STRATEGY STUDIO / PUBLIC DATA EXPLORER

KCIG FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
KCIG FOUNDATION (EIN 13-7103160)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-24
IRS object ID
201523289349100202
Schema version
2014v5.0
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)
Return2015-11-24T10:03:07-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133762892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SOLOMON HIRSCH CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line114 JOAN LANEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137103160EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KCIG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKCIGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2015-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSOLOMON HIRSCHPreparerPersonNm
PTINP00637083PTIN
Phone8455174222PhoneNum
Preparation2015-11-24PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$58,568FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$2,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$3,033DividendsRevAndExpnssAmt
Dividends Adj Net Incm$3,033DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$71,841NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$37,486GrossSalesPriceAmt
Total Rev And Expnss-$66,808TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Total Adj Net Incm$3,033TotalAdjNetIncmAmt
Taxes Rev And Expnss$100TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$100TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$48,975ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$48,975ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$49,075TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$48,975TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$115,883ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$3,033AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,889CashBOYAmt
Cash EOY$7,333CashEOYAmt
Other Investments BOY$109,327OtherInvestmentsBOYAmt
Other Investments EOYFMV$58,568OtherInvestmentsEOYFMVAmt
Other Assets BOY$467,000OtherAssetsBOYAmt
Other Assets EOY$467,000OtherAssetsEOYAmt
Total Assets BOY$590,216TotalAssetsBOYAmt
Total Assets EOY$474,333TotalAssetsEOYAmt
Total Assets EOYFMV$58,568TotalAssetsEOYFMVAmt
Loans From Officers BOY$15,000LoansFromOfficersBOYAmt
Loans From Officers EOY$15,000LoansFromOfficersEOYAmt
Total Liabilities BOY$15,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$15,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$575,216UnrestrictedBOYAmt
Unrestricted EOY$459,333UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$575,216TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$459,333TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$590,216TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$474,333TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$575,216TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$115,883ExcessRevenueOverExpensesAmt
Subtotal$459,333SubtotalAmt
Tot Net Ast Or Fund Balances EOY$459,333TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$26,582AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$12,042NetVlNoncharitableAssetsYr1Amt
Distribution Yr12.207441DistributionYr1Rt
Adjusted Qlfy Distri Yr2$17,851AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$542NetVlNoncharitableAssetsYr2Amt
Distribution Yr232.935424DistributionYr2Rt
Adjusted Qlfy Distri Yr4$40,793AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$85,924AdjustedQlfyDistriYr5Amt
Total Distribution35.142865TotalDistributionRt
Average Distribution17.571433AverageDistributionRt
Net Vl Noncharitable Assets$10,608NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$186,398AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$186,398AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$48,975QualifyingDistributionsAmt

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
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 ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksTHE KCIG FOUNDATIONIndividualWithBooksNm
Phone8454266194PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
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
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ISRAEL GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE2.00$0$0$0
MOLLY GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$10,770AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,770TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$10,770AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$162CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,608NetVlNoncharitableAssetsAmt
Minimum Investment Return$530MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$530MinimumInvestmentReturnAmt
Distributable Before Adj$530DistributableBeforeAdjAmt
Distributable Before Ded$530DistributableBeforeDedAmt
Distributable As Adjusted$530DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$48,975ExpensesAndContributionsAmt
Qualifying Distributions$48,975QualifyingDistributionsAmt
Adjusted Qualifying Distri$48,975AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$530DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$85,939ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$40,897ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$22,196ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$17,824ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$25,980ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$192,836TotalExcessDistributionCyovAmt
Qualifying Distributions$48,975QualifyingDistributionsAmt
Applied To Current Year$530AppliedToCurrentYearAmt
Remaining Distri From Corpus$48,445RemainingDistriFromCorpusAmt
Total Corpus$241,281TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$85,939ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$155,342ExcessDistriCyovToNextYrAmt
Excess From Year4$40,897ExcessFromYear4Amt
Excess From Year3$22,196ExcessFromYear3Amt
Excess From Year2$17,824ExcessFromYear2Amt
Excess From Year1$25,980ExcessFromYear1Amt
Excess From Current Year$48,445ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerISRAEL GROSSMANContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonISRAEL GROSSMANRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8454266194RecipientPhoneNum
Form And Info And MaterialsWRITTEN LETTERFormAndInfoAndMaterialsTxt
Submission DeadlinesNO DEADLINESSubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SEE LIST ATTACHED
12 MELNICK DRIVEMONSEYNY10952CHARITABLE$30,232
KCEG FOUNDATION
16 SUNRISE DRIVEMONSEYNY10952CHARITABLE$18,743
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$48,975TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,033RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$71,841RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$68,808RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$68,808TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number4LineNumberTxt
Relationship StatementINVESTMENT SECURITIESRelationshipStatementTxt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetJOHN HANCOCK LIFE INSURANCEAssetDesc
How AcquiredPURCHASEHowAcquiredTxt
Sold2014-07SoldDt
Gross Sales Price$37,486GrossSalesPriceAmt
Basis$109,327BasisAmt
Total Net-$71,841TotalNetAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdEOYFMVEOYFMVAmt
LIFE INSURNACE JOHN HANCOCKAT COST
MANULIFE STOCKAT COST$58,568
LIFE INSURANCE JOHN HANCOCKAT COST

Loans From Officers Schedule LoansFromOfficersSchedule

Loans From Officer LoansFromOfficerGrp

FieldValueIRS element (for citing)
Lender PersonISRAEL GROSSMANLenderPersonNm
Balance Due$15,000BalanceDueAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (2 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
LOAN RECEIVABLE SANZ INT$165,400$165,400
LOAN RECEIVABLE LEV LALEV$301,600$301,600

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 ELLISH PARKWAYAddressLine1Txt
CitySPRING VALLEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10977ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS DEPT OF LAWCategoryTxt
Amt$100Amt