LGFSM CORP: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LGFSM CORP (EIN 20-2372883)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-02
IRS object ID: 201301269349100350
Schema version: 2012v2.1
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
Form 990-PF
Schedule B

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-02T15:20:16-04:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	593781769	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	EF SILBERBERG ASSOCIATES	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1566 EAST 32ND STREET	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11234	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	202372883	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LGFSM CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LGFS	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1318 Avenue J	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11230	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ISRAEL MANDELBAUM	Name
Title	PRESIDENT	Title
Date Signed	2013-05-10	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	EPHRAIM SILBERBERG	Name
PTIN	P00335003	PTIN
Phone	9174355408	Phone
Date Prepared	2013-05-02	DatePrepared

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	59721	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	20000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	275	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	275	InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm	275	InterestOnSavingsAdjNetIncm
Total Revenue And Expenses	20275	TotalRevenueAndExpenses
Total Net Investment Income	275	TotalNetInvestmentIncome
Total Adjusted Net Income	275	TotalAdjustedNetIncome
Printing And Pub Rev And Expnss	50	PrintingAndPubRevAndExpnss
Printing And Pub Dsbrs Chrtbl Prps	50	PrintingAndPubDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss	50	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	50	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	46319	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	46319	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	46369	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	46369	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	-26094	ExcessOfRevenueOverExpenses
Net Investment Income	275	NetInvestmentIncome
Adjusted Net Income	275	AdjustedNetIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	53520	CashBOY
Cash EOY	28039	CashEOY
Cash EOYFMV	28039	CashEOYFMV
Savings And Temp Cash Invst BOY	32295	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	31682	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	31682	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	85815	TotalAssetsBOY
Total Assets EOY	59721	TotalAssetsEOY
Total Assets EOYFMV	59721	TotalAssetsEOYFMV
Total Liabilities BOY	0	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Follow SFAS117	X	OrgThatFollowSFAS117
Unrestricted BOY	85815	UnrestrictedBOY
Unrestricted EOY	59721	UnrestrictedEOY
Total Net Assets BOY	85815	TotalNetAssetsBOY
Total Net Assets EOY	59721	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	85815	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	59721	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	85815	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	-26094	ExcessOfRevenueOverExpenses
Subtotal	59721	Subtotal
Total Net Assets Fund Balances EOY	59721	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Noncharitable Assets Year1	73875	NoncharitableAssetsYear1
Distribution Ratio Year1	0.0	DistributionRatioYear1
Qualifying Distributions Year2	25560	QualifyingDistributionsYear2
Noncharitable Assets Year2	74923	NoncharitableAssetsYear2
Distribution Ratio Year2	0.34115	DistributionRatioYear2
Qualifying Distributions Year3	34460	QualifyingDistributionsYear3
Qualifying Distributions Year4	75736	QualifyingDistributionsYear4
Qualifying Distributions Year5	37359	QualifyingDistributionsYear5
Total Distribution Ratio	0.34115	TotalDistributionRatio
Average Distribution Ratio	0.06823	AverageDistributionRatio
Net Noncharitable Assets	49250	NetNoncharitableAssets
Adjusted Noncharitable Assets	3360	AdjustedNoncharitableAssets
One Percent Net Investment Income	3	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	3363	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	46369	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	3	InvestmentIncomeExciseTax
Tax Under Section511	0	TaxUnderSection511
Subtotal	3	Subtotal
Subtitle A Tax	0	SubtitleATax
Tax Based On Investment Income	3	TaxBasedOnInvestmentIncome
Tax Due	3	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
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	false	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
Books In Care Of Person Name	ISRAEL MANDELBAUM	BooksInCareOfPersonName
Books In Care Of Phone Number	7189981234	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	1318 Avenue J	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11230	ZIPCode

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
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

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	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
ISRAEL MANDELBAUM
1318 Avenue J	Brooklyn	NY	11230	DIRECTOR	5.00	0	0	0
CHANIE MANDELBAUM
1318 Avenue J	Brooklyn	NY	11230	DIRECTOR	5.00	0	0	0
SARAH CLAIRE SIMAH
1318 Avenue J	Brooklyn	NY	11230	DIRECTOR	5.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k	0	TotNumberOfOthEmplPaidOver50k

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	50000	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	50000	TotalFMVOfUnusedAssets
Acquisition Indebtedness	0	AcquisitionIndebtedness
Adj Total FMV Of Unused Assets	50000	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	750	CashDeemedCharitable
Net Noncharitable Assets	49250	NetNoncharitableAssets
Minimum Investment Return	2463	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	2463	MinimumInvestmentReturn
Tax Based On Investment Income	3	TaxBasedOnInvestmentIncome
Total Tax	3	TotalTax
Distributable Amount Before Adj	2460	DistributableAmountBeforeAdj
Distributable Amount Before Ded	2460	DistributableAmountBeforeDed
Distributable Amount As Adjusted	2460	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	46369	ExpensesAndContributions
Qualifying Distributions	46369	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	3	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	46366	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	2460	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	33713	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	75736	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	34462	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	25560	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	47192	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	216663	TotalExcessDistriCarryover
Qualifying Distributions	46369	QualifyingDistributions
Applied To Current Year	2460	AppliedToCurrentYear
Remaining Distri From Corpus	43909	RemainingDistriFromCorpus
Total Corpus	260572	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	33713	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	226859	ExcessDistriCyovToNextYear
Excess From Year4	75736	ExcessFromYear4
Excess From Year3	34462	ExcessFromYear3
Excess From Year2	25560	ExcessFromYear2
Excess From Year1	47192	ExcessFromYear1
Excess From Current Year	43909	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	AGUDATH ISRAEL BAIS BINYOMIN	RecipientPersonName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2917 AVE L	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11210	ZIPCode

Field	Value	IRS element (for citing)
Recipient Foundation Status	501 C 3	RecipientFoundationStatus
Purpose Of Grant Or Contribution	TO SUPPORT RELIGOUS ACTIVITIES	PurposeOfGrantOrContribution
Amount	$10,250	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	10250	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$275	ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$275	ExclusionAmount

Field	Value	IRS element (for citing)
Total Part XVIA	275	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	BIG APPLE LIQUIDATORS	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	1318 Avenue J	AddressLine1
City	Brooklyn	City
State	NY	State
ZIP Code	11210	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	20000	AggregateContributions
Person Contribution Type	X	PersonContributionType