SHAH CHARITABLE FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- SHAH CHARITABLE FOUNDATION (EIN 81-5082563)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202143169349104759
- Schema version
- 2020v4.1
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T16:46:51-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 043540129 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAUL MCCOY FAMILY OFFICE SERVICES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ST JAMES AVENUE SUITE 740 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | 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 | 815082563 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHAH CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | C/O PAUL-MCCOY FAMILY OFFICE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHAH | BusinessNameControlTxt |
| Phone | 6179333620 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 SAINT JAMES AV NO 740 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NIRAJ SHAH | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6179333620 | PhoneNum |
| Signature | 2021-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | NIRAJ | PersonFirstNm |
| Person Last | SHAH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JACQUELINE R MCCOY | PreparerPersonNm |
| PTIN | P00140149 | PTIN |
| Phone | 6179333600 | 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 |
| 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 | $149,554,289 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $5,625,370 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $24,979 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $24,979 | InterestOnSavNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,139,752 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $11,623,457 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $11,623,457 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $13,790,101 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $11,648,436 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $420,199 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $420,199 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $606,748 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $606,748 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $152,493 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $152,493 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $35,392 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $35,392 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $22,376 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $22,376 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Taxes Rev And Expnss | $229,206 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $1,110 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $68,096 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $254,044 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $254,044 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $16,397 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $16,397 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $300,119 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $290,571 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,036,974 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $23,486 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,843,940 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $588,188 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $588,188 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,625,162 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $23,486 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,432,128 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $11,164,939 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $11,624,950 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $7,408,182 | CashBOYAmt |
| Cash EOY | $15,902,455 | CashEOYAmt |
| Cash EOYFMV | $15,902,455 | CashEOYFMVAmt |
| Corporate Stock BOY | $54,475,020 | CorporateStockBOYAmt |
| Corporate Stock EOY | $57,116,395 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $133,614,955 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $35,000 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $36,879 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $36,879 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $61,918,202 | TotalAssetsBOYAmt |
| Total Assets EOY | $73,055,729 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $149,554,289 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $27,412 | AccountsPayableBOYAmt |
| Total Liabilities BOY | $27,412 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $61,890,790 | RetainedEarningBOYAmt |
| Retained Earning EOY | $73,055,729 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $61,890,790 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $73,055,729 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $61,918,202 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $73,055,729 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $61,890,790 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $11,164,939 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $73,055,729 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $73,055,729 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (38 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-01-23 | $159,760 | $159,760 | $159,760 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-04-21 | $135,056 | $135,056 | $135,056 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-04-21 | $134,952 | $134,952 | $134,952 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-04-23 | $149,506 | $149,506 | $149,506 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $172,975 | $172,975 | $172,975 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $172,656 | $172,656 | $172,656 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $172,022 | $172,022 | $172,022 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $172,081 | $172,081 | $172,081 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $173,487 | $173,487 | $173,487 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $173,588 | $173,588 | $173,588 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $174,054 | $174,054 | $174,054 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $175,141 | $175,141 | $175,141 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-05-07 | $175,017 | $175,017 | $175,017 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-06-10 | $254,631 | $254,631 | $254,631 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-06-10 | $174,963 | $174,963 | $174,963 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-07-10 | $339,335 | $339,335 | $339,335 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-07-10 | $226,212 | $226,212 | $226,212 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-03 | $249,962 | $249,962 | $249,962 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-03 | $249,962 | $249,962 | $249,962 |
