KAPILA FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: KAPILA FAMILY FOUNDATION INC (EIN 20-8096516)
Tax period: 2020-01-01 to 2020-12-31
Filed: 2021-03-09
IRS object ID: 202120689349100102
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
Form 990-PF
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-03-09T06:19:25-08:00	ReturnTs
Tax Period End	2020-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	465394135	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KapilaMukamal LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S Federal Highway 200	AddressLine1Txt
City	Fort Lauderdale	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208096516	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE KAPILA FAMILY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KAPI	BusinessNameControlTxt
Phone	9547611011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S FEDERAL HIGHWAY	AddressLine1Txt
City	FT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SONEET KAPILA	PersonNm
Person Title	President & CEO	PersonTitleTxt
Signature	2021-03-09	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	SONEET	PersonFirstNm
Person Last	KAPILA	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LESLEY J JOHNSON	PreparerPersonNm
PTIN	P01079089	PTIN
Phone	9547611011	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd
Federated Assurance Level	FAL1	FederatedAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$24,035	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$24,035	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$24,035	DividendsAdjNetIncmAmt
Total Rev And Expnss	$24,035	TotalRevAndExpnssAmt
Total Net Invst Incm	$24,035	TotalNetInvstIncmAmt
Total Adj Net Incm	$24,035	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$2,114	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$2,114	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$191,650	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$191,650	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$193,764	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$191,650	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$169,729	ExcessRevenueOverExpensesAmt
Net Investment Income	$24,035	NetInvestmentIncomeAmt
Adjusted Net Income	$24,035	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$4,812,178	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,642,449	SavAndTempCashInvstEOYAmt
Total Assets BOY	$4,812,178	TotalAssetsBOYAmt
Total Assets EOY	$4,642,449	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$4,812,178	NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY	$4,812,178	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$4,642,449	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$4,812,178	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$4,642,449	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$4,812,178	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$169,729	ExcessRevenueOverExpensesAmt
Subtotal	$4,642,449	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$4,642,449	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$334	InvestmentIncomeExciseTaxAmt
Subtotal	$334	SubtotalAmt
Tax Based On Investment Income	$334	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$1,720	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$1,720	TotalPaymentsAndCreditsAmt
Overpayment	$1,386	OverpaymentAmt
Refund	$1,386	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	SONEET R KAPILA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9547611011	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S FEDERAL HIGHWAY SUITE 200	AddressLine1Txt
City	FT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
SONEET R KAPILA
2420 DEL LAGO DRIVE	FT LAUDERDALE	FL	33316	President & CEO	0.00	$0
PRABODH K KAPILA
2420 DEL LAGO DRIVE	FT LAUDERDALE	FL	33316	Director	0.00	$0
RAVI P KAPILA
2420 DEL LAGO DRIVE	FT LAUDERDALE	FL	33316	Director	0.00	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$4,807,621	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$4,807,621	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$4,807,621	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$72,114	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$4,735,507	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$236,775	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$236,775	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$334	TaxBasedOnInvestmentIncomeAmt
Total Tax	$334	TotalTaxAmt
Distributable Before Adj	$236,441	DistributableBeforeAdjAmt
Distributable Before Ded	$236,441	DistributableBeforeDedAmt
Distributable As Adjusted	$236,441	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$191,650	ExpensesAndContributionsAmt
Qualifying Distributions	$191,650	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$191,650	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$236,441	DistributableAsAdjustedAmt
Undistributed Income PY	$191,600	UndistributedIncomePYAmt
Qualifying Distributions	$191,650	QualifyingDistributionsAmt
Applied To Year1	$191,600	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$50	AppliedToCurrentYearAmt
Undistributed Income CY	$236,391	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SONEET R KAPILA	ContributingManagerNm
Contributing Manager	PRABODH K KAPILA	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Friends of WLRN Inc
172 NE 15th Street	Miami	FL	33131	PC	support public radio	$5,000
National Parkinson Foundation
200 SE 1st St Suite 800	Miami	FL	33131	PC	medical research	$2,000
Broward Performing Arts Foundation
201 SW Fifth Avenue	Fort Lauderdale	FL	33312	PC	support performing arts	$127,500
South Florida Hindu Temple
3310 NE 57th Court	Fort Lauderdale	FL	33308	PC	church/temple	$3,000
NOVA SOUTHEASTERN UNIVERSITY
3301 COLLEGE AVENUE	FORT LAUDERDALE	FL	33314	PC	endowment fund	$25,000
HILLSBOROUGH COUNTY BAR FOUNDATION
1610 North Tampa Street	Tampa	FL	33602	PC	community organization	$500
ABI Endowment Fund
66 Canal Center Plaza Suite 600	Alexandria	VA	22314	PC	endowment fund	$5,700
STETSON UNIVERSITY COLLEGE OF LAW
1401 61ST STREET S	GULFPORT	FL	33707	PC	scholarships	$5,000
American College of Bankruptcy Fdn
P O Box 249	Stanardsville	VA	22973	PC	endowment fund	$1,200
Bankruptcy Bar Foundation
7154 NUniversity Drive 299	Tamarac	FL	33321	PC	community organization	$500
Bankruptcy Law Education Series Fdn
329 Park Avenue N 2nd Floor	Winter Park	FL	32789	PC	education	$250
Educate Tomorrow
1717 NBayshore Dr 203	Miami	FL	33132	PC	education	$250
Sheridan House Family Ministries
1700 S Flamingo Road	Davie	FL	33325	PC	community outreach	$2,500
Students for Liberty
2221 S Clark Street 12th Floor	Arlington	VA	22202	PC	community organization	$1,000
Natl Pediatric Cancer Fdn Inc
5550 West Executive Dr 300	Tampa	FL	33609	PC	medical research	$100
Pratham USA
55 Exchange Place Suite 402	New York	NY	10005	PC	community organization	$5,000
Bay Area Legal Services
1302 N 19TH STREET SUITE 400	TAMPA	FL	33605	PC	community services	$100
I Care I Cure Childhood Cancer Fdn
PO BOX 291386	DAVIE	FL	33328	PC	medical research	$5,000
Give Directly
P O Box 3221	New York	NY	10008	PC	community service	$2,000
CHOP Foundation
P O Box 781352	Philadelphia	PA	19178	PC	hospital	$50

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$191,650	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$24,035	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$24,035	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$24,035	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt
ANNUAL REPORT	$62
EXCISE TAX (2019)	$332
EXCISE TAX (2020)	$1,720

KAPILA FAMILY FOUNDATION INC: Form 990PF, tax year 2020

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Preparer Person PreparerPersonGrp

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

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