JAY & BLUM CHARITY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
JAY & BLUM CHARITY FOUNDATION INC (EIN 46-4433898)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-13
IRS object ID
201743179349101324
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)
Return2017-11-13T12:51:19-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133624679PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DAVID FISCH & CO CPAS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13854 FLATLANDS AVEAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11234ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464433898EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JAY & BLUM CHARITY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJAY&BusinessNameControlTxt
Phone8457827494PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line126 RUZHIN RD RM/STE 301AddressLine1Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOEL CHAIMPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8457827494PhoneNum
Signature2017-10-31SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAVROHOM FISCHPreparerPersonNm
PTINP01871253PTIN
Phone7183384900PhoneNum
Preparation2017-10-31PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdB7E97F82D1FF159AA09671B5445AD8208C3509E8AtSubmissionCreationDeviceId
At Submission Filing Device IdB7E97F82D1FF159AA09671B5445AD8208C3509E8AtSubmissionFilingDeviceId
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$347,962FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$130,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$6,752DividendsRevAndExpnssAmt
Dividends Net Invst Incm$6,752DividendsNetInvstIncmAmt
Dividends Adj Net Incm$6,752DividendsAdjNetIncmAmt
Total Rev And Expnss$136,752TotalRevAndExpnssAmt
Total Net Invst Incm$6,752TotalNetInvstIncmAmt
Total Adj Net Incm$6,752TotalAdjNetIncmAmt
Taxes Rev And Expnss$250TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$250TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,039ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,039ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,289TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,039TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$111,463ExcessRevenueOverExpensesAmt
Net Investment Income$6,752NetInvestmentIncomeAmt
Adjusted Net Income$6,752AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$135,856CashBOYAmt
Cash EOY$247,284CashEOYAmt
Cash EOYFMV$247,285CashEOYFMVAmt
Corporate Stock BOY$109,409CorporateStockBOYAmt
Corporate Stock EOY$109,444CorporateStockEOYAmt
Corporate Stock EOYFMV$100,677CorporateStockEOYFMVAmt
Total Assets BOY$245,265TotalAssetsBOYAmt
Total Assets EOY$356,728TotalAssetsEOYAmt
Total Assets EOYFMV$347,962TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$245,265RetainedEarningBOYAmt
Retained Earning EOY$356,728RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$245,265TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$356,728TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$245,265TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$356,728TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$245,265TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$111,463ExcessRevenueOverExpensesAmt
Subtotal$356,728SubtotalAmt
Tot Net Ast Or Fund Balances EOY$356,728TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$10,105AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$177,922NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.056795DistributionYr1Rt
Adjusted Qlfy Distri Yr2$19,761AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$191,324NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.103286DistributionYr2Rt
Total Distribution0.160081TotalDistributionRt
Average Distribution0.080041AverageDistributionRt
Net Vl Noncharitable Assets$240,201NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$19,226AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$68NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$19,294AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$25,039QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$68InvestmentIncomeExciseTaxAmt
Subtotal$68SubtotalAmt
Tax Based On Investment Income$68TaxBasedOnInvestmentIncomeAmt
Applied To Es Tax$68AppliedToEsTaxAmt
Total Payments And Credits$68TotalPaymentsAndCreditsAmt

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 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
Individual With BooksJOEL CHAIMIndividualWithBooksNm
Phone8457827494PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line126 RUZHIN RDAddressLine1Txt
Address Line2UNIT 301AddressLine2Txt
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JOEL CHAIM
26 RUZHIN ROADUNIT 301MONROENY10950DIRECTOR000.00$0$0$0
BLIMA CHAIM
26 RUZHIN ROAD301MONROENY10950DIRECTOR000.00$0$0$0
YOEL WERZBERGER
5 MEZABISH PLACE201MONROENY10950DIRECTOR000.00$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$105,328AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$138,531AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$243,859TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$243,859AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,658CashDeemedCharitableAmt
Net Vl Noncharitable Assets$240,201NetVlNoncharitableAssetsAmt
Minimum Investment Return$12,010MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$12,010MinimumInvestmentReturnAmt
Tax Based On Investment Income$68TaxBasedOnInvestmentIncomeAmt
Total Tax$68TotalTaxAmt
Distributable Before Adj$11,942DistributableBeforeAdjAmt
Distributable Before Ded$11,942DistributableBeforeDedAmt
Distributable As Adjusted$11,942DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,039ExpensesAndContributionsAmt
Qualifying Distributions$25,039QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$68PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$24,971AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$11,942DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$10,258ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$1,334ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$11,592TotalExcessDistributionCyovAmt
Qualifying Distributions$25,039QualifyingDistributionsAmt
Applied To Current Year$11,942AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,097RemainingDistriFromCorpusAmt
Total Corpus$24,689TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$24,689ExcessDistriCyovToNextYrAmt
Excess From Year2$10,258ExcessFromYear2Amt
Excess From Year1$1,334ExcessFromYear1Amt
Excess From Current Year$13,097ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJOEL CHAIMContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AHAVAS CHESED
720 LEFFERETS AVEBROOKLYNNY11203NONENONETO SUPPORT A MEDICAL REFERAL LINE$530
UTA MESIVTA
48 BAKER TOWNKIRYAS JOELNY10950NONENONETO SUPPORT RELIGIOUS POST SECONDARY$10,000
CONG AVNEI TZEDEK
13 RUZHIN ROADMONROENY10950NONENONETO SUPPORT SYNAGOUGE MAINTENENCE$14,509
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,039TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,752RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,752RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$6,752TotalIncomeProducingActyAmt

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 PersonJOEL CHAIMContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line126 RUZHIN ROADAddressLine1Txt
Address Line2UNIT 301AddressLine2Txt
CityMONROECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10950ZIPCd
FieldValueIRS element (for citing)
Total Contributions$130,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BUSINESS DEVELOPMENT CORP OF AMERICA$54,903$45,547
REALTY FINANCE TRUST INC$54,541$55,130

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
STATE FILLING FEE$125
FEDERAL TAXES$125

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