KCEG FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
KCEG FOUNDATION (EIN 13-7103161)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-09
IRS object ID
202123139349102257
Schema version
2020v4.0
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)
Return2021-11-09T11:57:29-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Line11430 Broadway 7th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-09SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJames H BernathPreparerPersonNm
PTINP00187297PTIN
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,164,891FMVAssetsEOYAmt
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$16,356InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$16,356InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$1,016,356TotalRevAndExpnssAmt
Total Net Invst Incm$16,356TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,545AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$772AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$773AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$1,000TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$36,225OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$180OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$350OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$38,770TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$952TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,123TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$472,112ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$472,112ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$510,882TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$952TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$473,235TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$505,474ExcessRevenueOverExpensesAmt
Net Investment Income$15,404NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,084,920CashBOYAmt
Cash EOY$78,720CashEOYAmt
Cash EOYFMV$78,720CashEOYFMVAmt
Sav And Temp Cash Invst BOY$1,812,864SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,900,476SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,900,476SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$476,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$551,938OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$476,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$476,000OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY$208,248OtherInvestmentsBOYAmt
Other Investments EOY$708,744OtherInvestmentsEOYAmt
Other Investments EOYFMV$709,695OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,657,970TotalAssetsBOYAmt
Total Assets EOY$4,163,940TotalAssetsEOYAmt
Total Assets EOYFMV$4,164,891TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,657,970RetainedEarningBOYAmt
Retained Earning EOY$4,163,940RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,657,970TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$4,163,940TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,657,970TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,163,940TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,657,970TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$505,474ExcessRevenueOverExpensesAmt
Other Increases$496OtherIncreasesAmt
Subtotal$4,163,940SubtotalAmt
Tot Net Ast Or Fund Balances EOY$4,163,940TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$214InvestmentIncomeExciseTaxAmt
Subtotal$214SubtotalAmt
Tax Based On Investment Income$214TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$443EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$443TotalPaymentsAndCreditsAmt
Overpayment$229OverpaymentAmt
Applied To ES Tax$229AppliedToESTaxAmt

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$17,395AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,548,199AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$976,951FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,542,545TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,542,545AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$38,138CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,504,407NetVlNoncharitableAssetsAmt
Minimum Investment Return$125,220MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$125,220MinimumInvestmentReturnAmt
Tax Based On Investment Income$214TaxBasedOnInvestmentIncomeAmt
Total Tax$214TotalTaxAmt
Distributable Before Adj$125,006DistributableBeforeAdjAmt
Distributable Before Ded$125,006DistributableBeforeDedAmt
Distributable As Adjusted$125,006DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$473,235ExpensesAndContributionsAmt
Qualifying Distributions$473,235QualifyingDistributionsAmt
Adjusted Qualifying Distri$473,235AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$125,006DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$409,974ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$493,868ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$576,489ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$365,225ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$330,170ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,175,726TotalExcessDistributionCyovAmt
Qualifying Distributions$473,235QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$125,006AppliedToCurrentYearAmt
Remaining Distri From Corpus$348,229RemainingDistriFromCorpusAmt
Total Corpus$2,523,955TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$409,974ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,113,981ExcessDistriCyovToNextYrAmt
Excess From Year4$493,868ExcessFromYear4Amt
Excess From Year3$576,489ExcessFromYear3Amt
Excess From Year2$365,225ExcessFromYear2Amt
Excess From Year1$330,170ExcessFromYear1Amt
Excess From Current Year$348,229ExcessFromCurrentYearAmt

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$17,700
BELZ
4303 15th AveBrooklynNY11219NONEEXEMPTCHARITABLE$55,100
Yeshiva Bais Yehudah
72 Main StreetMonseyNY10952NONEEXEMPTCHARITABLE$108,140
Talmud Torah Machzikei Hadas
2 Warren CtMonseyNY10952NONEEXEMPTCHARITABLE$20,130
VARIOUS CHARITABLE ORGANIZATIONS
MonseymonseyNY10952NONEEXEMPTCHARITABLE$95,207
Kollel Belz
12 MAPLE TERMONSEYNY10952NONEEXEMPTCHARITABLE$42,785
Congregation Bais Yisascher
12 Maple TerraceMonseyNY10952NONEEXEMPTCHARITABLE$12,500
American Friends of Belz
1301 47th StBrooklynNY11219NONEEXEMPTCHARITABLE$50,000
Kupath Hadayanim
1 ALPINE CTSPRING VALLEYNY10977NONEEXEMPTCHARITABLE$30,190
CONGREGATION AHAVAS CHESED
70 LEFFERTS AVEBROOKLYNNY11203NONEEXEMPTCHARITABLE$13,760
KAHAL TORATH CHAIM
25 PHYLISS TERRACEMONSEYNY10952NONEEXEMPTCHARITABLE$14,100
YESHIVA AVIR YAAKOV
766 N Main StSpring ValleyNY10977NONEEXEMPTCHARITABLE$12,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$472,112TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$16,356ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$16,356ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,356TotalIncomeProducingActyAmt

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$1,545Amt
Net Investment Income$772NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$773DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MASS MUTUAL LIFE INSURANCE POLICYAT COST$208,744$208,744
MERRILL LYNCHAT COST
MERRILL LYNCHAT COST$500,000$500,951

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$180$180
FILING FEE$250$250
LIFE INSURANCE$35,695
SUPPLIES$100$100

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$1,000Amt

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