2024-11-01T10:32:17-04:00 2023-12-31 841744985 David Novick CPA PLLC 2665 Hubbard Street Brooklyn NY 11235 990 2023-01-01 814924918 THE KATAN FOUNDATION INC THEK 75-25 153 Street Apt 939 FLUSHING NY 11367 Emil Ghatan President 5162861973 2024-11-01 true true David Novick P01785867 7183148768 2024-11-01 2023 2024-10-15 13:58:12Z Emil Ghatan 75-25 153 Street Apt 939 FLUSHING NY 11367 238449 false X X To provide charitable relief, food and clothing for the needy, orphaned children with mental and Continued on Schedule O, Statement 1 3 3 0 0 370568 238449 0 0 0 370568 238449 349709 213654 0 0 0 0 7987 5695 357696 219349 12872 19100 339 25173 3567 9301 -3228 15872 X To provide charitable relief food, clothing, and support for the needy, orphaned children with mental and physical disabilities, and underprivileged people according to Jewish doctrine in the United false false 219349 213474 238450 To provide charitable relief food and clothing and support for the 219349 true true false false false false false false false false false false false false false false false false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true false false false X Emil Ghatan 5162861973 75-25 153 St FLUSHING NY 11367 X Emil Ghatan President 10 0 X X 0 0 0 Howard L Diamo Treasurer 5 0 X X 0 0 0 Chris Chang Trustee 5 0 X 0 0 0 0 false false false 0 238449 238449 0 238449 180 180 213474 213474 1470 1470 Bank Fees and Interest 4225 4225 219349 215124 4225 0 339 25173 339 25173 3567 9301 3567 9301 X -3228 15872 -3228 15872 339 25173 19100 X true X false true false X 0 0 324810 259352 220241 370568 238450 1413421 324810 259352 220241 370568 238450 1413421 1094982 318439 1413421 0.22530 0.21520 X Schedule A, Part II, Section C, Line 17a The Katan Foundation meets the 10%-facts-and-circumstances test for 2022 and all prior years. The foundation is run like a public foundation in all aspects. We suported many public causes and continously try to increase our public Schedule A, Part II, Section C, Line 17a support. Unfortunately, we fell short on our external fund raising. A few organizations stepped in making up this difference in our fund raising short falls. This caused our public support test to fall below 33.33%. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true Middle East 1 1 Program Serv Charity 166664 1 1 1 1 166664 166664 Middle East Charity 10950 Cash Middle East Charity 5074 Cash Middle East Charity 31439 Cash Middle East Charity 119202 Cash Middle East Charity 38368 Cash Middle East Charity 8441 Cash Charity Cash Middle East 2 46809 Wire false false false false false false Schedule F, Part I, Line 2 Emil Ghatan and members of the local foreign religious community oversees Jewish Programming promoting the principles of Judaism through seminars, meetings, and See Schedule O, Schedule F, Part I, Line 2 Schedule F, Part I, Line 3 The accounting method is accrual and we have no investments in the Middle East & North Africa. The total expenses in the Middle East & North Africa is calculated by the total amount of charity given to non-profit entities in this region. Schedule F, Part II, Line 1 The accounting method used is accrual. Schedule F, Part III The accounting method used is accrual. The number of recipients was 2. Form 990, Part VI, Section B, Line 11b The completed form final form 990 was reviewed by the trustees, officers and all members of its governing body the prior to the submission to the IRS. Members who could not be present in person were included in a conference call. Form 990, Part VI, Section B, Line 12c All future paid officers, directors, or trustees, and employees required to fill out and certify a Conflict of Resolution Questionnaire annually and disclose any interests that could give rise to conflicts. Form 990, Part VI, Section C, Line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public per request. These documents are also available on Form 990, Part VI, Section C, Line 19 the Foundation Center website. Form 990, Part I, Line 1 physical disabilities and underprivileged people according to Jewish doctrine in the United States and Israel. To act as an outreach organization to promote the principles of the Form 990, Part I, Line 1 Jewish religion and Judaism through seminars, meetings, and weekend and holiday retreats promoting the Sabbath and Jewish holidays. To strengthen the religious, moral, and Form 990, Part I, Line 1 intellectual values of members of the community. Page 2, Part III, Item 4a help support related religious non-profit organizations that promote Judaism and provide charity to individuals in need. Schedule F, Part I, Line 2 weekend and holiday retreats and oversees the distributions to individuals' charity support as well as the purchase of clothing and food for individuals in need. Emil Ghatan and See Schedule O, Schedule F, Part I, Line 2. Schedule F, Part I, Line 2 the members-of the local foreign religious community also oversee the process to make sure all recipients are truly in need and are meeting their required obligations and using the money for its intended purposes. Before any support is Schedule F, Part I, Line 2 approved to any entity or individual, it would have to be approved by a majority of the trustees, Rabbis, board of directors, and members of the organization. The entities Schedule F, Part I, Line 2 that receive support are well known in the religious community. We get to know them through their participation in our community. We also visit the officers and their Schedule F, Part I, Line 2 families at their homes to see how they are living, check if they have a valid need for our financial support, and determine their righteousness. The need our support is determined by Rabbis and other board members. Support is Schedule F, Part I, Line 2 given by accessing each recipients needs and or based whether the entities can deliver. None of the officers of recipients have been related to any individuals who make funding selections or to any of our officers or board Schedule F, Part I, Line 2 members. Because we remain continuous contact with the recipients, we are confident that it is used for its intended purpose as we monitor each entities progress. If we were to ever discovered any misuse of our funds, we would Schedule F, Part I, Line 2 immediately terminate the relationship and take legal action if necessary. Schedule B, Page 2, Number 3 MADISON INVEST & GROUP SA, 1793 AVE PAULISTA, 11 FL, Sao Paulo SP 013311-200 BRAZIL, donated $50,000 to The Katan Foundation Inc. during 2022. The 990 tax software does not Schedule B, Page 2, Number 3 allow us to enter foreign addresses on schedule B, page 2.