KCIG FOUNDATION: Form 990PF, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- KCIG FOUNDATION (EIN 13-7103160)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-18
- IRS object ID
- 201323229349100502
- Schema version
- 2012v2.3
- 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
- Compensation Explanation
- Investments Other Schedule2
- Loans From Officers Schedule
- Other Assets Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-11-18T08:54:13-06:00 | 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 | SOLOMON HIRSCH CPA PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 JOAN LANE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | 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 | 137103160 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE KCIG FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | KCIG | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 MELNICK DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ISRAEL GROSSMAN | Name |
| Title | PRESIDENT | Title |
| Date Signed | 2013-11-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SOLOMON HIRSCH | Name |
| Phone | 8455174222 | Phone |
| Date Prepared | 2013-11-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 499800 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Not Required To Attach Schedule B | X | NotRequiredToAttachScheduleB |
| Dividends Rev And Expnss | 1683 | DividendsRevAndExpnss |
| Dividends Adj Net Incm | 1683 | DividendsAdjNetIncm |
| Total Revenue And Expenses | 1683 | TotalRevenueAndExpenses |
| Total Net Investment Income | 0 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 1683 | TotalAdjustedNetIncome |
| Taxes Rev And Expnss | 100 | TaxesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 100 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 17851 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 17851 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 17951 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 17851 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | -16268 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 1683 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | -751 | CashBOY |
| Cash EOY | -19 | CashEOY |
| Cash EOYFMV | -19 | CashEOYFMV |
| Investments Other BOY | 129327 | InvestmentsOtherBOY |
| Investments Other EOY | 129327 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 52819 | InvestmentsOtherEOYFMV |
| Other Assets BOY | 447000 | OtherAssetsBOY |
| Other Assets EOY | 447000 | OtherAssetsEOY |
| Other Assets EOYFMV | 447000 | OtherAssetsEOYFMV |
| Total Assets BOY | 575576 | TotalAssetsBOY |
| Total Assets EOY | 576308 | TotalAssetsEOY |
| Total Assets EOYFMV | 499800 | TotalAssetsEOYFMV |
| Loans From Officers BOY | 57400 | LoansFromOfficersBOY |
| Loans From Officers EOY | 74400 | LoansFromOfficersEOY |
| Total Liabilities BOY | 57400 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 74400 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 518176 | UnrestrictedBOY |
| Unrestricted EOY | 501908 | UnrestrictedEOY |
| Total Net Assets BOY | 518176 | TotalNetAssetsBOY |
| Total Net Assets EOY | 501908 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 575576 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 576308 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 518176 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | -16268 | ExcessOfRevenueOverExpenses |
| Subtotal | 501908 | Subtotal |
| Total Net Assets Fund Balances EOY | 501908 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year2 | 40793 | QualifyingDistributionsYear2 |
| Qualifying Distributions Year3 | 85924 | QualifyingDistributionsYear3 |
| Qualifying Distributions Year4 | 235052 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 43779 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 5.369058 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 403181 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 75654 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 5.329275 | DistributionRatioYear5 |
| Total Distribution Ratio | 10.698333 | TotalDistributionRatio |
| Average Distribution Ratio | 5.349167 | AverageDistributionRatio |
| Net Noncharitable Assets | 542 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 2899 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 2899 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 17851 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
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 | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| 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 |
| Website Address | N/A | WebsiteAddress |
| Books In Care Of Person Name | THE KCIG FOUNDATION | BooksInCareOfPersonName |
| Books In Care Of Phone Number | 8454266194 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 MELNICK DR | 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 |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Business Holdings | false | BusinessHoldings |
| 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 |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
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 | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| ISRAEL GROSSMAN | ||||||||
| 12 MELNICK DRIVE | MONSEY | NY | 10952 | TRUSTEE | 2.00 | 0 | 0 | 0 |
| MOLLY GROSSMAN | ||||||||
| 12 MELNICK DRIVE | MONSEY | NY | 10952 | TRUSTEE | 5.00 | 0 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1 |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 550 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 550 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 550 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 8 | CashDeemedCharitable |
| Net Noncharitable Assets | 542 | NetNoncharitableAssets |
| Minimum Investment Return | 27 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 27 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 27 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 27 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 27 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 17851 | ExpensesAndContributions |
| Qualifying Distributions | 17851 | QualifyingDistributions |
| Adj Qualifying Distributions | 17851 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 27 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 399430 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 232889 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 85939 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 40897 | ExcessDistriCarryoverYear2 |
| Excess Distri Carryover Year1 | 22196 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 781351 | TotalExcessDistriCarryover |
| Qualifying Distributions | 17851 | QualifyingDistributions |
| Applied To Current Year | 27 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 17824 | RemainingDistriFromCorpus |
| Total Corpus | 799175 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 399430 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 399745 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 232889 | ExcessFromYear4 |
| Excess From Year3 | 85939 | ExcessFromYear3 |
| Excess From Year2 | 40897 | ExcessFromYear2 |
| Excess From Year1 | 22196 | ExcessFromYear1 |
| Excess From Current Year | 17824 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ISRAEL GROSSMAN | ContributingManager |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | ISRAEL GROSSMAN | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 MELNICK DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 8454266194 | RecipientPhoneNumber |
| Form And Info And Materials | WRITTEN LETTER | FormAndInfoAndMaterials |
| Submission Deadlines | NO DEADLINES | SubmissionDeadlines |
| Restrictions On Awards | NO RESTRICTIONS | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person Name | SEE LIST ATTACHED | RecipientPersonName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12 MELNICK DRIVE | AddressLine1 |
| City | MONSEY | City |
| State | NY | State |
| ZIP Code | 10952 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Purpose Of Grant Or Contribution | CHARITABLE | PurposeOfGrantOrContribution |
| Amount | $17,851 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 17851 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $1,683 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $1,683 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 1683 | TotalPartXVIA |
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 4 | LineNumber |
| Relationship Statement | INVESTMENT SECURITIES | RelationshipStatement |
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 |
Compensation Explanation CompensationExplanation
Compensation Compensation (2 entries)
| ISRAEL GROSSMAN |
| MOLLY GROSSMAN |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (3 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| LIFE INSURANCE JOHN HANCOCK | AT COST | 58887 | 11125 |
| MANULIFE STOCK | AT COST | 20000 | 41694 |
| LIFE INSURANCE JOHN HANCOCK | AT COST | 50440 |
Loans From Officers Schedule LoansFromOfficersSchedule
Loans From Officer LoansFromOfficer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lenders Name | ISRAEL GROSSMAN | LendersName |
| Balance Due | 74400 | BalanceDue |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (2 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| LOAN RECEIVABLE SANZ INT | 165400 | 165400 | 165400 |
| LOAN RECEIVABLE LEV LALEV | 281600 | 281600 | 281600 |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | NYS DEPT OF LAW | Category |
| Amount | $100 | Amount |