KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-16
IRS object ID
202003219349104185
Schema version
2019v5.0
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)
Return2020-11-16T11:53:38-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonESTHER HELLER CPAPreparerPersonNm
PTINP01769891PTIN
Phone7182320770PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,090,362FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$85,000ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$111,883OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$196,883TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$125OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$125TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$76,616ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$76,616ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,741TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$76,616TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$120,142ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$716CashBOYAmt
Cash EOY$43,704CashEOYAmt
Cash EOYFMV$43,704CashEOYFMVAmt
Acct Rcvbl$14,000AcctRcvblAmt
Acct Rcvbl EOY$14,000AcctRcvblEOYAmt
Acct Rcvbl EOYFMV$14,000AcctRcvblEOYFMVAmt
Other Investments BOY$969,509OtherInvestmentsBOYAmt
Other Investments EOY$1,032,664OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,032,658OtherInvestmentsEOYFMVAmt
Other Assets BOY$1OtherAssetsBOYAmt
Total Assets BOY$970,226TotalAssetsBOYAmt
Total Assets EOY$1,090,368TotalAssetsEOYAmt
Total Assets EOYFMV$1,090,362TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$970,226NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$970,226TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,090,368TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$970,226TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,090,368TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$970,226TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$120,142ExcessRevenueOverExpensesAmt
Subtotal$1,090,368SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,090,368TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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$124,205AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$124,205TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$124,205AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,863CashDeemedCharitableAmt
Net Vl Noncharitable Assets$122,342NetVlNoncharitableAssetsAmt
Minimum Investment Return$6,117MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$6,117MinimumInvestmentReturnAmt
Distributable Before Adj$6,117DistributableBeforeAdjAmt
Distributable Before Ded$6,117DistributableBeforeDedAmt
Distributable As Adjusted$6,117DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$76,616ExpensesAndContributionsAmt
Qualifying Distributions$76,616QualifyingDistributionsAmt
Adjusted Qualifying Distri$76,616AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$6,117DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$58,556ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$116,381ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$73,028ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$81,540ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$77,493ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$406,998TotalExcessDistributionCyovAmt
Qualifying Distributions$76,616QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,117AppliedToCurrentYearAmt
Remaining Distri From Corpus$70,499RemainingDistriFromCorpusAmt
Total Corpus$477,497TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$58,556ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$418,941ExcessDistriCyovToNextYrAmt
Excess From Year4$116,381ExcessFromYear4Amt
Excess From Year3$73,028ExcessFromYear3Amt
Excess From Year2$81,540ExcessFromYear2Amt
Excess From Year1$77,493ExcessFromYear1Amt
Excess From Current Year$70,499ExcessFromCurrentYearAmt

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 (31 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$6,500
ICHUD MOSDOS GUR
1310 48TH STREETBROOKLYNNY11219N/A501 C(3)EDUCATIONAL ASSISTANCE$23,380
BONEI OLAM
4205 17TH AVENUEBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$2,500
KEREN HATZOLAS DOROS
3924 NEW UTRECHT AVEBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$360
KOLLEL CHASIDEI GUR
1537 51ST STREETBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$1,000
MESIVTA BAIS YISROEL
5407 16TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$9,000
ZICHRON MENACHEM MENDEL
1205 37TH STREETBROOKLYNNY11218N/A501 C(3)ASSISTANCE TO INDIGENT$150
KUPAT EIZER NAISUIN BAIS YISROEL
1274 49TH STREET STE 169BROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$500
CONGREGATION KEHILAS YAAKOV YITZCHOK
92 WEBSTER AVEBROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$200
MEOR YISROEL
1843 48TH STREETBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$2,400
FRIENDS OF RE'AIM MISAMCHEI HASHABB
1149 42ND STREETBROOKLYNNY11219NOT RELATEDCHARITABLE$1,000
RCCS
762 Bedford AvenueBrooklynNY11205NOT RELATEDCHARITABLE$250
World Hope
1054 43rd StreetBrooklynNY11219NOT RELATEDCHARITABLE$360
Yeshiva Ketana Dchasidei Gur
1371 42nd StreetBrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$10,000
CONG ZICHRON YEHUDA
3054 BEDFORD AVEBROOKLYNNY11210NOT RELATED501(C)(3)CHARITABLE$1,000
KHAL YETEV LEV DSATMAR INC
128 RUTLEDGE STBROOKLYNNY11211NOT RELATED501(C)(3)CHARITABLE$750
RENEWAL OF LIFE INC
5904 13TH AVEBROOKLYNNY11219NOT RELATED501(C)(3)CHARITABLE$425
YESHIVA YAGDIL TORAH
5110 18TH AVEBROOKLYNNY11204NOT RELATED501(C)(3)CHARITABLE$600
IMANU
324 AVE 1BROOKLYNNY11230NOT RELATED501(C)(3)ASSISTANCE TO INDIGENT$250
BETH ROPSHITZ
POBOX 40487BROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$360
CONGREGATION BETH SHMUEL
3054 BEDFORD AVEBROOKLYNNY11210NOT RELATED501(C)(3)RELIGIOUS SUPPORT$150
CONGREGATION MACHNA SHALVA
4403 15TH AVE SUITE 514BROOKLYNNY11219NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,500
CONGREGATION OSEH CHOYIL INC
9 MAPLE LEAF RDMONSEYNY10952NOT RELATED501(C)(3)RELIGIOUS SUPPORT$2,000
CONGREGATION ZICHRON AVROHOM
10 LENORE AVEMONSEYNY10952NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,500
HISACHDUS AVREICHIM
5124 16TH AVEBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,800
KHAL CHASEDEI LELOV
1693 49TH STBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$150
TALMUD TORAH OHEL YOCHANAN
1325 38TH STBROOKLYNNY11218NOT RELATED501(C)(3)EDUCATIONAL ASSISTANCE$5,000
YESHIVA GEVOAH
1767 52ND STBROOKLYNNY11204NOT RELATED501(C)(3)EDUCATIONAL ASSISTANCE$200
YESHIVA KARLIN STOLIN
1818 54TH STBROOKLYNNY11204NOT RELATED501(C)(3)EDUCATIONAL ASSISTANCE$1,281
YESHIVA YESODEI HACHAIM
1326 OCEAN PKWYBROOKLYNNY11230NOT RELATED501(C)(3)EDUCATIONAL ASSISTANCE$250
BETH HAMEDRASH CHASIDIM
1623 48TH STBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,800
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$76,616TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescINVESTMENTDesc
Exclusion1ExclusionCd
Exclusion$111,883ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$111,883ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$111,883TotalIncomeProducingActyAmt

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 PersonFIRST MK FAMILY TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11876 55TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Total Contributions$85,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

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$172,492
Long Term Investment-101 WestAT COST$99,050$99,050
Investment Receivable-WBM SenAT COST$211,109$211,109
Investment Receivable-MeridianAT COST$181,092$181,092
Investment Receivble-116th StrAT COST$10,215$10,215
Investment Receivable-ManhattanvilleFMV$356,381$356,381
Investment Receivable - ContinentalAT COST$200,419$200,419

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Revenue And Expenses Per Books$125RevenueAndExpensesPerBooksAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINVESTMENTDesc
Revenue And Expenses Per Books$111,883RevenueAndExpensesPerBooksAmt

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