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The KS Foundation: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
The KS Foundation (EIN 31-6564245)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-15
IRS object ID
202501359349101700
Schema version
2024v5.1
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)
Return2025-05-15T08:15:17-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341341400PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1415 Group IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14300 Munson Street NWAddressLine1Txt
CityCantonCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44718ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN316564245EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The KS FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKSFOBusinessNameControlTxt
Phone3304993878PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1195 Creekside Circle NEAddressLine1Txt
CityNorth CantonCityNm
State AbbreviationOHStateAbbreviationCd
ZIP447202174ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJ Kevin RamseyPersonNm
Person TitleTrusteePersonTitleTxt
Phone3304993878PhoneNum
Signature2025-04-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCarol Polatas CPAPreparerPersonNm
PTINP01360980PTIN
Phone3304920094PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
PF Status Term Sect507b1 AYes (X)PFStatusTermSect507b1AInd
Final ReturnYes (X)FinalReturnInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,354DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,354DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,723NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$40,060GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,723CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$8,077TotalRevAndExpnssAmt
Total Net Invst Incm$8,077TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$600CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$493CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$107CompOfcrDirTrstDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,400AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$1,400AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$7TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,007TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$493TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,507TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$24,350ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$24,350ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,357TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$493TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,857TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,280ExcessRevenueOverExpensesAmt
Net Investment Income$7,584NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,817CashBOYAmt
Corporate Stock BOY$16,904CorporateStockBOYAmt
Corporate Stock EOY$0CorporateStockEOYAmt
Corporate Stock EOYFMV$0CorporateStockEOYFMVAmt
Total Assets BOY$18,721TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$18,721RetainedEarningBOYAmt
Retained Earning EOY$0RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$18,721TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$18,721TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$0TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$18,721TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,280ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$441SubtotalAmt
Other Decreases$441OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$0TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (8 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Metallus Inc - 500 shsP2024-04-152024-05-16$11,550$10,740$810$810
Pfizer Inc - 300 shsP2024-07-232024-11-19$7,530$8,850-$1,320-$1,320
Guggenheim Stretegic Opportunities Fd - 400 shsP2017-07-262024-10-18$6,340$5,459$881$881
PIMCO Corporate & Income Opportunity Fd - 339 shsP2017-05-182024-11-05$4,949$5,147-$198-$198
Sachem Cap Corp - 350 shsP2022-12-282024-11-19$577$1,106-$529-$529
Drive Shack Inc - 200 shsP2006-05-052024-10-18$1,900$4,035-$2,135-$2,135
Ohio Valey Univ Inc - Ser A BondP2007-08-312024-03-12$7,158$7,158$7,158
Capital Gains DividendsP$56$56$56
FieldValueIRS element (for citing)
Capital Gain Net Income$4,723CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$105InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$105SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$105TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$105TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved EtcYes (1)OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1J Kevin RamseyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3304993878PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1195 Creekside Circle NEAddressLine1Txt
CityNorth CantonCityNm
State AbbreviationOHStateAbbreviationCd
ZIP447202174ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnYes (1)PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions0ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
J Kevin Ramsey
195 Creekside Circle NENorth CantonOH447202174Trustee3.00$600$0$0
Shirley M Ramsey
195 Creekside Circle NENorth CantonOH447202174Trustee1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$14,248AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,181AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$19,429TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$19,429AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$291CashDeemedCharitableAmt
Net Vl Noncharitable Assets$19,138NetVlNoncharitableAssetsAmt
Minimum Investment Return$957MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$957MinimumInvestmentReturnAmt
Tax Based On Investment Income$105TaxBasedOnInvestmentIncomeAmt
Total Tax$105TotalTaxAmt
Distributable Before Adj$852DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$852DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$852DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,857ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$25,857QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$852DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$29,954ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$35,841ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$29,490ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$19,100ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$921ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$115,306TotalExcessDistributionCyovAmt
Qualifying Distributions$25,857QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$852AppliedToCurrentYearAmt
Remaining Distri From Corpus$25,005RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$140,311TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$29,954ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$110,357ExcessDistriCyovToNextYrAmt
Excess From Year4$35,841ExcessFromYear4Amt
Excess From Year3$29,490ExcessFromYear3Amt
Excess From Year2$19,100ExcessFromYear2Amt
Excess From Year1$921ExcessFromYear1Amt
Excess From Current Year$25,005ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerJ Kevin RamseyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1North Canton Church of ChristBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11301 E Maple StreetAddressLine1Txt
CityNorth CantonCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44720ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeReligious - General SupportGrantOrContributionPurposeTxt
Amt$24,350Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$24,350TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,354ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$4,723ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$8,077ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,077TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAccountingCategoryTxt
Amt$1,400Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$1,400DisbursementsCharitablePrpsAmt

