DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC (EIN 20-3916634)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2022-10-26
IRS object ID: 202232999349100208
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
Form 990-PF
Schedule B
Depreciation Schedule
Gain Loss Sale Other Assets Sch
Investments Other Schedule2
Land Etc Schedule2
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Liabilities Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-10-26T11:01:55-04:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	593592794	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GERALD L BIRCH CPA PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER ST STE 200	AddressLine1Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	203916634	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DRS KIRAN & PALLAVI PATEL	BusinessNameLine1Txt
Business Name Line2	FAMILY FOUNDATION INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	DRSK	BusinessNameControlTxt
Phone	8135066083	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET STE 200	AddressLine1Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PALLAVI C PATEL MD	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8135066083	PhoneNum
Signature	2022-10-26	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DR PALLAVI C	PersonFirstNm
Person Last	PATEL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GERALD L BIRCH	PreparerPersonNm
PTIN	P00290598	PTIN
Phone	8138308868	PhoneNum
Preparation	2022-10-26	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$52,530,383	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$7,453	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$122,797	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$53	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$122,797	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$25,372	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,013	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$25,372	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$16,869,856	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$51,844,737	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$11,614	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$1,291,756	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$1,291,756	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$18,317,234	TotalRevAndExpnssAmt
Total Net Invst Incm	$12,680	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,439,925	TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss	$58,319	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl	$58,319	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$8,569	TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl	$8,569	TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$55,062	DeprecAndDpltnRevAndExpnssAmt
Printing And Pub Rev And Expnss	$433	PrintingAndPubRevAndExpnssAmt
Printing And Pub Dsbrs Chrtbl	$433	PrintingAndPubDsbrsChrtblAmt
Other Expenses Rev And Expnss	$14,512	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$14,512	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$136,895	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$81,833	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$30,000	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$30,000	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$166,895	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$111,833	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$18,150,339	ExcessRevenueOverExpensesAmt
Net Investment Income	$12,680	NetInvestmentIncomeAmt
Adjusted Net Income	$1,439,925	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$461,276	CashBOYAmt
Cash EOY	$1,540,170	CashEOYAmt
Cash EOYFMV	$1,540,170	CashEOYFMVAmt
Other Investments BOY	$12,677,375	OtherInvestmentsBOYAmt
Other Investments EOY	$12,940,539	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$12,940,539	OtherInvestmentsEOYFMVAmt
Land BOY	$19,938,076	LandBOYAmt
Other Assets BOY	$19,406,523	OtherAssetsBOYAmt
Other Assets EOY	$38,049,674	OtherAssetsEOYAmt
Other Assets EOYFMV	$38,049,674	OtherAssetsEOYFMVAmt
Total Assets BOY	$52,483,250	TotalAssetsBOYAmt
Total Assets EOY	$52,530,383	TotalAssetsEOYAmt
Total Assets EOYFMV	$52,530,383	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$328	AccountsPayableBOYAmt
Other Liabilities BOY	$19,133,610	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$1,400,000	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$19,133,938	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,400,000	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$33,349,312	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$51,130,383	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$33,349,312	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$51,130,383	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$52,483,250	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$52,530,383	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$33,349,312	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$18,150,339	ExcessRevenueOverExpensesAmt
Other Increases	$27,458	OtherIncreasesAmt
Subtotal	$51,527,109	SubtotalAmt
Other Decreases	$396,726	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$51,130,383	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$11,614	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$176	InvestmentIncomeExciseTaxAmt
Subtotal	$176	SubtotalAmt
Tax Based On Investment Income	$176	TaxBasedOnInvestmentIncomeAmt
Tax Due	$176	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	KANDPHOLDINGS.COM	WebsiteAddressTxt
Individual With Books	BHARATI SHAH	IndividualWithBooksNm
Phone	8135941026	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET	AddressLine1Txt
Address Line2	SUITE 227	AddressLine2Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
PALLAVI C PATEL MD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	PRESIDENT	000.00	$0	$0	$0
SHILEN PATEL
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	V PRESIDENT	000.00	$0	$0	$0
KIRAN C PATEL MD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	SEC/TREAS	000.00	$0	$0	$0
SONALI JUDD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	TRUSTEE	000.00	$0	$0	$0
SHEETAL PATEL
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	TRUSTEE	000.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	HUMAN SERVICE TRUST ZAMBIA SEE WEBSITE FOR PROGRAM DETAILS	Description1Txt
Expenses1	$20,000	Expenses1Amt
Description2	CHINMAYA EDUCATION FOUNDATION INC SEE WEBSITE FOR PROGRAM DETAILS	Description2Txt
Expenses2	$10,000	Expenses2Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$0	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$0	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$0	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$0	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$0	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$0	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Tax Based On Investment Income	$176	TaxBasedOnInvestmentIncomeAmt
Total Tax	$176	TotalTaxAmt
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$111,833	ExpensesAndContributionsAmt
Qualifying Distributions	$111,833	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$4,923,151	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3	$6,696,120	ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov	$11,619,271	TotalExcessDistributionCyovAmt
Qualifying Distributions	$111,833	QualifyingDistributionsAmt
Remaining Distri From Corpus	$111,833	RemainingDistriFromCorpusAmt
Total Corpus	$11,731,104	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$4,923,151	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$6,807,953	ExcessDistriCyovToNextYrAmt
Excess From Year3	$6,696,120	ExcessFromYear3Amt
Excess From Current Year	$111,833	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	KIRAN C PATEL MD	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET	AddressLine1Txt
Address Line2	SUITE 227	AddressLine2Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8138068500	RecipientPhoneNum
Recipient Email Address	BHARATI@KANDPHOLDINGS.COM	RecipientEmailAddressTxt
Form And Info And Materials	NONE	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	Address Line2RecipientUSAddress/AddressLine2Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
HUMAN SERVICE TRUST ZAMBIA
5600 MARINER ST	STE 200	TAMPA	FL	33609	NONE	501(C)(3)	PROGRAMS	$20,000
CHINMAYA EDUCATION FOUNDATION INC
5206 GATEWAY CENTER	STE 100	FLINT	MI	48507	NONE	501(C)(3)	PROGRAMS	$10,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$30,000	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

