DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC (EIN 20-3916634)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2021-12-14
IRS object ID: 202143489349100009
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
Schedule B
Depreciation Schedule
Investments Other Schedule2
Land Etc Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Decreases Schedule
Other Expenses Schedule
Other Income Schedule2
Other Liabilities Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2021-12-14T12:41:00-06:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	593592794	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GERALD L BIRCH CPA PA	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	12142 LUFTBURROW LN	AddressLine1Txt
City	HUDSON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34669	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	203916634	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DRS KIRAN & PALLAVI PATEL	BusinessNameLine1Txt
Business Name Line2	FAMILY FOUNDATION INC	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	DRSK	BusinessNameControlTxt
Phone	8135066083	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET STE 200	AddressLine1Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PALLAVI C PATEL MD	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8135066083	PhoneNum
Signature	2021-10-05	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DR PALLAVI C	PersonFirstNm
Person Last	PATEL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GERALD L BIRCH CPA	PreparerPersonNm
PTIN	P00290598	PTIN
Phone	8138308868	PhoneNum
Preparation	2021-12-14	PreparationDt

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)
Amended Return	Yes (X)	AmendedReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$43,176,765	FMVAssetsEOYAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$120,419	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$613,454	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$613,454	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$613,454	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$13,981	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$13,981	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$13,981	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$17,089	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$17,089	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$17,089	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$549,652	OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm	$549,652	OtherIncomeAdjNetIncmAmt
Total Rev And Expnss	$1,314,595	TotalRevAndExpnssAmt
Total Net Invst Incm	$644,524	TotalNetInvstIncmAmt
Total Adj Net Incm	$1,177,087	TotalAdjNetIncmAmt
Legal Fees Rev And Expnss	$1,500	LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl	$1,500	LegalFeesDsbrsChrtblAmt
Other Prof Fees Rev And Expnss	$57,935	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl	$57,935	OtherProfFeesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss	$440,496	DeprecAndDpltnRevAndExpnssAmt
Printing And Pub Rev And Expnss	$348	PrintingAndPubRevAndExpnssAmt
Other Expenses Rev And Expnss	$153,491	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$133,650	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$19,839	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$653,770	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$133,650	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$79,274	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$2,900	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$2,900	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$656,670	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$133,650	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$82,174	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$657,925	ExcessRevenueOverExpensesAmt
Net Investment Income	$510,874	NetInvestmentIncomeAmt
Adjusted Net Income	$1,177,087	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$514,414	CashBOYAmt
Cash EOY	$461,276	CashEOYAmt
Cash EOYFMV	$461,276	CashEOYFMVAmt
Sav And Temp Cash Invst BOY	$307,070	SavAndTempCashInvstBOYAmt
Other Investments BOY	$12,134,957	OtherInvestmentsBOYAmt
Other Investments EOY	$12,677,375	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$12,677,375	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$20,631,591	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$693,515	LandBldgEquipAccumDeprecAmt
Land BOY	$20,421,013	LandBOYAmt
Land EOY	$19,938,076	LandEOYAmt
Land EOYFMV	$20,631,591	LandEOYFMVAmt
Other Assets BOY	$7,208,818	OtherAssetsBOYAmt
Other Assets EOY	$19,406,523	OtherAssetsEOYAmt
Other Assets EOYFMV	$9,406,523	OtherAssetsEOYFMVAmt
Total Assets BOY	$40,586,272	TotalAssetsBOYAmt
Total Assets EOY	$52,483,250	TotalAssetsEOYAmt
Total Assets EOYFMV	$43,176,765	TotalAssetsEOYFMVAmt
Accounts Payable EOY	$328	AccountsPayableEOYAmt
Other Liabilities BOY	$7,821,799	OtherLiabilitiesBOYAmt
Other Liabilities EOY	$19,133,610	OtherLiabilitiesEOYAmt
Total Liabilities BOY	$7,821,799	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$19,133,938	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$32,764,473	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$33,349,312	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$32,764,473	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$33,349,312	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$40,586,272	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$52,483,250	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$32,764,473	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$657,925	ExcessRevenueOverExpensesAmt
Subtotal	$33,422,398	SubtotalAmt
Other Decreases	$73,086	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$33,349,312	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Field	Value	IRS element (for citing)
Capital Gain Net Income	$17,089	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$7,101	InvestmentIncomeExciseTaxAmt
Subtotal	$7,101	SubtotalAmt
Tax Based On Investment Income	$7,101	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$160	EsPenaltyAmt
Tax Due	$7,261	TaxDueAmt