Dissolution Stmt DissolutionStmt

Dissolution Information DissolutionInformationGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1North Canton Church of ChristBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11301 E Maple StreetAddressLine1Txt
CityNorth CantonCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44720ZIPCd
FieldValueIRS element (for citing)
Short ExplanationSee Statement 4.ShortExplanationTxt
Dissolution$24,350DissolutionAmt

Liquidation Explanation Stmt LiquidationExplanationStmt

FieldValueIRS element (for citing)
ExplanationFinal Termination Filing IRC 507(b)(1)(A) Section 1: Termination Statement The KS Foundation, EIN 31-6564245, has completed a full distribution of all its net assets during the calendar year ending December 31, 2024. These distributions were made exclusively to The North Canton Church of Christ, located at 1301 E Maple Street, North Canton, OH 44720, an organization described in IRC 170(b)(1)(A)(i) and 509(a)(1). In accordance with the requirements of IRC 507(b)(1)(A), the foundation affirms that: - All net assets were distributed to the church, which qualifies as a public charity and is not a private foundation. - No assets remain in the foundation as of the end of the 2024 tax year. - The foundation has not engaged in willful repeated acts of self-dealing or in any acts giving rise to termination under IRC 507(a). Accordingly, this return is filed as a final return, and the foundation respectfully requests recognition of termination of its private foundation status pursuant to 507(b)(1)(A). Section 2: Schedule of Final Asset Distributions This schedule accompanies the final Form 990-PF for The KS Foundation, EIN 31-6564245, for the tax year ending December 31, 2024. It lists all distributions made in accordance with IRC 507(b)(1)(A), representing the complete distribution of the foundation's net assets to qualifying public charities under 170(b)(1)(A)(i)-(vi) and 509(a)(1). Recipient Organization: North Canton Church of Christ Organization's EIN: 34-1016763 Organization's Address: 1301 E Maple Street, North Canton, OH 44720 Date(s) of Distribution: 11-25-24, 11-29-24, 12-3-24, 12-31-24 Amount Distributed: $24,350.19 (cash) Note: All distributions listed above were made to organizations qualifying under IRC 170(b)(1)(A)(i)-(vi) and 509(a)(1), and represent a full and final distribution of the foundation's net assets in accordance with IRC 507(b)(1)(A). Section 3: Statement Regarding Payment of Final Excise Tax by Board Manager/Trustee This return constitutes the final Form 990-PF for The KS Foundation, EIN 31-6564245, for the tax year ending December 31, 2024. As the foundation has distributed all of its net assets in accordance with IRC 507(b)(1)(A) and has closed its bank accounts, the payment of the excise tax on net investment income was made personally by J. Kevin Ramsey, Board Manager/Trustee of the foundation. This payment was made solely to satisfy the foundation's outstanding federal tax obligation and was not made in satisfaction of any personal liability. This statement is included for transparency and to confirm that all tax obligations of the foundation have been fulfilled.ExplanationTxt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescBasis adjustments/timing differencesDesc
Amt$441Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryExcise TaxCategoryTxt
Amt$7Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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