TY 2023 Form 990PF

Part I	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books	(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)
	1	Contributions, gifts, grants, etc., received (attach schedule)	1,771,350
2	Check .............
3	Interest on savings and temporary cash investments	471	471
4	Dividends and interest from securities...	192,000	192,000	0
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		0
b	Gross sales price for all assets on line 6a 0
7	Capital gain net income (from Part IV, line 2)...		0
8	Net short-term capital gain.........
9	Income modifications...........			0
10a	Gross sales less returns and allowances	0
b	Less: Cost of goods sold....	0
c	Gross profit or (loss) (attach schedule).....		0		0
11	Other income (attach schedule).......		0	0	0
12	Total. Add lines 1 through 11........	1,963,821	192,471	0
	13	Compensation of officers, directors, trustees, etc.	0	0	0	0
14	Other employee salaries and wages......	0	0	0	0
15	Pension plans, employee benefits.......	0	0	0	0
16a	Legal fees (attach schedule).........		0	0	0	0
b	Accounting fees (attach schedule).......		0	0	0	0
c	Other professional fees (attach schedule)....		0	0	0	0
17	Interest...............	0	0	0	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,600	1,600	0	0
19	Depreciation (attach schedule) and depletion...		0	0	0
20	Occupancy..............	0	0	0	0
21	Travel, conferences, and meetings.......	0	0	0	0
22	Printing and publications..........	0	0	0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	150	150	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,750	1,750	0	0
25	Contributions, gifts, grants paid.......	1,237,086			1,215,736
26	Total expenses and disbursements. Add lines 24 and 25	1,238,836	1,750	0	1,215,736
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	724,985
b	Net investment income (if negative, enter -0-)		190,721
c	Adjusted net income (if negative, enter -0-)...			0

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	302,144	1,034,980	1,034,980
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts	0	0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)		0
	b	Investments—corporate stock (attach schedule).......	1,731,200	List of Attached Documents: // Content 1,731,200	2,412,000
	c	Investments—corporate bonds (attach schedule).......		0
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	15	Other assets (describe )	0	0	0
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,033,344	2,766,180	3,446,980
	17	Accounts payable and accrued expenses..........	0	0
	18	Grants payable.................	0	0
	19	Deferred revenue.................	0	0
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......		0
	22	Other liabilities (describe )	List of Attached Documents: // Content 0	List of Attached Documents: // Content 0
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	2,033,344	2,766,180
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	2,033,344	2,766,180
	30	Total liabilities and net assets/fund balances (see instructions).	2,033,344	2,766,180

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................	3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	2,651
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	2,651
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	2,651
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............	7	3,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.	8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......	9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...	10	349
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax349	Refunded	11	0

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Efraim Grinberg List of Attached Documents: // Content	Director 0.50	0	0	0
650 From Road Paramus,NJ07652
Sallie DeMarsilis List of Attached Documents: // Content	Director 0.50	0	0	0
650 From Road Paramus,NJ07652
Mitchell Sussis List of Attached Documents: // Content	Director 0.50	0	0	0
650 From Road Paramus,NJ07652

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	Lincoln Center for the Performing Arts	502,700
2	Breast Cancer Research Foundation	114,000
3	WNET	100,000
4	Turn 2 Foundation	50,000

	(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7				157,872
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......			0
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......
d From 2021......
e From 2022......
f Total of lines 3a through e ........	0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 1,215,736
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2023 distributable amount.....				157,872
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5	0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........		0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........		0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............			0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........				0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......	0
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....
d Excess from 2022....
e Excess from 2023....

