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SHULEM AND CHANY MERMELSTEIN FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SHULEM AND CHANY MERMELSTEIN FOUNDATION (EIN 81-0917633)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-09-16
IRS object ID
202532599349100013
Schema version
2024v5.2
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)
Return2025-09-16T15:40:26-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461930598PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Jacob Frieder CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line19 Ostereh BlvdAddressLine1Txt
CitySpring ValleyCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN810917633EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SHULEM AND CHANY MERMELSTEIN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHULBusinessNameControlTxt
Phone8457504657PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 NEW COUNTY RDAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHULEM MERMELSTEINPersonNm
Person TitleTrusteePersonTitleTxt
Signature2025-09-16SignatureDt
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 PersonJacob Frieder CPAPreparerPersonNm
PTINP00802946PTIN
Phone8456944524PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,010,046FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$720,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$8,597DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,597DividendsNetInvstIncmAmt
Dividends Adj Net Incm$8,597DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$19NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$56,593GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$19NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$728,622TotalRevAndExpnssAmt
Total Net Invst Incm$8,622TotalNetInvstIncmAmt
Total Adj Net Incm$8,622TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$543OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$543TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,086TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$89,278ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$89,278ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$90,364TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$89,278TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$638,258ExcessRevenueOverExpensesAmt
Net Investment Income$8,622NetInvestmentIncomeAmt
Adjusted Net Income$8,622AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$84,389CashBOYAmt
Cash EOY$721,618CashEOYAmt
Cash EOYFMV$721,618CashEOYFMVAmt
Mortgage Loans BOY$287,401MortgageLoansBOYAmt
Other Investments EOY$288,428OtherInvestmentsEOYAmt
Other Investments EOYFMV$288,428OtherInvestmentsEOYFMVAmt
Total Assets BOY$371,790TotalAssetsBOYAmt
Total Assets EOY$1,010,046TotalAssetsEOYAmt
Total Assets EOYFMV$1,010,046TotalAssetsEOYFMVAmt
Other Liabilities BOY$2OtherLiabilitiesBOYAmt
Total Liabilities BOY$2TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$371,788NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,010,046NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$371,788TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,010,046TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$371,790TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,010,046TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$371,788TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$638,258ExcessRevenueOverExpensesAmt
Subtotal$1,010,046SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,010,046TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
How AcquiredPHowAcquiredCd
Gross Sales Price$56,593GrossSalesPriceAmt
Cost Or Other Basis$56,574CostOrOtherBasisAmt
Gain Or Loss$19GainOrLossAmt
Gains Minus Excess Or Losses$19GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$19CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$19NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$120InvestmentIncomeExciseTaxAmt
Subtotal$120SubtotalAmt
Tax Based On Investment Income$120TaxBasedOnInvestmentIncomeAmt
Tax Due$120TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
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 Line1SHULEM AND CHANY MERMELSTEIN FBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8457504657PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line140 NEW COUNTY RDAddressLine1Txt
CityAIRMONTCityNm
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
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

FieldValueIRS element (for citing)
PersonSHULEM MERMELSTEINPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 NEW COUNTY RDAddressLine1Txt
CityAIRMONTCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
TitleTrusteeTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,010,046FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,010,046TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,010,046AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,151CashDeemedCharitableAmt
Net Vl Noncharitable Assets$994,895NetVlNoncharitableAssetsAmt
Minimum Investment Return$49,745MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$49,745MinimumInvestmentReturnAmt
Tax Based On Investment Income$120TaxBasedOnInvestmentIncomeAmt
Total Tax$120TotalTaxAmt
Distributable Before Adj$49,625DistributableBeforeAdjAmt
Distributable Before Ded$49,625DistributableBeforeDedAmt
Distributable As Adjusted$49,625DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$89,278ExpensesAndContributionsAmt
Qualifying Distributions$89,278QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$49,625DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$242,572ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$153,192ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$395,764TotalExcessDistributionCyovAmt
Qualifying Distributions$89,278QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$49,625AppliedToCurrentYearAmt
Remaining Distri From Corpus$39,653RemainingDistriFromCorpusAmt
Total Corpus$435,417TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$435,417ExcessDistriCyovToNextYrAmt
Excess From Year2$242,572ExcessFromYear2Amt
Excess From Year1$153,192ExcessFromYear1Amt
Excess From Current Year$39,653ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Keren Gershon Dov
9 SOUTH POST LANEAIRMONTNY10952PCCharitable$8,750
The OJC Fund
1303 53rd StBrooklynNY11219PCCharitable$18,600
Tomchei Torah
1966 Ocean AveBrooklynNY11230PCCharitable$12,900
Varoius
VariousSpring ValleyNY10977PCCharitable$2,710
United Talmudical Academy
Spring ValleySpring ValleyNY10977PCCharitable$6,750
Matbia Charities
5314 16th AveBrooklynNY11204PCCharitable$3,568
Camp Hasc
1563 49th StBrooklynNY11219PCCharitable$10,000
Congregation Beth Baruch
BrooklynBrooklynNY11211PCCharitable$26,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$89,278TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion$8,597ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$19RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,603ExclusionAmt
Related Or Exempt Function Incm$19RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,622TotalIncomeProducingActyAmt

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 PersonBayit CorpContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line140 New County RdAddressLine1Txt
CityAirmontCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Total Contributions$720,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
Amt$543Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$543Amt

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