JY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: JY FOUNDATION (EIN 20-2058385)
Tax period: 2012-12-01 to 2013-11-30
Filed: 2014-10-06
IRS object ID: 201432799349100203
Schema version: 2012v2.0
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
Form 990-PF
Schedule B
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-10-06T10:17:20-07:00	Timestamp
Tax Period End Date	2013-11-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Mayer Rispler & Co CPAS PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	18 Heyward Street	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11249	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-12-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	202058385	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	THE JY FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	JYFO	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	525 E COUNTY LINE ROAD	AddressLine1
City	LAKEWOOD	City
State	NJ	State
ZIP Code	08701	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	YEHUDA YOFFE	Name
Title	Trustee	Title
Date Signed	2014-10-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	MICHAEL FRIEDMAN CPA	Name
PTIN	P00159800	PTIN
Phone	7188529200	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-12-30 17:16:21Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	12078	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	15000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	2	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	2	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	2	InterestOnSavingsAdjNetIncm
Total Revenue And Expenses	15002	TotalRevenueAndExpenses
Total Net Investment Income	2	TotalNetInvestmentIncome
Total Adjusted Net Income	2	TotalAdjustedNetIncome
Other Expenses Rev And Expnss	36	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	36	OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm	36	OtherExpensesAdjNetIncm
Tot Opr Expenses Rev And Expnss	36	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	36	TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm	36	TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	25775	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	25775	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	25811	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	36	TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm	36	TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps	25775	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-10809	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	22887	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	12078	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	12078	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	22887	TotalAssetsBOY
Total Assets EOY	12078	TotalAssetsEOY
Total Assets EOYFMV	12078	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	22887	UnrestrictedBOY
Unrestricted EOY	12078	UnrestrictedEOY
Total Net Assets BOY	22887	TotalNetAssetsBOY
Total Net Assets EOY	12078	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	22887	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	12078	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	22887	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-10809	ExcessOfRevenueOverExpenses
Subtotal	12078	Subtotal
Total Net Assets Fund Balances EOY	12078	TotalNetAssetsFundBalancesEOY

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	false	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NJ	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	YEHUDA YOFFE	BusinessNameLine1

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1449 14TH ST	AddressLine1
City	LAKEWOOD	City
State	NJ	State
ZIP Code	08701	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee

Field	Value	IRS element (for citing)
Person Name	YEHUDA YOFFE	PersonName

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	525 EAST COUNTY LINE RD 9	AddressLine1
City	LAKEWOOD	City
State	NJ	State
ZIP Code	08701	ZIPCode

Field	Value	IRS element (for citing)
Title	Trustee	Title
Avg Hours Per Wk Devoted To Position	0.00	AvgHoursPerWkDevotedToPosition
Compensation	0	Compensation

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	17483	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	17483	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	17483	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	262	CashDeemedCharitable
Net Noncharitable Assets	17221	NetNoncharitableAssets
Minimum Investment Return	861	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	861	MinimumInvestmentReturn
Distributable Amount Before Adj	861	DistributableAmountBeforeAdj
Distributable Amount Before Ded	861	DistributableAmountBeforeDed
Distributable Amount As Adjusted	861	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	25775	ExpensesAndContributions
Qualifying Distributions	25775	QualifyingDistributions
Adj Qualifying Distributions	25775	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	861	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	38746	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	11997	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	15971	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	53394	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	38467	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	158575	TotalExcessDistriCarryover
Qualifying Distributions	25775	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	861	AppliedToCurrentYear
Remaining Distri From Corpus	24914	RemainingDistriFromCorpus
Total Corpus	183489	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	38746	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	144743	ExcessDistriCyovToNextYear
Excess From Year4	11997	ExcessFromYear4
Excess From Year3	15971	ExcessFromYear3
Excess From Year2	53394	ExcessFromYear2
Excess From Year1	38467	ExcessFromYear1
Excess From Current Year	24914	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient RelationshipRecipientRelationship	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
CONG FOREST PARK
2 FOREST PARK CIRCLE	LAKEWOOD	NJ	08701	UNRELATED	501 C3	SOCIAL SERVICES	$1,800
CONG ADAS NASSAUD
4 HORIZON COURT	MONEY	NY	10952	UNRELATED	501 C3	SOCIAL SERVICES	$5,500
LAKEWOOD CHEDER
315 4TH STREET	LAKEWOOD	NJ	08701	UNRELATED	501 C3	SOCIAL SERVICES	$1,300
VARIOUS QUALIFIED CHARITIES
525 E COUNTY LINE ROAD	LAKEWOOD	NJ	08701	UNRELATED	501 C3	SOCIAL SERVICES	$12,215
CONG KOL ARYEH
521 HOPE CHAPEL ROAD	LAKEWOOD	NJ	08701	UNRELATED	501 C3	SOCIAL SERVICES	$2,700
CONG SYE
631 6TH STREET	LAKEWOOD	NJ	08701	UNRELATED	501 C3	SOCIAL SERVICES	$2,260

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	25775	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	2	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	2	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	2	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	YEHUDA YOFFE	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	1449 14TH ST	AddressLine1
City	LAKEWOOD	City
State	NJ	State
ZIP Code	08701	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	15000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	BANK CHARGES	Description
Revenue And Expenses Per Books	36	RevenueAndExpensesPerBooks
Net Investment Income	36	NetInvestmentIncome
Adjusted Net Income	36	AdjustedNetIncome