CHESTNUT FOUNDATION: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- CHESTNUT FOUNDATION (EIN 46-3001070)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202513169349100231
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-12T12:48:03-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 SOUTH ORANGE AVENUE SUITE 900 | AddressLine1Txt |
| City | ORLANDO | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 32801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463001070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE CHESTNUT FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHES | BusinessNameControlTxt |
| Phone | 3102805015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 394 KENRIDGE RD | AddressLine1Txt |
| City | LAWRENCE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11559 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BENJAMIN KEST | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3102805015 | PhoneNum |
| Signature | 2025-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LACEY M QUATSOE | PreparerPersonNm |
| PTIN | P01300865 | PTIN |
| Phone | 4078021200 | PhoneNum |
| Preparation | 2025-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $12,593,184 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $136,471 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $454,987 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $454,978 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $109,911 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,071,658 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $109,473 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $469,677 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $61,540 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $1,171,046 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $625,991 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $92,743 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $37,097 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $55,646 | CompOfcrDirTrstDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $35,793 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $14,317 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $21,476 | PensionEmplBnftDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $25,192 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $11,097 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $14,095 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $56,682 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $56,682 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $21,442 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $3,442 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $1,300 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $1,300 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $233,152 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $122,635 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $92,517 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $813,257 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $813,257 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,046,409 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $122,635 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $905,774 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $124,637 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $503,356 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $70,312 | CashBOYAmt |
| Cash EOY | $148,736 | CashEOYAmt |
| Cash EOYFMV | $148,736 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $2,074,015 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,399,528 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,399,528 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $1,002,855 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $0 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $0 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $3,571,077 | CorporateStockBOYAmt |
| Corporate Stock EOY | $3,313,673 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $4,609,081 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $930,199 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $2,071,103 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $2,047,577 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $460,000 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $460,000 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $460,000 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $460,000 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $2,809,651 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,638,343 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $3,928,262 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $10,918,109 | TotalAssetsBOYAmt |
| Total Assets EOY | $11,031,383 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $12,593,184 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $10,918,109 | RetainedEarningBOYAmt |
