ANIL AND PRAGATI SHARMA FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ANIL AND PRAGATI SHARMA FAMILY FOUNDATION (EIN 81-4600520)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-11
IRS object ID
202443169349101609
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)
Return2024-11-11T08:25:08-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221913073PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DURITZA LOWE GLASSHEIM & YURSHA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11600 HWY 34AddressLine1Txt
CityNEPTUNECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07753ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814600520EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANIL AND PRAGATI SHARMA FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlANILBusinessNameControlTxt
Phone7322809060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S POINTE DRIVE 1402AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIL SHARMAPersonNm
Person TitlePresidentPersonTitleTxt
Phone7324473019PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS M DURITZA CPAPreparerPersonNm
PTINP00046764PTIN
Phone7322809060PhoneNum
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$16,143,257FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,025,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$395,378InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$395,378InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$112,727DividendsRevAndExpnssAmt
Dividends Net Invst Incm$112,727DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$4,954,725NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,704,973GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,954,725CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$8,487,830TotalRevAndExpnssAmt
Total Net Invst Incm$5,462,830TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$7,390AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$7,390AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$11,433OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$11,433OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,823TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,823TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$145,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$145,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$163,923TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,823TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$145,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$8,323,907ExcessRevenueOverExpensesAmt
Net Investment Income$5,444,007NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,699,616CashBOYAmt
Cash EOY$12,735,994CashEOYAmt
Cash EOYFMV$12,735,994CashEOYFMVAmt
Corporate Stock BOY$6,139,710CorporateStockBOYAmt
Corporate Stock EOY$7,675,155CorporateStockEOYAmt
Corporate Stock EOYFMV$3,407,263CorporateStockEOYFMVAmt
Total Assets BOY$13,839,326TotalAssetsBOYAmt
Total Assets EOY$20,411,149TotalAssetsEOYAmt
Total Assets EOYFMV$16,143,257TotalAssetsEOYFMVAmt
Other Liabilities BOY$8,764,168OtherLiabilitiesBOYAmt
Other Liabilities EOY$7,012,084OtherLiabilitiesEOYAmt
Total Liabilities BOY$8,764,168TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,012,084TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$5,075,158RetainedEarningBOYAmt
Retained Earning EOY$13,399,065RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$5,075,158TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$13,399,065TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$13,839,326TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,411,149TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,075,158TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$8,323,907ExcessRevenueOverExpensesAmt
Subtotal$13,399,065SubtotalAmt
Tot Net Ast Or Fund Balances EOY$13,399,065TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
INTERACTIVE BROKERS - EQ & IND OPTIONSP2023-01-012023-12-31$12,265,483$7,528,727$4,736,756$4,736,756
INTERACTIVE BROKERS - EQ & IND OPTIONS-2P2023-01-012023-12-31$439,490$221,521$217,969$217,969
FieldValueIRS element (for citing)
Capital Gain Net Income$4,954,725CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$75,672InvestmentIncomeExciseTaxAmt
Subtotal$75,672SubtotalAmt
Tax Based On Investment Income$75,672TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$4,108EsPenaltyAmt
Tax Due$79,780TaxDueAmt
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
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 Line1ANIL SHARMABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7322809060PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH POINTE ROAD APT 1402AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12022UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ANIL SHARMA
300 S POINTE DR APT 1402MIAMI BEACHFL331397329President1.00$0
PRAGATI SHARMA
300 S POINTE DR APT 1402MIAMI BEACHFL331397329Secretary1.00$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$936,106AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,981,483AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$9,917,589TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$9,917,589AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$148,764CashDeemedCharitableAmt
Net Vl Noncharitable Assets$9,768,825NetVlNoncharitableAssetsAmt
Minimum Investment Return$488,441MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$488,441MinimumInvestmentReturnAmt
Tax Based On Investment Income$75,672TaxBasedOnInvestmentIncomeAmt
Total Tax$75,672TotalTaxAmt
Distributable Before Adj$412,769DistributableBeforeAdjAmt
Distributable Before Ded$412,769DistributableBeforeDedAmt
Distributable As Adjusted$412,769DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$145,100ExpensesAndContributionsAmt
Qualifying Distributions$145,100QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$412,769DistributableAsAdjustedAmt
Undistributed Income PY$148,051UndistributedIncomePYAmt
Qualifying Distributions$145,100QualifyingDistributionsAmt
Applied To Year1$145,100AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Taxable2$2,951Taxable2Amt
Undistributed Income CY$412,769UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
MONMOUTH MED CTR FOUNDATION
300 2ND AVENUELONG BRANCHNJ07740N/AGENERAL & UNRESTRICTED$10,000
SOCIETY FOR MEDICAL EDUCATION
300 S POINTE DRIVE APT 1402MIAMI BEACHFL33139N/AGENERAL & UNRESTRICTED$100,000
ARJUN SHARMA
3219 WINTER STREETPHILADELPHIAPA19104N/AFELLOWSHIP GRANT$25,000
PROJECT WRITING
68 WHITE STREETRED BANKNJ07701N/AGENERAL & UNRESTRICTED$100
ASPN AMERICAN SOCIERTY OF PAIN
400 COURT STREETCHARLESTONWV25301N/AGENERAL & UNRESTRICTED$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$145,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$395,378ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$112,727ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$4,954,725RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescSUBSTITUTE PAYMENTS LIEUDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$508,105ExclusionAmt
Related Or Exempt Function Incm$4,954,725RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,462,830TotalIncomeProducingActyAmt

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$7,390Amt
Net Investment Income$7,390NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$68$68
EVENTS EXPENSE$10,224$10,224
OTHER FEES- (1141 + 3006)$1,141$1,141

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
OUTSTANDING OPTIONS$8,764,168$4,397,717
OUTSTANDING OPTIONS -2$175,909
$2,438,458

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.