YIELDSTREET FOUNDATION CORP: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: YIELDSTREET FOUNDATION CORP (EIN 83-1006415)
Tax period: 2019-07-01 to 2020-06-30
Filed: 2020-11-16
IRS object ID: 202043219349104329
Schema version: 2019v5.1
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
Form 990-PF
Schedule B
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-16T03:05:09-00:00	ReturnTs
Tax Period End	2020-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Accounting Plus Services LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	301 Oxford Valley Road Suite 506B	AddressLine1Txt
City	Yardley	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19067	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	831006415	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YIELDSTREET FOUNDATION CORP	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	YIEL	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	300 PARK AVENUE 15TH FLOOR	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10017	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MILIND MEHERE	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Signature	2020-11-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Douglas W Ofcharsky	PreparerPersonNm
Phone	2153693400	PhoneNum
Preparation	2020-11-16	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	68.82.233.164	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-16	IPDt
IP Tm	19:55:25	IPTm
IP Timezone	ES	IPTimezoneCd
Federal Original Submission Id	2305642020197tau7zao	FederalOriginalSubmissionId
Federal Original Submission Id	2020-11-16	FederalOriginalSubmissionIdDt
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	CAF71278A87A463728321E5FE5F157A7AE5ABCF1	AtSubmissionCreationDeviceId
At Submission Filing Device Id	96546D6163133869BE38B57DBE87BCB6968947B0	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$260,758	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$590,982	ContriRcvdRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$590,982	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Other Expenses Rev And Expnss	$140	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$140	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$430,084	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$430,084	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$430,224	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$430,084	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$160,758	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$100,000	CashBOYAmt
Cash EOY	$260,758	CashEOYAmt
Cash EOYFMV	$260,758	CashEOYFMVAmt
Total Assets BOY	$100,000	TotalAssetsBOYAmt
Total Assets EOY	$260,758	TotalAssetsEOYAmt
Total Assets EOYFMV	$260,758	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$100,000	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$260,758	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$100,000	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$260,758	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$100,000	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$260,758	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$100,000	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$160,758	ExcessRevenueOverExpensesAmt
Subtotal	$260,758	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$260,758	TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	false	LiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1	$98,500	NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets	$177,673	NetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct	$0	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$430,084	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	false	ComplyWithPublicInspRqrInd
Individual With Books	MILIND MEHERE	IndividualWithBooksNm
Phone	2153693400	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	300 PARK AVENUE 15TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10017	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Maintained Expenditure Rspns	false	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
MILIND MEHERE
300 PARK AVENUE 15TH FL	NEW YORK	NY	10017	DIRECTOR	002.00	$0
MICHAEL WEISZ
300 PARK AVENUE 15TH FL	NEW YORK	NY	10017	DIRECTOR	001.00	$0
IVOR WOLK
300 PARK AVENUE 15TH FL	NEW YORK	NY	10017	DIRECTOR	001.00	$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt
Expenses1	$0	Expenses1Amt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$180,379	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$180,379	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$180,379	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$2,706	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$177,673	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$8,884	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$8,884	MinimumInvestmentReturnAmt
Distributable Before Adj	$8,884	DistributableBeforeAdjAmt
Distributable Before Ded	$8,884	DistributableBeforeDedAmt
Distributable As Adjusted	$8,884	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$430,084	ExpensesAndContributionsAmt
Qualifying Distributions	$430,084	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$430,084	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$8,884	DistributableAsAdjustedAmt
Undistributed Income PY	$4,925	UndistributedIncomePYAmt
Qualifying Distributions	$430,084	QualifyingDistributionsAmt
Applied To Year1	$4,925	AppliedToYear1Amt
Applied To Current Year	$8,884	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$416,275	RemainingDistriFromCorpusAmt
Total Corpus	$416,275	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$416,275	ExcessDistriCyovToNextYrAmt
Excess From Current Year	$416,275	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
JEWISH LITERACY FOUNDATION
600 REISTERSTOWN ROAD ST 514	PIKESVILLE	MD	21208	PC	CHARITABLE	$15,000
FRIENDS OF HATZALA
208 E 51ST ST NO 303	NEW YORK	NY	10022	PC	CHARITABLE	$166,000
CHESED FUND
300 PARK AVE 15TH FL	NEW YORK	NY	10017	PC	CHARITABLE	$3,600
AHAVAS TORAH
1655 E 24TH ST	BROOKLYN	NY	11229	PC	CHARITABLE	$15,000
CONG BAIS AVROHON ZEV OF LAWRENCE
2 ROCKAWAY TURNPIKE	LAWRENCE	NY	11559	PC	CHARITABLE	$4,500
KAC
300 PARK AVE 15TH FL	NEW YORK	NY	10017	PC	CHARITABLE	$1,800
ZICHRON KELEM
1842 CONEY ISLAND AVE	BROOKLYN	NY	11230	PC	CHARITABLE	$5,000
KEREN ESTHER FOUNDATION
1 N SHERRI LANE	SPRING VALLEY	NY	10977	PC	CHARITABLE	$40,000
CONG SHAREI SIMCHA
14 ELIE CT	STATEN ISLAND	NY	10314	PC	CHARITABLE	$3,000
SIMCHAT TZION
428 CLIFTON AVE	LAKEWOOD	NJ	08701	PC	CHARITABLE	$1,800
YAD ELIEZER
410 GLENN ROAD	JACKSON	NJ	08527	PC	CHARITABLE	$27,500
AVIGDOR'S HELPING HAND
138 78TH DR	FLUSHING	NY	11367	PC	CHARITABLE	$10,000
MESORA HERITAGE FOUNDATION
313 REGINA AVE	RAHWAY	NJ	07065	PC	CHARITABLE	$2,084
GATEWAYS ORGANIZATION
11 WALLENBERG CIRCLE	MONSEY	NY	10952	PC	CHARITABLE	$3,000
BAIS MEDRASH ELYON
73 MAIN ST	MONSEY	NY	10952	PC	CHARITABLE	$100,000
HORACE MANN SCHOOL
231 W 246TH ST	BRONX	NY	10471	PC	CHARITABLE	$30,000
MESIVTA NETZCH HATORAH
111 IRVING PLACE	WOODMERE	NY	11598	PC	CHARITABLE	$1,800

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$430,084	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd

Contributor Information ContributorInformationGrp (6 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Address Line1ContributorForeignAddress/AddressLine1Txt	Province Or StateContributorForeignAddress/ProvinceOrStateNm	CountryContributorForeignAddress/CountryCd
MICHAEL WEISZ
1	300 PARK AVENUE 15TH FL	NEW YORK	NY	10017	$200,000	Yes (X)
ILAN STERN
2	151 EAST 85TH ST	NEW YORK	NY	10028	$5,000	Yes (X)
MITZMAN FAMILY OFFICE
3	2234 N FEDERAL HWY	BOCA RATON	FL	33431	$5,000	Yes (X)
FINANCIAL RECOVERY SERVICES
4	4510 W 77TH ST SUITE 200	EDINA	MN	55435	$20,000	Yes (X)
TIMES NAVIGATION
5					$33,000	Yes (X)	LEOF MESOGEION 2	ATHINA	GR
MILIND MEHERE
6	300 PARK AVENUE 15TH FL	NEW YORK	NY	10017	$30,000	Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Field	Value	IRS element (for citing)
Desc	FEES	Desc
Revenue And Expenses Per Books	$140	RevenueAndExpensesPerBooksAmt

YIELDSTREET FOUNDATION CORP: Form 990PF, tax year 2019

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (6 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

Comments