTs
Tax Period End2020-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1345 Park AvenueAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10154ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223766419EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ST2 Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlST2FBusinessNameControlTxt
Phone7868504739PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line116850 Collins Ave 112-633AddressLine1Txt
CitySunny Isles BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33160ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAJ ShechtelPersonNm
Person TitlePresident/TrusteePersonTitleTxt
Phone6099219071PhoneNum
Signature2022-12-01SignatureDt
Discuss With Paid Preparer0DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDiego RestrepoPreparerPersonNm
PTINP00670890PTIN
Phone2127589700PhoneNum
Preparation2022-12-06PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$19,489,331FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$7,933,148ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$16,912InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16,912InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$26,642DividendsRevAndExpnssAmt
Dividends Net Invst Incm$26,642DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$4,808OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$0OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$7,981,510TotalRevAndExpnssAmt
Total Net Invst Incm$43,554TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Expenses Rev And Expnss$4,080OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$0OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$0OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$4,080TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,080TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,977,430ExcessRevenueOverExpensesAmt
Net Investment Income$43,554NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,277,995SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,101,202SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,101,202SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$8,388,129OtherNtsAndLoansRcvblAmt
Other Rcvbl Allwnc Dbtfl Acct$0OtherRcvblAllwncDbtflAcctAmt
Other Nts And Loans Rcvbl BOY$6,233,906OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$8,388,129OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$8,388,129OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$11,511,901TotalAssetsBOYAmt
Total Assets EOY$19,489,331TotalAssetsEOYAmt
Total Assets EOYFMV$19,489,331TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,000CapitalStockBOYAmt
Capital Stock EOY$1,000CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$11,510,901RetainedEarningBOYAmt
Retained Earning EOY$19,488,331RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$11,511,901TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$19,489,331TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$11,511,901TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$19,489,331TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$11,511,901TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,977,430ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$19,489,331SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$19,489,331TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1-$671,447AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$4,702,480NetVlNoncharitableAssetsYr1Amt
Distribution Yr1-0.142786DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,957,339AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$5,643,816NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.232737DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,848,049AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$12,411,646NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.551744DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,967,282AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$18,087,008NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.495786DistributionYr4Rt
Adjusted Qlfy Distri Yr5$1,859,625AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$21,473,482NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.086601DistributionYr5Rt
Total Distribution2.224082TotalDistributionRt
Average Distribution0.444816AverageDistributionRt
Net Vl Noncharitable Assets$12,111,235NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$5,387,271AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$436NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$5,387,707AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,500,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$871InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$871SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$871TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$12,875EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$12,875TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$12,004OverpaymentAmt
Applied To ES Tax$12,004AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsYes (1)ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTimothy HentzelIndividualWithBooksNm
Phone6466774750PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11350 Broadway Ste 2101AddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Andrew J Shechtel
PO Box 546437SurfsideFL33154Trustee0.10$0$0$0
Martin J Deitchman
426 Mariner DriveJupiterFL33477Trustee0.10$0$0$0
Raquel Shechtel
PO Box 546437SurfsideFL33154Trustee0.10$0$0$0
SASTTUF Holdings LLC
16850 Collins Ave 112-633Sunny Isles BeachFL33160Member0.20$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1Loans to Hebrew Free Loan SocietyDescription1Txt
Expenses1$1,500,000Expenses1Amt
Total$1,500,000TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,077,009AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,218,661FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,295,670TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$12,295,670AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$184,435CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,111,235NetVlNoncharitableAssetsAmt
Minimum Investment Return$605,562MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$605,562MinimumInvestmentReturnAmt
Tax Based On Investment Income$871TaxBasedOnInvestmentIncomeAmt
Total Tax$871TotalTaxAmt
Distributable Before Adj$604,691DistributableBeforeAdjAmt
Recoveries Qualfied Distri$2,424,605RecoveriesQualfiedDistriAmt
Distributable Before Ded$3,029,296DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$3,029,296DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Program Related Invst Total$1,500,000ProgramRelatedInvstTotalAmt
Qualifying Distributions$1,500,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,500,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$3,029,296DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr4$991,339ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$6,229,263ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,676,786ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$13,897,388TotalExcessDistributionCyovAmt
Qualifying Distributions$1,500,000QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,500,000AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$1,529,296ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,529,296ExcessDistributionCyovAppCYAmt
Total Corpus$12,368,092TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$12,368,092ExcessDistriCyovToNextYrAmt
Excess From Year3$5,691,306ExcessFromYear3Amt
Excess From Year2$6,676,786ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSASTTUF Holdings LLCContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,912ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$26,642ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Exclusion01ExclusionCd
Exclusion$4,808ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$48,362ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$48,362TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

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
RA Realty Trust
1ATTN Ken Slutsky One Lowenstein DriRoselandNJ07068$729,771Yes (X)
Hawkeye Funding LLC
2ATTN Ken Slutsky One Lowenstein DriRoselandNJ07068$7,203,377Yes (X)

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

IdentifierIdentifierTxtForm And Line ReferenceFormAndLineReferenceDescMedium ExplanationMediumExplanationTxt
SUPPLEMENTAL INFORMATIONForm 990-PF; Part VII-A, Line 3During its taxable year ending November 30, 2021, ST2 Foundation, Inc. (the "Foundation"), which previously was incorporated under the laws of the state of New Jersey, re-incorporated under the laws of the state of Florida. As part of that re-incorporation, it adopted new Articles of Incorporation and new By-laws in accordance with Florida law, conformed copies of which were mailed to: Internal Revenue Service, TE/GE-EO Determinations, PO Box 2508, Cincinnati, OH 45201. The Foundation continues to carry out the same exempt purposes as it did prior to the re-incorporation, and its Articles of Incorporation continue to meet the organizational test of section 1.501(c)(3)-1(b) of the Treasury Regulations, including section 1.501(c)(3)-1(b)(4). In addition, in accordance with Revenue Procedure 2018-5, the Foundation confirms that it is a domestic business entity classified as a corporation under section 301.7701-2(b)(1) of the Treasury Regulations, and that the Foundation was in good standing with both the state of New Jersey and the state of Florida as of the time of the re-incorporation and remains in good standing with the state of Florida.
ELECTRONIC FILING STATEMENTFORM 990-PF; Part VII-A, Line 3The foundation timely-filed its November 30, 2020 return in paper form, but it was returned by the Internal Revenue Service on the grounds that it had not been filed electronically. The Taxpayer has since established means of filing the return electronically, is re-filing the November 30, 2020 return electronically, previously filed its November 30, 2021 return electronically and will file all future returns electronically as required by the Taxpayer First Act.

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank ChargesDesc
Revenue And Expenses Per Books$4,080RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc2018 Fed Tax RefundDesc
Revenue And Expenses Per Books$4,808RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$4,808AdjustedNetIncomeAmt

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