MONTROSE FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MONTROSE FOUNDATION (EIN 46-1602212)
Tax period
2018-12-01 to 2019-11-30
Filed
2020-10-15
IRS object ID
202002909349100600
Schema version
2018v3.1
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)
Return2020-10-15T21:16:29-07:00ReturnTs
Tax Period End2019-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Henry Reinhold CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11354 E 13th StAddressLine1Txt
CityBrooklynCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11230ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461602212EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MONTROSE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMONTBusinessNameControlTxt
Phone2014472525PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 JUDITH LANEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES ROSENBERGPersonNm
Person TitleTrusteePersonTitleTxt
Signature2020-10-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonHENRY REINHOLDPreparerPersonNm
PTINP01391884PTIN
Phone7188712290PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-09-10 13:11:23ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,090,746FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$910,100ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$11,088InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,088InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$15,785DividendsRevAndExpnssAmt
Dividends Net Invst Incm$15,785DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$857NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$379,687GrossSalesPriceAmt
Total Rev And Expnss$936,116TotalRevAndExpnssAmt
Total Net Invst Incm$26,873TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$5,780OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,780OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,780TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,780TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$294,050ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$294,050ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$299,830TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,780TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$294,050TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$636,286ExcessRevenueOverExpensesAmt
Net Investment Income$21,093NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$49,919SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$598,465SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$598,465SavAndTempCashInvstEOYFMVAmt
US Government Obligations BOY$371,590USGovernmentObligationsBOYAmt
US Government Obligations EOY$116,318USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$115,927USGovtObligationsEOYFMVAmt
Corporate Stock BOY$25,194CorporateStockBOYAmt
Corporate Stock EOY$368,134CorporateStockEOYAmt
Corporate Stock EOYFMV$376,354CorporateStockEOYFMVAmt
Total Assets BOY$446,703TotalAssetsBOYAmt
Total Assets EOY$1,082,917TotalAssetsEOYAmt
Total Assets EOYFMV$1,090,746TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$446,703RetainedEarningBOYAmt
Retained Earning EOY$1,082,917RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$446,703TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,082,917TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$446,703TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,082,917TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$446,703TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$636,286ExcessRevenueOverExpensesAmt
Subtotal$1,082,989SubtotalAmt
Other Decreases$72OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,082,917TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (9 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
7631 EV FLT RT MUN INC IP2019-01-012019-03-05$75,084$75,084
1725 INV BULLETSHS 2020P2019-01-012019-02-20$41,487$41,447$40$40
3145 OPPEN SR FLT RT CP2019-01-012019-03-18$24,663$25,560-$897-$897
200000 GNMA 18-91QKP2019-01-012019-01-01$2,511$2,511
763000 GNMA 15-170ADP2019-01-012019-01-01$14,189$14,189
666000 GNMA 15-65JBP2019-01-012019-01-01$6,306$6,306
450000 GNMA16-141HDP2019-01-012019-01-01$9,641$9,641
900000 GNMA 17-163UDP2019-01-012019-01-01$17,210$17,210
600000 GNMA 18-91QKP2019-01-012019-01-01$188,596$188,596
FieldValueIRS element (for citing)
Capital Gain Net Income-$857CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$857NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$18,800AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$428,455NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.04388DistributionYr1Rt
Adjusted Qlfy Distri Yr2$17,400AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$322,875NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.05389DistributionYr2Rt
Adjusted Qlfy Distri Yr3$3,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$258,524NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.01160DistributionYr3Rt
Net Vl Noncharitable Assets Yr4$204,740NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$35,500AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$56,281NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.63076DistributionYr5Rt
Total Distribution0.740137TotalDistributionRt
Average Distribution0.148027AverageDistributionRt
Net Vl Noncharitable Assets$1,210,584NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$179,199AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$211NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$179,410AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$294,050QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$211InvestmentIncomeExciseTaxAmt
Subtotal$211SubtotalAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Tax Due$211TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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 Line1CHARLES J ROSENBERGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2014472525PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110 JUDITH LANEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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
MALKA A ROSENBERG
39 LYNCREST DRIVEMONSEYNY10952Trustee0.00$0
CHARLES ROSENBERG
10 JUDITH LANEMONSEYNY10952Trustee0.00$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$443,044AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$785,975AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,229,019TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,229,019AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$18,435CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,210,584NetVlNoncharitableAssetsAmt
Minimum Investment Return$60,529MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$60,529MinimumInvestmentReturnAmt
Tax Based On Investment Income$211TaxBasedOnInvestmentIncomeAmt
Total Tax$211TotalTaxAmt
Distributable Before Adj$60,318DistributableBeforeAdjAmt
Distributable Before Ded$60,318DistributableBeforeDedAmt
Distributable As Adjusted$60,318DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$294,050ExpensesAndContributionsAmt
Qualifying Distributions$294,050QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$211PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$293,839AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$60,318DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$32,686ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$1,380ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$34,066TotalExcessDistributionCyovAmt
Qualifying Distributions$294,050QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$60,318AppliedToCurrentYearAmt
Remaining Distri From Corpus$233,732RemainingDistriFromCorpusAmt
Total Corpus$267,798TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$32,686ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$235,112ExcessDistriCyovToNextYrAmt
Excess From Year2$1,380ExcessFromYear2Amt
Excess From Current Year$233,732ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line139 LYNCREST DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeTO FURTHER JEWISH STUDIES AND CHARITABLE CAUSESGrantOrContributionPurposeTxt
Amt$294,050Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$294,050TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,088ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$15,785ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$857ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$26,016ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$26,016TotalIncomeProducingActyAmt

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
MAX ROSENBERG
139 LYNCREST DRIVEMONSEYNY10952$150,000Yes (X)
CHARLES ROSENBERG
210 JUDITH LANEMONSEYNY10952$760,100Yes (X)

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
OOSCX
BSCK$117,886$118,246
BSJK$131,996$131,024
LVHD$32,003$33,850
VYM$86,249$93,234

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$116,318USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$115,927USGovtObligationsEOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescTAXESDesc
Amt$72Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$5,680$5,680
LICENSE & FEES$100$100

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