| Retained Earning EOY | $11,031,383 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $10,918,109 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $11,031,383 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $10,918,109 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $11,031,383 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $10,918,109 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $124,637 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $11,042,746 | SubtotalAmt |
| Other Decreases | $11,363 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $11,031,383 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (6 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd | SoldSoldDt |
|---|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $2,017,364 | $1,936,642 | $80,722 | $80,722 | ||
| POETIC HOLDING V | $4,648 | $4,648 | P | 2024-12-31 | ||
| POETIC HOLDING VII | $5,581 | $5,581 | P | 2024-12-31 | ||
| EOF | -$16,177 | -$16,177 | P | 2024-12-31 | ||
| POETIC HOLDING VII - FINAL | $19,595 | $19,595 | $0 | $0 | P | 2024-12-31 |
| K PRIME 18 - DISTRIBUTION IN EXCESS OF BASIS | $34,699 | $34,699 | $34,699 | P | 2024-12-31 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $109,473 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $6,997 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $6,997 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $6,997 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,369 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $19,369 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $12,372 | OverpaymentAmt |
| Applied To ES Tax | $12,372 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NV | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | NONE | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN KEST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3102805015 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 394 KENRIDGE RD | AddressLine1Txt |
| City | LAWRENCE | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11559 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| BENJAMIN KEST | ||||||||
| 394 KENRIDGE RD | LAWRENCE | NY | 11559 | PRESIDENT | 20.00 | $92,743 | $0 | $0 |
| ASHER KEST | ||||||||
| 394 KENRIDGE RD | LAWRENCE | NY | 11559 | TREASURER | 2.00 | $0 | $0 | $0 |
| RACHEL LORBER | ||||||||
| 394 KENRIDGE RD | LAWRENCE | NY | 11559 | SECRETARY | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAPTRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4208 SIX FORKS RD STE 1700 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 276095734 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT | ServiceTypeTxt |
| Compensation | $56,682 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $9,420,211 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,136,026 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $1,068,434 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $11,624,671 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $11,624,671 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $174,370 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $11,450,301 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $572,515 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $572,515 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $6,997 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $758 | IncomeTaxAmt |
| Total Tax | $7,755 | TotalTaxAmt |
| Distributable Before Adj | $564,760 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $400,000 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $964,760 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $964,760 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $905,774 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $905,774 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $964,760 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr2 | $489,456 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $37,864 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $527,320 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $905,774 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $905,774 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $58,986 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $58,986 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $468,334 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $468,334 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $430,470 | ExcessFromYear2Amt |
| Excess From Year1 | $37,864 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BENJAMIN KEST | ContributingManagerNm |
| Contributing Manager | ASHER KEST | ContributingManagerNm |
| Contributing Manager | RACHEL LORBER | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (34 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| BIKUR CHOLIM OF MANHATTAN | ||||||
| 320 RIVERSIDE DR | NEW YORK | NY | 10025 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $300 |
| BNOS BAIS YAAKOV | ||||||
| 155 OBERLIN AVE N | LAKEWOOD | NJ | 08701 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $100,680 |
