BETA

YSF FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
YSF FOUNDATION (EIN 11-3271689)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349104368
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)
Return2022-11-15T10:53:05-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113447161PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Joseph Furst CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11244 49th StreetAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113271689EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1YSF FOUNDATIONBusinessNameLine1Txt
Business Name Line2CO J FURSTBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlYSFFBusinessNameControlTxt
Phone7188719120PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11244 49TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL FINKELSTEINPersonNm
Person TitleTreasurerPersonTitleTxt
Signature2022-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMUELPersonFirstNm
Person LastFINKELSTEINPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoseph FurstPreparerPersonNm
PTINP00622792PTIN
Phone7188719120PhoneNum
Self EmployedYes (X)SelfEmployedInd

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$965,000FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss$144,983OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$144,983OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$144,983OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$144,983TotalRevAndExpnssAmt
Total Net Invst Incm$144,983TotalNetInvstIncmAmt
Total Adj Net Incm$144,983TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$2,500LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$1,250LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$1,250LegalFeesAdjNetIncmAmt
Taxes Rev And Expnss$494TaxesRevAndExpnssAmt
Taxes Net Invst Incm$247TaxesNetInvstIncmAmt
Taxes Adj Net Incm$247TaxesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$2,994TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,497TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,497TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$144,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$144,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$147,494TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,497TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,497TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$144,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,511ExcessRevenueOverExpensesAmt
Net Investment Income$143,486NetInvestmentIncomeAmt
Adjusted Net Income$143,486AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Other Assets BOY$681,294OtherAssetsBOYAmt
Other Assets EOY$681,283OtherAssetsEOYAmt
Other Assets EOYFMV$965,000OtherAssetsEOYFMVAmt
Total Assets BOY$681,294TotalAssetsBOYAmt
Total Assets EOY$681,283TotalAssetsEOYAmt
Total Assets EOYFMV$965,000TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$681,294NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$681,283NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$681,294TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$681,283TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$681,294TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$681,283TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$681,294TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,511ExcessRevenueOverExpensesAmt
Subtotal$678,783SubtotalAmt
Tot Net Ast Or Fund Balances EOY$678,783TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,994InvestmentIncomeExciseTaxAmt
Subtotal$1,994SubtotalAmt
Tax Based On Investment Income$1,994TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$28EsPenaltyAmt
Tax Due$2,022TaxDueAmt
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 Line1J FURSTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7188719120PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11244 49TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11230ZIPCd
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
Nachum Finkelstein
411 Ave FBROOKLYNNY11218Trustee0.00$0
SAMUEL FINKELSTEIN
501 AVE FBROOKLYNNY11218Trustee0.00$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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$965,000FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$965,000TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$965,000AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,475CashDeemedCharitableAmt
Net Vl Noncharitable Assets$950,525NetVlNoncharitableAssetsAmt
Minimum Investment Return$47,526MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$47,526MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,994TaxBasedOnInvestmentIncomeAmt
Total Tax$1,994TotalTaxAmt
Distributable Before Adj$45,532DistributableBeforeAdjAmt
Distributable Before Ded$45,532DistributableBeforeDedAmt
Distributable As Adjusted$45,532DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$144,500ExpensesAndContributionsAmt
Qualifying Distributions$144,500QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$45,532DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$37,636ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$44,665ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$58,946ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$141,247TotalExcessDistributionCyovAmt
Qualifying Distributions$144,500QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$45,532AppliedToCurrentYearAmt
Remaining Distri From Corpus$98,968RemainingDistriFromCorpusAmt
Total Corpus$240,215TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$240,215ExcessDistriCyovToNextYrAmt
Excess From Year3$37,636ExcessFromYear3Amt
Excess From Year2$44,665ExcessFromYear2Amt
Excess From Year1$58,946ExcessFromYear1Amt
Excess From Current Year$98,968ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonYESHIVA GEDOLAH OF BAYONNERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1735 AVE CAddressLine1Txt
CityBAYONNECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07002ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation Status501C3RecipientFoundationStatusTxt
Grant Or Contribution PurposeEDUCATIONGrantOrContributionPurposeTxt
Amt$144,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$144,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc409 realty corpDesc
Exclusion14ExclusionCd
Exclusion$144,983ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$144,983ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$144,983TotalIncomeProducingActyAmt

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

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategorylegalCategoryTxt
Legal Fees$2,500LegalFeesAmt
Net Investment Income$1,250NetInvestmentIncomeAmt
Adjusted Net Income$1,250AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescInvestment in 409 Realty Corp.Desc
BOY Book Value$681,294BOYBookValueAmt
EOY Book Value$681,283EOYBookValueAmt
EOYFMV$965,000EOYFMVAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc409 realty corpDesc
Revenue And Expenses Per Books$144,983RevenueAndExpensesPerBooksAmt
Net Investment Income$144,983NetInvestmentIncomeAmt
Adjusted Net Income$144,983AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
Federal$394$197$197
state$100$50$50

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