Field	Value	IRS element (for citing)
Desc	CHARTER SCHOOL	Desc
Related Or Exempt Function Incm	$483,561	RelatedOrExemptFunctionIncmAmt

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Business	900099	BusinessCd
Unrelated Business Taxbl Incm	$122,744	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$53	RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Business	900099	BusinessCd
Unrelated Business Taxbl Incm	$24,359	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$1,013	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	900099	BusinessCd
Unrelated Business Taxbl Incm	$73,123	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$16,796,733	RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
OTHER REVENUE	$848,611
TIE TAMPA BAY ANGEL FUND		900099	$47,946
DFN ALPHA 90-10 FUND		900099	-$88,362

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$179,810	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$18,129,971	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$18,309,781	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	CONRIBUTIONS UNDER 5000	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER ST	AddressLine1Txt
Address Line2	STE 200	AddressLine2Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$7,453	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (12 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt
IDEAL NETWORK SOLUTIONS	2019-06-05	$27,500	$27,500	200DB	5.0000
VOLOGY INC	2019-06-21	$116,720	$116,720	200DB	5.0000
HERTZ FURNITURE - FF	2019-05-03	$31,903	$31,903	200DB	7.0000
COMPUTERS	2019-07-15	$132,756	$132,756	200DB	5.0000
VOLLEYBALL EQUIPMENT	2019-08-06	$84,085	$84,085	200DB	7.0000
INTELIGY TAMPA BAY	2019-07-05	$5,961	$5,961	200DB	7.0000
COLWILL ENGINEERING	2019-07-23	$11,170	$11,170	200DB	7.0000
KYOCERA	2019-09-03	$4,700	$4,700	200DB	7.0000
HERTZ FURNITURE	2019-09-10	$99,210	$99,210	200DB	5.0000
BUILDING	2020-03-31	$17,179,337	$568,974	S/L	39.0000	$55,062
LAND	2020-03-31	$2,938,249
MIDDLE SCHOOL WIP	2021-06-30	$15,481,332		S/L	39.0000

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDesc	How AcquiredHowAcquiredTxt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	BasisBasisAmt	Total NetTotalNetAmt	Accumulated DepreciationAccumulatedDepreciationAmt
TRANSFER TO 2017 GFU	PURCHASE	2021-08	$51,760,000	$36,112,923	$16,785,119	$1,138,042
900099			$73,123		$73,123

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
DFN MANAGEMENT LLC	AT COST	$11,803,113	$11,803,113
TIE TAMPA ANGEL FUND	AT COST	$902,201	$902,201
ACE INVESTMENTS	AT COST	$235,225	$235,225

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxt
DEPRECIABLE ASSETS
LAND

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACCRUED INTEREST RECEIVABLE	$1,262,496	$1,262,496	$1,262,496
OTHER RECEIVABLES	$54,972
CONSRTUCTION IN PROGRESS	$11,528,144
OTHER LONG TERM ASSETS	$6,560,911	$36,787,178	$36,787,178

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

DescDesc	AmtAmt
BOOK -> TAX GAIN	$359,763
PY FEDERAL TAX	$7,261
BOOK->TAX DEPRECIATION	$29,702

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
EXPENSES
ADVERTISING	$956	$956
BANK CHARGES	$605	$605
MEALS	$195	$195
POSTAGE	$1,179	$1,179
SECURITY	$1,372	$1,372
OTHER ADMINISTRATIVE EXPENSE	$10,205	$10,205

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
CHARTER SCHOOL	$483,561	$483,561
OTHER REVENUE	$848,611	$848,611
TIE TAMPA BAY ANGEL FUND	$47,946	$47,946
DFN ALPHA 90-10 FUND	-$88,362	-$88,362

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	ACE UNREALIZED GAINS - CY	Desc
Amt	$27,458	Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
LINE OF CREDIT	$18,233,610
DUE TO K&P COM MANAGEMENT LLC	$900,000
DFN ALPHA 90-10 LOAN		$1,400,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	CONSULTING	CategoryTxt
Amt	$58,319	Amt
Disbursements Charitable Prps	$58,319	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	TOTAL TAXES	CategoryTxt
Amt	$8,569	Amt
Disbursements Charitable Prps	$8,569	DisbursementsCharitablePrpsAmt

DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC: Form 990PF, tax year 2021

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Program Service Revenue Dtl ProgramServiceRevenueDtl

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (12 entries)

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (3 entries)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (3 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (7 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (4 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Comments