| CHESSED L'ABRAHAM | ||||||
| 5317 13TH AVE | BROOKLYN | NY | 11219 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $10,000 |
| CONG AHAVAS TORAH V'CHESED | ||||||
| 1425 RHAWN ST | PHILADELPHIA | PA | 19111 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $57,000 |
| CONG CHAKAL YITZCHOK | ||||||
| 1462 56TH ST | BROOKLYN | NY | 11219 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $7,000 |
| CONG KHAL CHASIDIM | ||||||
| 6757 N RICHMOND | CHICAGO | IL | 60645 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $6,100 |
| CONG MIKDASH DOVID | ||||||
| 2 HILLTOP LN | MONSEY | NY | 10952 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $20,000 |
| CONG YETEV LEV DSATMAT | ||||||
| 163 CLYMER ST | BROOKLYN | NY | 11211 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,000 |
| CONGREGATION KHAL CHASIDIM OF LAWRENCE | ||||||
| 7 FIRETHORNE DR | LAWRENCE | NJ | 11559 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $12,140 |
| CONGREGATION ZICHRON MOSHE | ||||||
| 9 13TH STREET | LAKEWOOD | NJ | 08701 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,500 |
| GAN ALIYA | ||||||
| 131 W 86TH ST | NEW YORK | NY | 10024 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $3,600 |
| HASHEVAYNU | ||||||
| 144-49 72ND DR | QUEENS | NY | 11367 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $15,000 |
| JEWISH CENTER OF ATLANTIC BEACH | ||||||
| 100 NASSAU AVE | ATLANTIC BEACH | NY | 11509 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $300 |
| LEV DEVORAH | ||||||
| 21 DIKE DR | MONSEY | NY | 10952 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,800 |
| MIKDASH DOVID | ||||||
| 10 WAVERLY PL | MONSEY | NY | 10952 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $5,000 |
| YESHIVA DARCHEI TORAH | ||||||
| 257 BEACH 17TH ST | QUEENS | NY | 11691 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $12,500 |
| YESHIVA NACHLEI TORAH INC | ||||||
| 1815 SWARTHMORE AVE | LAKEWOOD | NJ | 08701 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $4,730 |
| YESHIVA OHAVEI TORAH | ||||||
| 450 W 250TH ST | BRONX | NY | 10471 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $347,550 |
| YESHIVA UNIVERSITY | ||||||
| 500 W 185TH ST | NEW YORK | NY | 10033 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $20,000 |
| GATEWAYS ORGANIZATION INC | ||||||
| 11 WALLENBERG CIRCLE | MONSEY | NY | 10952 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $113,350 |
| YESHIVA OF FAR ROCKAWAY | ||||||
| 8-02 HICKSVILLE RD | FAR ROCKAWAY | NY | 11691 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $350 |
| KHAL CHASIDIM NORTH WOODMERE | ||||||
| 815 FLANDERS DR | VALLEY STREAM | NY | 11581 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $750 |
| YESHIVA ZICHRON ARYEH | ||||||
| 12-13 BAY 25TH ST | FAR ROCKAWAY | NY | 11691 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| YOUNG ISRAEL OF LAWRENCE-CEDARHURST | ||||||
| 8 SPRUCE ST | CEDARHURST | NY | 11516 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| ZAKA | ||||||
| 2920 AVENUE R SUITE 208 | BROOKLYN | NY | 11229 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| CHABAD LUBAVITCH OF KENSINGTON | ||||||
| 716 DITMAS AVE | BROOKLYN | NY | 11218 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $200 |
| SAMCHAINU | ||||||
| 1432 E 17TH ST | BROOKLYN | NY | 11230 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $1,000 |
| GEMACH HARABBONIM NFP | ||||||
| 2911 W COYLE AVE | CHICAGO | IL | 60645 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $250 |
| YESHIVA GEDOLAH OF LOS ANGELES | ||||||
| 5444 W OLYMPIC BLVD | LOS ANGELES | CA | 90036 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $60,000 |
| MESIVTA TIFERES JERUSALEM | ||||||
| 145 E BROADWAY | NEW YORK | NY | 10002 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $180 |
| OHEL BAIS EZRA | ||||||
| 1268 E 14TH ST | BROOKLYN | NY | 11230 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $180 |
| BLUE POINT ELEMENTARY | ||||||
| 212 BLUE POINT AVE | BLUE POINT | NY | 11715 | GOV | PUBLIC SUPPORT OF ORGANIZATION MISSION | $47 |
| CONGREGATION BNAI SHALOM ZALMAN | ||||||
| 860 E 27TH ST | BROOKLYN | NY | 11210 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $2,000 |
| BEIS MEDRASH OF WOODLANE | ||||||
| 2 ATLANTA DR | JACKSON | NJ | 08527 | PC | PUBLIC SUPPORT OF ORGANIZATION MISSION | $500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $813,257 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $454,987 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 901101 | BusinessCd |
| Unrelated Business Taxbl Incm | $31 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | 18 | ExclusionCd |
| Exclusion | $109,880 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp (2 entries)
| DescDesc | BusinessBusinessCd | Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt | ExclusionExclusionCd | ExclusionExclusionAmt |
|---|---|---|---|---|
| PARTNERSHIP INCOME | 901101 | $6,079 | 01 | $63,598 |
