KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-10
IRS object ID
202203149349101955
Schema version
2021v4.0
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)
Return2022-11-10T09:27:34-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261449853PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PHILLIP M STERN & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11901 51ST STREET STE 1AAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN274430732EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KAGAN FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAGABusinessNameControlTxt
Phone3472424854PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11876 55TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMeir KaganPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMeirPersonFirstNm
Person LastKaganPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonESTHER HELLER CPAPreparerPersonNm
PTINP01769891PTIN
Phone7182320770PhoneNum

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$945,480FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss-$94,679OtherIncomeRevAndExpnssAmt
Total Rev And Expnss-$94,679TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$102,271ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$102,271ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$102,271TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$102,271TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$196,950ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$274,526CashBOYAmt
Cash EOY$173,473CashEOYAmt
Cash EOYFMV$173,473CashEOYFMVAmt
Acct Rcvbl$9,000AcctRcvblAmt
Acct Rcvbl BOY$9,000AcctRcvblBOYAmt
Acct Rcvbl EOY$9,000AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$9,000AcctRcvblEOYFMVAmt
Other Investments BOY$858,904OtherInvestmentsBOYAmt
Other Investments EOY$763,007OtherInvestmentsEOYAmt
Other Investments EOYFMV$763,007OtherInvestmentsEOYFMVAmt
Other Assets BOY$1OtherAssetsBOYAmt
Other Assets EOY$1OtherAssetsEOYAmt
Total Assets BOY$1,142,431TotalAssetsBOYAmt
Total Assets EOY$945,481TotalAssetsEOYAmt
Total Assets EOYFMV$945,480TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,142,431NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$945,481NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,142,431TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$945,481TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,142,431TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$945,481TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,142,431TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$196,950ExcessRevenueOverExpensesAmt
Subtotal$945,481SubtotalAmt
Tot Net Ast Or Fund Balances EOY$945,481TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 Line1MEIR KAGANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3472424854PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11876 55TH STAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Meir Kagan
1876 55th StreetBrooklynNY11204President2.00$0
Gitty Kagan
1876 55th StreetBrooklynNY11204Secretary1.00$0
Israel Werdyger
1447 48th StreetBrooklynNY11219Treasurer0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$170,812AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$170,812TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$170,812AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,562CashDeemedCharitableAmt
Net Vl Noncharitable Assets$168,250NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,413MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,413MinimumInvestmentReturnAmt
Distributable Before Adj$8,413DistributableBeforeAdjAmt
Distributable Before Ded$8,413DistributableBeforeDedAmt
Distributable As Adjusted$8,413DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$102,271ExpensesAndContributionsAmt
Qualifying Distributions$102,271QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,413DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$73,028ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$81,540ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$77,493ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$70,499ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$61,568ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$364,128TotalExcessDistributionCyovAmt
