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ANIL AND PRAGATI SHARMA FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ANIL AND PRAGATI SHARMA FAMILY FOUNDATION (EIN 81-4600520)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-10-27
IRS object ID
202103009349100130
Schema version
2020v4.0
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)
Return2021-10-27T13:14:23-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221913073PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARNER DURITZA LOWE & GLASSHEIM 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 Begin2020-01-01TaxPeriodBeginDt

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 SOUTH POINTE ROAD 2104AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIL SHARMAPersonNm
Person TitlePresidentPersonTitleTxt
Signature2021-10-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,370,095FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$225,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$4,799InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4,799InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$17,040DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,040DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$110,934NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$10,729,210GrossSalesPriceAmt
Other Income Rev And Expnss$35,560OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$35,560OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$171,465TotalRevAndExpnssAmt
Total Net Invst Incm$57,399TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,995AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,995AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$44,835OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$44,835OtherProfFeesNetInvstIncmAmt
Interest Rev And Expnss$63InterestRevAndExpnssAmt
Interest Net Invst Incm$63InterestNetInvstIncmAmt
Other Expenses Rev And Expnss$6,811OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$6,811OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$55,704TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$44,898TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$10,806TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$171,535ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$171,535ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$227,239TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$44,898TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$182,341TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$55,774ExcessRevenueOverExpensesAmt
Net Investment Income$12,501NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,449,137CashBOYAmt
Cash EOY$207,405CashEOYAmt
Cash EOYFMV$207,405CashEOYFMVAmt
Corporate Stock BOY$1,437,052CorporateStockBOYAmt
Corporate Stock EOY$4,098,117CorporateStockEOYAmt
Corporate Stock EOYFMV$3,162,690CorporateStockEOYFMVAmt
Total Assets BOY$2,886,189TotalAssetsBOYAmt
Total Assets EOY$4,305,522TotalAssetsEOYAmt
Total Assets EOYFMV$3,370,095TotalAssetsEOYFMVAmt
Other Liabilities BOY$52,395OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,527,502OtherLiabilitiesEOYAmt
Total Liabilities BOY$52,395TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,527,502TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,833,794RetainedEarningBOYAmt
Retained Earning EOY$2,778,020RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,833,794TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,778,020TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,886,189TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$4,305,522TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,833,794TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$55,774ExcessRevenueOverExpensesAmt
Subtotal$2,778,020SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,778,020TotNetAstOrFundBalancesEOYAmt

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 - EQ & IND OPTIONSP2020-01-012020-12-31$9,645,102$9,574,198$70,904$70,904
INTERACTIVE BROKERS- STOCKSP2020-01-012020-12-31$199,659$289,690-$90,031-$90,031
INTERACTIVE BROKERSP2015-01-012020-12-31$884,449$976,256-$91,807-$91,807
FieldValueIRS element (for citing)
Capital Gain Net Income-$110,934CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$19,127NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$174InvestmentIncomeExciseTaxAmt
Subtotal$174SubtotalAmt
Tax Based On Investment Income$174TaxBasedOnInvestmentIncomeAmt
Tax Due$174TaxDueAmt

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$2,428,991AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$828,271AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,257,262TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,257,262AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$48,859CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,208,403NetVlNoncharitableAssetsAmt
Minimum Investment Return$160,420MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$160,420MinimumInvestmentReturnAmt
Tax Based On Investment Income$174TaxBasedOnInvestmentIncomeAmt
Total Tax$174TotalTaxAmt
Distributable Before Adj$160,246DistributableBeforeAdjAmt
Distributable Before Ded$160,246DistributableBeforeDedAmt
Distributable As Adjusted$160,246DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$182,341ExpensesAndContributionsAmt
Qualifying Distributions$182,341QualifyingDistributionsAmt
Adjusted Qualifying Distri$182,341AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$160,246DistributableAsAdjustedAmt
Undistributed Income PY$109,528UndistributedIncomePYAmt
Qualifying Distributions$182,341QualifyingDistributionsAmt
Applied To Year1$109,528AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$72,813AppliedToCurrentYearAmt
Undistributed Income CY$87,433UndistributedIncomeCYAmt

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
25 BRIDGE AVENUE SUITE 130RED BANKNJ07701N/AGENERAL & UNRESTRICTED$535
AKSHAY AGARWAL
32 COOK AVENUE 301MERIDENCT06451N/AGENERAL & UNRESTRICTED$21,000
SOCIETY FOR MEDICAL EDUCATION
300 SOUTH POINTE DRIVE APT 2104MIAMI BEACHFL33139N/AGENERAL & UNRESTRICTED$150,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$171,535TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4,799ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17,040ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$110,934RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionAmt
MISCELLANEOUS
SUBSTITUTE PAYMENTS LIEU$35,560

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$57,399ExclusionAmt
Related Or Exempt Function Incm-$110,934RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$53,535TotalIncomeProducingActyAmt

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$3,995Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,995DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AAPL
IBB
IWM
QQQ
SDY
SPY$3,668,126$4,449,172
VBK$30,614$56,476
VGK
VOT$18,128$33,083
VT$132,062$151,461
VUG
VWO
XLE
CALLS- ENDING$249,187$1,527,502

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OFFICE SUPPLIES$3,885$3,885
OTHER FEES$2,926$2,926

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescSUBSTITUTE PAYMENTS LIEUDesc
Revenue And Expenses Per Books$35,560RevenueAndExpensesPerBooksAmt
Net Investment Income$35,560NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescOUTSTANDING OPTIONSDesc
BOY Book Value$52,395BOYBookValueAmt
EOY Book Value$1,527,502EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISOR FEESCategoryTxt
Amt$44,835Amt
Net Investment Income$44,835NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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