FLS FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: FLS FOUNDATION INC (EIN 46-4351406)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-17
IRS object ID: 202523219349106722
Schema version: 2024v5.0
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Other Expenses Schedule
Other Liabilities Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-17T17:57:45-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	133762892	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	SOLOMON HIRSCH CPA PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	21 REMSEN AVE SUITE 302	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	464351406	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE FLS FOUNDATION INC	BusinessNameLine1Txt
Business Name Line2	FLS	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	FLSF	BusinessNameControlTxt
Phone	8453696100	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ABRAHAM FEIG	PersonNm
Person Title	DIRECTOR	PersonTitleTxt
Phone	8453696100	PhoneNum
Signature	2025-11-17	SignatureDt

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PERRY DINTER	PreparerPersonNm
PTIN	P00636558	PTIN
Phone	8455174222	PhoneNum
Preparation	2025-11-17	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$253,590	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,700,000	ContriRcvdRevAndExpnssAmt
Total Rev And Expnss	$1,700,000	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss	$1,975	AccountingFeesRevAndExpnssAmt
Interest Rev And Expnss	$17,973	InterestRevAndExpnssAmt
Other Expenses Rev And Expnss	$95	OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$20,043	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,887,089	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,887,089	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$2,907,132	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$2,887,089	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$1,207,132	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$316,413	CashBOYAmt
Cash EOY	$253,590	CashEOYAmt
Cash EOYFMV	$253,590	CashEOYFMVAmt
Total Assets BOY	$316,413	TotalAssetsBOYAmt
Total Assets EOY	$253,590	TotalAssetsEOYAmt
Total Assets EOYFMV	$253,590	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$49,246	AccountsPayableBOYAmt
Accounts Payable EOY	$35,582	AccountsPayableEOYAmt
Other Liabilities EOY	$1,157,973	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$49,246	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,193,555	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$267,167	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	-$939,965	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$267,167	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	-$939,965	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$316,413	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$253,590	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$267,167	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$1,207,132	ExcessRevenueOverExpensesAmt
Subtotal	-$939,965	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	-$939,965	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$0	InvestmentIncomeExciseTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	THE FLS FOUNDATION	IndividualWithBooksNm
Phone	8453696100	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
Address Line2	11 TIMOTHY COURT	AddressLine2Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt	Address Line2USAddress/AddressLine2Txt
ABRAHAM FEIG
11 TIMOTHY COURT	MONSEY	NY	10952	DIRECTOR	1.50	$0	$0	$0
BENZION LEBOVITZ
1249 58TH STREET	BROOKLYN	NY	11219	DIRECTOR	1.50	$0	$0	$0	1249 58TH STREET
LAZER RAAB
35 DR FRANK ROAD	SPRING VALLEY	NY	10977	SECRETARY	0.50	$0	$0	$0	35 DR FRANK ROAD

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$15,597	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$15,597	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$15,597	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$234	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$15,363	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$768	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$768	MinimumInvestmentReturnAmt
Distributable Before Adj	$768	DistributableBeforeAdjAmt
Distributable Before Ded	$768	DistributableBeforeDedAmt
Distributable As Adjusted	$768	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$2,887,089	ExpensesAndContributionsAmt
Qualifying Distributions	$2,887,089	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$768	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$707,849	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$405,453	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$342,521	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$3,983,552	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$2,858,738	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$8,298,113	TotalExcessDistributionCyovAmt
Qualifying Distributions	$2,887,089	QualifyingDistributionsAmt
Applied To Current Year	$768	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$2,886,321	RemainingDistriFromCorpusAmt
Total Corpus	$11,184,434	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$707,849	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$10,476,585	ExcessDistriCyovToNextYrAmt
Excess From Year4	$405,453	ExcessFromYear4Amt
Excess From Year3	$342,521	ExcessFromYear3Amt
Excess From Year2	$3,983,552	ExcessFromYear2Amt
Excess From Year1	$2,858,738	ExcessFromYear1Amt
Excess From Current Year	$2,886,321	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	ABRAHAM FEIG	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8453696100	RecipientPhoneNum
Form And Info And Materials	TELEPHONE OR MAIL SOLICITATIONS	FormAndInfoAndMaterialsTxt
Submission Deadlines	NO DEADLINE	SubmissionDeadlinesTxt
Restrictions On Awards	NO RESTRICTIONS	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Field	Value	IRS element (for citing)
Recipient Person	SEE LIST ATTACHED	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	CHARITABLE	GrantOrContributionPurposeTxt
Amt	$2,887,089	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,887,089	TotalGrantOrContriPdDurYrAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	ABRAHAM FEIG	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	11 TIMOTHY COURT	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,700,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Amt	$1,975	Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES	$95
OFFICE EXPENSE

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (4 entries)

DescDesc	EOY Book ValueEOYBookValueAmt
LOANS PAYABLE-AF CRUT	$330,000
LOANS PAYABLE-THE FLS TRUST	$800,000
LOANS PAYABLE-FPC REALTY	$10,000
INTEREST PAYABLE-FLS TRUST	$17,973

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