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PATEL FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
PATEL FAMILY FOUNDATION (EIN 20-4933895)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-05-10
IRS object ID
202241309349102989
Schema version
2021v4.0
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)
Return2022-05-10T11:48:24-07:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-05-10SignatureDt
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

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)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,168,142FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$55,001ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$13,867InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13,867InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$529DividendsRevAndExpnssAmt
Dividends Net Invst Incm$529DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$5,383NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$899,324GrossSalesPriceAmt
Total Rev And Expnss$64,014TotalRevAndExpnssAmt
Total Net Invst Incm$14,396TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,602AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,602AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$3,869OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$3,869OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$25TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$25TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$57OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$57OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$7,553TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,869TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,684TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$173,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$173,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$181,053TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,869TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$177,184TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$117,039ExcessRevenueOverExpensesAmt
Net Investment Income$10,527NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$351,437CashBOYAmt
Cash EOY$124,097CashEOYAmt
Cash EOYFMV$124,097CashEOYFMVAmt
US Government Obligations BOY$929,776USGovernmentObligationsBOYAmt
US Government Obligations EOY$1,040,077USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$1,033,040USGovtObligationsEOYFMVAmt
Corporate Stock BOY$10,290CorporateStockBOYAmt
Corporate Stock EOY$10,290CorporateStockEOYAmt
Corporate Stock EOYFMV$11,005CorporateStockEOYFMVAmt
Total Assets BOY$1,291,503TotalAssetsBOYAmt
Total Assets EOY$1,174,464TotalAssetsEOYAmt
Total Assets EOYFMV$1,168,142TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,291,503NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$1,174,464NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,291,503TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,174,464TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,291,503TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,174,464TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,291,503TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$117,039ExcessRevenueOverExpensesAmt
Subtotal$1,174,464SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,174,464TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
100,000 FFCBP2021-07-212021-11-02$99,324$100,201-$877-$877
200,000 FFCBP2018-10-252021-04-05$200,000$198,156$1,844$1,844
200,000 FFCBP2018-10-252021-01-26$200,000$200,314-$314-$314
200,000 FHLBP2018-11-052021-06-11$200,000$203,112-$3,112-$3,112
200,000 FHLBP2018-11-052021-03-12$200,000$202,924-$2,924-$2,924
FieldValueIRS element (for citing)
Capital Gain Net Income-$5,383CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$146InvestmentIncomeExciseTaxAmt
Subtotal$146SubtotalAmt
Tax Based On Investment Income$146TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$312EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$312TotalPaymentsAndCreditsAmt
Overpayment$166OverpaymentAmt
Applied To ES Tax$166AppliedToESTaxAmt

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$686,664AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$506,652AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,193,316TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,193,316AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$17,900CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,175,416NetVlNoncharitableAssetsAmt
Minimum Investment Return$58,771MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$58,771MinimumInvestmentReturnAmt
Tax Based On Investment Income$146TaxBasedOnInvestmentIncomeAmt
Total Tax$146TotalTaxAmt
Distributable Before Adj$58,625DistributableBeforeAdjAmt
Distributable Before Ded$58,625DistributableBeforeDedAmt
Distributable As Adjusted$58,625DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$177,184ExpensesAndContributionsAmt
Qualifying Distributions$177,184QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$58,625DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$123,182ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$123,182TotalExcessDistributionCyovAmt
Qualifying Distributions$177,184QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$58,625AppliedToCurrentYearAmt
Remaining Distri From Corpus$118,559RemainingDistriFromCorpusAmt
Total Corpus$241,741TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$241,741ExcessDistriCyovToNextYrAmt
Excess From Year2$123,182ExcessFromYear2Amt
Excess From Current Year$118,559ExcessFromCurrentYearAmt

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 (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASHA FOR EDUCATION
PO BOX 322NEW YORKNY10040NoneN/AUnrestricted$2,000
HUMAN SERVICE FOUNDATION
4681 SETTING SUN DRIVEEL SOBRANTECA94803NoneN/AUnrestricted$5,000
MUNI SEVA CHARITABLE FOUNDATION
2001 TREMONT DRIVEDOVEROH44622NoneN/AUnrestricted$155,000
KQED
2601 MARIPOSA STREETSAN FRANCISCOCA94110NoneN/AUnrestricted$500
WORLD WIDELIFE FUND
1250 24TH STREET NWWASHINGTONDC20037NONEN/AUnrestricted$200
CALIFORNIA VIPASSANA CENTER
POBOX 1167NORTH FORKCA93643NONEN/AUnrestricted$500
WILKIMEDIA FOUNDATION
1 MONTGOMERY STREET SUITE 1600SAN FRANCISCOCA94104NoneN/AUnrestricted$50
CAMP KESEM
10586 WEST PICO BOULEVARD 196LOS ANGELESCA90064NoneN/AUnrestricted$250
AAPI
600 ENTERPRISE DRIVE SUITE 108OAK BROOKIL60523NoneN/AUnrestricted$5,000
SHREEMAY COMMUNITY SERVICES INC
390 S ABEL STREETMILPITASCA95035NoneN/AUnrestricted$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$173,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$13,867ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$529ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion-$5,383ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,013ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,013TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
RAJIV PUNJYA
127832 SHARON COURTTRACYCA95304$50,000Yes (X)
PRAVIN PUNJIYA
2783 QUAIL RUN CIRCLETRACYCA95377$5,001Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTINGCategoryTxt
Amt$3,602Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,602DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
100 COMCAST CORP$4,307$5,033
400 VODAFONE GROUP PLC$5,983$5,972

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$1,040,077USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$1,033,040USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING FEE$5$5
POSTAGE EXPENSE$52$52

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$3,869Amt
Net Investment Income$3,869NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategorySTATE FILING FEESCategoryTxt
Amt$25Amt
Disbursements Charitable Prps$25DisbursementsCharitablePrpsAmt

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