| 5877 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-11 | $1,874,689 | $1,874,689 | $1,874,689 |
| 4013 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-11 | $1,280,480 | $1,280,480 | $1,280,480 |
| 100 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-11 | $31,906 | $31,906 | $31,906 |
| 10 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-11 | $3,192 | $3,192 | $3,192 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-12 | $464,477 | $464,477 | $464,477 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-12 | $309,640 | $309,640 | $309,640 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-08-12 | $309,640 | $309,640 | $309,640 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-09-10 | $368,599 | $368,599 | $368,599 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-09-10 | $249,962 | $249,962 | $249,962 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-09-10 | $245,722 | $245,722 | $245,722 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-10-13 | $463,307 | $463,307 | $463,307 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-10-13 | $308,860 | $308,860 | $308,860 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-10-13 | $308,860 | $308,860 | $308,860 |
| 1500 SHARES WAYFAIR | D | 2017-09-05 | 2020-11-12 | $397,458 | $397,458 | $397,458 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-11-12 | $264,961 | $264,961 | $264,961 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-11-12 | $264,961 | $264,961 | $264,961 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-12-10 | $236,562 | $236,562 | $236,562 |
| 1000 SHARES WAYFAIR | D | 2017-09-05 | 2020-12-11 | $249,962 | $249,962 | $249,962 |
| 1500 SHARES WAYFAIR | D | 2017-11-24 | 2020-12-10 | $354,859 | $354,859 | $354,859 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $11,623,457 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $161,587 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $161,587 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $161,587 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $145,866 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $203,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $348,866 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $187,279 | OverpaymentAmt |
| Applied To ES Tax | $187,279 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | PAUL MCCOY FAMILY OFFICE SERVICES | IndividualWithBooksNm |
| Phone | 6139333620 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | SUITE 740 31 ST JAMES AVE | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | 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 | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JILL SHAH | ||||||||
| 31 ST JAMES AVE SUITE 740 | BOSTON | MA | 02116 | PRESIDENT | 40.00 | $0 | $0 | $0 |
| NIRAJ SHAH | ||||||||
| 31 ST JAMES AVE SUITE 740 | BOSTON | MA | 02116 | TREASURER | 5.00 | $0 | $0 | $0 |
| ROSS WILSON | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | MANAGER | 40.00 | $420,199 | $12,606 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|---|---|---|---|
| ELIZA NOVICK | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | ANALYST | 40.00 | $115,220 | $3,496 | $0 |
| SARAH MCKITTERICK | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | PROJECT MANAGER | 40.00 | $111,025 | $3,370 | $0 |
| MICHAEL MADIGAN | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | PROJECT MANAGER | 40.00 | $81,399 | $2,445 | $0 |
| BEN VAINER | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | CHIEF OF STAFF | 40.00 | $75,829 | $2,314 | $0 |
| SAMANTHA PARDO | ||||||||
| 251 NEWBURY ST | BOSTON | MA | 02115 | OFFICE & EVENTS COOR | 40.00 | $64,873 | $1,978 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID LEDGER | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 251 NEWBURY ST | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | CONSULTING | ServiceTypeTxt |
| Compensation | $65,861 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | PROVIDING SUPPORT TO INNOVATIVE AND TRANSFORMATIVE WORK IN EDUCATION, HEALTHCARE AND THE COMMUNITY. THE FOUNDATION'S WORK AND SUPPORT IS PRIMARILY CENTERED IN BOSTON. DURING 2020, THE FOUNDATION PROVIDED RESEARCH AND EQUIPMENT TO ENABLE THE BOSTON PUBLIC SCHOOLS TO PROVIDE HEALTHY LUNCHES TO THEIR STUDENTS. THE FOUNDATION ALSO ASSISTED WITH THE EXPANSION OF BOSTON PUBLIC SCHOOLS MY WAY CAFE FOOD AND NUTRITION PROGRAM. | Description1Txt |
| Expenses1 | $61,773 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $109,353,560 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,231,877 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $119,585,437 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $119,585,437 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,793,782 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $117,791,655 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,889,583 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $5,889,583 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $161,587 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $161,587 | TotalTaxAmt |
