KCEG FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- KCEG FOUNDATION (EIN 13-7103161)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-08-21
- IRS object ID
- 201332339349100103
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-08-21T07:24:30-07:00 | 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 | Bernath & Rosenberg PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1430 Broadway 7th Floor | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 100183308 | 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 | 137103161 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KCEG FOUNDATION THE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KCEG | NameControl |
| Phone | 8454257676 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 ROBERT PITT DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EPHRAIM GROSSMAN | Name |
| Title | Trustee | Title |
| Date Signed | 2013-08-21 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | James H Bernath | Name |
| PTIN | P00187297 | PTIN |
| Phone | 2122211140 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 478156 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 425000 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 1683 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 1683 | DividendsNetInvstIncm |
| Total Revenue And Expenses | 426683 | TotalRevenueAndExpenses |
| Total Net Investment Income | 1683 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 575 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 575 | AccountingFeesDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 73 | OtherExpensesRevAndExpnss |
| Other Expenses Dsbrs Chrtbl Prps | 50 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 648 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 625 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 188476 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 188476 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 189124 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 189101 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 237559 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 1683 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 209622 | CashBOY |
| Cash EOY | 447181 | CashEOY |
| Cash EOYFMV | 447181 | CashEOYFMV |
| Investments Other BOY | 177646 | InvestmentsOtherBOY |
| Investments Other EOY | 177646 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 30975 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 387268 | TotalAssetsBOY |
| Total Assets EOY | 624827 | TotalAssetsEOY |
| Total Assets EOYFMV | 478156 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 387268 | RetainedEarningsBOY |
| Retained Earnings EOY | 624827 | RetainedEarningsEOY |
| Total Net Assets BOY | 387268 | TotalNetAssetsBOY |
| Total Net Assets EOY | 624827 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 387268 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 624827 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 387268 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 237559 | ExcessOfRevenueOverExpenses |
| Subtotal | 624827 | Subtotal |
| Total Net Assets Fund Balances EOY | 624827 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 156958 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 112529 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 1.39482 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 161344 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 88899 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 1.81491 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 154479 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 78570 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 1.96613 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 129976 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 67220 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 1.93359 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 307189 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 108408 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 2.83364 | DistributionRatioYear5 |
| Total Distribution Ratio | 9.94310 | TotalDistributionRatio |
| Average Distribution Ratio | 1.98862 | AverageDistributionRatio |
| Net Noncharitable Assets | 140512 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 279425 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 17 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 279442 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 189101 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 34 | InvestmentIncomeExciseTax |
| Subtotal | 34 | Subtotal |
| Tax Based On Investment Income | 34 | TaxBasedOnInvestmentIncome |
| Tax Due | 34 | 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 | true | 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 | EPHRAIM GROSSMAN | BusinessNameLine1 |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 ROBERT PITT DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | 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 (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| HENDEL GROSSMAN | ||||||
| 16 SUNRISE DRIVE | MONSEY | NY | 10952 | Trustee | 0.50 | 0 |
| EPHRAIM GROSSMAN | ||||||
| 16 SUNRISE DRIVE | MONSEY | NY | 10952 | Trustee | 1.25 | 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 | 111677 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 30975 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 142652 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 142652 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2140 | CashDeemedCharitable |
| Net Noncharitable Assets | 140512 | NetNoncharitableAssets |
| Minimum Investment Return | 7026 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 7026 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 34 | TaxBasedOnInvestmentIncome |
| Total Tax | 34 | TotalTax |
| Distributable Amount Before Adj | 6992 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 6992 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 6992 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 189101 | ExpensesAndContributions |
| Qualifying Distributions | 189101 | QualifyingDistributions |
| Adj Qualifying Distributions | 189101 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 6992 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 301794 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 128906 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 150550 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 157122 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 151332 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 889704 | TotalExcessDistriCarryover |
| Qualifying Distributions | 189101 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 6992 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 182109 | RemainingDistriFromCorpus |
| Total Corpus | 1071813 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 301794 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 770019 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 128906 | ExcessFromYear4 |
| Excess From Year3 | 150550 | ExcessFromYear3 |
| Excess From Year2 | 157122 | ExcessFromYear2 |
| Excess From Year1 | 151332 | ExcessFromYear1 |
| Excess From Current Year | 182109 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | EPHRAIM GROSSMAN | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person Name | see attached schedule | RecipientPersonName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | various | AddressLine1 |
| City | various | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | NONE | RecipientRelationship |
| Recipient Foundation Status | EXEMPT | RecipientFoundationStatus |
| Purpose Of Grant Or Contribution | CHARITABLE | PurposeOfGrantOrContribution |
| Amount | $188,476 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 188476 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 1683 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 1683 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1683 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | EPHRAIM GROSSMAN | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16 SUNRISE DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 425000 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | Category |
| Amount | $575 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 575 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|
| FILING FEES | 50 | 50 |
| BANK CHARGES | 23 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person Name | EPHRAIM GROSSMAN | PersonName |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 27 ROBERT PITT DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
Comments