MULCHAND & PARPATI THADMANI FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MULCHAND & PARPATI THADMANI FOUNDATION INC (EIN 13-4126170)
Tax period
2019-06-01 to 2020-05-31
Filed
2021-11-10
IRS object ID
202113149349102306
Schema version
2019v5.1
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)
Return2021-11-10T16:04:33-05:00ReturnTs
Tax Period End2020-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133497978PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Hummel & Butler CPAs PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1562 Commerce StreetAddressLine1Txt
CityThornwoodCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10594ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134126170EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Mulchand & Parpati Thadhani FndBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMULCBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1562 Commerce StreetAddressLine1Txt
CityThornwoodCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10594ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonNeil PrabhuPersonNm
Person TitlePresidentPersonTitleTxt
Phone9147695429PhoneNum
Signature2021-10-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJoseph D ButlerPreparerPersonNm
PTINP01349937PTIN
Phone9147698419PhoneNum
Preparation2021-11-10PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Initial Return Former Pub ChrtyYes (X)InitialReturnFormerPubChrtyInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$30,613FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$464DividendsRevAndExpnssAmt
Net Gain Sale Ast Rev And Expnss$1,392NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$4,302GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,392CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$24OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$1,880TotalRevAndExpnssAmt
Total Net Invst Incm$1,392TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$2,000LegalFeesRevAndExpnssAmt
Accounting Fees Rev And Expnss$4,257AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$631TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,888TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$6,888TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,008ExcessRevenueOverExpensesAmt
Net Investment Income$1,392NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,354CashBOYAmt
Cash EOY$1,500CashEOYAmt
Sav And Temp Cash Invst BOY$51SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,863SavAndTempCashInvstEOYAmt
Other Investments BOY$24,302OtherInvestmentsBOYAmt
Other Investments EOY$17,336OtherInvestmentsEOYAmt
Other Investments EOYFMV$30,613OtherInvestmentsEOYFMVAmt
Total Assets BOY$25,707TotalAssetsBOYAmt
Total Assets EOY$20,699TotalAssetsEOYAmt
Total Assets EOYFMV$30,613TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$25,707NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$20,699NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$25,707TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,699TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$25,707TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$20,699TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$25,707TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,008ExcessRevenueOverExpensesAmt
Subtotal$20,699SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,699TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Trowe GrowthP2011-12-312019-09-19$1,000$722$278$278
Trowe Tax EF EquityP2010-12-312019-08-20$302$180$122$122
TRowe Tax EF EquityP2010-12-312019-09-09$1,000$590$410$410
TRowe Tax EF EquityP2011-12-312020-03-13$1,000$641$359$359
TRowe GrowthP2011-12-312020-03-13$1,000$777$223$223
FieldValueIRS element (for citing)
Capital Gain Net Income$1,392CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adj Net Vl Noncharitable Assets$0AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$0AdjNonchrtblNetInvstIncmPctAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$28InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$28SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Tax Due$28TaxDueAmt

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
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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
Individual With BooksNeil PrabhuIndividualWithBooksNm
Phone9147698419PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1562 Commerce StreetAddressLine1Txt
CityThornwoodCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10594ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Jacquiline Shapiro
562 Commerce StreetThornwoodNY10594Vice President10.00$0$0$0
Neil Prabhu
562 Commerce StreetThornwoodNY10594President10.00$0$0$0
Kara Prabhu
562 Commerce StreetThornwoodNY10594Secretary10.00$0$0$0
Liberato Bautista
562 Commerce StreetThornwoodNY10594Treasurer10.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1To facilitate capacity building of non-governmental organizations through training consultation networkingDescription1Txt
Expenses1$0Expenses1Amt
Description2To provide assistance in writing grant seeking proposals and accessing national & international resourcesDescription2Txt
Expenses2$0Expenses2Amt
Description3To provide grants for innovate program models focused on mainstreaming disadvantaged women and childrenDescription3Txt
Expenses3$0Expenses3Amt
Description4To teach methods to integrate holistic health care and nuttrition with community development education and econimicDescription4Txt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,445AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$280AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,725TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$1,725AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,725NetVlNoncharitableAssetsAmt
Minimum Investment Return$86MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$86MinimumInvestmentReturnAmt
Tax Based On Investment Income$28TaxBasedOnInvestmentIncomeAmt
Income Tax$28IncomeTaxAmt
Total Tax$56TotalTaxAmt
Distributable Before Adj$30DistributableBeforeAdjAmt
Distributable Before Ded$30DistributableBeforeDedAmt
Distributable As Adjusted$30DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$30DistributableAsAdjustedAmt
Undistributed Income CY$30UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonJacquiline ShapiroRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1562 Commerce StreetAddressLine1Txt
CityThornwoodCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10594ZIPCd
FieldValueIRS element (for citing)
Recipient Phone9142412361RecipientPhoneNum
Form And Info And MaterialsWritten Requests Explaining ProgramsFormAndInfoAndMaterialsTxt
Submission DeadlinesNASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$0TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion03ExclusionCd

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number04LineNumberTxt
Relationship StatementAll Income derived from the above sources is used for Contributionsand grantsRelationshipStatementTxt

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)
CategoryAccounting FeesCategoryTxt
Amt$4,257Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemT Rowe Price Mutual FundsCategoryOrItemTxt
Book Value$17,336BookValueAmt
EOYFMV$30,613EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryLegal FeesCategoryTxt
Legal Fees$2,000LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescReversal Bank ChargeDesc
Revenue And Expenses Per Books$24RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
NYS Reg Charities$100$0$0$0
Federal Taxes 2013$531$0$0$0

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