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
WNET 825 8th Street New York,NY10019	No Relationship	N A	Charitable Contribution	100,000
UJA Federation of New York 130 E 59th Street New York,NY10022	No Relationship	N A	Charitable Contribution	50,000
Breast Cancer Research Foundation 28 W 44th Street 609 New York,NY10036	No Relationship	N A	Charitable Contribution	120,000
Table to Table 611 Route 46 West Suite 240 Hasbrouck Heights,NJ07604	No Relationship	N A	Charitable Contribution	4,736
GLSEN 110 William Street 30th Floor New York,NY10038	No Relationship	N A	Charitable Contribution	25,000
Studio Museum of Harlem 144 W 125th Street New York,NY10027	No Relationship	N A	Charitable Contribution	25,000
Educational Alliance 197 East Broadway New York,NY10002	No Relationship	N A	Charitable Contribution	5,000
Fresh Air Fund 633 Third Avenue 14th Floor New York,NY10017	No Relationship	N A	Charitable Contribution	5,000
MCC Theater 511 W 52nd Street New York,NY10019	No Relationship	N A	Charitable Contribution	6,000
WIN Women In Need One State Street Plaza 18th Floor New York,NY10004	No Relationship	N A	Charitable Contribution	10,000
New Jersey Seeds 494 Broad Street 105 Newark,NJ07102	No Relationship	N A	Charitable Contribution	34,000
Turn 2 Foundation 1202 Lexington Avenue New York,NY10028	No Relationship	N A	Charitable Contribution	50,000
YMA Fashion Scholarship Fund 1501 Broadway 2001 New York,NY10036	No Relationship	N A	Charitable Contribution	15,000
Jewish Museum 1109 5th Avenue New York,NY10128	No Relationship	N A	Charitable Contribution	10,000
Lincoln Center for the Performing A 150 W 65th Street New York,NY10023	No Relationship	N A	Charitable Contribution	507,000
Savannah College of Art and Design 516 Drayton Street Savannah,GA31401	No Relationship	N A	Charitable Contribution	50,000
Montclair State Univ Foundation 1 Normal Avenue Montclair,NJ07043	No Relationship	N A	Charitable Contribution	30,000
NY City Partnership Foundation 1 Battery Park Plaza Floor 5 New York,NY10004	No Relationship	N A	Charitable Contribution	1,000
Maryland Art Place Inc 218 West Saratoga Street Baltimore,MD21201	No Relationship	N A	Charitable Contribution	50,000
The Milken Institute 590 Madison Avenue New York,NY10022	No Relationship	N A	Charitable Contribution	50,000
Pink Lemonade Stand Challenge 28 West 44th Street Suite 609 New,NY10036	No Relationship	N A	Charitable Contribution	10,000
The Nature Conservancy 200 Pottersville Road Chester,NJ07930	No Relationship	N A	Charitable Contribution	2,500
The Pink Agenda 28 W 44th Street 609 New York,NY10036	No Relationship	N A	Charitable Contribution	2,500
The Terri Roemer Paramus Run 475 N Fairview Avenue Paramus,NJ07652	No Relationship	N A	Charitable Contribution	1,000
Father's Day Mother's Day Council 34 09 Queens Boulevard Third Floor Long Island City,NY11101	No Relationship	N A	Charitable Contribution	30,000
Seattle Children's Hospital M/S 818 F P O Box 5371 Seattle,WA981452153	No Relationship	N A	Charitable Contribution	2,500
World Central Kitchen 200 Massachusetts Ave NW 7th Floor Washington,FL20001	No Relationship	N A	Charitable Contribution	5,000
Jewelers for Children 120 Broadway New York,NY10271	No Relationship	N A	Charitable Contribution	35,000
Earth Share of New Jersey 425 Greenwood Avenue 2A Trenton,NJ08609	No Relationship	N A	Charitable Contribution	850
Total ................................. 3a				1,237,086

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a		0		0	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
f		0		0	0
		0		0	0
gFees and contracts from government agencies
2 Membership dues and assessments ....		0		0	0
3 Interest on savings and temporary cash investments ...........		0		0	0
4 Dividends and interest from securities ....		0		0	0
5 Net rental income or (loss) from real estate:
aDebt-financed property......		0		0	0
bNot debt-financed property.....		0		0	0
6 Net rental income or (loss) from personal property		0		0	0
7 Other investment income .....		0		0	0
8 Gain or (loss) from sales of assets other than inventory ............		0		0	0
9 Net income or (loss) from special events:		0		0	0
10 Gross profit or (loss) from sales of inventory		0		0	0
11 Other revenue: a		0		0	0
b		0		0	0
c		0		0	0
d		0		0	0
e		0		0	0
12 Subtotal. Add columns (b), (d), and (e) ..		0		0	0


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances










Total number of other employees paid over $50,000...................

bApproved for future payment

Total ................................. 3b

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Name of organization The Movado Group Foundation

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Movado Group Inc 650 From Road Suite 375 Paramus, NJ07652	$ 1,771,350	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization The Movado Group Foundation		Employer identification number 22-3321221

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


Name of organization The Movado Group Foundation			Employer identification number 22-3321221
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

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