MAB FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
MAB FOUNDATION (EIN 11-3409995)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-06
IRS object ID
201223119349100212
Schema version
2011v1.2
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-11-06T12:29:09-08:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

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 Date2011-01-01TaxPeriodBeginDate

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 Signed2012-11-06DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameMICHAEL FRIEDMAN CPAName
Phone7188529200Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY911640FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss165200ContriReceivedRevAndExpnss
Dividends Rev And Expnss110DividendsRevAndExpnss
Dividends Net Invst Incm110DividendsNetInvstIncm
Dividends Adj Net Incm110DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss-32835NetGainSaleAssetsRevAndExpnss
Other Income Rev And Expnss27385OtherIncomeRevAndExpnss
Total Revenue And Expenses159860TotalRevenueAndExpenses
Total Net Investment Income110TotalNetInvestmentIncome
Total Adjusted Net Income110TotalAdjustedNetIncome
Accounting Fees Rev And Expnss1500AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm1500AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm1500AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps1500AccountingFeesDsbrsChrtblPrps
Other Expenses Rev And Expnss5140OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm5140OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm5140OtherExpensesAdjNetIncm
Other Expenses Dsbrs Chrtbl Prps5140OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss6640TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm6640TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm6640TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps6640TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss511930ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps511930ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss518570TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm6640TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm6640TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps518570TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-358710ExcessOfRevenueOverExpenses
Net Investment Income0NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY398564SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY150350SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV150350SavingsAndTempCashInvstEOYFMV
Other Assets BOY871786OtherAssetsBOY
Other Assets EOY761290OtherAssetsEOY
Other Assets EOYFMV761290OtherAssetsEOYFMV
Total Assets BOY1270350TotalAssetsBOY
Total Assets EOY911640TotalAssetsEOY
Total Assets EOYFMV911640TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Follow SFAS117XOrgThatFollowSFAS117
Unrestricted BOY1270350UnrestrictedBOY
Unrestricted EOY911640UnrestrictedEOY
Total Net Assets BOY1270350TotalNetAssetsBOY
Total Net Assets EOY911640TotalNetAssetsEOY
Total Liabilities Net Assets BOY1270350TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY911640TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1270350TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-358710ExcessOfRevenueOverExpenses
Subtotal911640Subtotal
Total Net Assets Fund Balances EOY911640TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income-32835CapitalGainNetIncome
Net Short Term Capital Gain Or Loss-16805NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1541025QualifyingDistributionsYear1
Noncharitable Assets Year11242976NoncharitableAssetsYear1
Distribution Ratio Year10.43527DistributionRatioYear1
Qualifying Distributions Year2549113QualifyingDistributionsYear2
Noncharitable Assets Year21615813NoncharitableAssetsYear2
Distribution Ratio Year20.33984DistributionRatioYear2
Qualifying Distributions Year3445010QualifyingDistributionsYear3
Noncharitable Assets Year31270962NoncharitableAssetsYear3
Distribution Ratio Year30.35014DistributionRatioYear3
Qualifying Distributions Year4687155QualifyingDistributionsYear4
Noncharitable Assets Year4182825NoncharitableAssetsYear4
Distribution Ratio Year43.75854DistributionRatioYear4
Qualifying Distributions Year5635292QualifyingDistributionsYear5
Noncharitable Assets Year5354977NoncharitableAssetsYear5
Distribution Ratio Year51.78967DistributionRatioYear5
Total Distribution Ratio6.67345TotalDistributionRatio
Average Distribution Ratio1.33469AverageDistributionRatio
Net Noncharitable Assets1020211NetNoncharitableAssets
Adjusted Noncharitable Assets1361665AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One1361665AdjNonchrtblAssetsAndOnePct
Qualifying Distributions518570QualifyingDistributions

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 Balances274457AvgMonthlyCashBalances
FMV All Other Noncharitable Assets761290FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1035747TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Adj Total FMV Of Unused Assets1035747AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable15536CashDeemedCharitable
Net Noncharitable Assets1020211NetNoncharitableAssets
Minimum Investment Return51011MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return51011MinimumInvestmentReturn
Distributable Amount Before Adj51011DistributableAmountBeforeAdj
Distributable Amount Before Ded51011DistributableAmountBeforeDed
Distributable Amount As Adjusted51011DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions518570ExpensesAndContributions
Qualifying Distributions518570QualifyingDistributions
Adj Qualifying Distributions518570AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted51011DistributableAmountAsAdjusted
Excess Distri Carryover Year5617543ExcessDistriCarryoverYear5
Excess Distri Carryover Year4678014ExcessDistriCarryoverYear4
Excess Distri Carryover Year3381462ExcessDistriCarryoverYear3
Excess Distri Carryover Year2468322ExcessDistriCarryoverYear2
Excess Distri Carryover Year1478876ExcessDistriCarryoverYear1
Total Excess Distri Carryover2624217TotalExcessDistriCarryover
Qualifying Distributions518570QualifyingDistributions
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year51011AppliedToCurrentYear
Remaining Distri From Corpus467559RemainingDistriFromCorpus
Total Corpus3091776TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5617543ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year2474233ExcessDistriCyovToNextYear
Excess From Year4678014ExcessFromYear4
Excess From Year3381462ExcessFromYear3
Excess From Year2468322ExcessFromYear2
Excess From Year1478876ExcessFromYear1
Excess From Current Year467559ExcessFromCurrentYear

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$511,930Amount
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year511930TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income110RelatedOrExemptFunctionIncome

Net Rental Incm Re Debt Fincd Prop NetRentalIncmReDebtFincdProp

FieldValueIRS element (for citing)
Related Or Exempt Function Income9323RelatedOrExemptFunctionIncome

Other Investment Income Part VII OtherInvestmentIncomePartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income18062RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income-32835RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income-5340RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA-5340TotalPartXVIA

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 (2 entries)

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
Amount$1,500Amount
Net Investment Income1500NetInvestmentIncome
Adjusted Net Income1500AdjustedNetIncome
Disbursements Charitable Prps1500DisbursementsCharitablePrps

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets (4 entries)

DescriptionDescriptionBOY Book ValueBOYBookValueEOY Book ValueEOYBookValueEOYFMVEOYFMV
L&E184401344013440
INVESTMENT IN RCG KENNEDY581935055150551
INVESTMENT IN Double U partners137225104084104084
INVESTMENT IN 963 CONEY ISLAND AVE600347593215593215

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionFEESDescription
Revenue And Expenses Per Books5140RevenueAndExpensesPerBooks
Net Investment Income5140NetInvestmentIncome
Adjusted Net Income5140AdjustedNetIncome
Disbursements Charitable Prps5140DisbursementsCharitablePrps

Other Income Schedule2 OtherIncomeSchedule2

Other Income OtherIncome (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooks
Rental Income - Noninvestment Property9323
Other Investment Income18062

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