KAMLESH & DINABEN SHAH FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KAMLESH & DINABEN SHAH FOUNDATION INC (EIN 83-2585173)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-04-03
IRS object ID
202410949349100426
Schema version
2023v5.0
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)
Return2024-04-03T13:57:53-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364132536PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Pancholi & Associates IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11260 Iroquois Ave Ste208AddressLine1Txt
CityNapervilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60563ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832585173EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Kamlesh & Dinaben Shah Foundation IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKAMLBusinessNameControlTxt
Phone6304606971PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line123W278 Hampton CircleAddressLine1Txt
CityNapervilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonKamlesh ShahPersonNm
Person TitlePresident & CEOPersonTitleTxt
Signature2024-04-03SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstKamleshPersonFirstNm
Person LastShahPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVarsha PancholiPreparerPersonNm
PTINP00370206PTIN
Phone6305483780PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$937,611FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$1InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$14,281DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,281DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,281DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$6,348NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$50,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,348CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$6,348NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$20,630TotalRevAndExpnssAmt
Total Net Invst Incm$20,630TotalNetInvstIncmAmt
Total Adj Net Incm$20,630TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$750AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$28OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$778TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$38,458ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$38,458ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$39,236TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$38,458TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$18,606ExcessRevenueOverExpensesAmt
Net Investment Income$20,630NetInvestmentIncomeAmt
Adjusted Net Income$20,630AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,904CashBOYAmt
Cash EOY$80,819CashEOYAmt
Cash EOYFMV$80,819CashEOYFMVAmt
Sav And Temp Cash Invst BOY$15,002SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,002SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,003SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$734,100OtherInvestmentsBOYAmt
Other Investments EOY$654,728OtherInvestmentsEOYAmt
Other Investments EOYFMV$851,789OtherInvestmentsEOYFMVAmt
Total Assets BOY$757,006TotalAssetsBOYAmt
Total Assets EOY$740,549TotalAssetsEOYAmt
Total Assets EOYFMV$937,611TotalAssetsEOYFMVAmt
Loans From Officers EOY$2,150LoansFromOfficersEOYAmt
Other Liabilities BOY$1OtherLiabilitiesBOYAmt
Total Liabilities BOY$1TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,150TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$757,005CapitalStockBOYAmt
Capital Stock EOY$738,399CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$757,005TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$738,399TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$757,006TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$740,549TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$757,005TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$18,606ExcessRevenueOverExpensesAmt
Subtotal$738,399SubtotalAmt
Tot Net Ast Or Fund Balances EOY$738,399TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity-2110 LTPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2023-12-31SoldDt
Gross Sales Price$50,000GrossSalesPriceAmt
Cost Or Other Basis$43,652CostOrOtherBasisAmt
Gain Or Loss$6,348GainOrLossAmt
Gains Minus Excess Or Losses$6,348GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$6,348CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$6,348NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$287InvestmentIncomeExciseTaxAmt
Subtotal$287SubtotalAmt
Tax Based On Investment Income$287TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$121EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$121TotalPaymentsAndCreditsAmt
Tax Due$166TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateILOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Kamlesh ShahBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6304606971PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line123W278 Hampton CircleAddressLine1Txt
CityNapervilleCityNm
State AbbreviationILStateAbbreviationCd
ZIP60540ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Kamlesh Shah
23W278 Hampton CircleNapervilleIL60540President-CEO8.00$0
Dinaben Shah
23W278 Hampton CircleNapervilleIL60540VicePresident5.00$0
Shital Shah
23W278 Hampton CircleNapervilleIL60540Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$813,630AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$50,984AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$864,614TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$864,614AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,969CashDeemedCharitableAmt
Net Vl Noncharitable Assets$851,645NetVlNoncharitableAssetsAmt
Minimum Investment Return$42,582MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$42,582MinimumInvestmentReturnAmt
Tax Based On Investment Income$287TaxBasedOnInvestmentIncomeAmt
Total Tax$287TotalTaxAmt
Distributable Before Adj$42,295DistributableBeforeAdjAmt
Distributable Before Ded$42,295DistributableBeforeDedAmt
Distributable As Adjusted$42,295DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$38,458ExpensesAndContributionsAmt
Qualifying Distributions$38,458QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$42,295DistributableAsAdjustedAmt
Undistributed Income PY$37,884UndistributedIncomePYAmt
Qualifying Distributions$38,458QualifyingDistributionsAmt
Applied To Year1$37,884AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$574AppliedToCurrentYearAmt
Undistributed Income CY$41,721UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (12 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
Ekal Vidhyalaya Foundation of USA
4023 Westhallow PkwyHoustonTX77082Chairman of USA chapterPCEducation$10,000
Vaishnav Samaj of Midwest
440 W Fullerton AveAddisonIL60101NonePCReligious$7,604
India Development Service
525 Jackson BlvdOak ParkIL60304NonePCCharity$500
Manav Seva Mandir
101 S Church RdBensenvilleIL60106NonePCReligious$101
Hindu Temple of Greater Chicago
10915 Lemont RdLemontIL60439NonePCReligious$51
Akshay Patra USA
6800 Owensmouth Avenue Suite 230Canoga ParkCA91303NonePCGrant$5,000
VRAJ
51 Manor RdSchuylkill HavenPA17972NonePCReligious$151
Manav Sadhna
NoneGOVCharity$2,500Gandhi Ashram Hridya KunjAhmedabadGujaratIN380027
U S INDIAN COMMUNITY FOUNDATION
142 Fairfield Way Suite 303FBloomingdaleIL60108NonePCEducation$5,000
GOKULDHAM
2397 Satellite BlvdBufordGA30518NonePCReligious$51
BLIND FOUNDATION FOR INDIA
PO Box 3971NapervilleIL60567PCCharity$5,000
RURAL SOCIETY FOR EDUCATION WELFARE
1111 W El Camino Real 133-295SunnyvaleCA94087NonePCEducation$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$38,458TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,281RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,348RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$20,630RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$20,630TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$750Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemFidelity FundsCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$654,728BookValueAmt
EOYFMV$851,789EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
POSTAGE$3
Sec of State$10
SOS IL FEE /CHARITY BUREAU FEE$15

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