KAGAN FAMILY FOUNDATION INC: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- KAGAN FAMILY FOUNDATION INC (EIN 27-4430732)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-06-26
- IRS object ID
- 201311779349100401
- Schema version
- 2012v2.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-06-26T07:18:11-07:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILLIP M STERN & CO | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1901 51ST STREET STE 1A | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 274430732 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KAGAN FAMILY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KAGA | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1876 55TH ST | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Meir Kagan | Name |
| Title | President | Title |
| Date Signed | 2013-06-26 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Phillip M Stern CPA | Name |
| PTIN | P00426930 | PTIN |
| Phone | 7182320770 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 212913 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 99000 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 9728 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 9728 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 9728 | InterestOnSavingsAdjNetIncm |
| Total Revenue And Expenses | 108728 | TotalRevenueAndExpenses |
| Total Net Investment Income | 9728 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 9728 | TotalAdjustedNetIncome |
| Other Expenses Rev And Expnss | 60 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 60 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 78240 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 78240 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 78300 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 78240 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 30428 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 9728 | NetInvestmentIncome |
| Adjusted Net Income | 9728 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 182485 | CashBOY |
| Cash EOY | 62913 | CashEOY |
| Cash EOYFMV | 62913 | CashEOYFMV |
| Investments Other EOY | 150000 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 150000 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 182485 | TotalAssetsBOY |
| Total Assets EOY | 212913 | TotalAssetsEOY |
| Total Assets EOYFMV | 212913 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 182485 | UnrestrictedBOY |
| Unrestricted EOY | 212913 | UnrestrictedEOY |
| Total Net Assets BOY | 182485 | TotalNetAssetsBOY |
| Total Net Assets EOY | 212913 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 182485 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 212913 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 182485 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 30428 | ExcessOfRevenueOverExpenses |
| Subtotal | 212913 | Subtotal |
| Total Net Assets Fund Balances EOY | 212913 | TotalNetAssetsFundBalancesEOY |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 195 | InvestmentIncomeExciseTax |
| Subtotal | 195 | Subtotal |
| Tax Based On Investment Income | 195 | TaxBasedOnInvestmentIncome |
| Tax Due | 195 | TaxDue |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | NY | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | false | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEIR KAGAN | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3472424854 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1876 55TH ST | AddressLine1 |
| City | BROOKLYN | City |
| State | NY | State |
| ZIP Code | 11204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| Israel Werdyger | ||||||
| 1447 48th Street | Brooklyn | NY | 11219 | Treasurer | 0.00 | 0 |
| Gitty Kagan | ||||||
| 1876 55th Street | Brooklyn | NY | 11204 | Secretary | 0.00 | 0 |
| Meir Kagan | ||||||
| 1876 55th Street | Brooklyn | NY | 11204 | President | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 72270 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 72270 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 72270 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 1084 | CashDeemedCharitable |
| Net Noncharitable Assets | 71186 | NetNoncharitableAssets |
| Minimum Investment Return | 3559 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 3559 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 195 | TaxBasedOnInvestmentIncome |
| Total Tax | 195 | TotalTax |
| Distributable Amount Before Adj | 3364 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 3364 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 3364 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 78240 | ExpensesAndContributions |
| Qualifying Distributions | 78240 | QualifyingDistributions |
| Adj Qualifying Distributions | 78240 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 3364 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 96229 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 96229 | TotalExcessDistriCarryover |
| Qualifying Distributions | 78240 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 3364 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 74876 | RemainingDistriFromCorpus |
| Total Corpus | 171105 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 171105 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 96229 | ExcessFromYear1 |
| Excess From Current Year | 74876 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | Meir Kagan | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (22 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| ROSENBERG | |||||||
| 1158 42nd Street | BROOKLYN | NY | 11219 | NOT RELATED | N/A | ASSISTANCE TO INDIGENT | $500 |
| MERKAZ HATORAH VEHACHINUCH | |||||||
| 128 PARKVILLE AVE | BROOKLYN | NY | 11230 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $1,800 |
| CONGREGATION KEHILAS YAAKOV YITZCHO | |||||||
| 92 WEBSTER AVE | BROOKLYN | NY | 11230 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $1,110 |
| PAILE YOEDZ DBA ISH AL DIGLOY | |||||||
| 163 HEWES STREET | BROOKLYN | NY | 11211 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $500 |
| IMANU | |||||||
| 324 AVE 1 | BROOKLYN | NY | 11230 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $500 |
| CHESED YISROEL | |||||||
| 1769 51ST STREET | BROOKLYN | NY | 11204 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $2,750 |
| KUPAT EIZER NAISUIN BAIS YISROEL | |||||||
| 1274 49TH STREET STE 169 | BROOKLYN | NY | 11219 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $1,000 |
| FRIENDS OF BAIS YISROEL | |||||||
| 4802 19TH AVENUE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $250 |
| AMERICAN FRIENDS OF YESHIVA IMREI EMES | |||||||
| 3822 15TH AVE | BROOKLYN | NY | 11218 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $250 |
| AMERICAN FRIENDS OF SFATH EMETH YES | |||||||
| 4608 10TH AVE | BROOKLYN | NY | 11219 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $500 |
| AMERICAN FRIENDS OF BET SHEMESH | |||||||
| 1505 56TH STREET | BROOKLYN | NY | 11219 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $500 |
| AGUDATH ISRAEL OF MIDWOOD | |||||||
| 817 AVENUE H | BROOKLYN | NY | 11230 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $750 |
| YESHIVA YAGDIL TORAH | |||||||
| 5110 18TH AVE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $600 |
| YESHIVA GEVOHA LEV SIMCHA | |||||||
| 5108 18TH AVE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $2,800 |
| FRIENDS OF YESHIVATH CHEDUSHEI HARIM | |||||||
| 1142 49TH STREET | BROOKLYN | NY | 11219 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $450 |
| MESIVTA BAIS YISROEL | |||||||
| 5407 16TH AVE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $1,800 |
| KOLLEL CHASIDEI GUR | |||||||
| 1537 51ST STREET | BROOKLYN | NY | 11219 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $1,000 |
| KEREN HATZOLAS DOROS | |||||||
| 3924 NEW UTRECHT AVE | BROOKLYN | NY | 11219 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $500 |
| FRIENDS OF REAIM | |||||||
| 1149 42ND STREET | BROOKLYN | NY | 11219 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $1,000 |
| BONEI OLAM | |||||||
| 4205 17TH AVENUE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | ASSISTANCE TO INDIGENT | $3,800 |
| ICHUD MOSDOS GUR | |||||||
| 1310 48TH STREET | BROOKLYN | NY | 11219 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $50,380 |
| CONGREGATION PNEI MENACHEM | |||||||
| 4533 18th AVENUE | BROOKLYN | NY | 11204 | N/A | 501 C(3) | EDUCATIONAL ASSISTANCE | $5,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 78240 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 9728 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 9728 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9728 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType |
|---|---|---|---|---|---|---|---|
| 2 | MEIR KAGAN | 1876 55TH STREET | BROOKLYN | NY | 11204 | 50000 | X |
| 1 | FIRST MK FAMILY TRUST | 1876 55TH STREET | BROOKLYN | NY | 11204 | 49000 | X |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Long Term Investment-NR Portfolio | CategoryOrItem |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMV |
| Book Value | 150000 | BookValue |
| EOYFMV | 150000 | EOYFMV |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | FILING FEES | Description |
| Revenue And Expenses Per Books | 60 | RevenueAndExpensesPerBooks |
Comments