LAUFER FAMILY FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LAUFER FAMILY FOUNDATION INC (EIN 13-3070083)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-09-04
IRS object ID
202522479349100312
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

FieldValueIRS element (for citing)
Return2025-09-04T09:13:30-07:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN112715389PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Ives Sultan & Spike CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 Crossways Park Drive WestAddressLine1Txt
CityWoodburyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11797ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133070083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE LAUFER FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLAUFBusinessNameControlTxt
Phone9733459111PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIEL LAUFERPersonNm
Person TitlePresidentPersonTitleTxt
Phone2014861536PhoneNum
Signature2025-09-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonROBERT LIPTON CPAPreparerPersonNm
PTINP00034558PTIN
Phone5164969500PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,099,831FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$256InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$256InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$256InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$8,490DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,490DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,490DividendsAdjNetIncmAmt
Total Rev And Expnss$8,746TotalRevAndExpnssAmt
Total Net Invst Incm$8,746TotalNetInvstIncmAmt
Total Adj Net Incm$8,746TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,500AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$2,500AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$117TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,617TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,500TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$2,500TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$41,853ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$41,853ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$44,470TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,500TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$2,500TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$41,853TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$35,724ExcessRevenueOverExpensesAmt
Net Investment Income$6,246NetInvestmentIncomeAmt
Adjusted Net Income$6,246AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$45,867CashBOYAmt
Cash EOY$48,973CashEOYAmt
Cash EOYFMV$48,973CashEOYFMVAmt
Sav And Temp Cash Invst BOY$197,845SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$156,585SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$156,585SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$2,430RcvblFromOfficersEOYAmt
Corporate Stock BOY$785,130CorporateStockBOYAmt
Corporate Stock EOY$785,130CorporateStockEOYAmt
Corporate Stock EOYFMV$1,836,066CorporateStockEOYFMVAmt
Other Assets BOY$58,207OtherAssetsBOYAmt
Other Assets EOY$58,207OtherAssetsEOYAmt
Other Assets EOYFMV$58,207OtherAssetsEOYFMVAmt
Total Assets BOY$1,087,049TotalAssetsBOYAmt
Total Assets EOY$1,051,325TotalAssetsEOYAmt
Total Assets EOYFMV$2,099,831TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,087,049NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,051,325NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,087,049TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,051,325TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,087,049TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,051,325TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,087,049TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$35,724ExcessRevenueOverExpensesAmt
Subtotal$1,051,325SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,051,325TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$87InvestmentIncomeExciseTaxAmt
Subtotal$87SubtotalAmt
Tax Based On Investment Income$87TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$150ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$150TotalPaymentsAndCreditsAmt
Overpayment$63OverpaymentAmt
Applied To ES Tax$63AppliedToESTaxAmt

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 Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9733459111PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1153 ONSLOW PLACEAddressLine1Txt
CityKEW GARDENSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11415ZIPCd
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12022UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DANIEL LAUFER
153 ONSLOW PLACEKEW GARDENSNY11415President1.00$0
BENJAMIN LAUFER
19 WAVERLY PLACELAWRENCENY11559Treasurer0.00$0
STEVEN LAUFER
231 POLO LANELAWRENCENY11559Secretary0.00$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$1,710,582AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$223,635AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,934,217TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,934,217AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$29,013CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,905,204NetVlNoncharitableAssetsAmt
Minimum Investment Return$95,260MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$95,260MinimumInvestmentReturnAmt
Tax Based On Investment Income$87TaxBasedOnInvestmentIncomeAmt
Total Tax$87TotalTaxAmt
Distributable Before Adj$95,173DistributableBeforeAdjAmt
Distributable Before Ded$95,173DistributableBeforeDedAmt
Distributable As Adjusted$95,173DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$41,853ExpensesAndContributionsAmt
Qualifying Distributions$41,853QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$95,173DistributableAsAdjustedAmt
Undistributed Income PY$82,184UndistributedIncomePYAmt
Qualifying Distributions$41,853QualifyingDistributionsAmt
Applied To Year1$41,853AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Taxable2$40,331Taxable2Amt
Undistributed Income CY$95,173UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
KEW GARDENS SYNAGOGUE
82-17 LEFFERTS BOULEVARDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$12,172
QUEENS HATZOLAH
83-26 BREVOORT STREETKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,500
YOUNG ISRAEL OF RIVERDALE
4502 HENRY HUDSON PARKWAYRIVERDALENY10471NONEPCGENERAL CONTRIBUTION$500
RABBINIACAL COLLEGE OF AMERICA
226 SUSSEX AVENUEMORRISTOWNNJ07960NONEPCGENERAL CONTRIBUTION$180
YESHIVA OF SOUTH SHORE
1170 WILLIAM STREETHEWLETTNY11557NONEPCGENERAL CONTRIBUTION$10,000
YOUNG ISRAEL OF LAWRENCE-CEDARHURST
8 SPRUCE STREETCEDARHURSTNY11516NONEPCGENERAL CONTRIBUTION$1,000
YESHIVA GEDOLA OF CARTERET
42 NOE STREETCARTERETNJ07008NONEPCGENERAL CONTRIBUTION$1,000
CONGREGATION ADAS YEREIM OF KEW GAR
12231 METROPOLITAN AVENUEKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$1,300
YESHIVA OF CENTRAL QUEENS
147-37 70TH ROADFLUSHINGNY11367NONEPCGENERAL CONTRIBUTION$1,800
BLOOM FOOD MARKET-YESHIVA BOYAN
4315 12TH AVEBROOKLYNNY11219NONEPCDISTRIBUTION OF FOOD TO NEEDY$500
YESHIVA GEDOLA BAIS YISROEL
1731 RIDGE AVENUELAKEWOODNJ08701NONEPCGENERAL CONTRIBUTION$1,000
ANSHE SHALOM CHABAD
82-52 ABINGTON RDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$101
CHAVERIM OF QUEENS
84-20 118TH STREETKEW GARDENNY11415NONEPCGENERAL CONTRIBUTION$1,000
CONGREGATION NACHLAS AVOS
113-25 MYRTLE AVEJAMAICANY11418NONEPCGENERAL CONTRIBUTION$7,500
CONGREGATION NACHLAS SHMUEL
8261 BEVERLY RDKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$300
DIVREI CHIZUK
83-21 125TH STREETKEW GARDENSNY11415NONEPCGENERAL CONTRIBUTION$500
JEFF SHIRA EISENBERG FOUNDATION
3 COOPERBEECH LANELAWRENCENY11559NONEPCGENERAL CONTRIBUTION$1,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$41,853TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$256ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,490ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,746ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,746TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryIVES & SULTAN, LLPCategoryTxt
Amt$2,500Amt
Net Investment Income$2,500NetInvestmentIncomeAmt
Adjusted Net Income$2,500AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
3,800 SHS. BERKSHIRE HATHAWAY INC$552,722$1,545,840
200 SHS. ORACLE CORP.$6,458$28,240
500 SHS. WEBSTER FINANCIAL$5,573$10,069
100 SHS. BAUSCH HEALTH COMPANIES$8,277$697
6,000 SHS. NEWMONT MINING$212,100$251,220

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRELIGIOUS ARTICLESDesc
BOY Book Value$58,207BOYBookValueAmt
EOY Book Value$58,207EOYBookValueAmt
EOYFMV$58,207EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXESCategoryTxt
Amt$117Amt

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