BETA

JETPURI FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
JETPURI FOUNDATION (EIN 84-6829062)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202403179349101415
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)
Return2024-11-11T13:23:45-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273482958PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SG INC CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1555 REPUBLIC DR SUITE 500AddressLine1Txt
CityPlanoCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75074ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN846829062EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JETPURI FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlJETPBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12331 W NORTHWEST HWY STE 200AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75220ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHAHID JETPURIPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone2142634483PhoneNum
Signature2024-10-29SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHWETA GARGPreparerPersonNm
PTINP01257688PTIN
Phone2143156392PhoneNum
Preparation2024-11-11PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,740,270FMVAssetsEOYAmt
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$132,161InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$132,161InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$935DividendsRevAndExpnssAmt
Dividends Net Invst Incm$935DividendsNetInvstIncmAmt
Total Rev And Expnss$133,096TotalRevAndExpnssAmt
Total Net Invst Incm$133,096TotalNetInvstIncmAmt
Taxes Rev And Expnss$2,561TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$12,620OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$15,181TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$64,645ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$64,645ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$79,826TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$64,645TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$53,270ExcessRevenueOverExpensesAmt
Net Investment Income$133,096NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$602,777CashBOYAmt
Cash EOY$525,729CashEOYAmt
Cash EOYFMV$525,729CashEOYFMVAmt
Rcvbl From Officers BOY$27,416RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$45,261RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$45,261RcvblFromOfficersEOYFMVAmt
Other Investments BOY$3,035,128OtherInvestmentsBOYAmt
Other Investments EOY$3,169,280OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,169,280OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,665,321TotalAssetsBOYAmt
Total Assets EOY$3,740,270TotalAssetsEOYAmt
Total Assets EOYFMV$3,740,270TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,665,321RetainedEarningBOYAmt
Retained Earning EOY$3,740,270RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,665,321TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,740,270TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,665,321TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,740,270TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,665,321TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$53,270ExcessRevenueOverExpensesAmt
Other Increases$21,679OtherIncreasesAmt
Subtotal$3,740,270SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,740,270TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,850InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$1,850SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$1,850TaxBasedOnInvestmentIncomeAmt
Tax Due$1,850TaxDueAmt

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 StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksSHAHID JETPURIIndividualWithBooksNm
Phone2142634483PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12331 W NORTHWEST HWY STE 200AddressLine1Txt
CityDallasCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75220ZIPCd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

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
SHAHID JETPURI
6602 SPRINGWOOD LANEGarlandTX75044TRUSTEE5.00$0$0$0
AISHA JETPURI
6602 SPRINGWOOD LANEGarlandTX75044TRUSTEE5.00$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

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$3,097,320AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$604,658AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,701,978TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$3,701,978AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$55,530CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,646,448NetVlNoncharitableAssetsAmt
Minimum Investment Return$182,322MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$182,322MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,850TaxBasedOnInvestmentIncomeAmt
Total Tax$1,850TotalTaxAmt
Distributable Before Adj$180,472DistributableBeforeAdjAmt
Distributable Before Ded$180,472DistributableBeforeDedAmt
Distributable As Adjusted$180,472DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$64,645ExpensesAndContributionsAmt
Qualifying Distributions$64,645QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$180,472DistributableAsAdjustedAmt
Undistributed Income PY$1,619UndistributedIncomePYAmt
Qualifying Distributions$64,645QualifyingDistributionsAmt
Applied To Year1$1,619AppliedToYear1Amt
Applied To Current Year$67,206AppliedToCurrentYearAmt
Undistributed Income CY$113,266UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MASJID MAKKAH IDEA
3301 W BUCKINGHAM RDGARLANDTX75042PCDONATION$46,800
THE CITIZENS FOUNDATION
2900 WILCREST DR STE 225HOUSTONTX77042PCDONATION$11,000
LEWIS FAMILY FOUNDATION
1600 FAIRWAY DRIVEGrapevineTX76051PCDONATION$535
DALLAS CHILDREN CHARITY
PO BOXDALLASTX753702256DONATION$5,000
TITHELY
901 WOODLAN ST SUITE 104NASHVILLETN37206DONATION$309
NASIM FOUNDATION
777 CENTRAL EXPY SUITE 1GRICHARDSONTX75080DONATION$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$64,644TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$132,161UnrelatedBusinessTaxblIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$935UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$133,096UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$133,096TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number03LineNumberTxt
Relationship StatementTAX-EXEMPT INTERESTRelationshipStatementTxt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMORGAN STANLEYCategoryOrItemTxt
Book Value$3,169,280BookValueAmt
EOYFMV$3,169,280EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
PENALTY$165$0$0$0
DONATION$1,000$0$0$0
CREDIT CARD PAYMENTS$11,455$0$0$0

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail (3 entries)

DescDescAmtAmt
Unrealized gain from Morgan Stanley$708
Accrued interest from Morgan Stanle$3,127
Donations made through credit card$17,844

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$2,561Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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