BETA

IRONTOWN FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
IRONTOWN FOUNDATION (EIN 20-8095898)
Tax period
2020-07-01 to 2021-06-30
Filed
2021-12-23
IRS object ID
202143579349100514
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)
Return2021-12-23T16:03:23-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200538555PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KOHLHAGEN NEIMAN & COMPANY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1297 SOUTH WASHINGTON AVE - SUITE 2AddressLine1Txt
CityBERGENFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP076213789ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN208095898EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IRONTOWN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlIRONBusinessNameControlTxt
Phone2013851100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11350 E 22ND STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAY EISENSTADTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2013851100PhoneNum
Signature2021-12-23SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJAYPersonFirstNm
Person LastEISENSTADTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISRAEL M NEIMAN CPAPreparerPersonNm
PTINP00362553PTIN
Phone2013851100PhoneNum
Preparation2021-12-23PreparationDt
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$1,330,328FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,306,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$266InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$266InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$790DividendsRevAndExpnssAmt
Dividends Net Invst Incm$790DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$1,562NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2GrossSalesPriceAmt
Total Rev And Expnss$1,305,994TotalRevAndExpnssAmt
Total Net Invst Incm$1,056TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,800AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,000AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,800AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$73TaxesRevAndExpnssAmt
Taxes Net Invst Incm$73TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$279OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$279OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,152TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,352TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,800TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$93,385ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$93,385ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$98,537TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,352TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$95,185TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,207,457ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$86,412CashBOYAmt
Cash EOY$1,295,563CashEOYAmt
Cash EOYFMV$1,295,562CashEOYFMVAmt
Corporate Stock BOY$29,599CorporateStockBOYAmt
Corporate Stock EOY$27,905CorporateStockEOYAmt
Corporate Stock EOYFMV$34,766CorporateStockEOYFMVAmt
Total Assets BOY$116,011TotalAssetsBOYAmt
Total Assets EOY$1,323,468TotalAssetsEOYAmt
Total Assets EOYFMV$1,330,328TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$116,011RetainedEarningBOYAmt
Retained Earning EOY$1,323,468RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$116,011TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,323,468TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$116,011TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,323,468TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$116,011TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,207,457ExcessRevenueOverExpensesAmt
Subtotal$1,323,468SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,323,468TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
VALARIS LTD WTS EXP 4/29/2028P2021-05-06$1$248-$247-$247
NOBLE CORP NEW WTS EXP 02/04/26P2021-06-29$1$1,316-$1,315-$1,315
FieldValueIRS element (for citing)
Capital Gain Net Income-$1,562CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$42EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$42TotalPaymentsAndCreditsAmt
Overpayment$42OverpaymentAmt
Applied To ES Tax$42AppliedToESTaxAmt

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
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 Line1KOHLHAGEN NEIMAN & COMPANYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2013851100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1297 S WASHINGTON AVEAddressLine1Txt
CityBERGENFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07621ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAY EISENSTADT
1350 E 22ND STBROOKLYNNY11210PRESIDENT0.50$0$0$0
DESIREE EISENSTADT
1350 E 22ND STBROOKLYNNY11210VP0.50$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$29,443AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$745,516AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$774,959TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$774,959AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$11,624CashDeemedCharitableAmt
Net Vl Noncharitable Assets$763,335NetVlNoncharitableAssetsAmt
Minimum Investment Return$38,167MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$38,167MinimumInvestmentReturnAmt
Distributable Before Adj$38,167DistributableBeforeAdjAmt
Distributable Before Ded$38,167DistributableBeforeDedAmt
Distributable As Adjusted$38,167DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$95,185ExpensesAndContributionsAmt
Qualifying Distributions$95,185QualifyingDistributionsAmt
Adjusted Qualifying Distri$95,185AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$38,167DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$119,752ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$48,212ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$81,656ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$67,522ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$317,142TotalExcessDistributionCyovAmt
Qualifying Distributions$95,185QualifyingDistributionsAmt
Applied To Current Year$38,167AppliedToCurrentYearAmt
Remaining Distri From Corpus$57,018RemainingDistriFromCorpusAmt
Total Corpus$374,160TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$119,752ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$254,408ExcessDistriCyovToNextYrAmt
Excess From Year4$48,212ExcessFromYear4Amt
Excess From Year3$81,656ExcessFromYear3Amt
Excess From Year2$67,522ExcessFromYear2Amt
Excess From Current Year$57,018ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VARIOUS - SEE ATTACHEDBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11350 E 22ND STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITYGrantOrContributionPurposeTxt
Amt$93,385Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$93,385TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$266ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$790ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$1,562ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$506ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$506TotalIncomeProducingActyAmt

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 ContributionPersonContributionInd
JAY DESIREE EISENSTADT
11350 EAST 22ND STBROOKLYNNY11210$300,200Yes (X)
SCHON FAMILY FOUNDATION
21534 53RD STREETBROOKLYNNY11219$1,000,000Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$4,800Amt
Net Investment Income$3,000NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,800DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockNS 5431StockNm
EOY Book Value$27,905EOYBookValueAmt
EOYFMV$34,766EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$75$75
BROKERAGE FEES$204$204

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX WITHHELD ON DIVIDEND$23$23
NYS FILING FEES$50$50

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