STRATEGY STUDIO / PUBLIC DATA EXPLORER

KCIG FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
KCIG FOUNDATION (EIN 13-7103160)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-11-17
IRS object ID
201433219349101773
Schema version
2013v3.1
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)
Return2014-11-17T17:10:54-06:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133762892PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SOLOMON HIRSCH CPA PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line114 JOAN LANEAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137103160EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE KCIG FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlKCIGBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2014-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSOLOMON HIRSCHPreparerPersonNm
PTINP00637083PTIN
Phone8455174222PhoneNum
Preparation2014-11-17PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$590,603FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,000ContriRcvdRevAndExpnssAmt
Total Rev And Expnss$100,000TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Taxes Rev And Expnss$110TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$110TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$26,582ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$26,582ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$26,692TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$26,582TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$73,308ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$19CashBOYAmt
Cash EOY$13,889CashEOYAmt
Cash EOYFMV$13,889CashEOYFMVAmt
Other Investments BOY$129,327OtherInvestmentsBOYAmt
Other Investments EOY$129,327OtherInvestmentsEOYAmt
Other Investments EOYFMV$129,714OtherInvestmentsEOYFMVAmt
Other Assets BOY$447,000OtherAssetsBOYAmt
Other Assets EOY$447,000OtherAssetsEOYAmt
Other Assets EOYFMV$447,000OtherAssetsEOYFMVAmt
Total Assets BOY$576,308TotalAssetsBOYAmt
Total Assets EOY$590,216TotalAssetsEOYAmt
Total Assets EOYFMV$590,603TotalAssetsEOYFMVAmt
Loans From Officers BOY$74,400LoansFromOfficersBOYAmt
Loans From Officers EOY$15,000LoansFromOfficersEOYAmt
Total Liabilities BOY$74,400TotalLiabilitiesBOYAmt
Total Liabilities EOY$15,000TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$501,908UnrestrictedBOYAmt
Unrestricted EOY$575,216UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$501,908TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$575,216TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$576,308TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$590,216TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$501,908TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$73,308ExcessRevenueOverExpensesAmt
Subtotal$575,216SubtotalAmt
Tot Net Ast Or Fund Balances EOY$575,216TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$17,851AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$542NetVlNoncharitableAssetsYr1Amt
Distribution Yr132.935424DistributionYr1Rt
Adjusted Qlfy Distri Yr3$40,793AdjustedQlfyDistriYr3Amt
Adjusted Qlfy Distri Yr4$85,924AdjustedQlfyDistriYr4Amt
Adjusted Qlfy Distri Yr5$235,052AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$43,779NetVlNoncharitableAssetsYr5Amt
Distribution Yr55.369058DistributionYr5Rt
Total Distribution38.304482TotalDistributionRt
Average Distribution19.152241AverageDistributionRt
Net Vl Noncharitable Assets$12,042NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$230,631AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$230,631AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$26,582QualifyingDistributionsAmt

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 DRAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ISRAEL GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE2.00$0$0$0
MOLLY GROSSMAN
12 MELNICK DRIVEMONSEYNY10952TRUSTEE5.00$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$12,225AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$12,225TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$12,225AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$183CashDeemedCharitableAmt
Net Vl Noncharitable Assets$12,042NetVlNoncharitableAssetsAmt
Minimum Investment Return$602MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$602MinimumInvestmentReturnAmt
Distributable Before Adj$602DistributableBeforeAdjAmt
Distributable Before Ded$602DistributableBeforeDedAmt
Distributable As Adjusted$602DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$26,582ExpensesAndContributionsAmt
Qualifying Distributions$26,582QualifyingDistributionsAmt
Adjusted Qualifying Distri$26,582AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$602DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$232,889ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$85,939ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$40,897ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$22,196ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$17,824ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$399,745TotalExcessDistributionCyovAmt
Qualifying Distributions$26,582QualifyingDistributionsAmt
Applied To Current Year$602AppliedToCurrentYearAmt
Remaining Distri From Corpus$25,980RemainingDistriFromCorpusAmt
Total Corpus$425,725TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$232,889ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$192,836ExcessDistriCyovToNextYrAmt
Excess From Year4$85,939ExcessFromYear4Amt
Excess From Year3$40,897ExcessFromYear3Amt
Excess From Year2$22,196ExcessFromYear2Amt
Excess From Year1$17,824ExcessFromYear1Amt
Excess From Current Year$25,980ExcessFromCurrentYearAmt

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 DRIVEAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode
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

FieldValueIRS element (for citing)
Recipient PersonSEE LIST ATTACHEDRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 MELNICK DRIVEAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode
FieldValueIRS element (for citing)
Grant Or Contribution PurposeCHARITABLEGrantOrContributionPurposeTxt
Amt$26,582Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$26,582TotalGrantOrContriPdDurYrAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonISRAEL GROSSMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line16 ELLISH PARKWAYAddressLine1
CitySPRING VALLEYCity
StateNYState
ZIP Code10977ZIPCode
FieldValueIRS element (for citing)
Total Contributions$100,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

ISRAEL GROSSMAN
MOLLY GROSSMAN

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
LIFE INSURANCE JOHN HANCOCKAT COST$58,887$18,742
MANULIFE STOCKAT COST$20,000$60,532
LIFE INSURANCE JOHN HANCOCKAT COST$50,440$50,440

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 ValueEOYBookValueAmtEOYFMVEOYFMVAmt
LOAN RECEIVABLE SANZ INT$165,400$165,400$165,400
LOAN RECEIVABLE LEV LALEV$281,600$281,600$281,600

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonISRAEL GROSSMANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 ELLISH PARKWAYAddressLine1
CitySPRING VALLEYCity
StateNYState
ZIP Code10977ZIPCode

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS DEPT OF LAWCategoryTxt
Amt$110Amt