OBJECTWIN FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
OBJECTWIN FOUNDATION (EIN 20-3811786)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-07
IRS object ID
202243119349101869
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)
Return2022-11-07T15:55:46-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN473017802PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AH CPA'S PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13050 POST OAK BLVD STE 550AddressLine1Txt
CityHOUSTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP770566534ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203811786EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KARANDE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKARABusinessNameControlTxt
Phone7133737000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12815 PINEBEND DRIVEAddressLine1Txt
CityPEARLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77584ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSANTOSH S KARANDEPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone7133737000PhoneNum
Signature2022-10-26SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSANTOSHPersonFirstNm
Person LastKARANDEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANJALI ARJUNANIPreparerPersonNm
PTINP01398530PTIN
Phone7135529499PhoneNum
Preparation2022-11-07PreparationDt
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$603,849FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$250,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$250,010TotalRevAndExpnssAmt
Total Net Invst Incm$10TotalNetInvstIncmAmt
Total Adj Net Incm$10TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,103AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,103AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$2,103AccountingFeesAdjNetIncmAmt
Taxes Rev And Expnss$13TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$1,026OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,026OtherExpensesNetInvstIncmAmt
Other Expenses Adj Net Incm$1,026OtherExpensesAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss$3,142TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$3,129TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$3,129TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$21,550ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$21,550ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$24,692TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$3,129TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$3,129TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$21,550TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$225,318ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$222,340CashBOYAmt
Sav And Temp Cash Invst BOY$406,605SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$261,040SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$261,040SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,638,668OtherInvestmentsBOYAmt
Other Investments EOY$2,231,071OtherInvestmentsEOYAmt
Other Investments EOYFMV$342,809OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,267,613TotalAssetsBOYAmt
Total Assets EOY$2,492,111TotalAssetsEOYAmt
Total Assets EOYFMV$603,849TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$2,267,613NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,492,111NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$2,267,613TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,492,111TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,267,613TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,492,111TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,267,613TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$225,318ExcessRevenueOverExpensesAmt
Subtotal$2,492,931SubtotalAmt
Other Decreases$820OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,492,111TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 StateTXOrgReportOrRegisterStateCd
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 Line1SANTOSH S KARANDEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7133737000PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12815 PINEBEND DRAddressLine1Txt
CityPEARLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77584ZIPCd
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
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

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SANTOSH S KARANDEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12815 PINEBEND DRAddressLine1Txt
CityPEARLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77584ZIPCd
FieldValueIRS element (for citing)
TitleDIRECTORTitleTxt
Average Hrs Per Wk Devoted To Pos5.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1DONATIONS TO CHARITABLE ORGANIZATIONSDescription1Txt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$557,872AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$115,887AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$673,759TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$673,759AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$10,106CashDeemedCharitableAmt
Net Vl Noncharitable Assets$663,653NetVlNoncharitableAssetsAmt
Minimum Investment Return$33,183MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$33,183MinimumInvestmentReturnAmt
Distributable Before Adj$33,183DistributableBeforeAdjAmt
Distributable Before Ded$33,183DistributableBeforeDedAmt
Distributable As Adjusted$33,183DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$21,550ExpensesAndContributionsAmt
Qualifying Distributions$21,550QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$33,183DistributableAsAdjustedAmt
Undistributed Income PY$19,754UndistributedIncomePYAmt
Qualifying Distributions$21,550QualifyingDistributionsAmt
Applied To Year1$19,754AppliedToYear1Amt
Applied To Current Year$1,796AppliedToCurrentYearAmt
Undistributed Income CY$31,387UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonKARANDE FOUNDATIONRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line12815 PINEBEND DRIVEAddressLine1Txt
CityPEARLANDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77584ZIPCd
FieldValueIRS element (for citing)
Recipient Phone7133737000RecipientPhoneNum
Form And Info And MaterialsINFORMAL COMMUNICATION LISTING REQUEST AND HOW THE FUNDS WFormAndInfoAndMaterialsTxt
Submission DeadlinesNONESubmissionDeadlinesTxt
Restrictions On AwardsNO RESTRICTIONSRestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PRATHAM USA
9703 RICHMOND AVE STE1HOUSTON TX 77042HOUSTONTX77042PUBLICFUND THEIR CHARITABLE ACTIVITIES$10,000
STAMFORD
1111 SUMMER ST STE 602ASTAMFORD CT 06905STAMFORSCT06905PUBLICFUND THEIR CHARITABLE ACTIVITIES$1,000
CRY AMERICA
3806 MONUMENT AVERICHMOND VA 23230HOUSTONTX77098PUBLICFUND THEIR CHARITABLE ACTIVITIES$2,500
CHINMAYA INTERNATIONAL FOUNDATION
ADI SANKARA NILAYAMKERALA INDIAHOUSTONTX77056PUBLICFUND THEIR CHARITABLE ACTIVITIES$1,000
SUJNANA RELIGIOUS AND CHA
43 SUNOL STSAN JOSE CA 95126SAN JOSECA95126PUBLICFUND THEIR CHARITABLE ACTIVITIES$1,000
GROUP FUND
P O BOX 294MONT BELVIEU TX 77580MONT BELVIEUTX77580PUBLICFUND CHARITABLE ACTIVITIES$1,050
DAYA FOUNDATION
0110 SW BANCROFT STPORTLAND OR 97239PORTLANDOR97239PUBLICFUND THEIR CHARITABLE ACTIVITIES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$21,550TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10TotalIncomeProducingActyAmt

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)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,103Amt
Net Investment Income$2,103NetInvestmentIncomeAmt
Adjusted Net Income$2,103AdjustedNetIncomeAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemINVESTMENTS - OTHERCategoryOrItemTxt
Listed At Cost Or FMVFMVListedAtCostOrFMVCd
Book Value$2,231,071BookValueAmt
EOYFMV$342,809EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescRETURN OF EQUITYDesc
Amt$820Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmt
EXPENSES
DUES AND SUBSCRIPTIONS$896$896$896
BANK AND CREDIT CARD FEES$130$130$130

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescOTHER LIABILITIESDesc

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$13Amt

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