C & Y FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
C & Y FOUNDATION INC (EIN 04-3666136)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-11-10
IRS object ID
201143149349100709
Schema version
2010v3.2
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)
Timestamp2011-11-10T10:54:01-08:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SID BORENSTEIN & COBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11009 EAST 14TH STAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11230ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN043666136EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1C&Y FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlC&YFNameControl
Phone7189729652Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1218 BROADWAYAddressLine1
CityLAWRENCECity
StateNYState
ZIP Code11559ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameJOSEPH FRIEDMANName
TitleOFFICERTitle
Phone7189729652Phone
Date Signed2011-07-29DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameSTEVEN RAPPCPAName
Phone7182538700Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY5500604FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss1105000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss36900InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm36900InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss9226DividendsRevAndExpnss
Dividends Net Invst Incm9226DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses1151126TotalRevenueAndExpenses
Total Net Investment Income46126TotalNetInvestmentIncome
Taxes Rev And Expnss1798TaxesRevAndExpnss
Taxes Net Invst Incm1798TaxesNetInvstIncm
Other Expenses Rev And Expnss5OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm5OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss1803TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm1803TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss400000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps400000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss401803TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm1803TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps400000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses749323ExcessOfRevenueOverExpenses
Net Investment Income44323NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY3080695SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY1080018SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV1080018SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY602138InvestmentsCorpStockBOY
Investments Corp Stock EOY602138InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1670586InvestmentsCorpStockEOYFMV
Investments Mortgage Loans EOY2750000InvestmentsMortgageLoansEOY
Investments Mortgage Loans EOYFMV2750000InvestmentsMortgageLoansEOYFMV
Total Assets BOY3682833TotalAssetsBOY
Total Assets EOY4432156TotalAssetsEOY
Total Assets EOYFMV5500604TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY3682833RetainedEarningsBOY
Retained Earnings EOY4432156RetainedEarningsEOY
Total Net Assets BOY3682833TotalNetAssetsBOY
Total Net Assets EOY4432156TotalNetAssetsEOY
Total Liabilities Net Assets BOY3682833TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY4432156TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY3682833TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses749323ExcessOfRevenueOverExpenses
Subtotal4432156Subtotal
Total Net Assets Fund Balances EOY4432156TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Qualifying Distributions Year1355000QualifyingDistributionsYear1
Noncharitable Assets Year14104607NoncharitableAssetsYear1
Distribution Ratio Year10.086488DistributionRatioYear1
Qualifying Distributions Year2175000QualifyingDistributionsYear2
Noncharitable Assets Year22581997NoncharitableAssetsYear2
Distribution Ratio Year20.067777DistributionRatioYear2
Qualifying Distributions Year3299280QualifyingDistributionsYear3
Noncharitable Assets Year32619415NoncharitableAssetsYear3
Distribution Ratio Year30.114255DistributionRatioYear3
Qualifying Distributions Year4140600QualifyingDistributionsYear4
Noncharitable Assets Year42050894NoncharitableAssetsYear4
Distribution Ratio Year40.068555DistributionRatioYear4
Qualifying Distributions Year5100000QualifyingDistributionsYear5
Noncharitable Assets Year51353647NoncharitableAssetsYear5
Distribution Ratio Year50.073875DistributionRatioYear5
Total Distribution Ratio0.410950TotalDistributionRatio
Average Distribution Ratio0.082190AverageDistributionRatio
Net Noncharitable Assets5154055NetNoncharitableAssets
Adjusted Noncharitable Assets423612AdjustedNoncharitableAssets
One Percent Net Investment Income443OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One424055AdjNonchrtblAssetsAndOnePct
Qualifying Distributions400000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax886InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal886Subtotal
Tax Based On Investment Income886TaxBasedOnInvestmentIncome
Backup Withholding Withheld1026BackupWithholdingWithheld
Total Credits And Payments1026TotalCreditsAndPayments
Original Return Overpayment-1026OriginalReturnOverpayment
Form2220 AttachedXForm2220Attached
Penalty For Underpayment19PenaltyForUnderpayment
Overpayment121Overpayment
Amount Credited To Next Year121AmountCreditedToNextYear

