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KAMLESH & DINABEN SHAH FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
KAMLESH & DINABEN SHAH FOUNDATION INC (EIN 83-2585173)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-20
IRS object ID
202301109349100610
Schema version
2022v5.0
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)
Return2023-04-20T09:57:19-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN364132436PreparerFirmEIN

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 Begin2022-01-01TaxPeriodBeginDt

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
Signature2023-04-20SignatureDt
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)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$790,590FMVAssetsEOYAmt
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$11,846DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,846DividendsNetInvstIncmAmt
Dividends Adj Net Incm$11,846DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$16,843NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$694,630GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$16,843CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$16,843NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$28,689TotalRevAndExpnssAmt
Total Net Invst Incm$28,689TotalNetInvstIncmAmt
Total Adj Net Incm$28,689TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$750AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$3,106OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,566TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$71OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,493TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,961ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,961ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$31,454TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,961TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,765ExcessRevenueOverExpensesAmt
Net Investment Income$28,689NetInvestmentIncomeAmt
Adjusted Net Income$28,689AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$7,904CashEOYAmt
Cash EOYFMV$7,904CashEOYFMVAmt
Sav And Temp Cash Invst EOY$15,002SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$15,002SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$759,770OtherInvestmentsBOYAmt
Other Investments EOY$734,100OtherInvestmentsEOYAmt
Other Investments EOYFMV$767,684OtherInvestmentsEOYFMVAmt
Total Assets BOY$759,770TotalAssetsBOYAmt
Total Assets EOY$757,006TotalAssetsEOYAmt
Total Assets EOYFMV$790,590TotalAssetsEOYFMVAmt
Other Liabilities EOY$1OtherLiabilitiesEOYAmt
Total Liabilities EOY$1TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$759,770CapitalStockBOYAmt
Capital Stock EOY$757,005CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$759,770TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$757,005TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$759,770TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$757,006TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$759,770TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,765ExcessRevenueOverExpensesAmt
Subtotal$757,005SubtotalAmt
Tot Net Ast Or Fund Balances EOY$757,005TotNetAstOrFundBalancesEOYAmt

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
Fidelity 6745 LTP2022-01-012022-12-31$581,903$567,607$14,296$14,296
Fidelity 6745P2022-01-012022-12-31$112,727$110,180$2,547$2,547
FieldValueIRS element (for citing)
Capital Gain Net Income$16,843CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$16,843NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$399InvestmentIncomeExciseTaxAmt
Subtotal$399SubtotalAmt
Tax Based On Investment Income$399TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$520EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$520TotalPaymentsAndCreditsAmt
Overpayment$121OverpaymentAmt
Applied To ES Tax$121AppliedToESTaxAmt

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-CEO7.00$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$780,434AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$31,748AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$812,182TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$812,182AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,183CashDeemedCharitableAmt
Net Vl Noncharitable Assets$799,999NetVlNoncharitableAssetsAmt
Minimum Investment Return$40,000MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$40,000MinimumInvestmentReturnAmt
Tax Based On Investment Income$399TaxBasedOnInvestmentIncomeAmt
Total Tax$399TotalTaxAmt
Distributable Before Adj$39,601DistributableBeforeAdjAmt
Distributable Before Ded$39,601DistributableBeforeDedAmt
Distributable As Adjusted$39,601DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,961ExpensesAndContributionsAmt
Qualifying Distributions$25,961QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$39,601DistributableAsAdjustedAmt
Undistributed Income PY$24,244UndistributedIncomePYAmt
Qualifying Distributions$25,961QualifyingDistributionsAmt
Applied To Year1$24,244AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,717AppliedToCurrentYearAmt
Undistributed Income CY$37,884UndistributedIncomeCYAmt

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 PkwyHoustonTX77082NonePCEducation$1,500
Vaishnav Samaj of Midwest
440 W Fullerton AveAddisonIL60101NonePCReligious$3,556
India Development Service
525 Jackson BlvdOak ParkIL60304NonePCCharity$1,000
Manav Seva Mandir
101 S Church RdBensenvilleIL60106NonePCReligious$101
Hindu Temple of Greater Chicago
10915 Lemont RdLemontIL60439NonePCReligious$102
Akshay Patra USA
6800 Owensmouth Avenue Suite 230Canoga ParkCA91303NonePCGrant$5,000
VRAJ
51 Manor RdSchuylkill HavenPA17972NonePCReligious$51
BAPS
1851 S IL Route 59BartlettIL60103PCReligious$101
India Development and Relief Find I
5821 Mossrock DriveNorth BethesdaMD20852PCCharity$14,000
Gujarati Samaj Chicago
35 Olympic DriveSouth BarringtonIL60010PCDonation$550
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,961TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$11,846RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$16,843RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$28,689RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$28,689TotalIncomeProducingActyAmt

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$734,100BookValueAmt
EOYFMV$767,684EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
BANK FEES$20
POSTAGE$11
SOS IL FEE /CHARITY BUREAU FEE$40

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescRoundingDesc
EOY Book Value$1EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Mgmt FeesCategoryTxt
Amt$3,106Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
ACH IRS Payment $520+46$566
Debit IRS payment 5/18/22$1,000

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