| Distributable Before Adj | $5,727,996 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $5,727,996 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $5,727,996 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,432,128 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,432,128 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $2,432,128 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $5,727,996 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr3 | $2,864 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $128,266 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $131,130 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,432,128 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,432,128 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $131,130 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $131,130 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $3,164,738 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JILL SHAH | ContributingManagerNm |
| Contributing Manager | NIRAJ SHAH | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| BRIDGE OVER TROUBLED WATERS | |||||||
| 47 WEST STREET | BOSTON | MA | 02111 | NONE | PC | GENERAL PURPOSE | $500 |
| CAPE COD HEALTHCARE FOUNDATION | |||||||
| PO BOX 370 | HYANNIS | MA | 02601 | NONE | PC | UNRESTRICTED | $526 |
| NATIONAL MULTIPLE SCLEROSIS SOCIETY | |||||||
| 900 S BROADYWAY 2ND FLOOR | DENVER | CO | 80209 | PC | UNRESTRICTED | $265 | |
| PAN MASS CHALLENGE | |||||||
| 77 4TH AVE | NEEDHAM | MA | 02494 | NONE | PC | UNRESTRICTED | $256 |
| PROJECT BREAD | |||||||
| 145 BORDER STREET | EAST BOSTON | MA | 02128 | NONE | PC | UNRESTRICTED | $258 |
| STRATEGIC GRANT PARTNERS | |||||||
| 240 NEWBURY STREET | BOSTON | MA | 02116 | NONE | PF | ALL FUNDS MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. | $586,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $588,188 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $24,979 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,139,752 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,164,731 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,164,731 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | NIRAJ AND JILL SHAH | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ST JAMES AVE SUITE 740 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $5,625,120 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 24,000 WAYFAIR | NoncashPropertyDesc |
| Fair Market Value | $5,625,120 | FairMarketValueAmt |
| Received | 2020-11-17 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $22,376 | Amt |
| Net Investment Income | $22,376 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Expended By GranteeExpendedByGranteeAmt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | VerificationVerificationDt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STRATEGIC GRANT PARTNERS | |||||||||||
| 240 NEWBURY STREET 2ND FLOOR | BOSTON | MA | 02116 | 2020-01-08 | $116,456 | ALL FUNDS MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. THE GRANTEE HAS A FISCALL YEAR ENDING JUNE 30TH. THE TRANSFER TO THE GRANTEE OCCURRED IN THE GRANTEE'S FISCAL YEAR ENDING JUNE 30, 2021. IN CONNECTION WITH "EXPENDITURE RESPONSIBILITY" REQUIREMENTS, THE GRANTEE WILL PROVIDE DOCUMENTATION ON USE OF FUNDS BY NOVEMBER 15, 2021. WE WILL PLAN TO INCLUDE THE RESULTS FROM THIS DOCUMENTATION WITH THE SHAH FAMILY FOUNDATION RETURN FILED FOR THE CALENDAR YEAR ENDING DEC 31, 2021. | $116,456 | NONE | 06/30/21 | 2021-06-30 | ALL FUNDS PROPERLY SPENT. A DETAILED STATEMENT OF USE OF FUNDS IS AVAILABLE UPON REQUEST. |
| STRATEGIC GRANT PARTNERS | |||||||||||
| 240 NEWBURY STREET 2ND FLOOR | BOSTON | MA | 02116 | 2020-04-06 | $423,651 | ALL FUNDS MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. THE GRANTEE HAS A FISCALL YEAR ENDING JUNE 30TH. THE TRANSFER TO THE GRANTEE OCCURRED IN THE GRANTEE'S FISCAL YEAR ENDING JUNE 30, 2021. IN CONNECTION WITH "EXPENDITURE RESPONSIBILITY" REQUIREMENTS, THE GRANTEE WILL PROVIDE DOCUMENTATION ON USE OF FUNDS BY NOVEMBER 15, 2021. WE WILL PLAN TO INCLUDE THE RESULTS FROM THIS DOCUMENTATION WITH THE SHAH FAMILY FOUNDATION RETURN FILED FOR THE CALENDAR YEAR ENDING DEC 31, 2021. | $356,725 | NONE | 06/30/2021 | 2021-06-30 | ALL FUNDS PROPERLY SPENT. A DETAILED STATEMENT OF USE OF FUNDS IS AVAILABLE UPON REQUEST. |
| STRATEGIC GRANT PARTNERS | |||||||||||
| 240 NEWBURY STREET 2ND FLOOR | BOSTON | MA | 02116 | 2020-07-08 | $113,202 | ALL FUNDS MUST BE EXPENDED FOR CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. THE GRANTEE HAS A FISCALL YEAR ENDING JUNE 30TH. THE TRANSFER TO THE GRANTEE OCCURRED IN THE GRANTEE'S FISCAL YEAR ENDING JUNE 30, 2021. IN CONNECTION WITH "EXPENDITURE RESPONSIBILITY" REQUIREMENTS, THE GRANTEE WILL PROVIDE DOCUMENTATION ON USE OF FUNDS BY NOVEMBER 15, 2021. WE WILL PLAN TO INCLUDE THE RESULTS FROM THIS DOCUMENTATION WITH THE SHAH FAMILY FOUNDATION RETURN FILED FOR THE CALENDAR YEAR ENDING DEC 31, 2021. | $113,202 | NONE | 06/30/21 | 2021-06-30 | ALL FUNDS PROPERLY SPENT. A DETAILED STATEMENT OF USE OF FUNDS IS AVAILABLE UPON REQUEST. |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CORPORATE STOCK | $56,616,435 | $133,114,995 |
| PINE TREE HEALTH INC | $499,960 | $499,960 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | BUSRIGHT INC CONVERTIBLE NOTE | CategoryOrItemTxt |
| Listed At Cost Or FMV | AT COST | ListedAtCostOrFMVCd |
| Book Value | $36,879 | BookValueAmt |
| EOYFMV | $36,879 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $35,392 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $35,392 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (15 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| ADVERTISING | $12,600 | $0 | $12,600 |
| COMPUTER EXPENSES | $3,535 | $0 | $3,535 |
| CONSULTING | $132,596 | $0 | $132,596 |
| REIMBURSEMENT | $5,522 | $0 | $5,522 |
| LIABILITY INSURANCE | $13 | $0 | $13 |
| JANITORIAL EXPENSE | $9,595 | $0 | $9,595 |
| MEETINGS-CONFERENCE COSTS | $9,549 | $0 | $9,549 |
| OFFICE SUPPLIES & SOFTWARE | $28,585 | $0 | $28,585 |
| OTHER BUSINESS EXPENSE | $25,807 | $0 | $16,259 |
| PAYROLL PROCESSING | $3,640 | $0 | $3,640 |
| POSTAGE | $1,317 | $0 | $1,317 |
| UTILITIES | $5,187 | $0 | $5,187 |
| BOSTON PUBLIC SCHOOLS | $61,773 | $0 | $61,773 |
| EVENTS | $385 | $0 | $385 |
| MISCELLANEOUS | $15 | $0 | $15 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NIRAJ AND JILL SHAH | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 ST JAMES AVE SUITE 740 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| US TREASURY | $160,000 | $0 | $0 |
| COMMONWEALTH OF MASS | $1,110 | $1,110 | $0 |
| EMPLOYER PAYROLL TAXES | $68,096 | $0 | $68,096 |
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