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	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
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	KANDPHOLDINGS.COM	WebsiteAddressTxt
Individual With Books	BHARATI SHAH	IndividualWithBooksNm
Phone	8135941026	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET	AddressLine1Txt
Address Line2	SUITE 227	AddressLine2Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	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
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 (5 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
PALLAVI C PATEL MD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	PRESIDENT	000.00	$0	$0	$0
SHILEN PATEL
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	V PRESIDENT	000.00	$0	$0	$0
KIRAN C PATEL MD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	SEC/TREAS	000.00	$0	$0	$0
SONALI JUDD
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	TRUSTEE	000.00	$0	$0	$0
SHEETAL PATEL
5600 MARINER ST	SUITE 200	TAMPA	FL	33609	TRUSTEE	000.00	$0	$0	$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	SHAW ELEMENTARY LEARNING CENTERS SEE WEBSITE FOR PROGRAM DETAILS	Description1Txt
Expenses1	$2,900	Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$12,843	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$48,748	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$51,895,038	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$51,956,629	TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast	$51,956,629	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$779,349	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$51,177,280	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$2,558,864	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$2,558,864	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$7,101	TaxBasedOnInvestmentIncomeAmt
Total Tax	$7,101	TotalTaxAmt
Distributable Before Adj	$2,551,763	DistributableBeforeAdjAmt
Distributable Before Ded	$2,551,763	DistributableBeforeDedAmt
Distributable As Adjusted	$2,551,763	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$82,174	ExpensesAndContributionsAmt
Qualifying Distributions	$82,174	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$82,174	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$2,551,763	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5	$587,527	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$6,805,213	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr2	$6,696,120	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$14,088,860	TotalExcessDistributionCyovAmt
Qualifying Distributions	$82,174	QualifyingDistributionsAmt
Applied To Current Year	$82,174	AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus	$2,469,589	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$2,469,589	ExcessDistributionCyovAppCYAmt
Total Corpus	$11,619,271	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$11,619,271	ExcessDistriCyovToNextYrAmt
Excess From Year4	$4,923,151	ExcessFromYear4Amt
Excess From Year2	$6,696,120	ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Field	Value	IRS element (for citing)
Recipient Person	KIRAN C PATEL MD	RecipientPersonNm

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	5600 MARINER STREET	AddressLine1Txt
Address Line2	SUITE 227	AddressLine2Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33609	ZIPCd

Field	Value	IRS element (for citing)
Recipient Phone	8138068500	RecipientPhoneNum
Recipient Email Address	BHARATI@KANDPHOLDINGS.COM	RecipientEmailAddressTxt
Form And Info And Materials	NONE	FormAndInfoAndMaterialsTxt
Submission Deadlines	NONE	SubmissionDeadlinesTxt
Restrictions On Awards	NONE	RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SHAW ELEMENTARY	BusinessNameLine1Txt

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	1131 N 15TH STREET	AddressLine1Txt
City	TAMPA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33612	ZIPCd

Field	Value	IRS element (for citing)
Recipient Relationship	NONE	RecipientRelationshipTxt
Recipient Foundation Status	501(C)(3)	RecipientFoundationStatusTxt
Grant Or Contribution Purpose	PROGRAMS	GrantOrContributionPurposeTxt
Amt	$2,900	Amt

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$2,900	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$613,454	RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$13,981	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$17,089	RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

DescDesc	Related Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt	BusinessBusinessCd	Unrelated Business Taxbl IncmUnrelatedBusinessTaxblIncmAmt
OTHER NONOPERATING REVENUE	$36,578
TIE TAMPA BAY ANGEL FUND		900099	-$32,943
DFN ALPHA 90-10 FUND		900099	$546,017

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$513,074	UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm	$681,102	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$1,194,176	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

