RAAB FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- RAAB FOUNDATION (EIN 11-3185633)
- Tax period
- 2023-10-01 to 2024-09-30
- Filed
- 2025-02-13
- IRS object ID
- 202510449349100226
- Schema version
- 2023v6.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-13T14:57:42-08:00 | ReturnTs |
| Tax Period End | 2024-09-30 | TaxPeriodEndDt |
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113185633 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE RAAB FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RAAB | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1812 - 55th ST | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11204 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SAMUEL RAAB | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2025-02-13 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,455,337 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $182 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $182 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $182 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $4,054 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $4,054 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $4,054 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $29,055 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $29,055 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $29,055 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $29,055 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $33,291 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $33,291 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $33,291 | TotalAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $1,481 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $1,481 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $1,481 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,481 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $301 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $301 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $301 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $301 | TaxesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,782 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,782 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $1,782 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,782 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,782 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,782 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $1,782 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,782 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $31,509 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $31,509 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $31,509 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $22,716 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $21,255 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $21,255 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $340,495 | CorporateStockBOYAmt |
| Corporate Stock EOY | $367,243 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $747,043 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $680,818 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $687,040 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $687,039 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $1,044,029 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,075,538 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,455,337 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $1,044,029 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $1,075,538 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,044,029 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,075,538 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,044,029 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,075,538 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,044,029 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $31,509 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,075,538 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,075,538 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| Partnersip K-1 Net Rental Real Estate | P | 2023-10-01 | 2024-09-30 | $6,222 | $6,222 | $6,222 |
| Fidelity Invest Capital Gains | P | 2000-01-01 | $22,833 | $22,833 | $22,833 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $29,055 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $29,055 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $438 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $438 | SubtotalAmt |
| Tax Based On Investment Income | $438 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $438 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $438 | TotalPaymentsAndCreditsAmt |
| Tax Due | $0 | TaxDueAmt |
| Applied To ES Tax | $0 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAMUEL RAAB | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7183386900 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 NOSTRAND AVE | AddressLine1Txt |
| City | BROOKLYN | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| SAMUEL RAAB | ||||||
| 1812 55TH STR | BROOKLYN | NY | 11204 | President | 0.00 | $0 |
| JUDITH RAAB | ||||||
| 1812 55th STR | BROOKLYN | NY | 11204 | Secretary | 0.00 | $0 |
| SOLOMON RAAB | ||||||
| 1864 55th STR | BROOKLYN | NY | 11204 | Director | 0.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $669,113 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $21,947 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $683,927 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,374,987 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $1,374,987 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,625 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,354,362 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $67,718 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $67,718 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $438 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $438 | TotalTaxAmt |
| Distributable Before Adj | $67,280 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $67,280 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $67,280 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,782 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $1,782 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $67,280 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $3,765 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $16,678 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $107,626 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $128,069 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,782 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,782 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $65,498 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $65,498 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $62,571 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $62,571 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $62,571 | ExcessFromYear2Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | SAMUEL RAAB | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $182 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $4,054 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $29,055 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $33,291 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $33,291 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| Bank Charges | $162 | $162 | $162 | $162 |
| Portfolio Strategies | $1,319 | $1,319 | $1,319 | $1,319 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| IRS | $51 | $51 | $51 | $51 |
| NYS Dept of Law | $250 | $250 | $250 | $250 |
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