NER TZION FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
NER TZION FOUNDATION (EIN 02-0613293)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202503219349108725
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)
Return2025-11-17T19:26:14-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Barnes Asset Management Group LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15728 LBJ Freeway Ste 260AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75240ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN020613293EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Ner Tzion FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Barry KleinInCareOfNm
Business Name ControlNERTBusinessNameControlTxt
Phone5614039730PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11300 Washington Ave STE 617AddressLine1Txt
CityMiami BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33119ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBARRY KLEINPersonNm
Person TitleDirectorPersonTitleTxt
Phone5614039730PhoneNum
Signature2025-11-14SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBENJAMIN ENGSTROMPreparerPersonNm
PTINP01318782PTIN
Phone5614039730PhoneNum
Preparation2025-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$24,548,076FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$538,415DividendsRevAndExpnssAmt
Dividends Net Invst Incm$538,415DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$18,463NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,887,992GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$18,463CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$556,878TotalRevAndExpnssAmt
Total Net Invst Incm$556,878TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$39,600CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$19,800CompOfcrDirTrstNetInvstIncmAmt
Interest Rev And Expnss$12,057InterestRevAndExpnssAmt
Interest Net Invst Incm$12,057InterestNetInvstIncmAmt
Other Expenses Rev And Expnss$52,667OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$51,726OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$104,324TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$83,583TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,164,721ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,164,721ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,269,045TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$83,583TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$1,164,721TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$712,167ExcessRevenueOverExpensesAmt
Net Investment Income$473,295NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,282,413CashBOYAmt
Cash EOY$1,213,536CashEOYAmt
Cash EOYFMV$1,213,536CashEOYFMVAmt
Corporate Stock BOY$4,939,499CorporateStockBOYAmt
Corporate Stock EOY$5,739,014CorporateStockEOYAmt
Corporate Stock EOYFMV$5,739,014CorporateStockEOYFMVAmt
Corporate Bonds BOY$3,892,811CorporateBondsBOYAmt
Corporate Bonds EOY$3,130,511CorporateBondsEOYAmt
Corporate Bonds EOYFMV$3,130,511CorporateBondsEOYFMVAmt
Invst Land Cost Or Other Basis$14,430,490InvstLandCostOrOtherBasisAmt
Land Bldg Investments BOY$11,620,333LandBldgInvestmentsBOYAmt
Land Bldg Investments EOY$14,430,490LandBldgInvestmentsEOYAmt
Land Bldg Investments EOYFMV$14,430,490LandBldgInvestmentsEOYFMVAmt
Other Assets EOY$34,525OtherAssetsEOYAmt
Other Assets EOYFMV$34,525OtherAssetsEOYFMVAmt
Total Assets BOY$21,735,056TotalAssetsBOYAmt
Total Assets EOY$24,548,076TotalAssetsEOYAmt
Total Assets EOYFMV$24,548,076TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$21,735,056NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$24,548,076NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$21,735,056TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$24,548,076TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$21,735,056TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$24,548,076TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$21,735,056TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$712,167ExcessRevenueOverExpensesAmt
Other Increases$3,525,187OtherIncreasesAmt
Subtotal$24,548,076SubtotalAmt
Tot Net Ast Or Fund Balances EOY$24,548,076TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Bank of America Corp NotesP2019-10-172024-10-22$500,000$500,000
Wells Fargo & Co NotesP2023-08-032024-06-17$500,000$499,261$739$739
Citigroup IncP2019-09-062024-09-12$500,000$506,250-$6,250-$6,250
Ford Motor CorpP2023-11-062024-11-20$250,000$250,000
JP Morgan Chase NotesP2023-10-192024-12-16$500,000$496,250$3,750$3,750
Zions BancorpP2013-08-122024-12-16$250,000$249,788$212$212
Energy Transfer LPP2014-04-092024-02-28$271,131$277,050-$5,919-$5,919
American Securities Partner VIIIP2020-12-312024-12-31$54,377$54,377$54,377
Private Credit Secondaries FundP2024-01-012024-12-31$1,500$1,500$1,500
