KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201843199349101169
Schema version
2017v2.2
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)
Return2018-11-15T09:11:48-08:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonESTHER HELLER CPAPreparerPersonNm
PTINP01769891PTIN
Phone7182320770PhoneNum
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$0FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$639,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$20,718InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$20,718InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$20,718InterestOnSavingsAdjNetIncmAmt
Other Income Net Invst Incm-$136,715OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm-$136,715OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$659,718TotalRevAndExpnssAmt
Total Net Invst Incm-$115,997TotalNetInvstIncmAmt
Total Adj Net Incm-$115,997TotalAdjNetIncmAmt
Other Expenses Adj Net Incm$204OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$204TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$81,540ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$81,540ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$81,540TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$204TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$81,540TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$578,178ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$14,381CashBOYAmt
Cash EOY$15,187CashEOYAmt
Acct Rcvbl BOY$4,164AcctRcvblBOYAmt
Other Investments BOY$898,124OtherInvestmentsBOYAmt
Other Investments EOY$742,741OtherInvestmentsEOYAmt
Total Assets BOY$916,669TotalAssetsBOYAmt
Total Assets EOY$757,928TotalAssetsEOYAmt
Total Assets EOYFMV$0TotalAssetsEOYFMVAmt
Accounts Payable BOY$300,000AccountsPayableBOYAmt
Loans From Officers BOY$300,000LoansFromOfficersBOYAmt
Total Liabilities BOY$600,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$316,669UnrestrictedBOYAmt
Unrestricted EOY$757,928UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$316,669TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$757,928TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$916,669TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$757,928TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$316,669TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$578,178ExcessRevenueOverExpensesAmt
Subtotal$894,847SubtotalAmt
Other Decreases$136,919OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$757,928TotNetAstOrFundBalancesEOYAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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 StreetBrooklynNY11204President0.00$0
Gitty Kagan
1876 55th StreetBrooklynNY11204Secretary0.00$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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$81,540ExpensesAndContributionsAmt
Qualifying Distributions$81,540QualifyingDistributionsAmt
Adjusted Qualifying Distri$81,540AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$74,876ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$79,992ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$58,556ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$116,381ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$73,028ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$402,833TotalExcessDistributionCyovAmt
Qualifying Distributions$81,540QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus$81,540RemainingDistriFromCorpusAmt
Total Corpus$484,373TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$74,876ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$409,497ExcessDistriCyovToNextYrAmt
Excess From Year4$79,992ExcessFromYear4Amt
Excess From Year3$58,556ExcessFromYear3Amt
Excess From Year2$116,381ExcessFromYear2Amt
Excess From Year1$73,028ExcessFromYear1Amt
Excess From Current Year$81,540ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerMeir KaganContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (33 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
CONGREGATION PNEI MENACHEM
4533 18th AVENUEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$2,800
ICHUD MOSDOS GUR
1310 48TH STREETBROOKLYNNY11219N/A501 C(3)EDUCATIONAL ASSISTANCE$18,670
BONEI OLAM
4205 17TH AVENUEBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$5,000
KEREN HATZOLAS DOROS
3924 NEW UTRECHT AVEBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$500
MESIVTA BAIS YISROEL
5407 16TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$10,000
YESHIVA BAIS YISROEL
2002 AVENUE JBROOKLYNNY11230N/A501 C(3)EDUCATIONAL ASSISTANCE$360
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
CHESED YISROEL
1769 51ST STREETBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$5,000
CONGREGATION KEHILAS YAAKOV YITZCHOK
92 WEBSTER AVEBROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$150
AGUDATH ISRAEL OF AMERICA
42 BROADWAYNEW YORKNY10004N/A501 C(3)ASSISTANCE TO INDIGENT$300
MEOR YISROEL
1843 48TH STREETBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$1,380
AMERICAN FRIENDS OF KIRYAT SANZ LAN
261 WEST 35TH STE 803NEW YORKNY10001NOT RELATEDMEDICAL RESEARCH$360
Global Center of Gur
1310 48th Street Suite 309BrooklynNY11219CHARITABLE$14,700
Bais Moshe
14127 73rd AveFlushingNY11367NOT RELATEDCHARITABLE$250
Bnos Menachem
739 E New York AvenueBrooklynNY11203NOT RELATEDCHARITABLE$1,500
Cong Bais Berliner
5024 19th AvenueBrooklynNY11204NOT RELATEDCHARITABLE$1,000
Cong Ohev Shalom
2 Chester RoadWallingfordPA19086NOT RELATEDCHARITABLE$100
Keren Lmaan Arad
1115 E 21st StreetBrooklynNY11210NOT RELATEDCHARITABLE$1,000
Khal Ropshitz
PO Box 40487BrooklynNY11204NOT RELATEDCHARITABLE$150
Lev Simcha
28 Maple TerraceMonseyNY10952NOT RELATEDCHARITABLE$500
FRIENDS OF RE'AIM MISAMCHEI HASHABB
1149 42ND STREETBROOKLYNNY11219NOT RELATEDCHARITABLE$1,000
Mifal Chesed
1933 50th StreetBrooklynNY11204NOT RELATEDCHARITABLE$180
Mikvah Pessil Rivka
1274 49th StreetBrooklynNY11219NOT RELATEDCHARITABLE$1,800
RCCS
762 Bedford AvenueBrooklynNY11205NOT RELATEDCHARITABLE$350
World Hope
1054 43rd StreetBrooklynNY11219NOT RELATEDCHARITABLE$360
Yeshiva Chidushei Harim
1409 Ocean ParkwayBrooklynNY11230NOT RELATEDCHARITABLE$1,200
Yeshiva Ketana Dchasidei Gur
1371 42nd StreetBrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$5,500
Yeshiva Sfas Emes
NOT RELATEDEDUCATIONAL ASSISTANCE$5005 Sfas Emes StreetJerusalemMiddle EastIS91000
Yeshiva Tiferes Bachruim
199 Lee Avenue PMB 221BrooklynNY11211NOT RELATEDCHARITABLE$180
Zichron Kedoshim
14141 72nd AvenueFlushingNY11367NOT RELATEDCHARITABLE$3,600
Chuppa
1560 58th StreetBrooklynNY11219NOT RELATEDCHARITABLE$1,500
Yad L'Achim
4018 18th AvenueBrooklynNY11218NOT RELATEDCHARITABLE$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$81,540TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$20,718RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$20,718RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$20,718TotalIncomeProducingActyAmt

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
FIRST MK FAMILY TRUST
11876 55TH STREETBROOKLYNNY11204$628,000Yes (X)
MEIR KAGAN
21876 55TH STREETBROOKLYNNY11204$11,000Yes (X)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDescAmtAmt
Filing Fees$125
Supplies$79

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescAdjusted Net IncomeAdjustedNetIncomeAmt
FILING FEES$125
SUPPLIES$79

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