KCEG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KCEG FOUNDATION (EIN 13-7103161)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-15
IRS object ID
202401369349103155
Schema version
2023v5.0
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)
Return2024-05-15T11:10:46-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133358774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1126 Spruce StreetAddressLine1Txt
CityCedarhurstCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11516ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137103161EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KCEG FOUNDATION THEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKCEGBusinessNameControlTxt
Phone8454257676PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 ROBERT PITT DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEPHRAIM GROSSMANPersonNm
Person TitleTrusteePersonTitleTxt
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEPHRAIMPersonFirstNm
Person LastGROSSMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonChaya S KohnPreparerPersonNm
PTINP01266684PTIN
Phone2122211140PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,118,701FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,000,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$70,943InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$70,943InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$7,322DividendsRevAndExpnssAmt
Dividends Net Invst Incm$7,322DividendsNetInvstIncmAmt
Total Rev And Expnss$1,078,265TotalRevAndExpnssAmt
Total Net Invst Incm$78,265TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,830AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$915AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$915AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$75TaxesRevAndExpnssAmt
Taxes Net Invst Incm$75TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$550OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$550OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,455TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$990TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,465TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$544,062ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$544,062ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$546,517TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$990TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$545,527TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$531,748ExcessRevenueOverExpensesAmt
Net Investment Income$77,275NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$586,312CashBOYAmt
Cash EOY$1,011,422CashEOYAmt
Cash EOYFMV$1,011,422CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,600,000SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,670,943SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,670,943SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$75,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$75,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$75,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$75,000OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock BOY$100,680CorporateStockBOYAmt
Corporate Stock EOY$100,680CorporateStockEOYAmt
Corporate Stock EOYFMV$108,453CorporateStockEOYFMVAmt
Other Investments BOY$217,188OtherInvestmentsBOYAmt
Other Investments EOY$252,883OtherInvestmentsEOYAmt
Other Investments EOYFMV$252,883OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,579,180TotalAssetsBOYAmt
Total Assets EOY$4,110,928TotalAssetsEOYAmt
Total Assets EOYFMV$4,118,701TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,579,180RetainedEarningBOYAmt
Retained Earning EOY$4,110,928RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,579,180TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,110,928TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,579,180TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,110,928TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,579,180TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$531,748ExcessRevenueOverExpensesAmt
Subtotal$4,110,928SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,110,928TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,074InvestmentIncomeExciseTaxAmt
Subtotal$1,074SubtotalAmt
Tax Based On Investment Income$1,074TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$59EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$2,500ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$2,559TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$16EsPenaltyAmt
Overpayment$1,469OverpaymentAmt
Applied To ES Tax$1,469AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1EPHRAIM GROSSMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8454257676PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line127 ROBERT PITT DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EPHRAIM GROSSMAN
16 SUNRISE DRIVEMONSEYNY10952Trustee1.25$0
HENDEL GROSSMAN
16 SUNRISE DRIVEMONSEYNY10952Trustee0.50$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$29,208AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,950,614AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,979,822TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,979,822AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$44,697CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,935,125NetVlNoncharitableAssetsAmt
Minimum Investment Return$146,756MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$146,756MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,074TaxBasedOnInvestmentIncomeAmt
Total Tax$1,074TotalTaxAmt
Distributable Before Adj$145,682DistributableBeforeAdjAmt
Distributable Before Ded$145,682DistributableBeforeDedAmt
Distributable As Adjusted$145,682DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$545,527ExpensesAndContributionsAmt
Qualifying Distributions$545,527QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$145,682DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$365,225ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$330,170ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$348,229ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$189,552ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$212,827ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,446,003TotalExcessDistributionCyovAmt
Qualifying Distributions$545,527QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$145,682AppliedToCurrentYearAmt
Remaining Distri From Corpus$399,845RemainingDistriFromCorpusAmt
Total Corpus$1,845,848TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$365,225ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,480,623ExcessDistriCyovToNextYrAmt
Excess From Year4$330,170ExcessFromYear4Amt
Excess From Year3$348,229ExcessFromYear3Amt
Excess From Year2$189,552ExcessFromYear2Amt
Excess From Year1$212,827ExcessFromYear1Amt
Excess From Current Year$399,845ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEPHRAIM GROSSMANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BAIS MALKA
40 Grandview AveSpring ValleyNY10977NONEEXEMPTCHARITABLE$38,300
BELZ
4303 15th AveBrooklynNY11219NONEEXEMPTCHARITABLE$33,750
Yeshiva Bais Yehudah
72 Main StreetMonseyNY10952NONEEXEMPTCHARITABLE$14,410
Talmud Torah Machzikei Hadas
2 Warren CtMonseyNY10952NONEEXEMPTCHARITABLE$146,170
VARIOUS CHARITABLE ORGANIZATIONS
MonseymonseyNY10952NONEEXEMPTCHARITABLE$89,810
Kollel Belz
12 MAPLE TERMONSEYNY10952NONEEXEMPTCHARITABLE$13,122
Congregation Bais Yisascher
12 Maple TerraceMonseyNY10952NONEEXEMPTCHARITABLE$26,000
Kupath Hadayanim
1 ALPINE CTSPRING VALLEYNY10977NONEEXEMPTCHARITABLE$45,340
CONGREGATION AHAVAS CHESED
70 LEFFERTS AVEBROOKLYNNY11203NONEEXEMPTCHARITABLE$14,360
Merkaz Mosdos Belz
4305 15TH AVEBROOKLYNNY11219NONEEXEMPTCHARITABLE$64,800
OJC FUND
1303 53RD STREETBROOKLYNNY11219NONEEXEMPTCHARITABLE$40,000
YESHIVA TORAS EPHRAIM
93 COLLEGE ROADMONSEYNY10952NONEEXEMPTCHARITABLE$18,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$544,062TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$70,943ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$7,322ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$78,265ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$78,265TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonEPHRAIM GROSSMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line116 SUNRISE DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,000,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryBERNATH AND ROSENBERGCategoryTxt
Amt$1,830Amt
Net Investment Income$915NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$915DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEEDesc
Revenue And Expenses Per Books$550RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$550DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$75Amt
Net Investment Income$75NetInvestmentIncomeAmt

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