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ANIL AND PRAGATI SHARMA FAMILY FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ANIL AND PRAGATI SHARMA FAMILY FOUNDATION (EIN 81-4600520)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202233199349101918
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)
Return2022-11-15T07:08:20-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221913073PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DURITZA LOWE GLASSHEIM & YURSHA PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11600 HWY 34AddressLine1Txt
CityNEPTUNECityNm
State AbbreviationNJStateAbbreviationCd
ZIP07753ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814600520EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANIL AND PRAGATI SHARMA FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlANILBusinessNameControlTxt
Phone7322809060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 S POINTE DRIVE 1402AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIL SHARMAPersonNm
Person TitlePresidentPersonTitleTxt
Phone7322809060PhoneNum
Signature2022-11-15SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstANILPersonFirstNm
Person LastSHARMAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS M DURITZA CPAPreparerPersonNm
PTINP00046764PTIN
Phone7322809060PhoneNum

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)
Amended ReturnYes (X)AmendedReturnInd
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$8,311,382FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,000,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$209InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$209InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$77,941DividendsRevAndExpnssAmt
Dividends Net Invst Incm$77,941DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,180,100NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$12,343,252GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,180,100CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,258,250TotalRevAndExpnssAmt
Total Net Invst Incm$2,258,250TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,985AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,985AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$2,451OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,451OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss$39InterestRevAndExpnssAmt
Interest Net Invst Incm$39InterestNetInvstIncmAmt
Taxes Rev And Expnss$2,912TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$6,131OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,466OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$140OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$15,518TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,956TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$4,125TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$261,250ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$261,250ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$276,768TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,956TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$265,375TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,981,482ExcessRevenueOverExpensesAmt
Net Investment Income$2,250,294NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$207,405CashBOYAmt
Cash EOY$5,302,329CashEOYAmt
Cash EOYFMV$5,302,330CashEOYFMVAmt
Corporate Stock BOY$4,098,117CorporateStockBOYAmt
Corporate Stock EOY$4,832,172CorporateStockEOYAmt
Corporate Stock EOYFMV$3,009,052CorporateStockEOYFMVAmt
Total Assets BOY$4,305,522TotalAssetsBOYAmt
Total Assets EOY$10,134,501TotalAssetsEOYAmt
Total Assets EOYFMV$8,311,382TotalAssetsEOYFMVAmt
Other Liabilities BOY$1,527,502OtherLiabilitiesBOYAmt
Other Liabilities EOY$2,374,999OtherLiabilitiesEOYAmt
Total Liabilities BOY$1,527,502TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,374,999TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,778,020RetainedEarningBOYAmt
Retained Earning EOY$7,759,502RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,778,020TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$7,759,502TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,305,522TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$10,134,501TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,778,020TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,981,482ExcessRevenueOverExpensesAmt
Subtotal$7,759,502SubtotalAmt
Tot Net Ast Or Fund Balances EOY$7,759,502TotNetAstOrFundBalancesEOYAmt

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
INTERACTIVE BROKERS - COVERED STP2020-01-012020-12-31$4,609,526$3,668,126$941,400$941,400
INTERACTIVE BROKERS - COVERED LTP2015-01-012021-12-31$96,624$48,742$47,882$47,882
INTERACTIVE BROKERS - EQ & IND OPTIONSP2021-01-012021-12-31$7,637,102$6,446,284$1,190,818$1,190,818
FieldValueIRS element (for citing)
Capital Gain Net Income$2,180,100CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$31,279InvestmentIncomeExciseTaxAmt
Subtotal$31,279SubtotalAmt
Tax Based On Investment Income$31,279TaxBasedOnInvestmentIncomeAmt
Tax Due$31,279TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
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 Line1ANIL SHARMABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7322809060PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH POINTE ROADAddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
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
ANIL SHARMA
300 S POINTE DR APT 2104MIAMI BEACHFL331397329President1.00$0
PRAGATI SHARMA
300 SOUTH POINTE ROAD 2104MIAMI BEACHFL33139Secretary1.00$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$509,521AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$2,754,867AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,264,388TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,264,388AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$48,966CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,215,422NetVlNoncharitableAssetsAmt
Minimum Investment Return$160,771MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$160,771MinimumInvestmentReturnAmt
Tax Based On Investment Income$31,279TaxBasedOnInvestmentIncomeAmt
Total Tax$31,279TotalTaxAmt
Distributable Before Adj$129,492DistributableBeforeAdjAmt
Distributable Before Ded$129,492DistributableBeforeDedAmt
Distributable As Adjusted$129,492DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$265,375ExpensesAndContributionsAmt
Qualifying Distributions$265,375QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$129,492DistributableAsAdjustedAmt
Undistributed Income PY$87,433UndistributedIncomePYAmt
Qualifying Distributions$265,375QualifyingDistributionsAmt
Applied To Year1$87,433AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$129,492AppliedToCurrentYearAmt
Remaining Distri From Corpus$48,450RemainingDistriFromCorpusAmt
Total Corpus$48,450TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$48,450ExcessDistriCyovToNextYrAmt
Excess From Current Year$48,450ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PROJECT WRITE NOW
15 WOODLAND STREETLITTLE SILVERNJ07739N/AGENERAL & UNRESTRICTED$1,250
MONMOUTH MED CTR FOUNDATION
300 2ND AVENUELONG BRANCHNJ07740N/AGENERAL & UNRESTRICTED$10,000
SOCIETY FOR MEDICAL EDUCATION
300 S POINTE DRIVE APT 1402MIAMI BEACHFL33139N/AGENERAL & UNRESTRICTED$250,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$261,250TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$209ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$77,941ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,180,100RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc
MISCELLANEOUS
SUBSTITUTE PAYMENTS LIEU

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$78,150ExclusionAmt
Related Or Exempt Function Incm$2,180,100RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,258,250TotalIncomeProducingActyAmt

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$3,985Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,985DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
SDY
SPY
VBK
VGK
VOT
VT$2,298,696$2,564,032
VTI$2,395,238$2,820,019
VWO
XLE
CALLS- ENDING$138,238$2,374,999

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$15$15
MISC$540$540
OFFICE SUPPLIES$650$125
OTHER FEES$4,926$4,926

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescOUTSTANDING OPTIONSDesc
BOY Book Value$1,527,502BOYBookValueAmt
EOY Book Value$2,374,999EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEESCategoryTxt
Amt$2,451Amt
Net Investment Income$2,451NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Form 990 2020$174
Misc. Taxes$2,738

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