FLS FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201803199349105535
Schema version
2017v2.3
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)
Return2018-11-15T21:01:46-05:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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 Line122 BUTTERMAN PLAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonABRAHAM FEIGPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8453696100PhoneNum
Signature2018-11-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2018-11-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.89.144.125IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-15IPDt
IP Tm20:01:46IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD9394A5BDC34A7D4DCFF3C48000A20106D4C7C96AtSubmissionCreationDeviceId
At Submission Filing Device Id38C920EE3BB9B9E506E165D57DA0928C060BDC21AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$746,280FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$744,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$744,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$2,573OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$1,675OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,573TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,675TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$854,634ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$854,634ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$857,207TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$856,309TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$113,207ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$212,486CashBOYAmt
Cash EOY$17,114CashEOYAmt
Cash EOYFMV$17,114CashEOYFMVAmt
Other Nts And Loans Rcvbl$729,166OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$654,166OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$729,166OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$729,166OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$866,652TotalAssetsBOYAmt
Total Assets EOY$746,280TotalAssetsEOYAmt
Total Assets EOYFMV$746,280TotalAssetsEOYFMVAmt
Accounts Payable BOY$57,045AccountsPayableBOYAmt
Accounts Payable EOY$49,880AccountsPayableEOYAmt
Total Liabilities BOY$57,045TotalLiabilitiesBOYAmt
Total Liabilities EOY$49,880TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$809,607UnrestrictedBOYAmt
Unrestricted EOY$696,400UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$809,607TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$696,400TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$866,652TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$746,280TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$809,607TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$113,207ExcessRevenueOverExpensesAmt
Subtotal$696,400SubtotalAmt
Tot Net Ast Or Fund Balances EOY$696,400TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$389,337AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$644,354NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.604228DistributionYr1Rt
Adjusted Qlfy Distri Yr2$476,985AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$155,362NetVlNoncharitableAssetsYr2Amt
Distribution Yr23.070152DistributionYr2Rt
Adjusted Qlfy Distri Yr3$45,000AdjustedQlfyDistriYr3Amt
Total Distribution3.674380TotalDistributionRt
Average Distribution1.837190AverageDistributionRt
Net Vl Noncharitable Assets$799,735NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,469,265AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$1,469,265AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$856,309QualifyingDistributionsAmt

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 Line122 BUTTERMAN PLAddressLine1Txt
Address Line222 BUTTERMAN PLAddressLine2Txt
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ABRAHAM FEIG
22 BUTTERMAN PLACE22 BUTTERMAN PLACEMONSEYNY10952DIRECTOR1.50$0$0$0
BENZION LEBOVITZ
1249 58TH STREET1249 58TH STREETBROOKLYNNY11219DIRECTOR1.50$0$0$0
LAZER RAAB
35 DR FRANK ROAD35 DR FRANK ROADSPRING VALLEYNY10977SECRETARY0.50$0$0$0
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$120,248AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$691,666FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$811,914TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$811,914AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,179CashDeemedCharitableAmt
Net Vl Noncharitable Assets$799,735NetVlNoncharitableAssetsAmt
Minimum Investment Return$39,987MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$39,987MinimumInvestmentReturnAmt
Distributable Before Adj$39,987DistributableBeforeAdjAmt
Distributable Before Ded$39,987DistributableBeforeDedAmt
Distributable As Adjusted$39,987DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$856,309ExpensesAndContributionsAmt
Qualifying Distributions$856,309QualifyingDistributionsAmt
Adjusted Qualifying Distri$856,309AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$39,987DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$45,000ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$469,425ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$357,327ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$871,752TotalExcessDistributionCyovAmt
Qualifying Distributions$856,309QualifyingDistributionsAmt
Applied To Current Year$39,987AppliedToCurrentYearAmt
Remaining Distri From Corpus$816,322RemainingDistriFromCorpusAmt
Total Corpus$1,688,074TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,688,074ExcessDistriCyovToNextYrAmt
Excess From Year3$45,000ExcessFromYear3Amt
Excess From Year2$469,425ExcessFromYear2Amt
Excess From Year1$357,327ExcessFromYear1Amt
Excess From Current Year$816,322ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonABRAHAM FEIGRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line122 BUTTERMAN PLAddressLine1Txt
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 Line122 BUTTERMAN PLACEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$854,634Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$854,634TotalGrantOrContriPdDurYrAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
FINE LINE SETTINGS INC
1135 CROTTY RDMIDDLETOWNNY10941$519,000Yes (X)
ABRAHAM FEIG
222 BUTTERMAN PLACEMONSEYNY10952$225,000Yes (X)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$1,073$175
ACCOUNTING FEES$1,500$1,500

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (6 entries)

Loan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtInterestInterestRtLoan MaturityLoanMaturityDt
KEY TOV MANAGEMENT
$200,000$229,1662014-020.0500
ISRAEL SCHIFF
$215,0002015-120.0500
DYNAMIC DISTRIBUTORS
$200,000$25,0002016-010.05002017-01
CONTRACT PACKAGING
$200,000$200,0002017-120.0000
GLOBAL IMPORTS
$60,000$60,0002017-030.0000
SCENIC DEVELOPMENT
$215,000$215,0002017-030.0000

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
FINE LINE SETTINGS INC
135 CROTTY RDMIDDLETOWNNY10941
ABRAHAM FEIG
22 BUTTERMAN PLACEMONSEYNY10952

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