2026-08-05T08:23:01-04:00 2025-12-31 650258499 JOSEPH C KEMPE PROFESSIONAL ASSOCIATION 941 N HIGHWAY A1A JUPITER FL 33477 990 2025-01-01 371732764 PALM BEACH INDUSTRIAL PARK II INC PALM 7609437000 PO BOX 14486 NORTH PALM BEACH FL 33408 MICHAEL STECHEL COO AND SECRETARY 7609437000 2026-08-04 true BENJAMIN M DEVLEN CPA P01414084 5617477300 2026-08-05 2025 2025-03-06 01:10:19Z GEORGE STECHEL 100 LAKESHORE DRIVE APT 253 NORTH PALM BEACH FL 33408 1354023 false X X 2013 FL TO HOLD TITLE TO REAL PROPERTY AND TURN OVER PROFITS FROM THE RENTAL ACTIVITY TO THE PARENT EXEMPT ORGANIZATION; THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN: 11-6013398). 3 0 3 0 0 0 9414 18573 644852 867100 654266 885673 0 0 196871 201463 0 0 5319 16082 202190 217545 452076 668128 3709583 3468961 268463 264713 3441120 3204248 X TO HOLD TITLE TO REAL PROPERTY AND TURN OVER PROFITS FROM THE RENTAL ACTIVITY TO THE PARENT EXEMPT ORGANIZATION; THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN: 11-6013398). false false 685894 1335450 THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION. THE NET RENTS COLLECTED ARE DETERMINED ANNUALLY AND THE ORGANIZATION REMITS ANY SHORTFALL BETWEEN NET RENTS AND AMOUNTS DISTRIBUTED TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING THE CURRENT YEAR IN THE SUCCEEDING TAX YEAR. NET RENTS FOR THE YEAR ENDED DECEMBER 31, 2025, WERE 668,128 AND 905,000 WAS PAID TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION DURING 2025. THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION. 685894 false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 true 3 true false false false false false false false false X 3 0 true false false false true true true true true false false true true true true true true true true false FL X MICHAEL STECHEL 7609437000 108 LAKESHORE DRIVE APT 1639 NORTH PALM BEACH FL 33408 GERHARD JAKITS PRESIDENT 15.00 15.00 X X 62343 128783 30500 GEORGE STECHEL VICE-PRESIDE 15.00 15.00 X X 62343 128783 30500 MICHAEL STECHEL COO AND SECR 20.00 20.00 X X 62343 128783 30500 187029 386349 91500 false true false 18573 18573 1335450 468350 867100 867100 867100 885673 885673 187029 14434 1600 14482 217545 0 0 0 459562 317736 2687 4471 4204489 1068588 3222095 3135901 23977 9591 1262 1262 3709583 3468961 268463 264713 268463 264713 X 3441120 3204248 3441120 3204248 3709583 3468961 X 668128 -905000 X false false false 886596 886596 2549961 820576 1729385 683476 178117 505359 23500 16107 7393 60956 53788 7168 3135901 SECURITY DEPOSITS 219608 PREPAID RENT 43147 DIVIDEND PAYABLE TO LCRAF 1408 CREDIT CARD PAYABLE 550 264713 X true true false false false GERHARD JAKITS PRESIDENT 62343 128783 30500 62343 159283 GEORGE STECHEL VICE-PRESIDENT 62343 128783 30500 62343 159283 MICHAEL STECHEL COO AND SECRETARY 62343 128783 30500 62343 159283 FORM 990, PAGE 2, PART III, LINE 4D THE ONLY PROGRAM SERVICE ACCOMPLISHMENT OF THE ORGANIZATION IS THE COLLECTION OF RENTS, PAYMENTS