FLS FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FLS FOUNDATION INC (EIN 46-4351406)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-15
IRS object ID
201623209349104142
Schema version
2015v2.1
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)
Return2016-11-15T18:24:14-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-11-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSOLOMON HIRSCHPreparerPersonNm
PTINP00637083PTIN
Phone8455174222PhoneNum
Preparation2016-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$434,127FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$378,020ContriRcvdRevAndExpnssAmt
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$388,437TotalRevAndExpnssAmt
Total Net Invst Incm$10,417TotalNetInvstIncmAmt
Total Adj Net Incm$10,417TotalAdjNetIncmAmt
Taxes Rev And Expnss$320TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$399OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$85OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$719TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$85TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$477,004ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$477,004ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$477,723TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$477,089TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$89,286ExcessRevenueOverExpensesAmt
Net Investment Income$10,417NetInvestmentIncomeAmt
Adjusted Net Income$10,417AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$315,080CashBOYAmt
Cash EOY$377CashEOYAmt
Cash EOYFMV$377CashEOYFMVAmt
Other Nts And Loans Rcvbl$433,750OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$208,333OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$433,750OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$433,750OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$523,413TotalAssetsBOYAmt
Total Assets EOY$434,127TotalAssetsEOYAmt
Total Assets EOYFMV$434,127TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$523,413UnrestrictedBOYAmt
Unrestricted EOY$434,127UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$523,413TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$434,127TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$523,413TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$434,127TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$523,413TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$89,286ExcessRevenueOverExpensesAmt
Subtotal$434,127SubtotalAmt
Tot Net Ast Or Fund Balances EOY$434,127TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$45,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets$155,362NetVlNoncharitableAssetsAmt
Net Investment Income Pct$104NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$104AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$477,089QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$104InvestmentIncomeExciseTaxAmt
Subtotal$104SubtotalAmt
Tax Based On Investment Income$104TaxBasedOnInvestmentIncomeAmt
Tax Due$104TaxDueAmt

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$157,728AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$157,728TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$157,728AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,366CashDeemedCharitableAmt
Net Vl Noncharitable Assets$155,362NetVlNoncharitableAssetsAmt
Minimum Investment Return$7,768MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$7,768MinimumInvestmentReturnAmt
Tax Based On Investment Income$104TaxBasedOnInvestmentIncomeAmt
Total Tax$104TotalTaxAmt
Distributable Before Adj$7,664DistributableBeforeAdjAmt
Distributable Before Ded$7,664DistributableBeforeDedAmt
Distributable As Adjusted$7,664DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$477,089ExpensesAndContributionsAmt
Qualifying Distributions$477,089QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$104PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$476,985AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$7,664DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$45,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$45,000TotalExcessDistributionCyovAmt
Qualifying Distributions$477,089QualifyingDistributionsAmt
Applied To Current Year$7,664AppliedToCurrentYearAmt
Remaining Distri From Corpus$469,425RemainingDistriFromCorpusAmt
Total Corpus$514,425TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$514,425ExcessDistriCyovToNextYrAmt
Excess From Year1$45,000ExcessFromYear1Amt
Excess From Current Year$469,425ExcessFromCurrentYearAmt

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$477,004Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$477,004TotalGrantOrContriPdDurYrAmt

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$378,020TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
BANK CHARGES$314
OFFICE EXPENSE$85$85

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 (2 entries)

Loan OriginalLoanOriginalAmtBalance DueBalanceDueAmtNoteNoteDtInterestInterestRt
KEY TOV MANAGEMENT
$200,000$218,7502014-020.0500
ISRAEL SCHIFF
$215,000$215,0002015-120.0500

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonFINE LINE SETTINGSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1135 CROTTY ROADAddressLine1Txt
CityMIDDLETOWNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10941ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT TAXES/LICENSESCategoryTxt
Amt$320Amt

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