KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-11-15
IRS object ID
201643209349102064
Schema version
2015v2.0
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)
Return2016-11-15T10:09:16-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonESTHER KOENIGPreparerPersonNm
PTINP01769891PTIN
Phone7182320770PhoneNum
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$449,391FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$127,291ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21,009InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21,009InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$21,009InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$29CapGainNetIncmNetInvstIncmAmt
Other Income Net Invst Incm-$217,458OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$148,300TotalRevAndExpnssAmt
Total Net Invst Incm-$196,420TotalNetInvstIncmAmt
Total Adj Net Incm$21,009TotalAdjNetIncmAmt
Taxes Rev And Expnss$2,120TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,170TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$116,880ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$116,880ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$119,050TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$116,880TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$29,250ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$21,009AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$11,340CashBOYAmt
Cash EOY$2,119CashEOYAmt
Cash EOYFMV$2,119CashEOYFMVAmt
Other Investments BOY$626,229OtherInvestmentsBOYAmt
Other Investments EOY$447,272OtherInvestmentsEOYAmt
Other Investments EOYFMV$447,272OtherInvestmentsEOYFMVAmt
Total Assets BOY$637,569TotalAssetsBOYAmt
Total Assets EOY$449,391TotalAssetsEOYAmt
Total Assets EOYFMV$449,391TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$637,569UnrestrictedBOYAmt
Unrestricted EOY$449,391UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$637,569TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$449,391TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$637,569TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$449,391TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$637,569TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$29,250ExcessRevenueOverExpensesAmt
Subtotal$666,819SubtotalAmt
Other Decreases$217,428OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$449,391TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$29CapitalGainNetIncomeAmt

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$10,123AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,123TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$10,123AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$152CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,971NetVlNoncharitableAssetsAmt
Minimum Investment Return$499MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$499MinimumInvestmentReturnAmt
Distributable Before Adj$499DistributableBeforeAdjAmt
Distributable Before Ded$499DistributableBeforeDedAmt
Distributable As Adjusted$499DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$116,880ExpensesAndContributionsAmt
Qualifying Distributions$116,880QualifyingDistributionsAmt
Adjusted Qualifying Distri$116,880AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$499DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$96,229ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$74,876ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$79,992ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$58,556ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$309,653TotalExcessDistributionCyovAmt
Qualifying Distributions$116,880QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$499AppliedToCurrentYearAmt
Remaining Distri From Corpus$116,381RemainingDistriFromCorpusAmt
Total Corpus$426,034TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$426,034ExcessDistriCyovToNextYrAmt
Excess From Year4$96,229ExcessFromYear4Amt
Excess From Year3$74,876ExcessFromYear3Amt
Excess From Year2$79,992ExcessFromYear2Amt
Excess From Year1$58,556ExcessFromYear1Amt
Excess From Current Year$116,381ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 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$2,500
ICHUD MOSDOS GUR
1310 48TH STREETBROOKLYNNY11219N/A501 C(3)EDUCATIONAL ASSISTANCE$87,780
BONEI OLAM
4205 17TH AVENUEBROOKLYNNY11204N/A501 C(3)ASSISTANCE TO INDIGENT$1,800
KEREN HATZOLAS DOROS
3924 NEW UTRECHT AVEBROOKLYNNY11219N/A501 C(3)ASSISTANCE TO INDIGENT$680
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$1,000
MESIVTA BAIS YISROEL
5407 16TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$2,500
YESHIVA YAGDIL TORAH
5110 18TH AVEBROOKLYNNY11204N/A501 C(3)EDUCATIONAL ASSISTANCE$2,800
AMERICAN FRIENDS OF YESHIVA IMREI EMES
3822 15TH AVEBROOKLYNNY11218N/A501 C(3)EDUCATIONAL ASSISTANCE$200
IMANU
324 AVE 1BROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$250
CONGREGATION KEHILAS YAAKOV YITZCHOK
92 WEBSTER AVEBROOKLYNNY11230N/A501 C(3)ASSISTANCE TO INDIGENT$300
AMERICAN FRIENDS OF KOIDENOV INC
2409 AVENUE UBROOKLYNNY11229N/A501 C(3)ASSISTANCE TO INDIGENT$360
CONGREGATION TIFERES PINCHUS
91 Webster AvenueBrooklynNY11230NOT RELATED501(C)(3)RELIGIOUS SUPPORT$10,000
KEREN LMAN ARAD
1115 EAST 21ST STREETBROOKLYNNY11210NOT RELATED501(C)(3)ASSISTANCE TO INDIGENT$300
BAIS YAAKOV DCHASIDEI GUR
1975 51ST STREETBROOKLYNNY11204NOT RELATEDEDUCATIONAL SUPPORT$1,000
CONGREGATION MEOHR YISROEL
1843 48TH STREETBROOKLYNNY11204NOT RELATEDPCRELIGIOUS SUPPORT$2,400
CONGREGATION CHASIDEI GUR OF MIDWOO
1937 OCEAN AVENUEBROOKLYNNY11230N/ARELIGIOUS SUPPORT$250
KHAL CHASIDEI LELOV
1693 49TH STREETBROOKLYNNY11219PCRELIGIOUS SUPPORT$150
AMERICAN FRIENDS OF KIRYAT SANZ LAN
261 WEST 35TH STE 803NEW YORKNY10001NOT RELATEDMEDICAL RESEARCH$250
AMERICAN FRIENDS OF LEV SIMCHA ASHD
1849 52ND STREETBROOKLYNNY11204NOT RELATEDPCRELIGIOUS SUPPORT$180
MIKVAH USA
1451 52ND STREET STE 1ABROOKLYNNY11219RELIGIOUS SUPPORT$180
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$116,880TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,009RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,009RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,009TotalIncomeProducingActyAmt

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 PersonFIRST MK FAMILY TRUSTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line11876 55TH STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11204ZIPCd
FieldValueIRS element (for citing)
Total Contributions$125,217TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEESDesc
Revenue And Expenses Per Books$50RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$2,120Amt

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