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	Address Line2ContributorUSAddress/AddressLine2Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd
DRS KIRAN AND PALLAVI PATEL
1	5600 MARINER ST	STE 200	TAMPA	FL	33609	$109,419	Yes (X)
CONRIBUTIONS UNDER 5000
2	5600 MARINER ST	STE 200	TAMPA	FL	33609	$11,000	Yes (X)

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (11 entries)

PropertyPropertyDesc	AcquiredAcquiredDt	Cost Or Other BasisCostOrOtherBasisAmt	Prior Year DepreciationPriorYearDepreciationAmt	Computation MethodComputationMethodTxt	LifeLifeRt	Current Year ExpenseCurrentYearExpenseAmt
IDEAL NETWORK SOLUTIONS	2019-06-05	$27,500	$27,500	200DB	5.0000
VOLOGY INC	2019-06-21	$116,720	$116,720	200DB	5.0000
HERTZ FURNITURE - FF	2019-05-03	$31,903	$31,903	200DB	7.0000
COMPUTERS	2019-07-15	$132,756	$132,756	200DB	5.0000
VOLLEYBALL EQUIPMENT	2019-08-06	$84,085	$84,085	200DB	7.0000
INTELIGY TAMPA BAY	2019-07-05	$5,961	$5,961	200DB	7.0000
COLWILL ENGINEERING	2019-07-23	$11,170	$11,170	200DB	7.0000
KYOCERA	2019-09-03	$4,700	$4,700	200DB	7.0000
HERTZ FURNITURE	2019-09-10	$99,210	$99,210	200DB	5.0000
BUILDING	2020-03-31	$17,179,337	$128,478	S/L	39.0000	$440,496
LAND	2020-03-31	$2,938,249

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Listed At Cost Or FMVListedAtCostOrFMVCd	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
DFN MANAGEMENT LLC	AT COST	$11,786,587	$11,786,587
TIE TAMPA ANGEL FUND	AT COST	$890,788	$890,788

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Category Or ItemCategoryOrItemTxt	Cost Or Other BasisCostOrOtherBasisAmt	Accumulated DepreciationAccumulatedDepreciationAmt	Book ValueBookValueAmt	EOYFMVEOYFMVAmt
DEPRECIABLE ASSETS	$17,693,342	$693,515	$16,999,827	$17,693,342
LAND	$2,938,249		$2,938,249	$2,938,249

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	INDIRECT LEGAL FEES	CategoryTxt
Legal Fees	$1,500	LegalFeesAmt
Disbursements Charitable Prps	$1,500	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
ACCRUED INTEREST RECEIVABLE	$782,496	$1,262,496	$1,262,496
OTHER RECEIVABLES		$54,972	$54,972
CONSRTUCTION IN PROGRESS	$211,370	$11,528,144	$1,528,144
OTHER LONG TERM ASSETS	$6,214,952	$6,560,911	$6,560,911

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

DescDesc	AmtAmt
PY FEDERAL TAX	$5,000
BOOK->TAX DEPRECIATION	$68,086

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ADVERTISING	$6,611	$6,611
BANK CHARGES	$421		$421
COMPUTER MAINTENANCE	$9,500	$9,500
MEALS	$367	$367
POSTAGE	$252	$252
SECURITY	$328	$328
PASS-THORUGH EXPENSE	$133,229		$133,229
OTHER ADMINISTRATIVE EXPENSE	$2,783	$2,781

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
OTHER NONOPERATING REVENUE	$36,578	$36,578
TIE TAMPA BAY ANGEL FUND	-$32,943	-$32,943
DFN ALPHA 90-10 FUND	$546,017	$546,017

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt
LINE OF CREDIT	$7,821,799	$18,233,610
DUE TO K&P COM MANAGEMENT LLC		$900,000

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	CONSULTING	CategoryTxt
Amt	$57,935	Amt
Disbursements Charitable Prps	$57,935	DisbursementsCharitablePrpsAmt

DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION 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

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Application Submission Info ApplicationSubmissionInfoGrp

Recipient US Address RecipientUSAddress

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

Recipient US Address RecipientUSAddress

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (3 entries)

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (2 entries)

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp (11 entries)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp (2 entries)

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (4 entries)

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail (2 entries)

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (2 entries)

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

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