Arnold & Arlene Goldstein Family Foundation in Rego Park, New York (NY)

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Arnold & Arlene Goldstein Family Foundation
Employer Identification Number (EIN)137091014
Name of OrganizationArnold & Arlene Goldstein Family Foundation
In Care of NameSamson Mgmt 710
Address97-77 Queens Blvdc/O Samson Mgmt, Rego Park, NY 11374
SubsectionCharitable Organization
Ruling Date07/1996
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,311,108
Amount of Income$656,675
Form 990 Revenue Amount$482,885
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2013: $656,675 (it was $412,353 in 2012)
This organization: 

 $656,675
Other organizations performing similar types of work: 

 $183,273

Assets in 2013: $1,311,108 (it was $1,235,777 in 2012)
Arnold & Arlene Goldstein Family Foundation: 

 $1,311,108
Other organizations performing similar types of work: 

 $272,248

Expenses in 2013: $581,344
Arnold & Arlene Goldstein Family Foundation: 

 $581,344
Other organizations performing similar types of work: 

 $72,398

Income to expenses ratio in 2013: 1.1
Arnold & Arlene Goldstein Family Foundation: 

 1.1
Other organizations performing similar types of work: 

 1.7

Grants share in income in 2013: 67.6%
This organization: 

 67.6%
Other organizations performing similar types of work: 

 62.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$656,675$212,810$0
Contributions, gifts, grants, etc., received$443,865
Interest on savings and temporary cash investments$0
Dividends and interest from securities$0
Gross rents$212,810
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$581,344$136,108$0$445,544
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$0
Accounting fees$0
Interest$0
Depreciation$25,739
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$135,800$136,108$0
Contributions, gifts, grants paid$445,544
Excess of revenue over expenses and disbursements$75,331
Net investment income$76,702
Adjusted net income$0
Balance Sheets
2010201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$1,343,072$1,505,988$1,244,416$1,453,070$1,235,777$1,480,171$1,311,108$1,552,205
Cash - non-interest-bearing$211,960$118,022$167,575$276,103
Investments-U.S. and state government obligations$0$0$0$0
Investments-corporate stock$0$0$0$0
Investments-corporate bonds$25,000$25,000$0$0
Investments-mortgage loans$0$0$0$0
Investments-other$0$0$0$0
Other assets$90,053$82,601$75,144
Total liabilities$50,000$50,000$50,000$50,000
Mortgages and other notes payable$0$0$0$0
Other liabilities$50,000$50,000$50,000
Total liabilities and net assets/fund balances$1,293,072$1,194,416$1,185,777$1,261,108
Capital Gains and Losses for Tax on Investment Income
2010201120122013
Capital gain net income$0$0$0$0
Net capital loss$0$0$0$0
Excise Tax Based on Investment Income
2010201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNoNo
Tax based on investment income$2,600$1,725$646$767
Total credits and payments$698$6,969$7,964$4,000
Current year estimated tax payments and previous year's overpayment credited to current year$698$2,969$4,964$4,000
Exempt foreign organizations-tax withheld at source$0$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$4,000$3,000$0
Backup withholding erroneously withheld$0$0$0$0
Any penalty for underpayment of estimated tax$36$0$0$0
Tax due$0$0$0
Overpayment$5,244$7,318$3,233
Amount to be credited to next year's estimated tax$3,062$5,244$4,000$3,233
Statements Regarding Activities
2010201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?NoNoNoNo
Did any persons become substantial contributors during the tax year?NoNoNo
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNoNo
Statements Regarding Activities for Which Form 4720 May Be Required
2010201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNoNo
Agree to pay money or property to a government official?NoNoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
Minimum Investment Return
2010201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,380,938$1,317,907$0$0
Net value of noncharitable-use assets$1,298,138$0$0
Minimum investment return$68,011$64,907$0$0
Distributable Amount
2010201120122013
Distributable amount$65,411$63,182$0$0
Undistributed Income
2010201120122013
Distributable amount for this year$65,411$63,182$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Walbridge Fund1095 Park Ave, New York, NY 10128-1154NY1997-03$38,686,823
2The Kristen Ann Carr Fund150 Broadway, New York, NY 10038-4381NY1994-12$1,659,592
3Yad Velvel Foundation882 E 23rd St, Brooklyn, NY 11210-2820NY1998-02$1,417,086
4Townsend Family Foundation321 Broadway, Saratoga Spgs, NY 12866-4110NY1994-12$873,104
5Tulchin Family Foundation IncC/0 Fein Fein Pc 99 Woodbury Rd, Hicksville, NY 11801NY1997-04$660,922
6Arnold & Arlene Goldstein Family Foundation97-77 Queens Blvdc/O Samson Mgmt, Rego Park, NY 11374NY1996-07$656,675
7Viniar Family FoundationPO BOX 73, New York, NY 10274-0073NY1994-12$626,444
8Stephen C And Katherine D Sherrill Foundation765 Park Ave, New York, NY 10021-4254NY1996-08$514,836
9Silber Family Foundation Inc3084 Bedford Ave, Brooklyn, NY 11210-3714NY1996-07$219,984
10The Rdm Foundation, Kahn Ann Ttee2329 Nostrand Ave Ste 500, Brooklyn, NY 11210-3948NY1996-07$204,650
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13Y S Family Foundation1542 56th St, Brooklyn, NY 11219-4737NY1997-01$50,000
14Zichron Devorah Foundation7056 136th St, Flushing, NY 11367-1947NY1995-07$34,192
15The Leonard J Sonnenberg Memorial FundC/O Peter Berk 19 Ponderosa Drive, Melville, NY 11747NY1995-06$5
16The Seymour And Shirley Rubin Charitable Trust1088 Park Ave Ste 14f, New York, NY 10128-1132NY1995-03$3
17Christian Stewardship Fund Inc317 E 52nd St, New York, NY 10022-6302NY1997-02$0
18David Sauber Founation1555 54th St, Brooklyn, NY 11219-4346NY1995-06$0
19Henry And Nancy Silverman Foundation9 W 57th St Fl 37, New York, NY 10019-2701NY1997-01$0
20The Albany And Troy Lions Charitable Fund Inc48 Everett Rd, Colonie, NY 12205NY1994-02$0
Number of organizations performing similar types of work
Arizona3
California3
Connecticut7
Florida2
Iowa1
Kansas4
Massachusetts5
Minnesota1
North Dakota1
Nebraska1
New Hampshire1
New Jersey2
New York47
Ohio1
Oklahoma1
Oregon1
Pennsylvania2
Rhode Island1
South Carolina1
Texas4
Vermont2
International1
Total92

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