FLS FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201723199349103722
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)
Return2017-11-15T15:58:20-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Line114 JOAN LANEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-11-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPERRY DINTERPreparerPersonNm
PTINP00636558PTIN
Phone8455174222PhoneNum
Preparation2017-11-14PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdD2BBFBD779B5258DF52CA3E2C3BE853BCE0393D0AtSubmissionCreationDeviceId
At Submission Filing Device IdD9394A5BDC34A7D4DCFF3C48000A20106D4C7C96AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$866,652FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$754,400ContriRcvdRevAndExpnssAmt
Other Income Rev And Expnss$10,417OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$10,417OtherIncomeNetInvstIncmAmt
Other Income Adj Net Incm$10,417OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$764,817TotalRevAndExpnssAmt
Total Net Invst Incm$10,417TotalNetInvstIncmAmt
Total Adj Net Incm$10,417TotalAdjNetIncmAmt
Taxes Rev And Expnss$229TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$229TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$644OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$644OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$873TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$873TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$388,464ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$388,464ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$389,337TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$389,337TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$375,480ExcessRevenueOverExpensesAmt
Net Investment Income$10,417NetInvestmentIncomeAmt
Adjusted Net Income$10,417AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$377CashBOYAmt
Cash EOY$212,486CashEOYAmt
Cash EOYFMV$212,486CashEOYFMVAmt
Other Nts And Loans Rcvbl$654,166OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$433,750OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$654,166OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$654,166OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$434,127TotalAssetsBOYAmt
Total Assets EOY$866,652TotalAssetsEOYAmt
Total Assets EOYFMV$866,652TotalAssetsEOYFMVAmt
Accounts Payable EOY$57,045AccountsPayableEOYAmt
Total Liabilities EOY$57,045TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$434,127UnrestrictedBOYAmt
Unrestricted EOY$809,607UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$434,127TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$809,607TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$434,127TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$866,652TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$434,127TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$375,480ExcessRevenueOverExpensesAmt
Subtotal$809,607SubtotalAmt
Tot Net Ast Or Fund Balances EOY$809,607TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$476,985AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$155,362NetVlNoncharitableAssetsYr1Amt
Distribution Yr13.070152DistributionYr1Rt
Adjusted Qlfy Distri Yr2$45,000AdjustedQlfyDistriYr2Amt
Total Distribution3.070152TotalDistributionRt
Average Distribution3.070152AverageDistributionRt
Net Vl Noncharitable Assets$644,354NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,978,265AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$104NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$1,978,369AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$389,337QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$208InvestmentIncomeExciseTaxAmt
Subtotal$208SubtotalAmt
Tax Based On Investment Income$208TaxBasedOnInvestmentIncomeAmt
Tax Due$208TaxDueAmt

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
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
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$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$654,166FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$654,166TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$654,166AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,812CashDeemedCharitableAmt
Net Vl Noncharitable Assets$644,354NetVlNoncharitableAssetsAmt
Minimum Investment Return$32,218MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$32,218MinimumInvestmentReturnAmt
Tax Based On Investment Income$208TaxBasedOnInvestmentIncomeAmt
Total Tax$208TotalTaxAmt
Distributable Before Adj$32,010DistributableBeforeAdjAmt
Distributable Before Ded$32,010DistributableBeforeDedAmt
Distributable As Adjusted$32,010DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$389,337ExpensesAndContributionsAmt
Qualifying Distributions$389,337QualifyingDistributionsAmt
Adjusted Qualifying Distri$389,337AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$32,010DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$45,000ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$469,425ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$514,425TotalExcessDistributionCyovAmt
Qualifying Distributions$389,337QualifyingDistributionsAmt
Applied To Current Year$32,010AppliedToCurrentYearAmt
Remaining Distri From Corpus$357,327RemainingDistriFromCorpusAmt
Total Corpus$871,752TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$871,752ExcessDistriCyovToNextYrAmt
Excess From Year2$45,000ExcessFromYear2Amt
Excess From Year1$469,425ExcessFromYear1Amt
Excess From Current Year$357,327ExcessFromCurrentYearAmt

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$388,464Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$388,464TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,417RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10,417RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10,417TotalIncomeProducingActyAmt

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$754,400TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$644$644
OFFICE EXPENSE

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescINTEREST ON NOTE RECEIVABLEDesc
Revenue And Expenses Per Books$10,417RevenueAndExpensesPerBooksAmt
Net Investment Income$10,417NetInvestmentIncomeAmt
Adjusted Net Income$10,417AdjustedNetIncomeAmt

Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch

Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (3 entries)

Loan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtInterestInterestRtLoan MaturityLoanMaturityDt
KEY TOV MANAGEMENT
$200,000$229,1662014-020.0500
ISRAEL SCHIFF
$215,000$400,0002015-120.0500
DYNAMIC DISTRIBUTORS
$200,000$25,0002016-010.05002017-01

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$229Amt
Disbursements Charitable Prps$229DisbursementsCharitablePrpsAmt

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