Civic Intelligence

Jerome & Lorraine Aresty Charitable

990PF • Fiscal year 2020 • EIN 06-1725894

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 30, 2021

C/O Alfred Dunner 1333 BroadwayNew York, NY 10018

(212) 944-6660

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-45659%

Higher net margin than 1% of similar nonprofits.

2020 filings • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • <$500k nonprofits • Source year 2020

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-95%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $29,024,391 (-100%) from 2019

Net Assets

Down

$0

Down $29,024,391 (-100%) from 2019

Liabilities

Down

$0

Down $1 (-100%) from 2019

Revenue

Down

$73,733

Down $1,382,454 (-95%) from 2019

Expenses

Up

$33,739,589

Up $28,884,038 (+595%) from 2019

Net Income

Down

-$33,665,856

Down $30,266,492 (-890%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $11,197,907Liabilities 2011: $0Net Assets 2011: $11,197,9072011Assets 2012: $18,885,905Liabilities 2012: $02012Assets 2013: $19,748,482Liabilities 2013: $02013Assets 2014: $20,113,073Liabilities 2014: $0Net Assets 2014: $20,113,0732014Assets 2015: $19,772,494Liabilities 2015: $12015Assets 2017: $32,106,601Liabilities 2017: $0Net Assets 2017: $32,106,6012017Assets 2018: $31,281,446Liabilities 2018: $0Net Assets 2018: $31,281,4462018Assets 2019: $29,024,391Liabilities 2019: $1Net Assets 2019: $29,024,3912019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20M-$40MExpenses 2011: $300,0612011Revenue 2012: $5,503,195Expenses 2012: $520,356Net Income 2012: $4,982,8392012Revenue 2013: $2,085,192Expenses 2013: $1,222,615Net Income 2013: $862,5772013Revenue 2014: $1,676,723Expenses 2014: $1,318,720Net Income 2014: $358,0032014Revenue 2015: $877,230Expenses 2015: $1,217,809Net Income 2015: -$340,5792015Revenue 2017: $6,297,664Expenses 2017: $2,002,779Net Income 2017: $4,294,8852017Revenue 2018: $1,286,884Expenses 2018: $2,112,039Net Income 2018: -$825,1552018Revenue 2019: $1,456,187Expenses 2019: $4,855,551Net Income 2019: -$3,399,3642019Revenue 2020: $73,733Expenses 2020: $33,739,589Net Income 2020: -$33,665,8562020

Highlighted filing

2020

Revenue$73,733
Expenses$33,739,589
Net Income-$33,665,856
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 30, 2021
Return Version
2020v4.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES ARESTYPresident-$0--
KAREN KUSTELSecretary-$0--
MOREY GOLDBERGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Jerome & Lorraine Aresty Charitable
EIN
06-1725894
In Care Of
% ALFRED DUNNER INC
Phone
2129446660
Address
C/O ALFRED DUNNER 1333 BROADWAY, NEW YORK, NY 10018

Signing Officer

Name
James Aresty
Title
president
Phone
2129446660
Signed
2021-08-30
Discuss with paid preparer
Yes

Preparer

Firm
Eisner Advisory Group LLC
Address
111 WOOD AVE SO STE 600, ISELIN, NJ 08830-2700
Preparer
Howard Klein
Phone
7322437000
Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/AnyDiversionByGranteeTxt1NO
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt0THE KUSTEL FUND
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/BusinessName/BusinessNameLine1Txt1THE ARESTY FAMILY FOUNDATION
ExpenditureResponsibilityStmt/ExpenditureResponsibilityGrp/DatesOfReportsByGranteeTxt0December 31, 2020
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0President
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt2DIRECTOR
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IRS990PF/QualifyingDistriPartXIIGrp/CharitableAssetsAcquisPaidAmt00
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IRS990PF/QualifyingDistriPartXIIGrp/ProgramRelatedInvstTotalAmt00
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt033660744
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IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt01333 BROADWAY 12 FL
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0NEW YORK
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0NY
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd010018
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0true
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0FL
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0ALFRED DUNNER INC
IRS990PF/StatementsRegardingActyGrp/PhoneNum02129446660
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0true
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IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
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IRS990PF/SumOfProgramRelatedInvstGrp/Description1Txt0.
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt016855599
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt116805145
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0TO TRANSFER ASSETS TO The Kustel Fund
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt1TO TRANSFER ASSETS to The Aresty Family Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0The Kustel Fund
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1The Aresty Family Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt0PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt1PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0Related Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1Related Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt0C/O ALFRED DUNNER 1333 BROADWAY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt1C/O ALFRED DUNNER 1333 BROADWAY
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0NEW YORK
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm1NEW YORK
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IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt033660744
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IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt0282527
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IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt02768374
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt036146591
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt033378217
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt02768374
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt00
IRS990PF/UndistributedIncomeGrp/PriorYear1Yr02018
IRS990PF/UndistributedIncomeGrp/PriorYear2Yr02017
IRS990PF/UndistributedIncomeGrp/PriorYear3Yr02016
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt033660744
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IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
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IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt02768374
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt00
LiquidationExplanationStmt/ExplanationTxt0The Jerome & Lorraine Aresty Charitable Foundation contributed it's assets to The Kustel Fund (83-3330698) and The Aresty Family Foundation (83-3932435) between January 28, 2020 and December 31, 2020. The assets distributed included cash in the amount of $309,865 and securities with a fair market value of $33,350,880. These distributions will be used by the Kustel Fund and the Aresty Family Foundation to further expand the philanthropic goals of the Aresty Family to express their charitable and benevolent values through donations and contributions to other qualified charitable organizations. These qualified charitable organizations include recognized 501(c)(3) exempt organizations, associations, corporations, institutions or agencies.
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BANK FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt05
OtherIncomeSchedule2/OtherIncomeDetail/Desc0Non Dividend Distributions
OtherIncomeSchedule2/OtherIncomeDetail/Desc1Federal Tax Refund
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt06928
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt134269
OtherIncreasesSchedule/OtherIncreasesDetail/Amt04641465
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0DONATED SECURITIES - MARKET APPRECIATION
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/Amt045148
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/CategoryTxt0INVESTMENT ADVISORY FEES
OtherProfessionalFeesSchedule/OtherProfessionalFeesDetail/NetInvestmentIncomeAmt045148
TaxesSchedule/TaxesDetail/Amt030300
TaxesSchedule/TaxesDetail/Amt13392
TaxesSchedule/TaxesDetail/CategoryTxt0EXCISE TAX
TaxesSchedule/TaxesDetail/CategoryTxt1FOREIGN TAXES
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt03392
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES ARESTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0president
ReturnHeader/BusinessOfficerGrp/PhoneNum02129446660
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JEROME & LORRAINE ARESTY CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0JERO
ReturnHeader/Filer/EIN0061725894
ReturnHeader/Filer/InCareOfNm0% ALFRED DUNNER INC
ReturnHeader/Filer/PhoneNum02129446660
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O ALFRED DUNNER 1333 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EISNER ADVISORY GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0111 WOOD AVE SO STE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ISELIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0088302700
ReturnHeader/PreparerPersonGrp/PhoneNum07322437000
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD KLEIN
ReturnHeader/ReturnTs02021-10-06T14:16:06-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ARESTY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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