FLS FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: FLS FOUNDATION INC (EIN 46-4351406)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-11-14
IRS object ID: 202343189349104964
Schema version: 2022v5.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-11-14T16:11:04-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	133762892	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SOLOMON HIRSCH CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	21 REMSEN AVE SUITE 302	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	464351406	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FLS FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FLSF	BusinessNameControlTxt
Phone	8453696100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ABRAHAM FEIG	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	8453696100	PhoneNum
Signature	2023-11-14	SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ABRAHAM	PersonFirstNm
Person Last	FIEG	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PERRY DINTER	PreparerPersonNm
PTIN	P00636558	PTIN
Phone	8455174222	PhoneNum
Preparation	2023-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$298,678	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$2,005,178	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$2,005,178	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,900	AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss	$250	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$177	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$2,327	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,988,171	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,988,171	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$3,990,498	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$3,988,171	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,985,320	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$2,300,408	CashBOYAmt
Cash EOY	$298,678	CashEOYAmt
Cash EOYFMV	$298,678	CashEOYFMVAmt
Total Assets BOY	$2,300,408	TotalAssetsBOYAmt
Total Assets EOY	$298,678	TotalAssetsEOYAmt
Total Assets EOYFMV	$298,678	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$22,609	AccountsPayableBOYAmt
Accounts Payable EOY	$6,199	AccountsPayableEOYAmt
Total Liabilities BOY	$22,609	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$6,199	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$2,277,799	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$292,479	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$2,277,799	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$292,479	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$2,300,408	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$298,678	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$2,277,799	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,985,320	ExcessRevenueOverExpensesAmt
Subtotal	$292,479	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$292,479	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	THE FOUNDATION	IndividualWithBooksNm
Phone	8453696100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
Address Line2	11 TIMOTHY COURT	AddressLine2Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt	Address Line2USAddress/AddressLine2Txt
ABRAHAM FEIG
11 TIMOTHY COURT	MONSEY	NY	10952	DIRECTOR	1.50	$0	$0	$0
BENZION LEBOVITZ
1249 58TH STREET	BROOKLYN	NY	11219	DIRECTOR	1.50	$0	$0	$0	1249 58TH STREET
LAZER RAAB
35 DR FRANK ROAD	SPRING VALLEY	NY	10977	SECRETARY	0.50	$0	$0	$0	35 DR FRANK ROAD

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$93,791	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$93,791	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$93,791	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,407	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$92,384	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$4,619	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$4,619	MinimumInvestmentReturnAmt
Distributable Before Adj	$4,619	DistributableBeforeAdjAmt
Distributable Before Ded	$4,619	DistributableBeforeDedAmt
Distributable As Adjusted	$4,619	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$3,988,171	ExpensesAndContributionsAmt
Qualifying Distributions	$3,988,171	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$4,619	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$816,322	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$606,867	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$707,849	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$405,453	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$342,521	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$2,879,012	TotalExcessDistributionCyovAmt
Qualifying Distributions	$3,988,171	QualifyingDistributionsAmt
Applied To Current Year	$4,619	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$3,983,552	RemainingDistriFromCorpusAmt
Total Corpus	$6,862,564	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$816,322	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$6,046,242	ExcessDistriCyovToNextYrAmt
Excess From Year4	$606,867	ExcessFromYear4Amt
Excess From Year3	$707,849	ExcessFromYear3Amt
Excess From Year2	$405,453	ExcessFromYear2Amt
Excess From Year1	$342,521	ExcessFromYear1Amt
Excess From Current Year	$3,983,552	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	ABRAHAM FEIG	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8453696100	RecipientPhoneNum
Form And Info And Materials	TELEPHONE OR MAIL SOLICITATIONS	FormAndInfoAndMaterialsTxt
Submission Deadlines	NO DEADLINE	SubmissionDeadlinesTxt
Restrictions On Awards	NO RESTRICTIONS	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	SEE LIST ATTACHED	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	CHARITABLE	GrantOrContributionPurposeTxt
Amt	$3,988,171	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,988,171	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (3 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Address Line2ContributorUSAddress/AddressLine2Txt
FINE LINE SETTINGS INC
1	135 CROTTY RD	MIDDLETOWN	NY	10941	$81,178	Yes (X)
ABRAHAM FEIG
2	11 TIMOTHY COURT	MONSEY	NY	10952	$1,860,000	Yes (X)
DYNAMIC DISTRIBUTORS INC
3	25 ROBERT PITT DR	MONSEY	NY	10952	$64,000	Yes (X)	SUITE 210

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	CategoryTxt
Amt	$1,900	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES	$95
OFFICE EXPENSE	$82

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	INDIRECT TAXES/LICENSES	CategoryTxt
Amt	$250	Amt

Comments