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MAB FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-01
IRS object ID
202133059349100243
Schema version
2020v4.0
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)
Return2021-11-01T12:12:10-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113108982PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1M FRIEDMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line118 HEYWARD ST 5TH FLAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11249ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113409995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAB FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMABFBusinessNameControlTxt
Phone2126120179PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN - 1 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAARON BIRNBAUMPersonNm
Person TitleTrusteePersonTitleTxt
Signature2021-11-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstAARONPersonFirstNm
Person LastBIRNBAUMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL FRIEDMAN CPAPreparerPersonNm
PTINP00159800PTIN
Phone7188529200PhoneNum

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,947,639FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,750,912ContriRcvdRevAndExpnssAmt
Gross Rents Rev And Expnss$83,190GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$83,190GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$83,190NetRentalIncomeOrLossAmt
Other Income Rev And Expnss$5,374OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$5,374OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$2,839,476TotalRevAndExpnssAmt
Total Net Invst Incm$88,564TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$385OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$385OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$385OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$385OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$385TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$385TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$385TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$385TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$755,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$755,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$756,285TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$385TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$385TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$756,285TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$2,083,191ExcessRevenueOverExpensesAmt
Net Investment Income$88,179NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$519,540CashBOYAmt
Cash EOY$874,082CashEOYAmt
Cash EOYFMV$874,082CashEOYFMVAmt
Sav And Temp Cash Invst EOY$10,000SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$10,008SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$1,707,424CorporateStockEOYAmt
Corporate Stock EOYFMV$1,707,424CorporateStockEOYFMVAmt
Other Assets BOY$354,058OtherAssetsBOYAmt
Other Assets EOY$356,125OtherAssetsEOYAmt
Other Assets EOYFMV$356,125OtherAssetsEOYFMVAmt
Total Assets BOY$873,598TotalAssetsBOYAmt
Total Assets EOY$2,947,631TotalAssetsEOYAmt
Total Assets EOYFMV$2,947,639TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$873,598NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$873,598TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,947,631TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$873,598TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,947,631TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$873,598TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$2,083,191ExcessRevenueOverExpensesAmt
Subtotal$2,956,789SubtotalAmt
Other Decreases$9,158OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,947,631TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,226InvestmentIncomeExciseTaxAmt
Subtotal$1,226SubtotalAmt
Tax Based On Investment Income$1,226TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$14EsPenaltyAmt
Tax Due$1,240TaxDueAmt

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 Line1AARON BIRNBAUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2129723600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN-1 BATTERY PARK PLAZA NAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
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
AARON BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Trustee0.00$0
ALISA BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Treasurer0.00$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$701,811AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$2,063,549FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,765,360TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,765,360AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$41,480CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,723,880NetVlNoncharitableAssetsAmt
Minimum Investment Return$136,194MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$136,194MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,226TaxBasedOnInvestmentIncomeAmt
Total Tax$1,226TotalTaxAmt
Distributable Before Adj$134,968DistributableBeforeAdjAmt
Distributable Before Ded$134,968DistributableBeforeDedAmt
Distributable As Adjusted$134,968DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$756,285ExpensesAndContributionsAmt
Qualifying Distributions$756,285QualifyingDistributionsAmt
Adjusted Qualifying Distri$756,285AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$134,968DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,079,310ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$976,317ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,076,800ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$901,408ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$832,832ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,866,667TotalExcessDistributionCyovAmt
Qualifying Distributions$756,285QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$134,968AppliedToCurrentYearAmt
Remaining Distri From Corpus$621,317RemainingDistriFromCorpusAmt
Total Corpus$5,487,984TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,079,310ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,408,674ExcessDistriCyovToNextYrAmt
Excess From Year4$976,317ExcessFromYear4Amt
Excess From Year3$1,076,800ExcessFromYear3Amt
Excess From Year2$901,408ExcessFromYear2Amt
Excess From Year1$832,832ExcessFromYear1Amt
Excess From Current Year$621,317ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonVARIOUS QUALIFIED CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Recipient Foundation Status501 C3RecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$755,900Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$755,900TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$83,190RelatedOrExemptFunctionIncmAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,374RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$88,564RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$88,564TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
AARON BIRNBAUM
1C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$2,250,912Yes (X)Yes (X)
AMB FAMILY TRUST
2C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$500,000Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property500 SHARES OF MICROSOFT CORP.1,800 SHARES OF APPLE INC.500 SHARES OF FACEBOOK INC.10,000 SHARES OF SNoncashPropertyDesc
Fair Market Value$1,715,912FairMarketValueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESTMENT IN 963 CONEY ISLAND AVE$325,800$325,800$325,800
INVESTMENT IN RCG KENNEDY$7,118$9,185$9,185
L&E$21,140$21,140$21,140

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
FEDERAL TAXES$669
NET ASSET ADJUSTMENT$8,489

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEES$100$100$100$100
MISC. EXPENSES$285$285$285$285

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$5,374RevenueAndExpensesPerBooksAmt
Net Investment Income$5,374NetInvestmentIncomeAmt

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