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PATEL FAMILY FOUNDATION: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PATEL FAMILY FOUNDATION (EIN 20-4933895)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-05-12
IRS object ID
202311329349102586
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)
Return2023-05-12T11:54:07-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN942425083PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LITTLE & COMPANY CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11294 KIFER RD STE 708AddressLine1Txt
CitySUNNYVALECityNm
State AbbreviationCAStateAbbreviationCd
ZIP94086ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN204933895EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PATEL FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPATEBusinessNameControlTxt
Phone6504280817PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11404 OAK AVEAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSAMIR PATELPersonNm
Person TitleSecretaryPersonTitleTxt
Signature2023-05-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSAMIRPersonFirstNm
Person LastPATELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHARLES COSSMONPreparerPersonNm
PTINP00042018PTIN
Phone4082453921PhoneNum

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$1,018,397FMVAssetsEOYAmt
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$11,949InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11,949InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$491DividendsRevAndExpnssAmt
Dividends Net Invst Incm$491DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$2,805NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$174,238GrossSalesPriceAmt
Other Income Rev And Expnss$262OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$262OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$9,897TotalRevAndExpnssAmt
Total Net Invst Incm$12,702TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,014AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$4,014AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$3,644OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,644OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$50TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$397OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$397OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$8,105TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,644TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,461TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$114,603ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$114,603ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$122,708TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,644TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$119,064TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$112,811ExcessRevenueOverExpensesAmt
Net Investment Income$9,058NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$124,097CashBOYAmt
Cash EOY$42,814CashEOYAmt
Cash EOYFMV$42,814CashEOYFMVAmt
US Government Obligations BOY$1,040,077USGovernmentObligationsBOYAmt
US Government Obligations EOY$1,008,548USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$968,038USGovtObligationsEOYFMVAmt
Corporate Stock BOY$10,290CorporateStockBOYAmt
Corporate Stock EOY$10,290CorporateStockEOYAmt
Corporate Stock EOYFMV$7,545CorporateStockEOYFMVAmt
Total Assets BOY$1,174,464TotalAssetsBOYAmt
Total Assets EOY$1,061,652TotalAssetsEOYAmt
Total Assets EOYFMV$1,018,397TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,174,464NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,061,652NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,174,464TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,061,652TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,174,464TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,061,652TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,174,464TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$112,811ExcessRevenueOverExpensesAmt
Subtotal$1,061,653SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$1,061,652TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
50,000 US TREASURY NOTE 2125 24MH31P2021-11-032022-08-04$49,238$51,773-$2,535-$2,535
75,000 FFCBP2020-04-232022-04-27$75,000$74,936$64$64
50,000 US TREASURY NOTE 1875 22MH31P2020-01-152022-03-31$50,000$50,334-$334-$334
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,805CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$126InvestmentIncomeExciseTaxAmt
Subtotal$126SubtotalAmt
Tax Based On Investment Income$126TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$166EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$166TotalPaymentsAndCreditsAmt
Overpayment$40OverpaymentAmt
Applied To ES Tax$40AppliedToESTaxAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
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 Line1SAMIR PATELBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6504280817PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11404 OAK AVENUEAddressLine1Txt
CityLOS ALTOSCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94024ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SAMIR A PATEL
1404 OAK AVELOS ALTOSCA94024Secretary0.00$0
KSHIPRA S PATEL
1404 OAK AVELOS ALTOSCA94024President0.00$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$996,492AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$104,160AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,100,652TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,100,652AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$16,510CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,084,142NetVlNoncharitableAssetsAmt
Minimum Investment Return$54,207MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$54,207MinimumInvestmentReturnAmt
Tax Based On Investment Income$126TaxBasedOnInvestmentIncomeAmt
Total Tax$126TotalTaxAmt
Distributable Before Adj$54,081DistributableBeforeAdjAmt
Distributable Before Ded$54,081DistributableBeforeDedAmt
Distributable As Adjusted$54,081DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$119,064ExpensesAndContributionsAmt
Qualifying Distributions$119,064QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$54,081DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$123,182ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$118,559ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$241,741TotalExcessDistributionCyovAmt
Qualifying Distributions$119,064QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$54,081AppliedToCurrentYearAmt
Remaining Distri From Corpus$64,983RemainingDistriFromCorpusAmt
Total Corpus$306,724TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$306,724ExcessDistriCyovToNextYrAmt
Excess From Year3$123,182ExcessFromYear3Amt
Excess From Year1$118,559ExcessFromYear1Amt
Excess From Current Year$64,983ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSAMIR A PATELContributingManagerNm
Contributing ManagerKSHIPRA S PATELContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PRATHAM
5890 POINT WEST DRIVEHOUSTONTX77036NoneN/AUnrestricted$5,001
HUMAN SERVICE FOUNDATION
4681 SETTING SUN DRIVEEL SOBRANTECA94803NoneN/AUnrestricted$5,001
MUNI SEVA CHARITABLE FOUNDATION
2001 TREMONT DRIVEDOVEROH44622NoneN/AUnrestricted$101,000
CALIFORNIA VIPASSANA CENTER
POBOX 1167NORTH FORKCA93643NONEN/AUnrestricted$2,501
HOPE WORLDWIDE LTD
4231 BALBOA AVE 330SAN DIEGOCA92117NoneN/AUnrestricted$100
A FUTURE FOR EVERY CHILD
1360 LA BELLA AVESUNNYVALECA94087NoneN/AUnrestricted$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$114,603TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$11,949ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$491ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$262ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion-$2,805ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,897ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,897TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$4,014Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$4,014DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
100 COMCAST CORP$4,307$3,497
400 VODAFONE GROUP PLC$5,983$4,048

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$1,008,548USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$968,038USGovtObligationsEOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescroundingDesc
Amt$1Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING FEE$25$25
SPECIAL EVENT EXPENSE$372$372

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescOther Investment IncomeDesc
Revenue And Expenses Per Books$262RevenueAndExpensesPerBooksAmt
Net Investment Income$262NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$3,644Amt
Net Investment Income$3,644NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE FILING FEESCategoryTxt
Amt$50Amt
Disbursements Charitable Prps$50DisbursementsCharitablePrpsAmt

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