NSN FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NSN FOUNDATION INC (EIN 22-3769097)
- Tax period
- 2023-12-01 to 2024-11-30
- Filed
- 2025-10-09
- IRS object ID
- 202522829349100722
- Schema version
- 2023v6.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-10-09T15:33:44-05:00 | ReturnTs |
| Tax Period End | 2024-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 345 Park Avenue | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10154 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223769097 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NSN Foundation Inc | BusinessNameLine1Txt |
| Business Name Line2 | Attn Ken Slutsky Tax Exempt Inst Grp | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NSNF | BusinessNameControlTxt |
| Phone | 9735972510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Lowenstein Sandler 1 Lowenstein Dr | AddressLine1Txt |
| City | Roseland | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07068 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KENNETH J SLUTSKY | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 9735972510 | PhoneNum |
| Signature | 2025-10-08 | SignatureDt |
| Discuss With Paid Preparer | 0 | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jay Freedman | PreparerPersonNm |
| PTIN | P01758248 | PTIN |
| Phone | 2127589700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | 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 | $170,983,645 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $370,000,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $1,762,130 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $1,762,130 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $5,319,833 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $5,319,833 | DividendsNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $377,081,963 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $7,081,963 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $52,030 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $92,575 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $85,249 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $8,400,261 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $89,501 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $6,311 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $6,311 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $8,640,678 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $91,560 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $279,000,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $279,000,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $287,640,678 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $91,560 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $279,000,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $89,441,285 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $6,990,403 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $415 | CashBOYAmt |
| Cash EOY | $415 | CashEOYAmt |
| Cash EOYFMV | $415 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $80,869,754 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $170,559,153 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $170,559,153 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $157,885 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $60,718 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $60,718 | PrepaidExpensesEOYFMVAmt |
| Other Assets BOY | $248,757 | OtherAssetsBOYAmt |
| Other Assets EOY | $363,359 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $363,359 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $81,276,811 | TotalAssetsBOYAmt |
| Total Assets EOY | $170,983,645 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $170,983,645 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $7,666 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $824,728 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $7,666 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $824,728 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $81,269,145 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $170,158,917 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $81,269,145 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $170,158,917 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $81,276,811 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $170,983,645 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $81,269,145 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $89,441,285 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $170,710,430 | SubtotalAmt |
| Other Decreases | $551,513 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $170,158,917 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $97,167 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $97,167 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $97,167 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $157,885 | 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 | $157,885 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $60,718 | OverpaymentAmt |
| Applied To ES Tax | $60,718 | 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 | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | Kenneth J Slutsky - TEIG | IndividualWithBooksNm |
| Phone | 9735972510 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Lowenstein Sandler One Lowenstein | AddressLine1Txt |
| Address Line2 | Drive | AddressLine2Txt |
| City | Roseland | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07068 | 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 | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| 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 | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| John L Berger | ||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | Dir./Vice President/Asst Secretary | 0.10 | $0 | $0 | $0 |
| Kenneth J Slutsky | ||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | Dir./President/Asst Treasurer | 0.10 | $0 | $0 | $0 |
| David Mills | ||||||||
| 1130 South Flower St Ste 312 | Los Angeles | CA | 90015 | Dir./Vice President/Secretary | 0.10 | $0 | $0 | $0 |
| Timothy I Hentzel | ||||||||
| 1350 Broadway Ste 2101 | New York | NY | 10018 | Vice President/Treasurer | 0.10 | $0 | $0 | $0 |
| NISON Mangement LLC | ||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | Member | 0.20 | $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 | CHARITABLE SERVICES PARTNERS LP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1350 BROADWAY STE 2101 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | LGL:$52k,ACCT:93k,PROG RELATED:$8.4M | ServiceTypeTxt |
| Compensation | $8,518,866 | 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 | $83,638,670 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $44,144,916 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $127,783,586 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $127,783,586 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,916,754 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $125,866,832 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,293,342 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $6,293,342 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $97,167 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $97,167 | TotalTaxAmt |
| Distributable Before Adj | $6,196,175 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $6,196,175 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $6,196,175 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $279,000,000 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $279,000,000 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $6,196,175 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $21,727,817 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $39,922,014 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $15,827,228 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $305,381,046 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $404,931,420 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $787,789,525 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $279,000,000 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $6,196,175 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $272,803,825 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $1,060,593,350 | 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 | $70,000,000 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $990,593,350 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $7,477,059 | ExcessFromYear3Amt |
