KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201733199349100148
Schema version
2016v3.0
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)
Return2017-11-15T08:37:39-08:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonESTHER KOENIG HELLER CPAPreparerPersonNm
PTINP01769891PTIN
Phone7182320770PhoneNum
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$726,255FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$18,028InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$18,028InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$18,028InterestOnSavingsAdjNetIncmAmt
Other Income Net Invst Incm-$127,090OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$68,028TotalRevAndExpnssAmt
Total Net Invst Incm-$109,062TotalNetInvstIncmAmt
Total Adj Net Incm$18,028TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$73,660ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$73,660ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$73,660TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$73,660TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,632ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$18,028AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,119CashBOYAmt
Cash EOY$14,381CashEOYAmt
Acct Rcvbl$4,164AcctRcvblAmt
Acct Rcvbl EOY$4,164AcctRcvblEOYAmt
Other Investments BOY$447,272OtherInvestmentsBOYAmt
Other Investments EOY$898,124OtherInvestmentsEOYAmt
Other Investments EOYFMV$726,255OtherInvestmentsEOYFMVAmt
Total Assets BOY$449,391TotalAssetsBOYAmt
Total Assets EOY$916,669TotalAssetsEOYAmt
Total Assets EOYFMV$726,255TotalAssetsEOYFMVAmt
Accounts Payable EOY$300,000AccountsPayableEOYAmt
Loans From Officers EOY$300,000LoansFromOfficersEOYAmt
Total Liabilities EOY$600,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$449,391UnrestrictedBOYAmt
Unrestricted EOY$316,669UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$449,391TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$316,669TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$449,391TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$916,669TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$449,391TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,632ExcessRevenueOverExpensesAmt
Subtotal$443,759SubtotalAmt
Other Decreases$127,090OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$316,669TotNetAstOrFundBalancesEOYAmt

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$12,839AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,839TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$12,839AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$193CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,646NetVlNoncharitableAssetsAmt
Minimum Investment Return$632MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$632MinimumInvestmentReturnAmt
Distributable Before Adj$632DistributableBeforeAdjAmt
Distributable Before Ded$632DistributableBeforeDedAmt
Distributable As Adjusted$632DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$73,660ExpensesAndContributionsAmt
Qualifying Distributions$73,660QualifyingDistributionsAmt
Adjusted Qualifying Distri$73,660AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$632DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$96,229ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$74,876ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$79,992ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$58,556ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$116,381ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$426,034TotalExcessDistributionCyovAmt
Qualifying Distributions$73,660QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$632AppliedToCurrentYearAmt
Remaining Distri From Corpus$73,028RemainingDistriFromCorpusAmt
Total Corpus$499,062TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$96,229ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$402,833ExcessDistriCyovToNextYrAmt
Excess From Year4$74,876ExcessFromYear4Amt
Excess From Year3$79,992ExcessFromYear3Amt
Excess From Year2$58,556ExcessFromYear2Amt
Excess From Year1$116,381ExcessFromYear1Amt
Excess From Current Year$73,028ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (25 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$38,580
BONEI OLAM
4205 17TH AVENUEBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$2,800
FRIENDS OF REAIM MISAMCHEI HASHABBOS
1149 42ND STREETBROOKLYNNY11219N/A501 C(3)EDUCATIONAL ASSISTANCE$1,000
KEREN HATZOLAS DOROS
3924 NEW UTRECHT AVEBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$500
KOLLEL CHASIDEI GUR
1537 51ST STREETBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$2,000
MERKAZ HATORAH VHACHINUCH
128 PARKVILLE AVEBROOKLYNNY11230N/A501 C(3)EDUCATIONAL ASSISTANCE$3,600
MESIVTA BAIS YISROEL
5407 16TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$5,580
YESHIVA BAIS YISROEL
2002 AVENUE JBROOKLYNNY11230N/A501 C(3)EDUCATIONAL ASSISTANCE$200
YESHIVA YAGDIL TORAH
5110 18TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$2,300
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$1,000
CHESED YISROEL
1769 51ST STREETBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$650
CONGREGATION KEHILAS YAAKOV YITZCHOK
92 WEBSTER AVEBROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$300
AGUDATH ISRAEL OF AMERICA
42 BROADWAYNEW YORKNY10004N/A501 C(3)ASSISTANCE TO INDIGENT$180
MEOR YISROEL
1843 48TH STREETBROOKLYNNY11204NOT RELATED501(C)(3)RELIGIOUS SUPPORT$350
KUPATH RAMBAN KOLEL POLEN
1349 49TH STREETBROOKLYNNY11219NOT RELATED501(C)(3)RELIGIOUS SUPPORT$500
BAIS YAAKOV DCHASIDEI GUR
1975 51ST STREETBROOKLYNNY11204NOT RELATEDEDUCATIONAL SUPPORT$1,000
AMERICAN FRIENDS OF KIRYAT SANZ LAN
261 WEST 35TH STE 803NEW YORKNY10001NOT RELATEDMEDICAL RESEARCH$360
Cong Avreichim Gur
1571 51st StreetBrooklynNY11219NOT RELATEDRELIGIOUS SUPPORT$180
Cong Beis Pinchos
5 Monroe LaneNew SquareNY10977NOT RELATEDRELIGIOUS SUPPORT$1,500
Cong Imrei Saul
1542 Coney Island AvenueBrooklynNY11230NOT RELATEDRELIGIOUS SUPPORT$150
Cong Keren Ezra
223 Penn StreetBrooklynNY11211RELIGIOUS SUPPORT$180
Friends of Mosdos Gur
1310 48th StreetBrooklynNY11219NOT RELATEDEDUCATIONAL ASSISTANCE$500
Global Center of Gur
1310 48th Street Suite 309BrooklynNY11219CHARITABLE$3,600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$73,660TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$18,028RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$18,028RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,028TotalIncomeProducingActyAmt

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

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonMEIR KAGANLenderPersonNm
TitlePRESIDENTTitleTxt
Loan Original$300,000LoanOriginalAmt
Balance Due$300,000BalanceDueAmt
Note2016-06NoteDt
Loan Maturity2017-01LoanMaturityDt

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