MAB FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-19
IRS object ID
201702929349100005
Schema version
2016v3.0
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)
Return2017-10-19T09:18:57-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2016-01-01TaxPeriodBeginDt

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

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
Signature2017-10-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL FRIEDMAN CPAPreparerPersonNm
PTINP00159800PTIN
Phone7188529200PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,528,629FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,015,200ContriRcvdRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$12,044NetGainSaleAstRevAndExpnssAmt
Other Income Rev And Expnss$11,741OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$11,741OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$1,038,985TotalRevAndExpnssAmt
Total Net Invst Incm$11,741TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$250OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$250OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$250OtherExpensesAdjNetIncmAmt
Other Expenses Dsbrs Chrtbl$250OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$250TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$250TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$250TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$1,053,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$1,053,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,053,350TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$250TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$250TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,053,350TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$14,365ExcessRevenueOverExpensesAmt
Net Investment Income$11,491NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,089,372CashBOYAmt
Cash EOY$1,013,699CashEOYAmt
Cash EOYFMV$1,013,699CashEOYFMVAmt
Other Assets BOY$453,622OtherAssetsBOYAmt
Other Assets EOY$514,930OtherAssetsEOYAmt
Other Assets EOYFMV$514,930OtherAssetsEOYFMVAmt
Total Assets BOY$1,542,994TotalAssetsBOYAmt
Total Assets EOY$1,528,629TotalAssetsEOYAmt
Total Assets EOYFMV$1,528,629TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$1,542,994UnrestrictedBOYAmt
Unrestricted EOY$1,528,629UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$1,542,994TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,528,629TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,542,994TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,528,629TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,542,994TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$14,365ExcessRevenueOverExpensesAmt
Subtotal$1,528,629SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,528,629TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$1,152,665AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,467,090NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.78568DistributionYr1Rt
Adjusted Qlfy Distri Yr2$1,028,667AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$1,370,422NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.75062DistributionYr2Rt
Adjusted Qlfy Distri Yr3$606,244AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,292,246NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.46914DistributionYr3Rt
Adjusted Qlfy Distri Yr4$601,072AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,046,888NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.57415DistributionYr4Rt
Adjusted Qlfy Distri Yr5$518,570AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$1,020,211NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.50830DistributionYr5Rt
Total Distribution3.087890TotalDistributionRt
Average Distribution0.617578AverageDistributionRt
Net Vl Noncharitable Assets$1,542,968NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$952,903AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$115NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$953,018AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$1,053,350QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$115InvestmentIncomeExciseTaxAmt
Subtotal$115SubtotalAmt
Tax Based On Investment Income$115TaxBasedOnInvestmentIncomeAmt
Tax Due$115TaxDueAmt

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

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 STREETBROOKLYNNY11210Trustee0.00$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$1,051,535AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$514,930FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,566,465TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,566,465AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$23,497CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,542,968NetVlNoncharitableAssetsAmt
Minimum Investment Return$77,148MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$77,148MinimumInvestmentReturnAmt
Tax Based On Investment Income$115TaxBasedOnInvestmentIncomeAmt
Total Tax$115TotalTaxAmt
Distributable Before Adj$77,033DistributableBeforeAdjAmt
Distributable Before Ded$77,033DistributableBeforeDedAmt
Distributable As Adjusted$77,033DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,053,350ExpensesAndContributionsAmt
Qualifying Distributions$1,053,350QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$115PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$1,053,235AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$77,033DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$467,559ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$548,728ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$541,632ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$960,146ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,079,310ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$3,597,375TotalExcessDistributionCyovAmt
Qualifying Distributions$1,053,350QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$77,033AppliedToCurrentYearAmt
Remaining Distri From Corpus$976,317RemainingDistriFromCorpusAmt
Total Corpus$4,573,692TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$467,559ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$4,106,133ExcessDistriCyovToNextYrAmt
Excess From Year4$548,728ExcessFromYear4Amt
Excess From Year3$541,632ExcessFromYear3Amt
Excess From Year2$960,146ExcessFromYear2Amt
Excess From Year1$1,079,310ExcessFromYear1Amt
Excess From Current Year$976,317ExcessFromCurrentYearAmt

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$1,053,100Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$1,053,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,741RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$12,044RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23,785RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,785TotalIncomeProducingActyAmt

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 (4 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
AARON BIRNBAUM
1C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$350,000Yes (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)
MERIDIAN CAPITAL
4C/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004$500,000Yes (X)

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESTMENT IN 963 CONEY ISLAND AVE$417,555$364,857$364,857
INVESTMENT IN RCG KENNEDY$15,927$9,933$9,933
L&E$20,140$140,140$140,140

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFEESDesc
Revenue And Expenses Per Books$250RevenueAndExpensesPerBooksAmt
Net Investment Income$250NetInvestmentIncomeAmt
Adjusted Net Income$250AdjustedNetIncomeAmt
Disbursements Charitable Prps$250DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescRental Income - Noninvestment PropertyDesc
Revenue And Expenses Per Books$11,741RevenueAndExpensesPerBooksAmt

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