STRATEGY STUDIO / PUBLIC DATA EXPLORER

PBG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PBG FOUNDATION (EIN 46-4196862)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-09
IRS object ID
202431919349101058
Schema version
2023v5.0
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)
Return2024-07-09T14:48:15-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132659310PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WASSER BRETTLER KLAR & LIPSTEIN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line139 BROADWAY SUITE 640AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10006ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464196862EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PBG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPBGFBusinessNameControlTxt
Phone7189512200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1982 E17TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11230ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAUL ELLIOT GOLDBAUMPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone7189512200PhoneNum
Signature2024-06-26SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAUL ELLIOTPersonFirstNm
Person LastGOLDBAUMPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL LIPSTEINPreparerPersonNm
PTINP01069367PTIN
Phone2129626100PhoneNum
Preparation2024-06-26PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,034,887FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$293,197ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$86InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$86InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$17,402DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,402DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$23,816NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$741,968GrossSalesPriceAmt
Total Rev And Expnss$286,869TotalRevAndExpnssAmt
Total Net Invst Incm$17,488TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,900AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,900AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$2,809TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$10,490OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$9,940OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$550OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$15,199TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,940TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,450TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$289,639ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$289,639ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$304,838TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,940TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$292,089TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$17,969ExcessRevenueOverExpensesAmt
Net Investment Income$7,548NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$167,785CashBOYAmt
Cash EOY$77,594CashEOYAmt
Cash EOYFMV$77,594CashEOYFMVAmt
Corporate Stock BOY$772,027CorporateStockBOYAmt
Corporate Stock EOY$844,249CorporateStockEOYAmt
Corporate Stock EOYFMV$957,293CorporateStockEOYFMVAmt
Total Assets BOY$939,812TotalAssetsBOYAmt
Total Assets EOY$921,843TotalAssetsEOYAmt
Total Assets EOYFMV$1,034,887TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$939,812NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$921,843NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$939,812TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$921,843TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$939,812TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$921,843TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$939,812TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$17,969ExcessRevenueOverExpensesAmt
Subtotal$921,843SubtotalAmt
Tot Net Ast Or Fund Balances EOY$921,843TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
THRU STIFELP$604,125$620,085-$15,960-$15,960
THRU MORGAN STAN;EYP$33,578$36,142-$2,564-$2,564
THRU MORGAN STANLEYP$104,134$109,404-$5,270-$5,270
THRU MORGAN STANLEYP$131$153-$22-$22
FieldValueIRS element (for citing)
Capital Gain Net Income-$23,816CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$105InvestmentIncomeExciseTaxAmt
Subtotal$105SubtotalAmt
Tax Based On Investment Income$105TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$250ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$250TotalPaymentsAndCreditsAmt
Overpayment$145OverpaymentAmt
Applied To ES Tax$145AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7189512200PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1982 E 17TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11230ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SAUL ELLIOT GOLDBAUM
982 E 17TH STREETBROOKLYNNY11230TRUSTEE5.00$0$0$0
ELIZABETH GOLDBAUM
982 E17TH STREETBROOKLYNNY11230TRUSTEE5.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$528,594AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$122,689AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$651,283TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$651,283AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,769CashDeemedCharitableAmt
Net Vl Noncharitable Assets$641,514NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,076MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,076MinimumInvestmentReturnAmt
Tax Based On Investment Income$105TaxBasedOnInvestmentIncomeAmt
Total Tax$105TotalTaxAmt
Distributable Before Adj$31,971DistributableBeforeAdjAmt
Distributable Before Ded$31,971DistributableBeforeDedAmt
Distributable As Adjusted$31,971DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$292,089ExpensesAndContributionsAmt
Qualifying Distributions$292,089QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,971DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$89,327ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$119,953ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$191,676ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$25,589ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$216,076ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$642,621TotalExcessDistributionCyovAmt
Qualifying Distributions$292,089QualifyingDistributionsAmt
Applied To Current Year$31,971AppliedToCurrentYearAmt
Remaining Distri From Corpus$260,118RemainingDistriFromCorpusAmt
Total Corpus$902,739TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$89,327ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$813,412ExcessDistriCyovToNextYrAmt
Excess From Year4$119,953ExcessFromYear4Amt
Excess From Year3$191,676ExcessFromYear3Amt
Excess From Year2$25,589ExcessFromYear2Amt
Excess From Year1$216,076ExcessFromYear1Amt
Excess From Current Year$260,118ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerELIZABETH GOLDBAUMContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BAIS YAAKOV ACADEMY
1213 ELM AVENUEBROOKLYNNY11230RELIGIOUS$30,000
CONG BAIS SHALOM
333 STANLEY AVEBROOKLYNNY11207RELIGIOUS$19,400
KOLLEL BNEI YESHIVOS
2402 AVENUE PBROOKLYNNY11229RELIGIOUS$117,600
KEREN HACHESED
2822 AVENUE JBROOKLYNNY11210RELIGIOUS$49,800
RELIEF RESOURCES
5904 13TH AVEBROOKLYNNY11219RELIGIOUS$5,000
YESHIVA TORAH VODAAS
425 E 9TH STREETBROOKLYNNY11218RELIGIOUS$11,500
CONG KEHILAS YAAKOV
2 OMNI CTLAKEWOODNJ08701RELIGIOUS$15,400
GATEWAYS
11 WALLENBERG CIRMONSEYNY10952RELIGIOUS$7,400
TIFERES ACHIM
1442 45TH STBROOKLYNNY11219RELIGIOUS$15,000
MISCELLANEOUS
982 E 17TH STBROOKLYNNY11230RELIGIOUS$18,539
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$289,639TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$86ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,402ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$23,816ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$6,328ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$6,328TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonELIZABETH GOLDBAUMContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1982 EAST 17TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11230ZIPCd
FieldValueIRS element (for citing)
Total Contributions$293,197TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertySECURITIES-STOCKSNoncashPropertyDesc
Fair Market Value$111,656FairMarketValueAmt
Received2023-06-06ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$1,900Amt
Disbursements Charitable Prps$1,900DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
MORGAN STANLEY 121893-564$465,973$504,327
STIFEL 9627$378,276$452,966

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ADVERTISING$340$340
FEES$210$210
INVESTMENT FEES$9,940$9,940

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$2,809Amt