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SRAGOWICZ FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
SRAGOWICZ FOUNDATION INC (EIN 65-0444814)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-26
IRS object ID
202233309349100203
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)
Return2022-11-26T18:17:55-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473371713PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SALVER SALVER CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112550 BISCAYNE BLVD SUITE 701AddressLine1Txt
CityNORTH MIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33181ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN650444814EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SRAGOWICZ FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSRAGBusinessNameControlTxt
Phone3058647888PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1130 PARK DRIVEAddressLine1Txt
CityBAL HARBOURCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33154ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJANE FREUNDPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3058647888PhoneNum
Signature2022-11-15SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJANEPersonFirstNm
Person LastFREUNDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISAAC SALVER CPAPreparerPersonNm
PTINP00189954PTIN
Phone3058647888PhoneNum
Preparation2022-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
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$4,474,414FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$501InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$501InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$501TotalRevAndExpnssAmt
Total Net Invst Incm$501TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$72,000CompOfcrDirTrstRevAndExpnssAmt
Pension Empl Bnft Rev And Expnss$5,508PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$3,856PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$1,652PensionEmplBnftDsbrsChrtblAmt
Accounting Fees Rev And Expnss$5,011AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,508AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,503AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$180OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$126OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$54OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$82,699TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,490TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,209TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$185,760ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$185,760ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$268,459TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,490TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$188,969TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$267,958ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$4,740,252SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,753,144SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,753,144SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$1,270PrepaidExpensesBOYAmt
Prepaid Expenses EOY$1,270PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$1,270PrepaidExpensesEOYFMVAmt
Other Assets EOY$720,000OtherAssetsEOYAmt
Other Assets EOYFMV$720,000OtherAssetsEOYFMVAmt
Total Assets BOY$4,741,522TotalAssetsBOYAmt
Total Assets EOY$4,474,414TotalAssetsEOYAmt
Total Assets EOYFMV$4,474,414TotalAssetsEOYFMVAmt
Accounts Payable BOY$2,462AccountsPayableBOYAmt
Other Liabilities BOY$1,868OtherLiabilitiesBOYAmt
Other Liabilities EOY$2,718OtherLiabilitiesEOYAmt
Total Liabilities BOY$4,330TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,718TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$7,154,333CapitalStockBOYAmt
Capital Stock EOY$7,154,333CapitalStockEOYAmt
Retained Earning BOY-$2,417,141RetainedEarningBOYAmt
Retained Earning EOY-$2,682,637RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,737,192TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,471,696TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,741,522TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,474,414TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,737,192TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$267,958ExcessRevenueOverExpensesAmt
Other Increases$2,462OtherIncreasesAmt
Subtotal$4,471,696SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,471,696TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$220EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$220TotalPaymentsAndCreditsAmt
Overpayment$220OverpaymentAmt
Applied To ES Tax$220AppliedToESTaxAmt

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 Line1SALVER SALVER CPAS LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3058647888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112550 BISCAYNE BLVD 701AddressLine1Txt
CityNORTH MIAMICityNm
State AbbreviationFLStateAbbreviationCd
ZIP33181ZIPCd
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
JANE FREUND
130 PARK DRIVEBAL HARBOURFL33154PRESIDENT000.00$72,000$0$0
AZRIEL SRAGOWICZ
166 BAL BAY DRIVEBAL HARBOURFL33154TREASURER000.00$0$0$0
JOHN SRAGOWICZ
141 BAL CROSS DRIVEBAL HARBOURFL33154DIRECTOR000.00$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$4,246,698AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,246,698TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,246,698AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$63,700CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,182,998NetVlNoncharitableAssetsAmt
Minimum Investment Return$209,150MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$209,150MinimumInvestmentReturnAmt
Distributable Before Adj$209,150DistributableBeforeAdjAmt
Distributable Before Ded$209,150DistributableBeforeDedAmt
Distributable As Adjusted$209,150DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$188,969ExpensesAndContributionsAmt
Qualifying Distributions$188,969QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$209,150DistributableAsAdjustedAmt
Undistributed Income PY$136,158UndistributedIncomePYAmt
Qualifying Distributions$188,969QualifyingDistributionsAmt
Applied To Year1$136,158AppliedToYear1Amt
Applied To Current Year$52,811AppliedToCurrentYearAmt
Undistributed Income CY$156,339UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DR ABE CHAMES FOUNDATION
201 S BISCAYNE BLVDSUITE 2700MIMAIFL33131CHARITABLE$500
ALEH ISRAEL FOUNDATION
PO BOX 4911NEW YORKNY10185CHARITABLE$860
AMERICAN FRIENDS OF MIGDAL OHR
1560 BROADWAYNEW YORKNY10036CHARITABLE$20,000
BEIT CHABAD ALMAGRO INC
16400 COLLINS AVENORTH MIAMIFL33160CHARITABLE$1,360
CALIFORNIA CLUB CHABAD
825 NE 205TH STREETMIAMIFL33179CHARITABLE$500
CHABAD OF PALMETTO BAY
16721 SW 78TH COURTPALMETTO BAYFL33157CHARITABLE$1,650
CHAMAH
420 LEXINGTON AVESUITE 300NEW YORKNY10170CHARITABLE$1,010
JEWISH COMMUNITY SERVICES
735 NE 125TH STNORTH MIAMIFL33161CHARITABLE$1,500
MERKAZ MOSDOS CHINUCH
35 BALFOUR PLACEBROOKLYNNY11225CHARITABLE$860
SIMCHA CONNECTION
1700 JOHN F KENNEDY CSWYSUITE 132NORTH BAY VILLAGEFL33141CHARITABLE$4,930
THE SHUL OF BAL HARBOUR
9540 COLLINS AVENUESURFSIDEFL33154CHARITABLE$85,800
BAIS CHAYA
1505 CARROLL STBROOKLYNNY11213CHARITABLE$500
CHABAD AT THE CIVIC CENTER
5701 MARIUS STMIAMIFL33146CHARITABLE$1,000
CHABAD OF CHERRY CREEK
353 MILWAUKEE STDENVERCO80206CHARITABLE$1,100
CHABAD OF SOUTHWEST BROWARD
5960 SW 106 AVECOOPER CITYFL33328CHARITABLE$1,830
CHABAD YOUNG PROFESSIONALS
419 E 77 STNEW YORKNY10075CHARITABLE$360
FRIENDS OF CHABAD OF DOMINICAN REPU
270 PARK AVENEW YORKNY10017CHARITABLE$56,000
PAAMONIM USA
1520 39TH STBROOKLYNNY11218CHARITABLE$5,000
SULAM
13300 ARCTIC AVEROCKVILLEMD20853CHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$185,760TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$501ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$501ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$501TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ACCOUNTING FEES$4,161$2,913$1,248
PROF. FEES$850$595$255

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescLOANSDesc
EOY Book Value$720,000EOYBookValueAmt
EOYFMV$720,000EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$180$126$54

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescPAYROLL LIABILITIESDesc
BOY Book Value$1,868BOYBookValueAmt
EOY Book Value$2,718EOYBookValueAmt

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