| GRANT REFUND | 01 | $400,000 |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $6,110 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,028,465 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,034,575 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BENJAMIN KEST | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5150 OVERLAND AVE | AddressLine1Txt |
| City | CULVER CITY | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90230 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $136,471 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| TAX PREPARATION | $16,471 | $6,736 | $9,735 |
| BOOKKEEPING | $8,721 | $4,361 | $4,360 |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | INVESTMENTS - FIXED ASSETS | IdentifierTxt |
| Form And Line Reference | FORM 990-PF, PART II, LINE 11 | FormAndLineReferenceDesc |
| Medium Explanation | ARTWORK $460,000 | MediumExplanationTxt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (3 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| DOUBLELINE LOW DURATION BOND I | $366,165 | $369,450 |
| BAIRD INTERMEDIATE BOND INST | $927,127 | $933,638 |
| GUGGENHEIM TOTAL RETURN BOND FUND INSTITUTIONAL | $777,811 | $744,489 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (49 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BRIXMOR PPTY GROUP INC COM | $26,313 | $26,448 |
| INTERNATIONAL BUSINESS MACHS COM | $72,928 | $94,967 |
| GILEAD SCIENCES INC COM | $81,634 | $94,480 |
| GARMIN LTD SHS | $46,329 | $98,110 |
| FEDERAL AGRIC MTG CORP CL C | $44,937 | $47,465 |
| EVERGY INC COM | $78,025 | $80,910 |
| EOG RES INC COM | $57,404 | $54,886 |
| EAGLE MATLS INC COM | $42,558 | $51,872 |
| COPA HOLDINGS SA CL A | $70,568 | $61,604 |
| COCA COLA CO COM | $29 | $30 |
| CITIGROUP INC COM NEW | $48,071 | $69,375 |
| AMAZON COM INC COM | $56,463 | $107,282 |
| CHEVRON CORP NEW COM | $51,860 | $43,152 |
| BOOZ ALLEN HAMILTON HLDG CORP CL A | $61,265 | $69,379 |
| IRON MTN INC DEL COM | $32,452 | $54,532 |
| BANK OZK LITTLE ROCK ARK COM | $39,791 | $44,524 |
| BANK AMERICA CORP COM | $52,262 | $70,727 |
| APPLE INC COM | $132,169 | $243,145 |
| AMGEN INC COM | $71,637 | $68,027 |
| ALPHABET INC CAP STK CL A | $94,906 | $153,290 |
| AFLAC INC COM | $53,720 | $78,200 |
| ACUITY INC COM | $22,863 | $32,639 |
| ABBVIE INC COM | $77,718 | $91,578 |
| CISCO SYS INC COM | $44,589 | $54,109 |
| LPL FINL HLDGS INC COM | $59,717 | $84,893 |
| WK KELLOGG CO COM SHS | $35,586 | $37,779 |
| NUCOR CORP COM | $52,727 | $41,115 |
| PIMCO INCOME INSTL | $387,206 | $371,707 |
| TOYOTA MOTOR CORP ADS | $53,156 | $60,329 |
| SALESFORCE INC COM | $69,222 | $80,335 |
| RESMED INC COM | $51,471 | $49,168 |
| QUALCOMM INC COM | $51,616 | $61,757 |
| PULTE GROUP INC COM | $32,135 | $63,917 |
| PROCTER AND GAMBLE CO COM | $45,937 | $53,278 |
| BERKSHIRE HATHAWAY FMV ADJ | $68,933 | $68,933 |
| PALO ALTO NETWORKS INC COM | $16,555 | $42,579 |
| NVIDIA CORPORATION COM | $79,237 | $210,398 |
| NINTENDO LTD UNSPON ADS | $39,630 | $54,628 |
| WILLIAMS SONOMA INC COM | $15,858 | $47,410 |
| VERISK ANALYTICS INC COM | $29,562 | $33,052 |
| MICROSOFT CORP COM | $154,026 | $234,112 |
| META PLATFORMS INC. | $36,512 | $129,875 |
| MERCK & CO INC COM | $74,949 | $68,238 |
| MASTERCARD INCORPORATED CL A | $85,605 | $120,675 |
| LOCKHEED MARTIN CORP COM | $58,665 | $64,482 |
| LAM RESEARCH CORP COM NEW | $40,486 | $63,620 |
| KROGER CO COM | $75,114 | $89,728 |
| NEXSTAR MEDIA GROUP INC COMMON STOCK | $65 | $76 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | $339,212 | $686,266 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (12 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| VANGUARD SMALL-CAP ETF | AT COST | $257,228 | $323,864 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | AT COST | $23,158 | $23,159 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | AT COST | $755,531 | $802,346 |
| EXCELSIOR OPPORTUNITY | AT COST | $106,878 | $133,185 |
| ISHARES 1-3 YEAR TREASURY BOND ETF | AT COST | $529,772 | $525,492 |
| ISHARES 7-10 YEAR TREASURY BOND ETF | AT COST | $349,743 | $353,159 |
| ISHARES 3-7 YEAR TREASURY BOND ETF | AT COST | $372,186 | $358,205 |
| ISHARES CORE S&P 500 ETF | AT COST | $351,599 | $449,032 |
| ISHARES CORE MSCI EMERG MKT ETF | AT COST | $287,200 | $296,819 |
| POETIC HOLDING V | AT COST | $19,512 | $19,512 |
| ONE BRICK | AT COST | $386,804 | $386,804 |
| ISHARES S&P MID-CAP 400 GROWTH ETF | AT COST | $198,732 | $256,685 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT | Desc |
| Amt | $11,363 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| LICENSE & FEES | $169 | $0 | $169 |
| PAYROLL PROCESSING FEE | $1,091 | $0 | $1,091 |
| BANK FEES | $40 | $0 | $40 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| PARTNERSHIP INCOME | $69,677 | $61,540 | $69,677 |
| GRANT REFUND | $400,000 | $0 | $0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT FEES | CategoryTxt |
| Amt | $56,682 | Amt |
| Net Investment Income | $56,682 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL EXCISE TAX | $18,000 | $0 | $0 |
| FOREIGN TAXES | $3,442 | $3,442 | $0 |