AMAR KARTAR FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
AMAR KARTAR FOUNDATION INC (EIN 20-0456831)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-09
IRS object ID
202241299349103369
Schema version
2021v4.2
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)
Return2022-05-09T14:45:09-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bull Shams-Azar Larkin & Cohen PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110411 Motor City Drive Suite 360AddressLine1Txt
CityBethesdaCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20817ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200456831EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Amar Kartar FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% SATWINDER SIDHUInCareOfNm
Business Name ControlAMARBusinessNameControlTxt
Phone3019832529PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110500 Bit and Spur LaneAddressLine1Txt
CityPotomacCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSatwinder SidhuPersonNm
Person TitlePresidentPersonTitleTxt
Phone3019832529PhoneNum
Signature2022-05-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSatwinderPersonFirstNm
Person LastSidhuPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonStephen L CohenPreparerPersonNm
PTINP00105039PTIN
Phone3016106363PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$469,016FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$8,651DividendsRevAndExpnssAmt
Dividends Net Invst Incm$8,651DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$5,691NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$25,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$5,691CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$14,342TotalRevAndExpnssAmt
Total Net Invst Incm$14,342TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss$391OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$391OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$391TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$391TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,300ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,300ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,691TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$391TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,300TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,349ExcessRevenueOverExpensesAmt
Net Investment Income$13,951NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$889CashBOYAmt
Cash EOY$8,589CashEOYAmt
Cash EOYFMV$8,589CashEOYFMVAmt
Corporate Stock BOY$316,595CorporateStockBOYAmt
Corporate Stock EOY$302,546CorporateStockEOYAmt
Corporate Stock EOYFMV$460,427CorporateStockEOYFMVAmt
Total Assets BOY$317,484TotalAssetsBOYAmt
Total Assets EOY$311,135TotalAssetsEOYAmt
Total Assets EOYFMV$469,016TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$317,484RetainedEarningBOYAmt
Retained Earning EOY$311,135RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$317,484TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$311,135TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$317,484TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$311,135TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$317,484TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,349ExcessRevenueOverExpensesAmt
Subtotal$311,135SubtotalAmt
Tot Net Ast Or Fund Balances EOY$311,135TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCd
1291.135 SH BLACKROCK LOW DURA2013-08-202021-11-16$12,500$12,531-$31-$31
1269.034 SH PIMCO LOW DURATION2013-08-202021-11-16$12,500$12,888-$388-$388
CAPITAL GAIN DIVIDENDS$6,110P
CAPITAL GAIN DIVIDENDS$6,110P
FieldValueIRS element (for citing)
Capital Gain Net Income$5,691CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$194InvestmentIncomeExciseTaxAmt
Subtotal$194SubtotalAmt
Tax Based On Investment Income$194TaxBasedOnInvestmentIncomeAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Tax Due$194TaxDueAmt

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 StateMDOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1SATWINDER SIDHUBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3019832529PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line110500 BIT AND SPUR LANEAddressLine1Txt
CityPotomacCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Satwinder K Sidhu
10500 Bit and Spur LanePotomacMD20854President0$0$0$0
Dawinder S Sidhu
10500 Bit and Spur LanePotomacMD2085400$0$0$0
Patwinder S Sidhu
10500 Bit and Spur LanePotomacMD2085400$0$0$0
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$440,529AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$4,739AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$445,268TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$445,268AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,679CashDeemedCharitableAmt
Net Vl Noncharitable Assets$438,589NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,929MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,929MinimumInvestmentReturnAmt
Tax Based On Investment Income$194TaxBasedOnInvestmentIncomeAmt
Total Tax$194TotalTaxAmt
Distributable Before Adj$21,735DistributableBeforeAdjAmt
Distributable Before Ded$21,735DistributableBeforeDedAmt
Distributable As Adjusted$21,735DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,300ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$20,300QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,735DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Prior Year12019PriorYear1Yr
Prior Year22018PriorYear2Yr
Prior Year32017PriorYear3Yr
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$371ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$1,444ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$1,815TotalExcessDistributionCyovAmt
Qualifying Distributions$20,300QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Current Year$20,300AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$1,435ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$1,435ExcessDistributionCyovAppCYAmt
Total Corpus$380TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$380ExcessDistriCyovToNextYrAmt
Excess From Year2$380ExcessFromYear2Amt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Charities Aid Foundation of America
225 Reinekers Lane Suite 275AlexandriaVA22314nonePCEducation$15,000
Brahma Kumaris
9525 Georgia AvenueSilver SpringMD20910nonePCDonation$2,100
SIKH Human Development Foundation
15129 Winesap DriveNorth PotomacMD20878nonePCDonation$1,000
Guru Nanak Foundation of America
12917 Old Columbia PikeSilver SpringMD20904nonePCDonation$2,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,300TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp
Int On Sav And Temp Cash InvstIntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,651ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$5,691ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$14,342ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,342TotalIncomeProducingActyAmt

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

Depreciation Schedule DepreciationSchedule

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockMUTUAL FUNDSStockNm
EOY Book Value$302,546EOYBookValueAmt
EOYFMV$460,427EOYFMVAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT FEESCategoryTxt
Amt$391Amt
Net Investment Income$391NetInvestmentIncomeAmt

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