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KAMLESH & DINABEN SHAH FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
KAMLESH & DINABEN SHAH FOUNDATION INC (EIN 83-2585173)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-05
IRS object ID
202501259349102295
Schema version
2024v5.1
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)
Return2025-05-05T19:11:27-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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
Signature2025-05-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVarsha PancholiPreparerPersonNm
PTINP00370206PTIN
Phone6305483780PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,401,687FMVAssetsEOYAmt
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$5InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$5InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$5InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$24,718DividendsRevAndExpnssAmt
Dividends Net Invst Incm$24,718DividendsNetInvstIncmAmt
Dividends Adj Net Incm$24,718DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$34,992NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$100,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$34,992CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$34,992NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$59,715TotalRevAndExpnssAmt
Total Net Invst Incm$59,715TotalNetInvstIncmAmt
Total Adj Net Incm$59,715TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$750AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$213OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$963TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$46,932ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,932ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$47,895TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,932TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$11,820ExcessRevenueOverExpensesAmt
Net Investment Income$59,715NetInvestmentIncomeAmt
Adjusted Net Income$59,715AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$80,819CashBOYAmt
Cash EOY$32,939CashEOYAmt
Cash EOYFMV$32,939CashEOYFMVAmt
Sav And Temp Cash Invst BOY$5,002SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$54,993SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$54,993SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$654,728OtherInvestmentsBOYAmt
Other Investments EOY$962,289OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,313,755OtherInvestmentsEOYFMVAmt
Total Assets BOY$740,549TotalAssetsBOYAmt
Total Assets EOY$1,050,221TotalAssetsEOYAmt
Total Assets EOYFMV$1,401,687TotalAssetsEOYFMVAmt
Loans From Officers BOY$2,150LoansFromOfficersBOYAmt
Other Liabilities EOY$2OtherLiabilitiesEOYAmt
Total Liabilities BOY$2,150TotalLiabilitiesBOYAmt
Total Liabilities EOY$2TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$738,399CapitalStockBOYAmt
Capital Stock EOY$1,050,219CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$738,399TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,050,219TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$740,549TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,050,221TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$738,399TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$11,820ExcessRevenueOverExpensesAmt
Other Increases$300,000OtherIncreasesAmt
Subtotal$1,050,219SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,050,219TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFidelity -2110LTPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2024-01-01AcquiredDt
Sold2024-12-31SoldDt
Gross Sales Price$100,000GrossSalesPriceAmt
Cost Or Other Basis$65,008CostOrOtherBasisAmt
Gain Or Loss$34,992GainOrLossAmt
Gains Minus Excess Or Losses$34,992GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$34,992CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$34,992NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$830InvestmentIncomeExciseTaxAmt
Subtotal$830SubtotalAmt
Tax Based On Investment Income$830TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$14EsPenaltyAmt
Tax Due$844TaxDueAmt
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$1,190,585AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$123,690AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,314,275TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,314,275AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,714CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,294,561NetVlNoncharitableAssetsAmt
Minimum Investment Return$64,728MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$64,728MinimumInvestmentReturnAmt
Tax Based On Investment Income$830TaxBasedOnInvestmentIncomeAmt
Total Tax$830TotalTaxAmt
Distributable Before Adj$63,898DistributableBeforeAdjAmt
Distributable Before Ded$63,898DistributableBeforeDedAmt
Distributable As Adjusted$63,898DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,932ExpensesAndContributionsAmt
Qualifying Distributions$46,932QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$63,898DistributableAsAdjustedAmt
Undistributed Income PY$41,721UndistributedIncomePYAmt
Qualifying Distributions$46,932QualifyingDistributionsAmt
Applied To Year1$41,721AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$5,211AppliedToCurrentYearAmt
Undistributed Income CY$58,687UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Ekal Vidhyalaya Foundation of USA
4023 Westhallow PkwyHoustonTX77082Chairman of USA chapterPCEducation$30,000
Vaishnav Samaj of Midwest
440 W Fullerton AveAddisonIL60101TrusteePCReligious$577
Manav Seva Mandir
101 S Church RdBensenvilleIL60106NonePCReligious$101
Hindu Temple of Greater Chicago
10915 Lemont RdLemontIL60439NonePCReligious$800
Shree Jalaram Mandir
425 Illinois BlvdHoffman EstatesIL60169NonePCReligious$51
VRAJ
51 Manor RdSchuylkill HavenPA17972NonePCReligious$101
Manav Sadhna
1916 Pastoral LaneHanover ParkIL60133NonePCEducational & Health$15,000
BAPS
1851 S IL Route 59BartlettIL60103NonePCReligious$101
Alive Center NFP
500 W 5th AveNapervilleIL60563NonePCEducation$101
QGV Pulmonary Fibrosis
230 East Ohio Street Suite 500ChicagoIL60611NonePCHealth$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,932TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,718RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34,992RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$59,715RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$59,715TotalIncomeProducingActyAmt

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)
CategoryAccounting FeesCategoryTxt
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$962,289BookValueAmt
EOYFMV$1,313,755EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
IRS Tax$166
POSTAGE$7
Sec of State$10
SOS IL FEE /CHARITY BUREAU FEE$15
Wire fee$15

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescOther increaseDesc
Amt$300,000Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$2EOYBookValueAmt

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