Qualifying Distributions$102,271QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,413AppliedToCurrentYearAmt
Remaining Distri From Corpus$93,858RemainingDistriFromCorpusAmt
Total Corpus$457,986TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$73,028ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$384,958ExcessDistriCyovToNextYrAmt
Excess From Year4$81,540ExcessFromYear4Amt
Excess From Year3$77,493ExcessFromYear3Amt
Excess From Year2$70,499ExcessFromYear2Amt
Excess From Year1$61,568ExcessFromYear1Amt
Excess From Current Year$93,858ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMeir KaganContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonTHE KAGAN FAMILY FOUNDATION INCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11876 55TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (27 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CONGREGATION PNEI MENACHEM
4533 18th AVENUEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$6,800
ICHUD MOSDOS GUR
1310 48TH STREETBROOKLYNNY11219N/A501 C(3)EDUCATIONAL ASSISTANCE$30,500
KOLLEL CHASIDEI GUR
1537 51ST STREETBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$1,200
MESIVTA BAIS YISROEL
5407 16TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$4,000
KUPAT EIZER NAISUIN BAIS YISROEL
1274 49TH STREET STE 169BROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$1,500
CONGREGATION KEHILAS YAAKOV YITZCHOK
92 WEBSTER AVEBROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$150
Khal Ropshitz
PO Box 40487BrooklynNY11204NOT RELATEDCHARITABLE$500
FRIENDS OF RE'AIM MISAMCHEI HASHABB
1149 42ND STREETBROOKLYNNY11219NOT RELATEDCHARITABLE$1,000
RCCS
762 Bedford AvenueBrooklynNY11205NOT RELATEDCHARITABLE$2,160
Yeshiva Ketana Dchasidei Gur
1371 42nd StreetBrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$360
YESHIVA YAGDIL TORAH
5110 18TH AVEBROOKLYNNY11204NOT RELATED501(C)(3)CHARITABLE$3,100
TALMUD TORAH OHEL YOCHANAN
1325 38TH STBROOKLYNNY11218NOT RELATED501(C)(3)EDUCATIONAL ASSISTANCE$1,000
FRIENDS OF HARIM
1215 53RD STBROOKLYNNY11219NOT RELATED501(C)(3)CHARITABLE$9,450
REFUAH YESHUAH
3054 BEDFORD AVEBROOKLYNNY11210NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,000
American Friends of Mosdos Bet Shem
5014 16TH AVENUE SUITE 541BrooklynNY11204NOT RELATEDCHARITABLE$3,000
BONEI OLAM
1755 46th StreetBrooklynNY11204NOT RELATEDCHARITABLE$10,000
MEDICAL RESOURCES INC
2066 MCDONALD AVEBrooklynNY11223NOT RELATEDMEDICAL SERVICES$2,000
Chesed L Yisroel
5021 16TH AVEBrooklynNY11204NOT RELATEDCHARITABLE$11,000
Congregation Meohr Yisroel
1843 48TH STBrooklynNY11204NOT RELATEDRELIGIOUS SUPPORT$4,200
Cong Zichron Yehuda
3054 BEDFORD AVEBrooklynNY11210NOT RELATEDRELIGIOUS SUPPORT$1,750
IMANU
1437 47TH STREETBrooklynNY11219NOT RELATEDCHARITABLE$500
Renewal of Life Inc
5904 13TH AVEBROOKLYNNY11219NOT RELATEDMEDICAL SERVICES$1,000
Shmira Community Services Inc
1216 48TH STBrooklynNY11219NOT RELATEDCHARITABLE$860
Boro Park Shomrim Inc
3618 14TH AVEBrooklynNY11218NOT RELATEDCHARITABLE$360
Yeshiva Ohr Hachaim
1552 39TH STBrooklynNY11218NOT RELATEDEDUCATIONAL ASSISTANCE$500
Cong Tov Umeitov
5014 16TH AVEBrooklynNY11204NOT RELATEDRELIGIOUS SUPPORT$500
Charidy Foundation
387 CROWN STBrooklynNY11225NOT RELATEDCHARITABLE$3,881
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$102,271TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
Exclusion1ExclusionCd
Exclusion-$94,679ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$94,679ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$94,679TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (8 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Long Term Investment-NR PortfolioAT COST
Long Term InvestmentAT COST$172,498$172,498
Long Term Investment-101 WestAT COST$122,801$122,801
Investment Receivable-WBM SenAT COST$161,085$161,085
Investment Receivable-MeridianAT COST$106,374$106,374
Investment Receivble-116th StrAT COST$18,814$18,814
Investment Receivable-ManhattanvilleFMV$306,928$306,928
Investment Receivable - ContinentalAT COST$120,109$120,109

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescRoundingDesc
BOY Book Value$1BOYBookValueAmt
EOY Book Value$1EOYBookValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINVESTMENTDesc
Revenue And Expenses Per Books-$94,679RevenueAndExpensesPerBooksAmt

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