HYOJIN KIM NIRAV PATEL FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
HYOJIN KIM NIRAV PATEL FOUNDATION INC (EIN 83-2573248)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-07-01
IRS object ID
202421839349101202
Schema version
2023v5.1
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)
Return2024-07-01T12:44:33-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271180831PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cerity PartnersBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line199 Park Avenue 16 FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN832573248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Hyojin Kim Nirav Patel FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHYOJBusinessNameControlTxt
Phone2128504243PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11120 S Van Ness AveAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94110ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNirav PatelPersonNm
Person TitlePresidentPersonTitleTxt
Phone2128504243PhoneNum
Signature2024-02-22SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstNiravPersonFirstNm
Person LastPatelPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSean MoorePreparerPersonNm
PTINP01252049PTIN
Preparation2024-07-01PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
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$1,485,269FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$36,603DividendsRevAndExpnssAmt
Dividends Net Invst Incm$36,606DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$18,903CapGainNetIncmNetInvstIncmAmt
Gross Profit Rev And Expnss$0GrossProfitRevAndExpnssAmt
Other Income Rev And Expnss$0OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$36,603TotalRevAndExpnssAmt
Total Net Invst Incm$55,509TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$0LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$0AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$0OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,251TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,251TaxesNetInvstIncmAmt
Deprec And Dpltn Rev And Expnss$0DeprecAndDpltnRevAndExpnssAmt
Other Expenses Rev And Expnss$0OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,251TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,251TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$73,543ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$73,543ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$74,794TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,251TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$73,543TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$38,191ExcessRevenueOverExpensesAmt
Net Investment Income$54,258NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$34,374SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$55,459SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$55,459SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers EOY$0RcvblFromOfficersEOYAmt
Other Nts And Loans Rcvbl EOY$0OtherNtsAndLoansRcvblEOYAmt
Corporate Stock BOY$1,253,099CorporateStockBOYAmt
Corporate Stock EOY$1,429,810CorporateStockEOYAmt
Corporate Stock EOYFMV$1,429,810CorporateStockEOYFMVAmt
Land Bldg Investments EOY$0LandBldgInvestmentsEOYAmt
Other Investments EOY$0OtherInvestmentsEOYAmt
Land EOY$0LandEOYAmt
Other Assets BOY$0OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$1,287,473TotalAssetsBOYAmt
Total Assets EOY$1,485,269TotalAssetsEOYAmt
Total Assets EOYFMV$1,485,269TotalAssetsEOYFMVAmt
Loans From Officers EOY$0LoansFromOfficersEOYAmt
Mortgages And Notes Payable EOY$0MortgagesAndNotesPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$0OtherLiabilitiesEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,287,473CapitalStockBOYAmt
Capital Stock EOY$1,485,269CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,287,473TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,485,269TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,287,473TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,485,269TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,287,473TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$38,191ExcessRevenueOverExpensesAmt
Other Increases$235,987OtherIncreasesAmt
Subtotal$1,485,269SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,485,269TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity 7279 LT Covered (see attached 1099)PropertyDesc
How AcquiredPHowAcquiredCd
Acquired2022-01-01AcquiredDt
Sold2023-12-31SoldDt
Gross Sales Price$169,313GrossSalesPriceAmt
Depreciation$0DepreciationAmt
Cost Or Other Basis$150,410CostOrOtherBasisAmt
Gain Or Loss$18,903GainOrLossAmt
FMV As Of123169$0FMVAsOf123169Amt
Adjusted Basis As Of123169$0AdjustedBasisAsOf123169Amt
Excess FMV Over Adjusted Bss$0ExcessFMVOverAdjustedBssAmt
Gains Minus Excess Or Losses$18,903GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$18,903CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$754InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$754SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$754TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,630ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,630TotalPaymentsAndCreditsAmt
Original Return Overpayment-$1,630OriginalReturnOverpaymentAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$23EsPenaltyAmt
Overpayment$853OverpaymentAmt
Applied To ES Tax$853AppliedToESTaxAmt

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 StateCAOrgReportOrRegisterStateCd
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 Addresshknpfoundation.orgWebsiteAddressTxt
Individual With BooksNirav PatelIndividualWithBooksNm
Phone2128504243PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11120 S Van Ness AveAddressLine1Txt
CitySan FranciscoCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94410ZIPCd
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
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Nirav Patel
1120 S Van Ness AvenueSan FranciscoCA94110President1.00$0$0$0
Hyojin Kim
1120 S Van Ness AvenueSan FranciscoCA94110Vice President1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,351,408AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$60,409AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,411,817TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,411,817AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$21,177CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,390,640NetVlNoncharitableAssetsAmt
Minimum Investment Return$69,532MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$69,532MinimumInvestmentReturnAmt
Tax Based On Investment Income$754TaxBasedOnInvestmentIncomeAmt
Total Tax$754TotalTaxAmt
Distributable Before Adj$68,778DistributableBeforeAdjAmt
Distributable Before Ded$68,778DistributableBeforeDedAmt
Distributable As Adjusted$68,778DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$73,543ExpensesAndContributionsAmt
Qualifying Distributions$73,543QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$68,778DistributableAsAdjustedAmt
Undistributed Income PY$69,367UndistributedIncomePYAmt
Excess Distribution Cyov Yr5$0ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$0ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$0ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$0ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$0ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$73,543QualifyingDistributionsAmt
Applied To Year1$69,367AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$4,176AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$64,602UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Year4$0ExcessFromYear4Amt
Excess From Year3$0ExcessFromYear3Amt
Excess From Year2$0ExcessFromYear2Amt
Excess From Year1$0ExcessFromYear1Amt
Excess From Current Year$0ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASIAN WOMEN'S SHELTER
3543 18TH STREET 19SAN FRANCISCOCA94110501(c)(3)Donation$6,250
GOOD NEIGHBORS USA
131 NORTH TUSTIN AVE SUITE 204TUSTINCA92780501(c)(3)Donation$10,245
COMPUTER HISTORY MUSEUM
1401 NORTH SHORELINE BLVDMOUNTAIN VIEWCA94043501(c)(3)Donation$2,048
WORLD FORGOTTEN CHILDREN FOUNDATION
701 E CHOCOLATE AVE SUITE 200HERSHEYPA17033501(c)(3)Donation$5,000
SIMPLE STEPS COMMUNITY
265 CAMBRIDGE AVE UNIT 60307PALO ALTOCA943065702501(c)(3)Donation$5,000
UNICEF USA
125 MAIDEN LANENew YorkNY10038501(c)(3)Donation$10,000
LIBERTY IN NORTH KOREA FOUNDATION
115 PINE AVE SUITE 210LONG BEACHCA90802501(c)(3)Donation$5,000
SMART (SCHOOLS MENTORING & RESOURCE)
1061 MARKET STREET MEZZANINESAN FRANCISCOCA94103501(C)(3)Donation$5,000
AMENSTY INTERNATIONAL
311 WEST 43RD ST FL 7NEW YORKNY10036501(C)(3)Donation$5,000
WORLD FOOD PROGRAM USA
1750 H ST NW SUITE 500WASHINGTONDC20006501(C)(3)Donation$10,000
DOCTORS WITHOUT BORDERS USA
40 RECTOR ST FL 16NEW YORKNY10006501(C)(3)Donation$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$73,543TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$36,603ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$36,603ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$36,603TotalIncomeProducingActyAmt

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

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescINCREASE IN MARKET VALUE OF SECURITIESDesc
Amt$235,987Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
Foreign Tax Paid$796$796
Tax Paid$455$455

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