SPG FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
SPG FOUNDATION INC (EIN 85-1625224)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-17
IRS object ID
202543219349106704
Schema version
2024v5.0
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)
Return2025-11-17T16:46:31-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811493954PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHWARTZ AND COMPANY CPA'S PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1110 ACRES ROADAddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN851625224EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPG FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPGFBusinessNameControlTxt
Phone7183870512PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RD SUITE 316-609AddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10949ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHIMON GERTNERPersonNm
Person TitleOFFICERPersonTitleTxt
Phone7183870512PhoneNum
Signature2025-11-17SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonABRAHAM J SCHWARTZ CPAPreparerPersonNm
PTINP00506015PTIN
Phone8457830062PhoneNum
Preparation2025-11-17PreparationDt
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$1,919,464FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$2,696DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,696DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,696DividendsAdjNetIncmAmt
Other Income Rev And Expnss$51,751OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$51,751OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$59,447TotalRevAndExpnssAmt
Total Net Invst Incm$2,696TotalNetInvstIncmAmt
Total Adj Net Incm$54,447TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$2,744OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,744TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$130,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$130,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$133,444TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$130,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$73,997ExcessRevenueOverExpensesAmt
Net Investment Income$2,696NetInvestmentIncomeAmt
Adjusted Net Income$54,447AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$370,426CashBOYAmt
Cash EOY$482CashEOYAmt
Cash EOYFMV$482CashEOYFMVAmt
Acct Rcvbl$170,555AcctRcvblAmt
Acct Rcvbl BOY$118,804AcctRcvblBOYAmt
Acct Rcvbl EOY$170,555AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$170,555AcctRcvblEOYFMVAmt
Other Nts And Loans Rcvbl$1,219,001OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$1,504,085OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$1,219,001OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$1,219,001OtherNtsAndLoansRcvblEOYFMVAmt
US Government Obligations EOY$529,426USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$529,426USGovtObligationsEOYFMVAmt
Total Assets BOY$1,993,315TotalAssetsBOYAmt
Total Assets EOY$1,919,464TotalAssetsEOYAmt
Total Assets EOYFMV$1,919,464TotalAssetsEOYFMVAmt
Other Liabilities EOY$146OtherLiabilitiesEOYAmt
Total Liabilities EOY$146TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,993,315NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,919,318NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,993,315TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,919,318TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,993,315TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,919,464TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,993,315TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$73,997ExcessRevenueOverExpensesAmt
Subtotal$1,919,318SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,919,318TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$37InvestmentIncomeExciseTaxAmt
Subtotal$37SubtotalAmt
Tax Based On Investment Income$37TaxBasedOnInvestmentIncomeAmt
Tax Due$37TaxDueAmt

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 Line1AHARON OSTREICHERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7183870512PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RD SUITE 316-609AddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
AHARON OSTREICHER
11 VANDERBILTHIGHLAND MILLSNY10930OFFICER1.00$0$0$0
PERL GERTNER
144 BATES DRMONSEYNY10952OFFICER1.00$0$0$0
SHIMON GERTNER
144 BATES DRIVEMONSEYNY10952OFFICER1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$59,559AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$172,503AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$1,389,556FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,621,618TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$1,621,618AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,324CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,597,294NetVlNoncharitableAssetsAmt
Minimum Investment Return$79,865MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$79,865MinimumInvestmentReturnAmt
Tax Based On Investment Income$37TaxBasedOnInvestmentIncomeAmt
Total Tax$37TotalTaxAmt
Distributable Before Adj$79,828DistributableBeforeAdjAmt
Distributable Before Ded$79,828DistributableBeforeDedAmt
Distributable As Adjusted$79,828DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$130,700ExpensesAndContributionsAmt
Qualifying Distributions$130,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$79,828DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$4,042ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$175,296ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$111,751ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$234,494ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$525,583TotalExcessDistributionCyovAmt
Qualifying Distributions$130,700QualifyingDistributionsAmt
Applied To Current Year$79,828AppliedToCurrentYearAmt
Remaining Distri From Corpus$50,872RemainingDistriFromCorpusAmt
Total Corpus$576,455TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$576,455ExcessDistriCyovToNextYrAmt
Excess From Year4$4,042ExcessFromYear4Amt
Excess From Year3$175,296ExcessFromYear3Amt
Excess From Year2$111,751ExcessFromYear2Amt
Excess From Year1$234,494ExcessFromYear1Amt
Excess From Current Year$50,872ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonSPG FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line151 FOREST RDAddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7183870512RecipientPhoneNum
Form And Info And MaterialsLETTER STATING ACTIVITIES AND PURPOSE OF GRANTFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNONERestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Business Name Line2RecipientBusinessName/BusinessNameLine2TxtAddress Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE OJC FUND
THE OJC FUND1303 53RD STBROOKLYNNY11219N/ANCFOR PROGRAM ASSISTANCE$105,600
CONGREGATION BAIS YAAKOV NECHAMIA
CONGREGATION BAIS YAAKOV NECHAMIA690 MYRTLE AVEBROOKLYNNY11205N/ANCFOR PROGRAM ASSISTANCE$22,600
CHASDEI MEIR INC
CHASDEI MEIR INC1519 E 27TH STBROOKLYNNY11229N/ANCFOR PROGRAM ASSISTANCE$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$130,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,696RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescINTEREST INCOMEDesc
Related Or Exempt Function Incm$51,751RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$54,447RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$54,447TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1EXCHANGE HOLDCO LLCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11125 OCEAN AVEAddressLine1Txt
CityLAKEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08701ZIPCd
FieldValueIRS element (for citing)
Total Contributions$5,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
PROFESSIONAL FEES$2,459
BANK SERVICE CHARGES$285

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINTEREST INCOMEDesc
Revenue And Expenses Per Books$51,751RevenueAndExpensesPerBooksAmt
Adjusted Net Income$51,751AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
EOY Book Value$146EOYBookValueAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1LOAN RECEIVABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$1,219,001BalanceDueAmt

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