BETA

PATEL FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
PATEL FAMILY FOUNDATION (EIN 20-4933895)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-17
IRS object ID
202111689349100876
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)
Return2021-06-17T16:27:54-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-06-17SignatureDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,295,579FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$35,029InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$35,029InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$23DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$2,582NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$425,000GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,582CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$37,634TotalRevAndExpnssAmt
Total Net Invst Incm$37,634TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,640AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$3,640AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$4,137OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,137OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,988TaxesRevAndExpnssAmt
Taxes Dsbrs Chrtbl$10TaxesDsbrsChrtblAmt
Other Expenses Rev And Expnss$70OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$70OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$9,835TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,137TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$3,720TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$45,180ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$45,180ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$55,015TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,137TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$48,900TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$17,381ExcessRevenueOverExpensesAmt
Net Investment Income$33,497NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$81,960CashBOYAmt
Cash EOY$351,437CashEOYAmt
Cash EOYFMV$351,437CashEOYFMVAmt
US Government Obligations BOY$1,226,924USGovernmentObligationsBOYAmt
US Government Obligations EOY$929,776USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$932,310USGovtObligationsEOYFMVAmt
Corporate Stock EOY$10,290CorporateStockEOYAmt
Corporate Stock EOYFMV$11,832CorporateStockEOYFMVAmt
Total Assets BOY$1,308,884TotalAssetsBOYAmt
Total Assets EOY$1,291,503TotalAssetsEOYAmt
Total Assets EOYFMV$1,295,579TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,308,884NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY$1,308,884TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,291,503TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,308,884TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,291,503TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,308,884TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$17,381ExcessRevenueOverExpensesAmt
Subtotal$1,291,503SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,291,503TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (4 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
200,000 FFCBP2018-10-252020-10-23$200,000$199,966$34$34
100,000 FHLBP2018-04-052020-09-28$100,000$97,531$2,469$2,469
50,000 FFCBP2018-04-052020-04-13$50,000$49,992$8$8
75,000 FHLBP2018-04-052020-01-09$75,000$74,929$71$71
FieldValueIRS element (for citing)
Capital Gain Net Income$2,582CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$466InvestmentIncomeExciseTaxAmt
Subtotal$466SubtotalAmt
Tax Based On Investment Income$466TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$778EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$778TotalPaymentsAndCreditsAmt
Overpayment$312OverpaymentAmt
Applied To ES Tax$312AppliedToESTaxAmt

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$1,170,660AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$144,711AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,315,371TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,315,371AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,731CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,295,640NetVlNoncharitableAssetsAmt
Minimum Investment Return$64,782MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$64,782MinimumInvestmentReturnAmt
Tax Based On Investment Income$466TaxBasedOnInvestmentIncomeAmt
Total Tax$466TotalTaxAmt
Distributable Before Adj$64,316DistributableBeforeAdjAmt
Distributable Before Ded$64,316DistributableBeforeDedAmt
Distributable As Adjusted$64,316DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$48,900ExpensesAndContributionsAmt
Qualifying Distributions$48,900QualifyingDistributionsAmt
Adjusted Qualifying Distri$48,900AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$64,316DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$12,325ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$126,273ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$138,598TotalExcessDistributionCyovAmt
Qualifying Distributions$48,900QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$48,900AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$15,416ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$15,416ExcessDistributionCyovAppCYAmt
Total Corpus$123,182TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$123,182ExcessDistriCyovToNextYrAmt
Excess From Year1$123,182ExcessFromYear1Amt

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 (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASHA FOR EDUCATION
PO BOX 322NEW YORKNY10040NoneN/AUnrestricted$1,000
PRATHAM
5890 POINT WEST DRIVEHOUSTONTX77036NoneN/AUnrestricted$5,000
HUMAN SERVICE FOUNDATION
4681 SETTING SUN DRIVEEL SOBRANTECA94803NoneN/AUnrestricted$5,000
MUNI SEVA CHARITABLE FOUNDATION
2001 TREMONT DRIVEDOVEROH44622NoneN/AUnrestricted$25,000
KQED
2601 MARIPOSA STREETSAN FRANCISCOCA94110NoneN/AUnrestricted$180
COMMUNITY SERVICES AGENCY
204 STIERLIN ROADMOUNTAIN VIEWCA94043NONEN/AUnrestricted$2,000
SECOND HARVEST FOOD
750 CURTNER AVENUESAN JOSECA95125NoneN/AUnrestricted$5,000
BOYS GIRLS CLUB
753 WEST LOWELL AVENUETRACYCA95376NoneN/AUnrestricted$1,000
HELP FOR MIGRAINE
6222 E CORAL CIRANAHEIMCA92807NoneN/AUnrestricted$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$45,180TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$35,029ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$23ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion1ExclusionCd
Exclusion$2,582ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$37,634ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$37,634TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$3,640Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$3,640DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
100 COMCAST CORP$4,307$5,240
400 VODAFONE GROUP PLC$5,983$6,592

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$929,776USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$932,310USGovtObligationsEOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescFILING FEEDesc
Revenue And Expenses Per Books$70RevenueAndExpensesPerBooksAmt
Disbursements Charitable Prps$70DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryADVISORY FEECategoryTxt
Amt$4,137Amt
Net Investment Income$4,137NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FEDERAL INCOME TAX$1,978
STATE FILING FEES$10$10

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