TZP Capital IIIP2024-01-012024-12-31$4,369-$4,369-$4,369
TZP Capital IIP2020-01-012024-12-31$43,113$43,113$43,113
West Street VIIP2024-01-012024-12-31$86,561-$86,561-$86,561
West Street VIIP2020-01-012024-12-31$8,981$8,981$8,981
West Street VII BP2020-01-012024-12-31$8,890$8,890$8,890
FieldValueIRS element (for citing)
Capital Gain Net Income$18,463CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$88,691NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,579InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$6,579SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$6,579TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,776EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,776TotalPaymentsAndCreditsAmt
Overpayment$197OverpaymentAmt
Applied To ES Tax$197AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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
Individual With BooksBENJAMIN ENGSTROMIndividualWithBooksNm
Phone5614039730PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1500 Alton RoadAddressLine1Txt
CityMiami BeachCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Barry Klein
1300 Washington AveMiami BeachFL33119Director5.00$0$0$0
Elaine Klein
1300 Washington AveMiami BeachFL33119Secretary1.00$0$0$0
Keren Lavyad
1300 Washington AveMiami BeachFL33119Director1.00$0$0$0
Benjamin Engstrom
1300 Washington AveMiami BeachFL33119Director1.00$39,600$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1naDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1naDescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$22,692,177AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$847,286AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$7,967FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$23,547,430TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$23,547,430AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$353,211CashDeemedCharitableAmt
Net Vl Noncharitable Assets$23,194,219NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,159,711MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,159,711MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,579TaxBasedOnInvestmentIncomeAmt
Total Tax$6,579TotalTaxAmt
Distributable Before Adj$1,153,132DistributableBeforeAdjAmt
Distributable Before Ded$1,153,132DistributableBeforeDedAmt
Distributable As Adjusted$1,153,132DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,164,721ExpensesAndContributionsAmt
Qualifying Distributions$1,164,721QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,153,132DistributableAsAdjustedAmt
Undistributed Income PY$993,479UndistributedIncomePYAmt
Qualifying Distributions$1,164,721QualifyingDistributionsAmt
Applied To Year1$993,479AppliedToYear1Amt
Applied To Current Year$171,242AppliedToCurrentYearAmt
Undistributed Income CY$981,890UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerBARRY KLEINContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
My Keren Hashluchim
398 Crown StreetBrooklynNY11225PCGeneral Support$10,000
The Ottawa Jewish Community School
PCGeneral Support$3,72131 Nadolny Sachs PrivateOttawaOttawaCAK2A1L9
The Central Fund of Israel
980 Avenue of the AmericasNew YorkNY10018PCGeneral Support$1,150,000
Livingston Fire Rescue
414 E Callender StLivingstonMT59047PCGeneral Support$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,164,721TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$538,415ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$18,463ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$556,878ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$556,878TotalIncomeProducingActyAmt

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

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp

FieldValueIRS element (for citing)
BondCorporate BondsBondNm
EOY Book Value$3,130,511EOYBookValueAmt
EOYFMV$3,130,511EOYFMVAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCorporate StockStockNm
EOY Book Value$5,739,014EOYBookValueAmt
EOYFMV$5,739,014EOYFMVAmt

Investments Land Schedule2 InvestmentsLandSchedule2

Investment Land InvestmentLandGrp

FieldValueIRS element (for citing)
Category Or ItemPrivate FundsCategoryOrItemTxt
Cost Or Other Basis$14,430,490CostOrOtherBasisAmt
Accumulated Depreciation$0AccumulatedDepreciationAmt
Book Value$14,430,490BookValueAmt
EOYFMV$14,430,490EOYFMVAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRedemption ReceivableDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$34,525EOYBookValueAmt
EOYFMV$34,525EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
Investment Expenses$49,807$49,807$0$0
Licenses and Fees$941$0$0$0
Foreign Taxes$1,919$1,919$0$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUnrealized GainsDesc
Amt$3,525,187Amt

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