RAAB FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
RAAB FOUNDATION (EIN 11-3185633)
Tax period
2019-10-01 to 2020-09-30
Filed
2021-02-10
IRS object ID
202130419349100008
Schema version
2019v5.0
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)
Return2021-02-10T10:19:18-08:00ReturnTs
Tax Period End2020-09-30TaxPeriodEndDt
Return Type990PFReturnTypeCd
Tax Period Begin2019-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113185633EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RAAB FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRAABBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11812 - 55th STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMUEL RAABPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-02-10SignatureDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,280,129FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,400DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,400DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,400DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$38,509NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$38,509GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$38,509CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$38,509NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$141,909TotalRevAndExpnssAmt
Total Net Invst Incm$41,909TotalNetInvstIncmAmt
Total Adj Net Incm$41,909TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$1,260OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$1,260OtherProfFeesNetInvstIncmAmt
Other Prof Fees Adj Net Incm$1,260OtherProfFeesAdjNetIncmAmt
Other Prof Fees Dsbrs Chrtbl$1,260OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$589TaxesRevAndExpnssAmt
Taxes Net Invst Incm$589TaxesNetInvstIncmAmt
Taxes Adj Net Incm$589TaxesAdjNetIncmAmt
Taxes Dsbrs Chrtbl$589TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,849TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,849TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$1,849TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,849TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$74,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$74,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,149TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,849TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$1,849TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$76,149TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$65,760ExcessRevenueOverExpensesAmt
Net Investment Income$40,060NetInvestmentIncomeAmt
Adjusted Net Income$40,060AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$21,637SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$22,289SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$22,289SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$298,283CorporateStockBOYAmt
Corporate Stock EOY$345,751CorporateStockEOYAmt
Corporate Stock EOYFMV$567,061CorporateStockEOYFMVAmt
Other Investments BOY$673,140OtherInvestmentsBOYAmt
Other Investments EOY$690,780OtherInvestmentsEOYAmt
Other Investments EOYFMV$690,779OtherInvestmentsEOYFMVAmt
Total Assets BOY$993,060TotalAssetsBOYAmt
Total Assets EOY$1,058,820TotalAssetsEOYAmt
Total Assets EOYFMV$1,280,129TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$993,060NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$993,060TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,058,820TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$993,060TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,058,820TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$993,060TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$65,760ExcessRevenueOverExpensesAmt
Subtotal$1,058,820SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,058,820TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Partnership K-1 Net rental Ret incomeP2019-10-012020-09-30$20,025$20,025$20,025
Fidelity Invest Capital GainsP2000-01-02$18,484$18,484$18,484
FieldValueIRS element (for citing)
Capital Gain Net Income$38,509CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$38,509NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$62,276AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,111,790NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05601DistributionYr1Rt
Adjusted Qlfy Distri Yr2$53,475AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,037,998NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05152DistributionYr2Rt
Adjusted Qlfy Distri Yr3$64,209AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$994,366NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.06457DistributionYr3Rt
Adjusted Qlfy Distri Yr4$54,710AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$952,647NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.05743DistributionYr4Rt
Adjusted Qlfy Distri Yr5$77,649AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$949,562NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.08177DistributionYr5Rt
Total Distribution0.311306TotalDistributionRt
Average Distribution0.062261AverageDistributionRt
Net Vl Noncharitable Assets$1,197,432NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$74,553AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$401NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$74,954AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$76,149QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$401InvestmentIncomeExciseTaxAmt
Subtotal$401SubtotalAmt
Tax Based On Investment Income$401TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$401EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$401TotalPaymentsAndCreditsAmt

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 Line1SAMUEL RAABBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7183386900PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12600 NOSTRAND AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SAMUEL RAAB
1812 55TH STRBROOKLYNNY11204President0.00$0
JUDITH RAAB
1812 55th STRBROOKLYNNY11204Secretary0.00$0
SOLOMON RAAB
1864 55th STRBROOKLYNNY11204Director0.00$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$512,954AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,879AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$680,834FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,215,667TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,215,667AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,235CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,197,432NetVlNoncharitableAssetsAmt
Minimum Investment Return$59,872MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$59,872MinimumInvestmentReturnAmt
Tax Based On Investment Income$401TaxBasedOnInvestmentIncomeAmt
Total Tax$401TotalTaxAmt
Distributable Before Adj$59,471DistributableBeforeAdjAmt
Distributable Before Ded$59,471DistributableBeforeDedAmt
Distributable As Adjusted$59,471DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$76,149ExpensesAndContributionsAmt
Qualifying Distributions$76,149QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$401PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$75,748AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$59,471DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$30,415ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$7,108ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$14,589ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,896ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$7,025ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$61,033TotalExcessDistributionCyovAmt
Qualifying Distributions$76,149QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$59,471AppliedToCurrentYearAmt
Remaining Distri From Corpus$16,678RemainingDistriFromCorpusAmt
Total Corpus$77,711TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$30,415ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$47,296ExcessDistriCyovToNextYrAmt
Excess From Year4$7,108ExcessFromYear4Amt
Excess From Year3$14,589ExcessFromYear3Amt
Excess From Year2$1,896ExcessFromYear2Amt
Excess From Year1$7,025ExcessFromYear1Amt
Excess From Current Year$16,678ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN F OF MERKAZ CHASIDEI VIZNI
285 LEE AVEBROOKLYNNY11206NONE501(c)(3)FURTHER EDUCATIONAL& RELIGIOUS PURSUITS$41,000
CONGKOLLEL TZEMACH TZADIK CHAIM BCH
1333 51 stBROOKLYNNY11219NONE501(c)(3)FURTHER EDUCATIONAL& RELIGIOUS PURSUITS$11,500
MOSDOT BOTOSHAN INC
1148 - 49 STBROOKLYNNY11219NONE501 (c) 3FURTHER RELIGIOUS &EDUCATIONAL PURSUITS$2,800
CONGKEREN EZRAH
11 GWEN LNMONSEYNY10952NONE501(c)(3)FURTHER RELIGIOUS &EDUCATIONAL PURSUITS$18,000
CHABAD LUBAVITCH FORT LAUDERDALE
3500 N OCEAN BLVDFORT LAUDERDALEFL33308NONE501(c)(3)FURTHER EDUCATIONAL& RELIGIOUS PURSUITS$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$74,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,400RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$38,509RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$41,909RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$41,909TotalIncomeProducingActyAmt

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 PersonSAMUEL RAABContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11812 55th STRAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Bank charges$250$250$250$250
PORTFOLIO STRATEGIES$1,010$1,010$1,010$1,010

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
I.R.S$339$339$339$339
NYS DEPT. OF LAW$250$250$250$250

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