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MALESARDI FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MALESARDI FAMILY FOUNDATION (EIN 22-3739617)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-29
IRS object ID
202402119349100665
Schema version
2023v5.1
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)
Return2024-07-29T11:40:31-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221624206PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MALESARDI QUACKENBUSH SWIFT & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 NORTH DEAN STREET - SUITE 5AddressLine1Txt
CityENGLEWOODCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07631ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223739617EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MALESARDI FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O DORIS FISCHERBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlMALEBusinessNameControlTxt
Phone5615881853PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14 EDGEWOOD CIRCLEAddressLine1Txt
CityMENANDSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBERT MALESARDIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5615881853PhoneNum
Signature2024-07-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKELLY CASSIDYPreparerPersonNm
PTINP00536416PTIN
Phone2015674100PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,855,840FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$71,625DividendsRevAndExpnssAmt
Dividends Net Invst Incm$71,625DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$71,625TotalRevAndExpnssAmt
Total Net Invst Incm$71,625TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Taxes Rev And Expnss$1,040TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$1,040TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$206,973ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$206,973ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$208,013TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$206,973TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$136,388ExcessRevenueOverExpensesAmt
Net Investment Income$71,625NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$279,602CashBOYAmt
Cash EOY$144,254CashEOYAmt
Cash EOYFMV$144,254CashEOYFMVAmt
Prepaid Expenses BOY$3,414PrepaidExpensesBOYAmt
Prepaid Expenses EOY$2,374PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$2,374PrepaidExpensesEOYFMVAmt
Other Investments BOY$2,053,377OtherInvestmentsBOYAmt
Other Investments EOY$2,053,377OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,709,212OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,336,393TotalAssetsBOYAmt
Total Assets EOY$2,200,005TotalAssetsEOYAmt
Total Assets EOYFMV$1,855,840TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,336,393NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,200,005NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,336,393TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,200,005TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,336,393TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,200,005TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,336,393TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$136,388ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$2,200,005SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,200,005TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$996InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$996SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$996TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,374EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$2,374TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$1,378OverpaymentAmt
Applied To ES Tax$1,378AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen0Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone5615881853PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line14 EDGEWOOD CIRCLEAddressLine1Txt
CityMENANDSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP12204ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDORIS FISHERPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12774 SOUTH OCEAN BLVDAddressLine1Txt
CityPALM BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33480ZIPCd
FieldValueIRS element (for citing)
TitlePRESIDENTTitleTxt
Average Hrs Per Wk Devoted To Pos1.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,764,105AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$288,257AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,052,362TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$2,052,362AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$30,785CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,021,577NetVlNoncharitableAssetsAmt
Minimum Investment Return$101,079MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$101,079MinimumInvestmentReturnAmt
Tax Based On Investment Income$996TaxBasedOnInvestmentIncomeAmt
Total Tax$996TotalTaxAmt
Distributable Before Adj$100,083DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$100,083DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$100,083DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$206,973ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$206,973QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$100,083DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr2$70,445ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$66,828ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$137,273TotalExcessDistributionCyovAmt
Qualifying Distributions$206,973QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$100,083AppliedToCurrentYearAmt
Remaining Distri From Corpus$106,890RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$244,163TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$244,163ExcessDistriCyovToNextYrAmt
Excess From Year2$70,445ExcessFromYear2Amt
Excess From Year1$66,828ExcessFromYear1Amt
Excess From Current Year$106,890ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerDORIS FISHERContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (23 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ST PETER'S HOSPITAL FOUNDATION
310 S MANNING BOULEVARDALBANYNY12208N/APCDONATION$21,000
FENIMORE ART MUSEUM
5798 NEW YORK 80COOPERSTOWNNY13326N/APCDONATION$25,000
WMHT ALBANY
4 GLOBAL VIEWTROYNY12180N/APCDONATION$22,723
SARATOGA PERFORMING ARTS CENTER
108 AVENUE OF PINESSARATOGA SPRINGSNY12866N/APCDONATION$14,000
HERITAGE CLASSIC FOUNDATION
71 LIGHTHOUSE ROAD STE 4200HILTON HEAD ISLANDSC29928N/APCDONATION$7,000
ELMIRA COLLEGE
1 PARK PLACEELMIRANY14901N/APCDONATION$10,000
THE CLARK ART INSTITUTE
701 MOORE AVENUEWILLIAMSTOWNMA01267N/APCDONATION$25,000
BUCKNELL UNIVERSITY
301 MARKET STREETLEWISBURGPA17837N/APCDONATION$25,000
ST LUKE'S CHURCH
50 POPE AVENUEHILTON HEAD ISLANDSC29928N/APCDONATION$5,000
ST PETER'S CHURCH
107 STATE STALBANYNY12207N/APCDONATION$11,000
CHRIST CHURCH - EASTON
111 SOUTH HARRISON STREETEASTONMD21601N/APCDONATION$5,000
THE ALBANY ACADEMIES
135 ALBANY RDALBANYNY12208N/APCDONATION$5,000
TALBOT HOSPICE FOUNDATION
586 CYNWOOD DRIVEEASTONMD21601N/APCDONATION$5,000
ALBANY RURAL CEMETERY
CEMETERY AVENUEMENANDSNY12204N/APCDONATION$10,000
ALBANY INSTITUTE OF HISTORY AND ART
125 WASHINGTON AVEALBANYNY12210N/APCDONATION$1,000
DESTROYER ESCORT HISTORICAL MUSEUM
PO BOX 1926ALBANYNY12201N/APCDONATION$5,000
WOMEN IN PHILANTROPHY COMMUNITY FOUNDATION OF THE LOW COUNTRY
PO BOX 29926HILTON HEAD ISLANDSC29925N/APCDONATION$1,000
THE COMMUNITY FOUNDATION FOR THE GREATER CAPITAL REGION
2 TOWER PLACEALBANYNY12203N/APCDONATION$1,000
ST PETER'S HEALTH PARTNERS - ALS REGIONAL CENTER
19 WAREHOUSE ROWALBANYNY12205N/APCDONATION$2,500
THE GLIMMERGLASS FESTIVAL
7300 NY-80COOPERSTOWNNY13326N/APCDONATION$2,500
UNIVERSITY AT ALBANY FDN WRITER'S INSTITUTE
1400 WASHINGTON AVE UAB 226ALBANYNY12222N/APCDONATION$1,000
FORT ORANGE GARDEN CLUB
PO BOX 654LATHAMNY12110N/APCDONATION$1,000
NORTON MUSEUM OF ART
1450 S DIXIE HWYWEST PALM BEACHFL33401N/APCDONATION$1,250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$206,973TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$71,625ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$71,625ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$71,625TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationFLORIDA ATTORNEY GENERAL FILING REQUIREMENTS DO NOT REQUIRE FURNISHMENT OF FORM 990-PF.ExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemPUBLICLY TRADED SECURITIESCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,053,377BookValueAmt
EOYFMV$1,709,212EOYFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$1,040Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt