STRATEGY STUDIO / PUBLIC DATA EXPLORER

FUND FOR THE NEEDY FOUNDATION: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
FUND FOR THE NEEDY FOUNDATION (EIN 81-0681817)
Tax period
2010-11-01 to 2011-10-31
Filed
2012-09-20
IRS object ID
201242649349100409
Schema version
2010v3.7
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)
Timestamp2012-09-20T11:12:49-05:00Timestamp
Tax Period End Date2011-10-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ROTH & COMPANY LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11428 36TH STREET SUITE 200AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11218ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2010-11-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN810681817EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1FUND FOR THE NEEDY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFUNDNameControl
Phone7183387200Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line13512 QUENTIN ROAD SUITE 200AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11234ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCHAYA BISTRITSKYName
TitlePRESIDENTTitle
Phone7183387200Phone
Date Signed2012-09-11DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameALAN BOTWINICKName
Phone7182361600Phone
Date Prepared2012-09-20DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1018722FMVAssetsEOY
Method Of Accounting AccrualXMethodOfAccountingAccrual

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss30500ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss29450InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm29450InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm29450InterestOnSavingsAdjNetIncm
Total Revenue And Expenses59950TotalRevenueAndExpenses
Total Net Investment Income29450TotalNetInvestmentIncome
Total Adjusted Net Income29450TotalAdjustedNetIncome
Accounting Fees Rev And Expnss2750AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm2750AccountingFeesNetInvstIncm
Other Expenses Rev And Expnss256OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm128OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps128OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss3006TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm2878TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps128TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss57994ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps57994ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss61000TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm2878TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps58122TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-1050ExcessOfRevenueOverExpenses
Net Investment Income26572NetInvestmentIncome
Adjusted Net Income29450AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Other Notes And Loans Receivable904700OtherNotesAndLoansReceivable
Other Notes And Loans Rcvbl BOY920000OtherNotesAndLoansRcvblBOY
Other Notes And Loans Rcvbl EOY904700OtherNotesAndLoansRcvblEOY
Other Notes And Loans Rcvbl EOYFMV904700OtherNotesAndLoansRcvblEOYFMV
Other Assets BOY84573OtherAssetsBOY
Other Assets EOY114022OtherAssetsEOY
Other Assets EOYFMV114022OtherAssetsEOYFMV
Total Assets BOY1004573TotalAssetsBOY
Total Assets EOY1018722TotalAssetsEOY
Total Assets EOYFMV1018722TotalAssetsEOYFMV
Accounts Payable BOY8400AccountsPayableBOY
Other Liabilities BOY3111OtherLiabilitiesBOY
Other Liabilities EOY26710OtherLiabilitiesEOY
Total Liabilities BOY11511TotalLiabilitiesBOY
Total Liabilities EOY26710TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY993062RetainedEarningsBOY
Retained Earnings EOY992012RetainedEarningsEOY
Total Net Assets BOY993062TotalNetAssetsBOY
Total Net Assets EOY992012TotalNetAssetsEOY
Total Liabilities Net Assets BOY1004573TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1018722TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY993062TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-1050ExcessOfRevenueOverExpenses
Subtotal992012Subtotal
Total Net Assets Fund Balances EOY992012TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year1125115QualifyingDistributionsYear1
Noncharitable Assets Year1972713NoncharitableAssetsYear1
Distribution Ratio Year10.128625DistributionRatioYear1
Qualifying Distributions Year260281QualifyingDistributionsYear2
Noncharitable Assets Year2963427NoncharitableAssetsYear2
Distribution Ratio Year20.062569DistributionRatioYear2
Qualifying Distributions Year363322QualifyingDistributionsYear3
Noncharitable Assets Year34972NoncharitableAssetsYear3
Distribution Ratio Year312.735720DistributionRatioYear3
Qualifying Distributions Year4103376QualifyingDistributionsYear4
Noncharitable Assets Year43167NoncharitableAssetsYear4
Distribution Ratio Year432.641617DistributionRatioYear4
Qualifying Distributions Year536193QualifyingDistributionsYear5
Noncharitable Assets Year51478NoncharitableAssetsYear5
Distribution Ratio Year524.487821DistributionRatioYear5
Total Distribution Ratio70.056352TotalDistributionRatio
Average Distribution Ratio14.011270AverageDistributionRatio
Net Noncharitable Assets1037033NetNoncharitableAssets
Adjusted Noncharitable Assets14530149AdjustedNoncharitableAssets
One Percent Net Investment Income266OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One14530415AdjNonchrtblAssetsAndOnePct
Qualifying Distributions58122QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax531InvestmentIncomeExciseTax
Subtotal531Subtotal
Tax Based On Investment Income531TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment543EstTaxPaymentsAndOverpayment
Total Credits And Payments543TotalCreditsAndPayments
Overpayment12Overpayment
Amount Credited To Next Year12AmountCreditedToNextYear

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 Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNYStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameTHE ORGANIZATIONBooksInCareOfPersonName
Books In Care Of Phone Number7183387200BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line13512 QUENTIN ROADAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11234ZIPCode

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
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
CHAYA BISTRITZKY
1418 EAST 29TH STREETBROOKLYNNY11210PRESIDENT2.00000
SHLOMO BISTRITZKY
1132 EAST 32 STREETBROOKLYNNY11210VICE PRESIDE2.00000
JOEL ELKON
5702 11 AVENUEBROOKLYNNY11219TREASURER2.00000
JOSEPH ELKON
991 EAST 5 STREETBROOKLYNNY11210SECRETARY2.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities0AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances352AvgMonthlyCashBalances
FMV All Other Noncharitable Assets1052473FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1052825TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets1052825AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable15792CashDeemedCharitable
Net Noncharitable Assets1037033NetNoncharitableAssets
Minimum Investment Return51852MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return51852MinimumInvestmentReturn
Tax Based On Investment Income531TaxBasedOnInvestmentIncome
Total Tax531TotalTax
Distributable Amount Before Adj51321DistributableAmountBeforeAdj
Distributable Amount Before Ded51321DistributableAmountBeforeDed
Distributable Amount As Adjusted51321DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions58122ExpensesAndContributions
Qualifying Distributions58122QualifyingDistributions
Adj Qualifying Distributions58122AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted51321DistributableAmountAsAdjusted
Excess Distri Carryover Year536119ExcessDistriCarryoverYear5
Excess Distri Carryover Year4108096ExcessDistriCarryoverYear4
Excess Distri Carryover Year363935ExcessDistriCarryoverYear3
Excess Distri Carryover Year213175ExcessDistriCarryoverYear2
Excess Distri Carryover Year177001ExcessDistriCarryoverYear1
Total Excess Distri Carryover298326TotalExcessDistriCarryover
Qualifying Distributions58122QualifyingDistributions
Applied To Current Year51321AppliedToCurrentYear
Remaining Distri From Corpus6801RemainingDistriFromCorpus
Total Corpus305127TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year536119ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year269008ExcessDistriCyovToNextYear
Excess From Year4108096ExcessFromYear4
Excess From Year363935ExcessFromYear3
Excess From Year213175ExcessFromYear2
Excess From Year177001ExcessFromYear1
Excess From Current Year6801ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (19 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodePurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountBusiness Name Line2RecipientBusinessName/BusinessNameLine2Recipient Foundation StatusRecipientFoundationStatusAddress Line2RecipientUSAddress/AddressLine2
DR SARA LF BARRIS PSYD
10923 71ST ROAD STE 1HFOREST HILLSNY11375FOR MEDICAL ASSISTANCE TO INDIGENT$460
AMERICAN FRIENDS OF