| Excess From Year2 | $305,381,046 | ExcessFromYear2Amt |
| Excess From Year1 | $404,931,420 | ExcessFromYear1Amt |
| Excess From Current Year | $272,803,825 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NISON Mangement LLC | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| CHDI Foundation Inc Attn Ken Slutsky Tax Exempt Inst Grp | ||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | PF | To further CHDI's direct charitable activities of promoting and assisting in medical and scientific research in the field of neurodegenerative diseases. | $100,000,000 |
| High Q Foundation Inc Attn Ken Slutsky Tax Exempt Inst Grp | ||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | PF | To increase the charitable endowment which shall serve as a philanthropic fund for the primary purpose of supporting suitable clinical trials. | $115,000,000 |
| Jewish Communal Fund | ||||||
| 575 Madison Avenue Ste 703 | New York | NY | 10022 | PC | For the general fund of the charity | $64,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $279,000,000 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,762,130 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $5,319,833 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $7,081,963 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $7,081,963 | 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 (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| Manatee Funding LLC | ||||||
| 1 | C/O Lowenstein Sandler TEIG One Low | Roseland | NJ | 07068 | $300,000,000 | Yes (X) |
| Maimonides Foundation Inc | ||||||
| 2 | C/O Lowenstein Sandler TEIG One Low | Roseland | NJ | 07068 | $70,000,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Audit Fees | $26,000 | $26,000 | $0 |
| Accounting Fees | $66,575 | $59,249 | $0 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| CHDI Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2023-11-20 | $97,625,901 | Pursuant to a grant agreement between NSN Foundation, Inc. ("NSN") and CHDI dated November 20, 2023, CHDI is required to use the grant funds to further its general charitable purposes in the area of medical research. | $97,625,901 | To the best of NSN's knowledge, CHDI has not diverted any of the funds. | October 31, 2024 | NSN has not conducted any independent verification of CHDI's report because it has no reason to doubt the accuracy or reliability of CHDI's report. |
| CHDI Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2024-06-20 | $100,000,000 | Pursuant to a grant agreement between NSN Foundation, Inc. ("NSN") and CHDI dated June 20, 2024, CHDI is required to use the grant funds to further its general charitable purposes in the area of medical research. | $64,012,515 | To the best of NSN's knowledge, CHDI has not diverted any of the funds. | October 31, 2024 | NSN has not conducted any independent verification of CHDI's report because it has no reason to doubt the accuracy or reliability of CHDI's report. |
| High Q Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2022-11-25 | $150,000,000 | Pursuant to a grant agreement between NSN and High Q dated November 25,2022, High Q is required to use the grant funds to establish a charitableendowment at High Q, which shall serve as a philanthropic fund for theprimary purpose of supporting suitable clinical trials in medicine, and, tothe extent any such funds (including any income therefrom) are determined to be not specifically needed for such purpose (including because sufficient support from other sources is otherwise available), to be applied to other proper charitable purposes. | $0 | NSN is unaware of any diversion of the grant or income therefrom by HIGH Q. | November 30 , 2022; November 30, 2023; November 30, 2024 | NSN has not conducted any independent verification of High Q's reportbecause it has no reason to doubt the accuracy or reliability of High Q'sreport. |
| High Q Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2023-11-20 | $126,913,672 | Pursuant to a grant agreement between NSN and High Q dated November 20,2023, High Q is required to add the grant funds to the charitableendowment established by High Q pursuant to a grant agreement dated November 25, 2022, which shall serve as a philanthropic fund for the primary purpose of supporting suitable clinical trials in medicine, and, to the extent any such funds (including any income therefrom) are determined to be not specifically needed for such purpose (including because sufficient support from other sources is otherwise available), to be applied to other proper charitable purposes. | $0 | NSN is unaware of any diversion of the grant or income therefrom by HIGH Q. | November 30, 2023; November 30, 2024 | NSN has not conducted any independent verification of High Q's reportbecause it has no reason to doubt the accuracy or reliability of High Q'sreport. |
| CHDI Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2023-01-11 | $147,821,822 | Pursuant to a grant agreement between NSN Foundation, Inc. ("NSN") and CHDI dated January 11, 2023, CHDI is required to use the grant funds to further its general charitable purposes in the area of medical research. | $147,821,822 | To the best of NSN's knowledge, CHDI has not diverted any of the funds. | October 31, 2023; October 31, 2024 | NSN has not conducted any independent verification of CHDI's report because it has no reason to doubt the accuracy or reliability of CHDI's report. |
| High Q Foundation Inc | ||||||||||
| One Lowenstein Drive | Roseland | NJ | 07068 | 2024-11-14 | $115,000,000 | Pursuant to a grant agreement between NSN and High Q dated November 14,2024, High Q is required to add the grant funds to the charitableendowment established by High Q pursuant to a grant agreement dated November 25, 2022, which shall serve as a philanthropic fund for the primary purpose of supporting suitable clinical trials in medicine, and, to the extent any such funds (including any income therefrom) are determined to be not specifically needed for such purpose (including because sufficient support from other sources is otherwise available), to be applied to other proper charitable purposes. | $0 | NSN is unaware of any diversion of the grant or income therefrom by HIGH Q. | November 30, 2024 | NSN has not conducted any independent verification of High Q's reportbecause it has no reason to doubt the accuracy or reliability of High Q'sreport. |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal Fees | CategoryTxt |
| Legal Fees | $52,030 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Dividends/Interest Receivable | Desc |
| BOY Book Value | $248,757 | BOYBookValueAmt |
| EOY Book Value | $363,359 | EOYBookValueAmt |
| EOYFMV | $363,359 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Unrealized Gain/Loss on Investments Carried at FMV | Desc |
| Amt | $551,513 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Custody Fees | Desc |
| Revenue And Expenses Per Books | $6,311 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $6,311 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| Deferred Tax Liabilities | $7,666 | $0 |
| Service Fee Expense Payable | $0 | $824,728 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| Other Fees - Non-Program-related | $862 | $0 | $0 |
| Other Fees - Program-related | $8,399,399 | $0 | $0 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAIMONIDES FOUNDATION INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Attn Ken Slutsky - TEIG One | AddressLine1Txt |
| Address Line2 | Lowenstein Drive | AddressLine2Txt |
| City | Roseland | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07068 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal Tax Expense | CategoryTxt |
| Amt | $89,501 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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