KCIG FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: KCIG FOUNDATION (EIN 13-7103160)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-12
IRS object ID: 202533169349102273
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
Loans From Officers Schedule
Other Assets Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-12T23:13:07-05:00	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	137103160	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE KCIG FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KCIG	BusinessNameControlTxt
Phone	8454266194	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	12 MELNICK DRIVE	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ISRAEL GROSSMAN	PersonNm
Person Title	TRUSTEE	PersonTitleTxt
Phone	8455174222	PhoneNum
Signature	2025-11-12	SignatureDt

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

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PERRY DINTER	PreparerPersonNm
PTIN	P00636558	PTIN
Phone	8455174222	PhoneNum
Preparation	2025-11-12	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	$13,489	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$33,000	ContriRcvdRevAndExpnssAmt
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss	$1	InterestOnSavRevAndExpnssAmt
Interest On Savings Adj Net Incm	$1	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$1,537	DividendsRevAndExpnssAmt
Dividends Adj Net Incm	$1,537	DividendsAdjNetIncmAmt
Total Rev And Expnss	$34,538	TotalRevAndExpnssAmt
Total Net Invst Incm	$0	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,538	TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$31,497	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$31,497	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$31,497	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$31,497	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$3,041	ExcessRevenueOverExpensesAmt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$1,538	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$16,657	CashBOYAmt
Cash EOY	$13,489	CashEOYAmt
Cash EOYFMV	$13,489	CashEOYFMVAmt
Other Assets BOY	$467,000	OtherAssetsBOYAmt
Other Assets EOY	$467,000	OtherAssetsEOYAmt
Total Assets BOY	$483,657	TotalAssetsBOYAmt
Total Assets EOY	$480,489	TotalAssetsEOYAmt
Total Assets EOYFMV	$13,489	TotalAssetsEOYFMVAmt
Loans From Officers BOY	$16,000	LoansFromOfficersBOYAmt
Loans From Officers EOY	$9,791	LoansFromOfficersEOYAmt
Total Liabilities BOY	$16,000	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$9,791	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$467,657	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$470,698	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$467,657	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$470,698	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$483,657	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$480,489	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$467,657	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$3,041	ExcessRevenueOverExpensesAmt
Subtotal	$470,698	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$470,698	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
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
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 KCIG FOUNDATION	IndividualWithBooksNm
Phone	8454266194	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	12 MELNICK DR	AddressLine1Txt
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 (2 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
ISRAEL GROSSMAN
12 MELNICK DRIVE	MONSEY	NY	10952	TRUSTEE	1.00	$0	$0	$0
MOLLY GROSSMAN
12 MELNICK DRIVE	MONSEY	NY	10952	TRUSTEE	1.00	$0	$0	$0

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	$13,489	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$464,489	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$477,978	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$477,978	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$7,170	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$470,808	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$23,540	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$23,540	MinimumInvestmentReturnAmt
Distributable Before Adj	$23,540	DistributableBeforeAdjAmt
Distributable Before Ded	$23,540	DistributableBeforeDedAmt
Distributable As Adjusted	$23,540	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$31,497	ExpensesAndContributionsAmt
Qualifying Distributions	$31,497	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$23,540	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2	$2,273	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$3,803	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$6,076	TotalExcessDistributionCyovAmt
Qualifying Distributions	$31,497	QualifyingDistributionsAmt
Applied To Current Year	$23,540	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$7,957	RemainingDistriFromCorpusAmt
Total Corpus	$14,033	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$14,033	ExcessDistriCyovToNextYrAmt
Excess From Year2	$2,273	ExcessFromYear2Amt
Excess From Year1	$3,803	ExcessFromYear1Amt
Excess From Current Year	$7,957	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	ISRAEL GROSSMAN	ContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	ISRAEL GROSSMAN	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	12 MELNICK DRIVE	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8454266194	RecipientPhoneNum
Form And Info And Materials	WRITTEN LETTER	FormAndInfoAndMaterialsTxt
Submission Deadlines	NO DEADLINES	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	12 MELNICK DRIVE	AddressLine1Txt
City	MONSEY	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10952	ZIPCd

Field	Value	IRS element (for citing)
Grant Or Contribution Purpose	CHARITABLE	GrantOrContributionPurposeTxt
Amt	$31,497	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$31,497	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1	RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,537	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$1,538	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,538	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	4	LineNumberTxt
Relationship Statement	INVESTMENT SECURITIES	RelationshipStatementTxt

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

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

Field	Value	IRS element (for citing)
Lender Person	ISRAEL GROSSMAN	LenderPersonNm
Balance Due	$9,791	BalanceDueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
LOAN RECEIVABLE SANZ INT	$165,400	$165,400
LOAN RECEIVABLE LEV LALEV	$301,600	$301,600