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
Termination EtcfalseTerminationEtc
Requirements Of Sect508efalseRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrfalseComplyWithPublicInspectionRqr
Website AddressNONEWebsiteAddress
Books In Care Of Person NameCHANA FRIEDMANBooksInCareOfPersonName
Books In Care Of Phone Number5162393897BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1218 BROADWAYAddressLine1
CityLAWRENCECity
StateNYState
ZIP Code11559ZIPCode
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
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Maint Expend ResponsibilityfalseMaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

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 PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
CHANA FRIEDMAN
218 BROADWAYLAWRENCENY11559president1.00000
JOSEPH FRIEDMAN
218 BROADWAYLAWRENCENY11559vice-pres1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1777186AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances2080357AvgMonthlyCashBalances
FMV All Other Noncharitable Assets1375000FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets5232543TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets5232543AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable78488CashDeemedCharitable
Net Noncharitable Assets5154055NetNoncharitableAssets
Minimum Investment Return257703MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return257703MinimumInvestmentReturn
Tax Based On Investment Income886TaxBasedOnInvestmentIncome
Total Tax886TotalTax
Distributable Amount Before Adj256817DistributableAmountBeforeAdj
Distributable Amount Before Ded256817DistributableAmountBeforeDed
Distributable Amount As Adjusted256817DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions400000ExpensesAndContributions
Qualifying Distributions400000QualifyingDistributions
Adj Qualifying Distributions400000AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted256817DistributableAmountAsAdjusted
Excess Distri Carryover Year526958ExcessDistriCarryoverYear5
Excess Distri Carryover Year464858ExcessDistriCarryoverYear4
Excess Distri Carryover Year3169749ExcessDistriCarryoverYear3
Excess Distri Carryover Year246959ExcessDistriCarryoverYear2
Excess Distri Carryover Year1150395ExcessDistriCarryoverYear1
Total Excess Distri Carryover458919TotalExcessDistriCarryover
Qualifying Distributions400000QualifyingDistributions
Applied To Current Year256817AppliedToCurrentYear
Remaining Distri From Corpus143183RemainingDistriFromCorpus
Total Corpus602102TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year526958ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year575144ExcessDistriCyovToNextYear
Excess From Year464858ExcessFromYear4
Excess From Year3169749ExcessFromYear3
Excess From Year246959ExcessFromYear2
Excess From Year1150395ExcessFromYear1
Excess From Current Year143183ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManager
Shareholder ManagerNAShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (4 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
MIFAL EZRA ZICHRON YEHUDA
1135 66TH STREETBROOKLYNNY11219501 (C)3CHARITY$50,000
MOSDOS TORAH VYIRAH
1254 51TH STREETBROOKLYNNY11219501 (C)3CHARITY$100,000
BNEI YERUSHALAYIM
199 LEE AVENUEBROOKLYNNY11211501 (C)3CHARITY$150,000
AMERICAN FRIENDS OF MESHI
1125 OCEAN AVENUELAKEWOODNJ08701501 (C)3CHARITY$100,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year400000TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$36,900ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$9,226ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$46,126ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA46126TotalPartXVIA

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

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1INVESTOR TRUSTBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1314 MCDONALD AVENUEAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11219ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions1105000AggregateContributions
Person Contribution TypeXPersonContributionType

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (6 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
METLIFE INC 459 SHARES2740220398
PRINCIPAL FINL GROUP 871 SHARES4844528360
SIGNATURE BANK OF NY 1617 SHARES4708780850
MASTERCARD 5050 SHARES1969501131755
VISA 5460 SHARES240240384275
INTERACTIVE BROKER GROUP 1400 SHARES4201424948

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionBANK CHARGESDescription
Revenue And Expenses Per Books5RevenueAndExpensesPerBooks
Net Investment Income5NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes (3 entries)

CategoryCategoryAmountAmountNet Investment IncomeNetInvestmentIncome
IRS 990 PF TAX$522522
NYS DEPT OF LAW$250250
IRS 990 FWT FROM 1099$1,0261026

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