FOR ORDINARY AND NECESSARY EXPENSES TO MAINTAIN THE RENTAL PROPERTY, AND THE REMITTANCE OF THE EXCESS TO THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (EIN:11-6013398)FOR THE PURPOSE OF FULFILLING THE DONATION INTENT OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 2 GEORGE STECHEL MICHAEL STECHEL VP COOSECRETARY FATHER FORM 990, PAGE 6, PART VI, LINE 6 .01 THE SOLE STOCKHOLDER OF PALM BEACH INDUSTRIAL PARK II, INC. (A TITLE- HOLDING CORPORATION) IS THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (A NON-OPERATING PRIVATE FOUNDATION EXEMPT FROM TAX UNDER 501(C)(3). FORM 990, PAGE 6, PART VI, LINE 7A 02. THE TRUSTEES OF THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION ELECT THE DIRECTORS OF THE PALM BEACH INDUSTRIAL PARK II, INC. FORM 990, PAGE 6, PART VI, LINE 7B 03. AS A TITLE-HOLDING COMPANY AND SUBSIDIARY CORPORATION OF THE LEO, CLAIRE AND ROBERT ADENBAUM FOUNDATION, THE GOVERNANCE DECISIONS OF THE INDUSTRIAL PARK ARE SUBJECT TO APPROVAL BY THE TRUSTEES OF THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 11B 04. IN A MEETING WITH THE ORGANIZATION'S ACCOUNTANT PRIOR TO FILING THE RETURN, ALL DIRECTORS WERE PRESENT AND REVIEWED THE RETURN IN DETAIL. FORM 990, PAGE 6, PART VI, LINE 12C 05. BIMONTHLY MEETINGS ARE HELD TO REVIEW OPERATIONS OF THE INDUSTRIAL PARK AND CONDUCT VARIOUS MANAGERIAL TASKS INCLUDING ENFORECEMENT OF CONFLICTS OF INTEREST POLICIES. FORM 990, PAGE 6, PART VI, LINE 15A 06. DIRECTORS AND MANAGEMENT DETERMINED COMPENSATION AND THE DELIBERATION IS DOCUMENTED IN THE BIMONTHLY MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B 06. DIRECTORS AND MANAGEMENT DETERMINED COMPENSATION AND THE DELIBERATION IS DOCUMENTED IN THE BIMONTHLY MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 07. ALL GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND STORED WITH THE ORGANIZATION'S SECRETARY AT 108 LAKESHORE DRIVE 1639, NORTH PALM BEACH, FL 33408. FORM 990, PART XI 08. THE TOTAL REDUCTION OF NET ASSETS OF 905,000 IS THE AMOUNT OF DIVIDENDS PAID TO THE LEO, CLAIRE & ROBERT AUDENBAUM FOUNDATION. 09. FORM 990, PART 1, LINE 1 PALM BEACH INDUSTRIAL PARK IS ORGANIZED AS A TITLE HOLDING CORPORATION FOR THE BENEFIT OF AND CONTROLLED BY THE LEO, CLAIRE & ROBERT ADENBAUM FOUNDATION (LCRAF). GEORGE STECHEL AND GERHARD JAKITS ARE TRUSTEES OF LCRAF AND ALSO SERVE AS DIRECTORS FOR PALM BEACH INDUSTRIAL PARK II (PBIP II). JODY OLIVER ALSO SERVED AS CO-TRUSTEE OF LCRAF. AS TRUSTED ADVISORS WITH TIE BREAKING VOTING ABILITY, GEORGE AND GERHARD DIRECT THE DAILY ACTIVITIES OF BOTH ENTITIES AND ACT IN AN EMPLOYMENT CAPACITY WHEN MANAGING THE RENTAL ACTIVITY OF PBIP II. FORM 990, PART XI, LINE 9 DIVIDENDS PAID TO LCRAF -905,000 LEO CLAIRE AND ROBERT ADENBAUM FDN PO BOX 14486 NORTH PALM BEACH FL 33408 116013398 GRANTING FL 501C3 PF NONE false false false false false false false false false false false false false false false false false false false false