MAB FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-07
IRS object ID
201933119349100508
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)
Return2019-11-07T06:48:49-08:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113108982PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1M FRIEDMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line118 HEYWARD ST 5TH FLAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11249ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113409995EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MAB FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMABFBusinessNameControlTxt
Phone2126120179PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN - 1 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAARON BIRNBAUMPersonNm
Person TitleTrusteePersonTitleTxt
Signature2019-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL FRIEDMAN CPAPreparerPersonNm
PTINP00159800PTIN
Phone7188529200PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$853,434FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$765,200ContriRcvdRevAndExpnssAmt
Gross Rents Rev And Expnss$37,624GrossRentsRevAndExpnssAmt
Gross Rents Net Invst Incm$37,624GrossRentsNetInvstIncmAmt
Net Rental Income Or Loss$37,552NetRentalIncomeOrLossAmt
Net Gain Sale Ast Rev And Expnss$2,377NetGainSaleAstRevAndExpnssAmt
Total Rev And Expnss$805,201TotalRevAndExpnssAmt
Total Net Invst Incm$37,624TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$7,125OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,125OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$7,125OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,125TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$7,125TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$937,900ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$937,900ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$945,025TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,125TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$945,025TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$139,824ExcessRevenueOverExpensesAmt
Net Investment Income$30,499NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$573,914CashBOYAmt
Cash EOY$491,145CashEOYAmt
Cash EOYFMV$491,145CashEOYFMVAmt
Other Assets BOY$420,156OtherAssetsBOYAmt
Other Assets EOY$362,289OtherAssetsEOYAmt
Other Assets EOYFMV$362,289OtherAssetsEOYFMVAmt
Total Assets BOY$994,070TotalAssetsBOYAmt
Total Assets EOY$853,434TotalAssetsEOYAmt
Total Assets EOYFMV$853,434TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$994,070UnrestrictedBOYAmt
Unrestricted EOY$853,434UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$994,070TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$853,434TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$994,070TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$853,434TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$994,070TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$139,824ExcessRevenueOverExpensesAmt
Subtotal$854,246SubtotalAmt
Other Decreases$812OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$853,434TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,134,972AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,195,754NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.94917DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,053,235AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,542,968NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.68260DistributionYr2Rt
Adjusted Qlfy Distri Yr3$1,152,665AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,467,090NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.78568DistributionYr3Rt
Adjusted Qlfy Distri Yr4$1,028,667AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,370,422NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.75062DistributionYr4Rt
Adjusted Qlfy Distri Yr5$606,244AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,292,246NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.46914DistributionYr5Rt
Total Distribution3.637213TotalDistributionRt
Average Distribution0.727443AverageDistributionRt
Net Vl Noncharitable Assets$878,442NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$639,016AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$305NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$639,321AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$945,025QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$305InvestmentIncomeExciseTaxAmt
Subtotal$305SubtotalAmt
Tax Based On Investment Income$305TaxBasedOnInvestmentIncomeAmt
Tax Due$305TaxDueAmt

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 Line1AARON BIRNBAUMBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2129723600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN-1 BATTERY PARK PLAZA NAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
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
AARON BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Trustee0.00$0
ALISA BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Treasurer0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$529,530AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$362,289FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$891,819TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$891,819AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,377CashDeemedCharitableAmt
Net Vl Noncharitable Assets$878,442NetVlNoncharitableAssetsAmt
Minimum Investment Return$43,922MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$43,922MinimumInvestmentReturnAmt
Tax Based On Investment Income$305TaxBasedOnInvestmentIncomeAmt
Total Tax$305TotalTaxAmt
Distributable Before Adj$43,617DistributableBeforeAdjAmt
Distributable Before Ded$43,617DistributableBeforeDedAmt
Distributable As Adjusted$43,617DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$945,025ExpensesAndContributionsAmt
Qualifying Distributions$945,025QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$305PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$944,720AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$43,617DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$541,632ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$960,146ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,079,310ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$976,317ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,076,800ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$4,634,205TotalExcessDistributionCyovAmt
Qualifying Distributions$945,025QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$43,617AppliedToCurrentYearAmt
Remaining Distri From Corpus$901,408RemainingDistriFromCorpusAmt
Total Corpus$5,535,613TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$541,632ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,993,981ExcessDistriCyovToNextYrAmt
Excess From Year4$960,146ExcessFromYear4Amt
Excess From Year3$1,079,310ExcessFromYear3Amt
Excess From Year2$976,317ExcessFromYear2Amt
Excess From Year1$1,076,800ExcessFromYear1Amt
Excess From Current Year$901,408ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonVARIOUS QUALIFIED CHARITIESRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11 BATTERY PARK PLAZAAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationshipTxt
Recipient Foundation Status501 C3RecipientFoundationStatusTxt
Grant Or Contribution PurposeSEE ATTACHEDGrantOrContributionPurposeTxt
Amt$937,900Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$937,900TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$37,552RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,377RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$39,929RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$39,929TotalIncomeProducingActyAmt

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 (3 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
AARON BIRNBAUM
1C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$600,000Yes (X)
AMB CHARITABLE LEAD TRUST
2C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$90,000Yes (X)
MAB CHARITABLE LEAD TRUST
3C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$75,200Yes (X)

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESTMENT IN 963 CONEY ISLAND AVE$371,857$325,800$325,800
INVESTMENT IN RCG KENNEDY$8,159$7,349$7,349
L&E$40,140$29,140$29,140

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFEDERAL TAXESDesc
Amt$812Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEES$143$143$143
MISC. EXPENSES$5,110$5,110$5,110
PROFESSIONAL FEES$1,800$1,800$1,800
Rental Expenses$72$72$72

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