BETA

IRONTOWN FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
IRONTOWN FOUNDATION (EIN 20-8095898)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-07-03
IRS object ID
202031859349100103
Schema version
2018v3.2
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)
Return2020-07-03T11:04:05-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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
Signature2020-07-03SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonISRAEL M NEIMAN CPAPreparerPersonNm
PTINP00362553PTIN
Phone2013851100PhoneNum
Preparation2020-07-03PreparationDt
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$110,551FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$28,280ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$3,735DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,735DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$3,199NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$20GrossSalesPriceAmt
Total Rev And Expnss$28,816TotalRevAndExpnssAmt
Total Net Invst Incm$3,735TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,560AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$2,560AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$182TaxesRevAndExpnssAmt
Taxes Net Invst Incm$132TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$50TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$136OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$136OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$2,878TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$268TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,610TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$72,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$72,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$74,878TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$268TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$74,610TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$46,062ExcessRevenueOverExpensesAmt
Net Investment Income$3,467NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$30,729CashBOYAmt
Cash EOY$11,109CashEOYAmt
Cash EOYFMV$11,107CashEOYFMVAmt
Sav And Temp Cash Invst BOY$96,923SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$73,706SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$73,706SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$32,920CorporateStockBOYAmt
Corporate Stock EOY$29,695CorporateStockEOYAmt
Corporate Stock EOYFMV$25,738CorporateStockEOYFMVAmt
Total Assets BOY$160,572TotalAssetsBOYAmt
Total Assets EOY$114,510TotalAssetsEOYAmt
Total Assets EOYFMV$110,551TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$160,572RetainedEarningBOYAmt
Retained Earning EOY$114,510RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$160,572TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$114,510TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$160,572TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$114,510TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$160,572TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$46,062ExcessRevenueOverExpensesAmt
Subtotal$114,510SubtotalAmt
Tot Net Ast Or Fund Balances EOY$114,510TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmt
NEWFIELD EXPLORATION MERGERP2019-02-152019-02-15$1,576-$1,576-$1,576
GENEVA 5431 MARGIN TRANSACTIONSP2019-06-302019-06-30$1,631-$1,631-$1,631
DIAMONDBACK ENERGY INC COMP2018-12-032018-12-03$12$8$8$20
FieldValueIRS element (for citing)
Capital Gain Net Income-$3,199CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$84,833AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$64,935NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.306430DistributionYr1Rt
Adjusted Qlfy Distri Yr2$55,158AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$141,939NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.388604DistributionYr2Rt
Adjusted Qlfy Distri Yr3$123,336AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$71,685NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.720527DistributionYr3Rt
Adjusted Qlfy Distri Yr4$56,506AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$203,997NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.276994DistributionYr4Rt
Adjusted Qlfy Distri Yr5$54,745AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$221,976NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.246626DistributionYr5Rt
Total Distribution3.939181TotalDistributionRt
Average Distribution0.787836AverageDistributionRt
Net Vl Noncharitable Assets$143,143NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$112,773AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$35NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$112,808AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$74,610QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$69InvestmentIncomeExciseTaxAmt
Subtotal$69SubtotalAmt
Tax Based On Investment Income$69TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$150ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$150TotalPaymentsAndCreditsAmt
Overpayment$81OverpaymentAmt
Applied To ES Tax$81AppliedToESTaxAmt

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 STBROOKLYNNY11210PRESIDENT1.00$0$0$0
DESIREE EISENSTADT
1350 E 22ND STBROOKLYNNY11210VP1.00$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$127,536AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$17,787AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$145,323TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$145,323AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,180CashDeemedCharitableAmt
Net Vl Noncharitable Assets$143,143NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,157MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,157MinimumInvestmentReturnAmt
Tax Based On Investment Income$69TaxBasedOnInvestmentIncomeAmt
Total Tax$69TotalTaxAmt
Distributable Before Adj$7,088DistributableBeforeAdjAmt
Distributable Before Ded$7,088DistributableBeforeDedAmt
Distributable As Adjusted$7,088DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$74,610ExpensesAndContributionsAmt
Qualifying Distributions$74,610QualifyingDistributionsAmt
Adjusted Qualifying Distri$74,610AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,088DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$43,685ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$47,142ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$119,752ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$48,212ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$81,656ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$340,447TotalExcessDistributionCyovAmt
Qualifying Distributions$74,610QualifyingDistributionsAmt
Applied To Current Year$7,088AppliedToCurrentYearAmt
Remaining Distri From Corpus$67,522RemainingDistriFromCorpusAmt
Total Corpus$407,969TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$43,685ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$364,284ExcessDistriCyovToNextYrAmt
Excess From Year4$47,142ExcessFromYear4Amt
Excess From Year3$119,752ExcessFromYear3Amt
Excess From Year2$48,212ExcessFromYear2Amt
Excess From Year1$81,656ExcessFromYear1Amt
Excess From Current Year$67,522ExcessFromCurrentYearAmt

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$72,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$72,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,735ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$3,199ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$536ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$536TotalIncomeProducingActyAmt

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 PersonJAY DESIREE EISENSTADTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11350 EAST 22ND STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11210ZIPCd
FieldValueIRS element (for citing)
Total Contributions$28,280TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,560Amt
Disbursements Charitable Prps$2,560DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockNS 5431StockNm
EOY Book Value$29,695EOYBookValueAmt
EOYFMV$25,738EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK CHARGES$136$136

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAX WITHHELD ON DIVIDEND$97$97
NYS FILING FEES$50$50
990PF EXCISE TAX$35$35

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