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FLS FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202133199349101663
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)
Return2021-11-15T08:26:07-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133762892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SOLOMON HIRSCH CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 REMSEN AVE SUITE 302AddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464351406EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FLS FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFLSFBusinessNameControlTxt
Phone8453696100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 TIMOTHY COURTAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonABRAHAM FEIGPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8453696100PhoneNum
Signature2021-11-11SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstABRAHAMPersonFirstNm
Person LastFIEGPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2021-11-11PreparationDt
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$991,810FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$138,500ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$3,934InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3,934InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3,934InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$142,434TotalRevAndExpnssAmt
Total Net Invst Incm$3,934TotalNetInvstIncmAmt
Total Adj Net Incm$3,934TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$1,895OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,895TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$406,939ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$406,939ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$408,834TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$406,939TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$266,400ExcessRevenueOverExpensesAmt
Net Investment Income$3,934NetInvestmentIncomeAmt
Adjusted Net Income$3,934AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$57,489CashBOYAmt
Cash EOY$347,644CashEOYAmt
Cash EOYFMV$347,644CashEOYFMVAmt
Other Nts And Loans Rcvbl BOY$544,166OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOYFMV$644,166OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets BOY$14,400OtherAssetsBOYAmt
Total Assets BOY$616,055TotalAssetsBOYAmt
Total Assets EOY$347,644TotalAssetsEOYAmt
Total Assets EOYFMV$991,810TotalAssetsEOYFMVAmt
Accounts Payable BOY$6,856AccountsPayableBOYAmt
Accounts Payable EOY$4,845AccountsPayableEOYAmt
Total Liabilities BOY$6,856TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,845TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$609,199NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$342,799NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$609,199TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$342,799TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$616,055TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$347,644TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$609,199TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$266,400ExcessRevenueOverExpensesAmt
Subtotal$342,799SubtotalAmt
Tot Net Ast Or Fund Balances EOY$342,799TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$55InvestmentIncomeExciseTaxAmt
Subtotal$55SubtotalAmt
Tax Based On Investment Income$55TaxBasedOnInvestmentIncomeAmt
Tax Due$55TaxDueAmt

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
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
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHE FOUNDATIONIndividualWithBooksNm
Phone8453696100PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111 TIMOTHY COURTAddressLine1Txt
Address Line211 TIMOTHY COURTAddressLine2Txt
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
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmtAddress Line2USAddress/AddressLine2Txt
ABRAHAM FEIG
11 TIMOTHY COURTMONSEYNY10952DIRECTOR1.50$0$0$0
BENZION LEBOVITZ
1249 58TH STREETBROOKLYNNY11219DIRECTOR1.50$0$0$01249 58TH STREET
LAZER RAAB
35 DR FRANK ROADSPRING VALLEYNY10977SECRETARY0.50$0$0$035 DR FRANK ROAD
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,295AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$31,295TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$31,295AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$469CashDeemedCharitableAmt
Net Vl Noncharitable Assets$30,826NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,541MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,541MinimumInvestmentReturnAmt
Tax Based On Investment Income$55TaxBasedOnInvestmentIncomeAmt
Total Tax$55TotalTaxAmt
Distributable Before Adj$1,486DistributableBeforeAdjAmt
Distributable Before Ded$1,486DistributableBeforeDedAmt
Distributable As Adjusted$1,486DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$406,939ExpensesAndContributionsAmt
Qualifying Distributions$406,939QualifyingDistributionsAmt
Adjusted Qualifying Distri$406,939AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,486DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$469,425ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$357,327ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$816,322ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$606,867ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$707,849ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,957,790TotalExcessDistributionCyovAmt
Qualifying Distributions$406,939QualifyingDistributionsAmt
Applied To Current Year$1,486AppliedToCurrentYearAmt
Remaining Distri From Corpus$405,453RemainingDistriFromCorpusAmt
Total Corpus$3,363,243TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$469,425ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,893,818ExcessDistriCyovToNextYrAmt
Excess From Year4$357,327ExcessFromYear4Amt
Excess From Year3$816,322ExcessFromYear3Amt
Excess From Year2$606,867ExcessFromYear2Amt
Excess From Year1$707,849ExcessFromYear1Amt
Excess From Current Year$405,453ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonABRAHAM FEIGRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111 TIMOTHY COURTAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8453696100RecipientPhoneNum
Form And Info And MaterialsTELEPHONE OR MAIL SOLICITATIONSFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE LIST ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line111 TIMOTHY COURTAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$406,939Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$406,939TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,934RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,934RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,934TotalIncomeProducingActyAmt

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 Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1FINE LINE SETTINGS INCBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1135 CROTTY RDAddressLine1Txt
CityMIDDLETOWNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10941ZIPCd
FieldValueIRS element (for citing)
Total Contributions$138,500TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINTEREST RECEIVABLEDesc
BOY Book Value$14,400BOYBookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
ACCOUNTING FEES$1,800
BANK CHARGES$95

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (3 entries)

Loan OriginalLoanOriginalAmtNoteNoteDtInterestInterestRt
KEY TOV MANAGEMENT
$200,0002014-020.0500
GLOBAL IMPORTS
$60,0002017-030.0000
SCENIC DEVELOPMENT
$215,0002017-030.0000

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