BETA

FLS FOUNDATION INC: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-18
IRS object ID
201933229349100703
Schema version
2018v3.1
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)
Return2019-11-18T08:54:20-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-11-18SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2019-11-18PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.89.144.125IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-18IPDt
IP Tm08:54:20IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionCreationDeviceId
At Submission Filing Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-04-17 16:48:07ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$885,828FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$590,837ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$14,400InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$14,400InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$14,400InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$605,237TotalRevAndExpnssAmt
Total Net Invst Incm$14,400TotalNetInvstIncmAmt
Total Adj Net Incm$14,400TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$840OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$840OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$840TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$840TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$639,173ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$639,173ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$640,013TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$640,013TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$34,776ExcessRevenueOverExpensesAmt
Net Investment Income$14,400NetInvestmentIncomeAmt
Adjusted Net Income$14,400AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$17,114CashBOYAmt
Cash EOY$2,262CashEOYAmt
Cash EOYFMV$2,262CashEOYFMVAmt
Other Nts And Loans Rcvbl$669,166OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$729,166OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$669,166OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$869,166OtherNtsAndLoansRcvblEOYFMVAmt
Other Assets EOY$14,400OtherAssetsEOYAmt
Other Assets EOYFMV$14,400OtherAssetsEOYFMVAmt
Total Assets BOY$746,280TotalAssetsBOYAmt
Total Assets EOY$685,828TotalAssetsEOYAmt
Total Assets EOYFMV$885,828TotalAssetsEOYFMVAmt
Accounts Payable BOY$49,880AccountsPayableBOYAmt
Accounts Payable EOY$24,204AccountsPayableEOYAmt
Total Liabilities BOY$49,880TotalLiabilitiesBOYAmt
Total Liabilities EOY$24,204TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$696,400UnrestrictedBOYAmt
Unrestricted EOY$661,624UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$696,400TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$661,624TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$746,280TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$685,828TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$696,400TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$34,776ExcessRevenueOverExpensesAmt
Subtotal$661,624SubtotalAmt
Tot Net Ast Or Fund Balances EOY$661,624TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$856,309AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$799,735NetVlNoncharitableAssetsYr1Amt
Distribution Yr11.070741DistributionYr1Rt
Adjusted Qlfy Distri Yr2$389,337AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$644,354NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.604228DistributionYr2Rt
Adjusted Qlfy Distri Yr3$476,985AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$155,362NetVlNoncharitableAssetsYr3Amt
Distribution Yr33.070152DistributionYr3Rt
Adjusted Qlfy Distri Yr4$45,000AdjustedQlfyDistriYr4Amt
Total Distribution4.745121TotalDistributionRt
Average Distribution1.581707AverageDistributionRt
Net Vl Noncharitable Assets$668,671NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,057,642AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$144NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,057,786AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$640,013QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$288InvestmentIncomeExciseTaxAmt
Subtotal$288SubtotalAmt
Tax Based On Investment Income$288TaxBasedOnInvestmentIncomeAmt
Tax Due$288TaxDueAmt

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$9,688AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$669,166FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$678,854TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$678,854AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,183CashDeemedCharitableAmt
Net Vl Noncharitable Assets$668,671NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,434MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,434MinimumInvestmentReturnAmt
Tax Based On Investment Income$288TaxBasedOnInvestmentIncomeAmt
Total Tax$288TotalTaxAmt
Distributable Before Adj$33,146DistributableBeforeAdjAmt
Distributable Before Ded$33,146DistributableBeforeDedAmt
Distributable As Adjusted$33,146DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$640,013ExpensesAndContributionsAmt
Qualifying Distributions$640,013QualifyingDistributionsAmt
Adjusted Qualifying Distri$640,013AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,146DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$45,000ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$469,425ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$357,327ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$816,322ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$1,688,074TotalExcessDistributionCyovAmt
Qualifying Distributions$640,013QualifyingDistributionsAmt
Applied To Current Year$33,146AppliedToCurrentYearAmt
Remaining Distri From Corpus$606,867RemainingDistriFromCorpusAmt
Total Corpus$2,294,941TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$2,294,941ExcessDistriCyovToNextYrAmt
Excess From Year4$45,000ExcessFromYear4Amt
Excess From Year3$469,425ExcessFromYear3Amt
Excess From Year2$357,327ExcessFromYear2Amt
Excess From Year1$816,322ExcessFromYear1Amt
Excess From Current Year$606,867ExcessFromCurrentYearAmt

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$639,173Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$639,173TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,400RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,400RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,400TotalIncomeProducingActyAmt

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$590,837TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescINTEREST RECEIVABLEDesc
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
BANK CHARGES$840$840

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (5 entries)

Loan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtInterestInterestRtLoan MaturityLoanMaturityDt
KEY TOV MANAGEMENT
$200,000$229,1662014-020.0500
DYNAMIC DISTRIBUTORS
$200,000$25,0002016-010.05002017-01
CONTRACT PACKAGING
$200,0002017-120.0000
GLOBAL IMPORTS
$60,000$200,0002017-030.0000
SCENIC DEVELOPMENT
$215,000$215,0002017-030.0000

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonFINE LINE SETTINGS INCPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1135 CROTTY RDAddressLine1Txt
CityMIDDLETOWNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10941ZIPCd

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.