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KEYSTONE FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KEYSTONE FOUNDATION (EIN 32-0487141)
Tax period
2024-05-01 to 2025-04-30
Filed
2025-08-25
IRS object ID
202522379349100147
Schema version
2024v5.2
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)
Return2025-08-25T22:07:12-05:00ReturnTs
Tax Period End2025-04-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133499413PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BARRY M STRAUSS ASSOC LTDBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1307 FIFTH AVENUE 8TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100166517ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-05-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN320487141EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KEYSTONE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKEYSBusinessNameControlTxt
Phone2127794700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1A RINGEL 1750 44TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP112041050ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISAAC RINGELPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2127794700PhoneNum
Signature2025-08-25SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonARYE RINGELPreparerPersonNm
PTINP00232499PTIN
Phone2127794700PhoneNum
Preparation2025-08-25PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$235,046FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$186InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$186InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,275DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,275DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$48,361NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$189,681GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$48,361CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$51,822TotalRevAndExpnssAmt
Total Net Invst Incm$51,822TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Other Prof Fees Rev And Expnss$2,811OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,811OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$0OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Taxes Net Invst Incm$25TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,836TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$2,836TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$109,486ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$109,486ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$112,322TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$2,836TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$109,486TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$60,500ExcessRevenueOverExpensesAmt
Net Investment Income$48,986NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$10,889SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$12,455SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$12,455SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$224,216CorporateStockBOYAmt
Corporate Stock EOY$162,150CorporateStockEOYAmt
Corporate Stock EOYFMV$222,591CorporateStockEOYFMVAmt
Total Assets BOY$235,105TotalAssetsBOYAmt
Total Assets EOY$174,605TotalAssetsEOYAmt
Total Assets EOYFMV$235,046TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$235,105CapitalStockBOYAmt
Capital Stock EOY$174,605CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$0RetainedEarningBOYAmt
Retained Earning EOY$0RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$235,105TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$174,605TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$235,105TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$174,605TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$235,105TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$60,500ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$174,605SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$174,605TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyTHRU MERRILL LYNCH A/CPropertyDesc
How AcquiredPHowAcquiredCd
Gross Sales Price$189,681GrossSalesPriceAmt
Cost Or Other Basis$141,320CostOrOtherBasisAmt
Gain Or Loss$48,361GainOrLossAmt
Gains Minus Excess Or Losses$48,361GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$48,361CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$681InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$681SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$681TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$452EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$452TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$229TaxDueAmt

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
Org Report Or Register StatePAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2127794700PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1A RINGEL 1750 44TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP112041050ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ISAAC RINGEL
1750 44TH STREETBROOKLYNNY112041050TRUSTEE1.00$0$0$0
ZEHAVA RINGEL
1750 44TH STREETBROOKLYNNY112041050TRUSTEE0.00$0$0$0
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$272,147AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$13,904AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$286,051TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$286,051AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$4,291CashDeemedCharitableAmt
Net Vl Noncharitable Assets$281,760NetVlNoncharitableAssetsAmt
Minimum Investment Return$14,088MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$14,088MinimumInvestmentReturnAmt
Tax Based On Investment Income$681TaxBasedOnInvestmentIncomeAmt
Total Tax$681TotalTaxAmt
Distributable Before Adj$13,407DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$13,407DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$13,407DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$109,486ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$109,486QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$13,407DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$47,785ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$37,587ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$59,924ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$81,707ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$107,439ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$334,442TotalExcessDistributionCyovAmt
Qualifying Distributions$109,486QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$13,407AppliedToCurrentYearAmt
Remaining Distri From Corpus$96,079RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$430,521TotalCorpusAmt
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$47,785ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$382,736ExcessDistriCyovToNextYrAmt
Excess From Year4$37,587ExcessFromYear4Amt
Excess From Year3$59,924ExcessFromYear3Amt
Excess From Year2$81,707ExcessFromYear2Amt
Excess From Year1$107,439ExcessFromYear1Amt
Excess From Current Year$96,079ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
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
AHAVAS YISROEL FUND
115 SUBROOK LANEPIKESVILLEMD21208GENERAL$3,750
BAIS YAAKOV ELEMENTRY SCHOOL
1025 VINE STREETSCRANTONPA18510GENERAL$2,500
BELZ INSTITUTIONS IN ISRAEL
4305 15TH AVENUEBROOKLYNNY11219GENERAL$2,750
CONGREGATION BAIS MOSHE
738 CLAY AVENUESCRANTONPA18510GENERAL$8,200
MASORES BNOS YISROEL
17 HIGH STREETLAKEWOODNJ08701GENERAL$6,000
SCRANTON HEBREW DAY SCHOOL
530 MONROE AVENUESCRANTONPA18510GENERAL$2,556
TALMUD TORAH OF LAKEWOOD
1464 EAST SPURCE STREETLAKEWOODNJ08701GENERAL$5,400
THE DONORS FUND
328 3RD STREETLAKEWOODNJ08701GENERAL$64,000
TOMCHE SHABBOS
6225 NEW UTRECHT AVENUEBROOKLYNNY11219GENERAL$795
YESHIVA BETH MOSHE
930 HICKORY STREETSCRANTONPA18505GENERAL$13,535
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$109,486TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$186ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,275ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$48,361ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$51,822ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$51,822TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockSECURITIES IN MERRILL LYNCH A/CStockNm
EOY Book Value$162,150EOYBookValueAmt
EOYFMV$222,591EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMERRILL LYNCH - INVESTMENT ADVISORYCategoryTxt
Amt$2,811Amt
Net Investment Income$2,811NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAX W/HCategoryTxt
Amt$25Amt
Net Investment Income$25NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt