BETA

FLS FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-13
IRS object ID
202023189349102752
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)
Return2020-11-13T12:54:25-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-11-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2020-11-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.89.144.125IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-13IPDt
IP Tm12:54:25IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionCreationDeviceId
At Submission Filing Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionFilingDeviceId
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$741,055FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$684,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$684,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Taxes Rev And Expnss$304TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$2,056OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$2,056OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,360TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,056TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$734,065ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$734,065ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$736,425TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$736,121TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$52,425ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,262CashBOYAmt
Cash EOY$57,489CashEOYAmt
Cash EOYFMV$57,489CashEOYFMVAmt
Other Nts And Loans Rcvbl$544,166OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$669,166OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$544,166OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$669,166OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets BOY$14,400OtherAssetsBOYAmt
Other Assets EOY$14,400OtherAssetsEOYAmt
Other Assets EOYFMV$14,400OtherAssetsEOYFMVAmt
Total Assets BOY$685,828TotalAssetsBOYAmt
Total Assets EOY$616,055TotalAssetsEOYAmt
Total Assets EOYFMV$741,055TotalAssetsEOYFMVAmt
Accounts Payable BOY$24,204AccountsPayableBOYAmt
Accounts Payable EOY$6,856AccountsPayableEOYAmt
Total Liabilities BOY$24,204TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,856TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$661,624NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$609,199NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$661,624TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$609,199TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$685,828TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$616,055TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$661,624TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$52,425ExcessRevenueOverExpensesAmt
Subtotal$609,199SubtotalAmt
Tot Net Ast Or Fund Balances EOY$609,199TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$640,013AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$668,671NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.957142DistributionYr1Rt
Adjusted Qlfy Distri Yr2$856,309AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$799,735NetVlNoncharitableAssetsYr2Amt
Distribution Yr21.070741DistributionYr2Rt
Adjusted Qlfy Distri Yr3$389,337AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$644,354NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.604228DistributionYr3Rt
Adjusted Qlfy Distri Yr4$476,985AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$155,362NetVlNoncharitableAssetsYr4Amt
Distribution Yr43.070152DistributionYr4Rt
Adjusted Qlfy Distri Yr5$45,000AdjustedQlfyDistriYr5Amt
Total Distribution5.702263TotalDistributionRt
Average Distribution1.425566AverageDistributionRt
Net Vl Noncharitable Assets$565,431NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$806,059AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$806,059AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$736,121QualifyingDistributionsAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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$29,876AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$544,166FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$574,042TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$574,042AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,611CashDeemedCharitableAmt
Net Vl Noncharitable Assets$565,431NetVlNoncharitableAssetsAmt
Minimum Investment Return$28,272MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$28,272MinimumInvestmentReturnAmt
Distributable Before Adj$28,272DistributableBeforeAdjAmt
Distributable Before Ded$28,272DistributableBeforeDedAmt
Distributable As Adjusted$28,272DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$736,121ExpensesAndContributionsAmt
Qualifying Distributions$736,121QualifyingDistributionsAmt
Adjusted Qualifying Distri$736,121AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$28,272DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$45,000ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$469,425ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$357,327ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$816,322ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$606,867ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,294,941TotalExcessDistributionCyovAmt
Qualifying Distributions$736,121QualifyingDistributionsAmt
Applied To Current Year$28,272AppliedToCurrentYearAmt
Remaining Distri From Corpus$707,849RemainingDistriFromCorpusAmt
Total Corpus$3,002,790TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$45,000ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$2,957,790ExcessDistriCyovToNextYrAmt
Excess From Year4$469,425ExcessFromYear4Amt
Excess From Year3$357,327ExcessFromYear3Amt
Excess From Year2$816,322ExcessFromYear2Amt
Excess From Year1$606,867ExcessFromYear1Amt
Excess From Current Year$707,849ExcessFromCurrentYearAmt

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$734,065Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$734,065TotalGrantOrContriPdDurYrAmt

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$684,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
ACCOUNTING FEES$1,800$1,800
BANK CHARGES$256$256

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (4 entries)

Loan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtInterestInterestRtLoan MaturityLoanMaturityDt
KEY TOV MANAGEMENT
$200,000$229,1662014-020.0500
DYNAMIC DISTRIBUTORS
$200,0002016-010.05002017-01
GLOBAL IMPORTS
$60,000$100,0002017-030.0000
SCENIC DEVELOPMENT
$215,000$215,0002017-030.0000

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$304Amt

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