MAB FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-10-29
IRS object ID
201333029349100403
Schema version
2012v2.0
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)
Timestamp2013-10-29T07:50:27-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Mayer Rispler & Co CPAS PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line118 Heyward StreetAddressLine1
CityBrooklynCity
StateNYState
ZIP Code11249ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN113409995EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1MAB FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlMABFNameControl

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN - 1 BATTERY PARK PLAZAAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10004ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameAARON BIRNBAUMName
TitleTrusteeTitle
Date Signed2013-10-29DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL FRIEDMAN CPAName
PTINP00159800PTIN
Phone7188529200Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1246031FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss915200ContriReceivedRevAndExpnss
Dividends Rev And Expnss35DividendsRevAndExpnss
Dividends Net Invst Incm35DividendsNetInvstIncm
Dividends Adj Net Incm35DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss7826NetGainSaleAssetsRevAndExpnss
Gross Sales Price7826GrossSalesPrice
Capital Gain Net Incm Net Invst Incm7826CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm7826NetSTCGAdjNetIncm
Other Income Rev And Expnss12402OtherIncomeRevAndExpnss
Total Revenue And Expenses935463TotalRevenueAndExpenses
Total Net Investment Income7861TotalNetInvestmentIncome
Total Adjusted Net Income7861TotalAdjustedNetIncome
Other Expenses Rev And Expnss12472OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm12472OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm12472OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps12472OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss12472TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm12472TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm12472TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps12472TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss588600ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps588600ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss601072TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm12472TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm12472TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps601072TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses334391ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY150350SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY516751SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV516751SavingsAndTempCashInvstEOYFMV
Other Assets BOY761290OtherAssetsBOY
Other Assets EOY729280OtherAssetsEOY
Other Assets EOYFMV729280OtherAssetsEOYFMV
Total Assets BOY911640TotalAssetsBOY
Total Assets EOY1246031TotalAssetsEOY
Total Assets EOYFMV1246031TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY911640UnrestrictedBOY
Unrestricted EOY1246031UnrestrictedEOY
Total Net Assets BOY911640TotalNetAssetsBOY
Total Net Assets EOY1246031TotalNetAssetsEOY
Total Liabilities Net Assets BOY911640TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1246031TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY911640TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses334391ExcessOfRevenueOverExpenses
Subtotal1246031Subtotal
Total Net Assets Fund Balances EOY1246031TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income7826CapitalGainNetIncome
Net Short Term Capital Gain Or Loss7826NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1518570QualifyingDistributionsYear1
Noncharitable Assets Year11020211NoncharitableAssetsYear1
Distribution Ratio Year10.50830DistributionRatioYear1
Qualifying Distributions Year2541025QualifyingDistributionsYear2
Noncharitable Assets Year21242976NoncharitableAssetsYear2
Distribution Ratio Year20.43527DistributionRatioYear2
Qualifying Distributions Year3549113QualifyingDistributionsYear3
Noncharitable Assets Year31615813NoncharitableAssetsYear3
Distribution Ratio Year30.33984DistributionRatioYear3
Qualifying Distributions Year4445010QualifyingDistributionsYear4
Noncharitable Assets Year41270962NoncharitableAssetsYear4
Distribution Ratio Year40.35014DistributionRatioYear4
Qualifying Distributions Year5687155QualifyingDistributionsYear5
Noncharitable Assets Year5182825NoncharitableAssetsYear5
Distribution Ratio Year53.75854DistributionRatioYear5
Total Distribution Ratio5.39208TotalDistributionRatio
Average Distribution Ratio1.07842AverageDistributionRatio
Net Noncharitable Assets1046888NetNoncharitableAssets
Adjusted Noncharitable Assets1128980AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One1128980AdjNonchrtblAssetsAndOnePct
Qualifying Distributions601072QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax0InvestmentIncomeExciseTax

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Form990 T FiledfalseForm990TFiled
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1AARON BIRNBAUMBusinessNameLine1

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1C/O MERIDIAN-1 BATTERY PARK PLAZA NAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10004ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Acts Fail To Qualify As ExceptionsfalseActsFailToQualifyAsExceptions
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Excess Business HoldingsfalseExcessBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Tr Fail To Qualify As ExceptionsfalseTrFailToQualifyAsExceptions
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
ALISA BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Trustee0.000
AARON BIRNBAUM
847 EAST 26 STREETBROOKLYNNY11210Trustee0.000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances333550AvgMonthlyCashBalances
FMV All Other Noncharitable Assets729280FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1062830TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets1062830AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable15942CashDeemedCharitable
Net Noncharitable Assets1046888NetNoncharitableAssets
Minimum Investment Return52344MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return52344MinimumInvestmentReturn
Distributable Amount Before Adj52344DistributableAmountBeforeAdj
Distributable Amount Before Ded52344DistributableAmountBeforeDed
Distributable Amount As Adjusted52344DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions601072ExpensesAndContributions
Qualifying Distributions601072QualifyingDistributions
Adj Qualifying Distributions601072AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted52344DistributableAmountAsAdjusted
Excess Distri Carryover Year5678014ExcessDistriCarryoverYear5
Excess Distri Carryover Year4381462ExcessDistriCarryoverYear4
Excess Distri Carryover Year3468322ExcessDistriCarryoverYear3
Excess Distri Carryover Year2478876ExcessDistriCarryoverYear2
Excess Distri Carryover Year1467559ExcessDistriCarryoverYear1
Total Excess Distri Carryover2474233TotalExcessDistriCarryover
Qualifying Distributions601072QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year52344AppliedToCurrentYear
Remaining Distri From Corpus548728RemainingDistriFromCorpus
Total Corpus3022961TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5678014ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2344947ExcessDistriCyovToNextYear
Excess From Year4381462ExcessFromYear4
Excess From Year3468322ExcessFromYear3
Excess From Year2478876ExcessFromYear2
Excess From Year1467559ExcessFromYear1
Excess From Current Year548728ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerAARON BIRNBAUMContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

FieldValueIRS element (for citing)
Recipient Person NameVARIOUS QUALIFIED CHARITIESRecipientPersonName

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11 BATTERY PARK PLAZAAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10004ZIPCode
FieldValueIRS element (for citing)
Recipient RelationshipUNRELATEDRecipientRelationship
Recipient Foundation Status501 C3RecipientFoundationStatus
Purpose Of Grant Or ContributionSEE ATTACHEDPurposeOfGrantOrContribution
Amount$588,600Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year588600TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income35RelatedOrExemptFunctionIncome

Other Investment Income Part VII OtherInvestmentIncomePartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income12402RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income7826RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income20263RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA20263TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
3MAB CHARITABLE LEAD TRUSTC/O MERIDIAN - 1 BATTERY PARKNEW YRKNY1000475200X
2AMB CHARITABLE LEAD TRUSTC/O MERIDIAN - 1 BATTERY PARKNEW YORKNY1000490000X
1AARON BIRNBAUMC/O MERIDIAN - 1 BATTERY PARKNEW YORKNY10004750000X

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBOY Book ValueBOYBookValueEOY Book ValueEOYBookValueEOYFMVEOYFMV
L&E134402014020140
INVESTMENT IN RCG KENNEDY505514435844358
INVESTMENT IN Double U partners104084101492101492
INVESTMENT IN 963 CONEY ISLAND AVE593215563290563290

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeAdjusted Net IncomeAdjustedNetIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
PROFESSIONAL FEES1500150015001500
FEES10972109721097210972

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome

FieldValueIRS element (for citing)
DescriptionOther Investment IncomeDescription
Revenue And Expenses Per Books12402RevenueAndExpensesPerBooks

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