5114 13TH AVENUEBROOKLYNNY11219SUPPORT RELIGIOUS EDUCATION$5,000YESHIVA D'MIR501(C)(3)
AMERICAN FRIENDS OF
16133 VENTURA BLVDENCINOCA91436SUPPORT SOCIAL PROGRAMS$1,000YEDIDIM501(C)(3)SUITE 955
AMERICAN FRIENDS OF
3512 QUENTIN ROADBROOKLYNNY11234SUPPORT RELIGIOUS EDUCATION$14,925CHASDEI LEV501(C)(3)
BAIS YAAKOV ACADEMY OF
124-50 METROPOLITAN AVEJAMAICANY11415SUPPORT RELIGIOUS EDUCATION$2,870QUEENS501(C)(3)
CONGREGATION ZEMACH DAVID
8 DARBY RDAIRMONTNY10952SUPPORT RELIGIOUS INSTITUTION$250
FOODCO DISTRIBUTORS INC
5809 2ND AVENUEBROOKLYNNY11220FOOD FOR CONGREGATION$83
JCC OF MARINE PARK
POB 340753BROOKLYNNY11234SUPPOT SOCIAL PROGRAMS$180
LANDAUS KOSHER
4516 18 AVENUEBROOKLYNNY11204ASSISTANCE TO INDIGENT FAMILIES$462
MAYAN YISROEL
3307 AVENUE NBROOKLYNNY11234SUPPORT RELIGIOUS INSTITUTIONS$500
MST GEMACH
3512 QUENTINBROOKLYNNY11234ASSISTANCE TO INDIGENT FAMILIES$23,625
OHR NAVA WOMEN'S TORAH
2201 EAST 23RD STREETBROOKLYNNY11229SUPPORT RELIGIOUS EDUCATION$180CENTER501(C)(3)
PAY IT FORWARD FOUNDATION
POB 4543SAN LUIS OBISPOCA93403SUPPORT SOCIAL PROGRAMS$500501(C)(3)
PRESTIGE SHOES INC
1583 CONEY ISLAND AVENUEBROOKLYNNY11230ASSISTANCE TO INDIGENT FAMILIES$2,528
PROJECT EXTREME
335 CENTRAL AVENUELAWRENCENY11559SUPPORT SOCIAL PROGRAMS$100501(C)(3)
VARIOUS
3512 QUENTINBROOKLYNNY11234SUPPORT RELIGIOUS INSTITUTIONS$1,421
VARIOUS
3512 QUENTINBROOKLYNNY11234PROVIDE ASSISTANCE TO THE INDIGENT$3,000
YAD BATYA L'KALLAH
1256 EAST 26 STREETBROOKLYNNY11210PROVIDE ASSISTANCE TO THE INDIGENT$360
YESHIVA DARCHEI TORAH
257 BEACH 17TH STREETQUEENSNY11691SUPPORT RELIGIOUS EDUCATION$550
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year57994TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$29,450ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$29,450ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA29450TotalPartXVIA

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 IndividualTHE BFF FOUNDATION INCContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line11428 36 STREET SUITE 200AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11218ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions29500AggregateContributions
Person Contribution TypeXPersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategory
Amount$2,750Amount
Net Investment Income2750NetInvestmentIncome

Compensation Explanation CompensationExplanation

Compensation Compensation (4 entries)

CHAYA BISTRITZKY
SHLOMO BISTRITZKY
JOEL ELKON
JOSEPH ELKON

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionINTEREST RECEIVABLEDescription
BOY Book Value84573BOYBookValue
EOY Book Value114022EOYBookValue
EOYFMV114022EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksNet Investment IncomeNetInvestmentIncomeDisbursements Charitable PrpsDisbursementsCharitablePrps
EXPENSES
BANK SERVICE CHARGES256128128

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescriptionBOY Book ValueBOYBookValueEOY Book ValueEOYBookValue
CASH OVERDRAFT31111398
LOANS PAYABLE25312

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShort

Name Of501c3 Organization NameOf501c3Organization

FieldValueIRS element (for citing)
Business Name Line1LOANS RECEIVABLEBusinessNameLine1
FieldValueIRS element (for citing)
Balance Due920000BalanceDue