DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- DRS KIRAN & PALLAVI PATEL FAMILYFOUNDATION INC (EIN 20-3916634)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-01-09
- IRS object ID
- 202000099349100300
- Schema version
- 2018v3.1
- 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
- Depreciation Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Land Etc Schedule2
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-01-09T06:59:02-06:00 | ReturnTs |
| Tax Period End | 2019-06-30 | 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 | 346695005 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | 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 | 8135066080 | PhoneNum |
| Signature | 2020-01-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GERALD L BIRCH CPA | PreparerPersonNm |
| PTIN | P00290598 | PTIN |
| Phone | 7057172725 | PhoneNum |
| Preparation | 2020-01-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | 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 | $45,528,725 | 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 | $10,857,992 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $498,614 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $348,494 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $498,614 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $264,365 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $264,365 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $264,365 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$3,241,578 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $30,141,244 | GrossSalesPriceAmt |
| Other Income Rev And Expnss | -$579,199 | OtherIncomeRevAndExpnssAmt |
| Other Income Adj Net Incm | -$579,199 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $7,800,194 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $612,859 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $183,780 | TotalAdjNetIncmAmt |
| Other Prof Fees Rev And Expnss | $9,400 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $9,400 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $280,878 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $280,878 | InterestNetInvstIncmAmt |
| Taxes Rev And Expnss | $2 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $176,123 | DeprecAndDpltnRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $105,996 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $92,380 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $13,616 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $572,399 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $373,260 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $23,016 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $8,427,782 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $8,427,782 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $9,000,181 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $373,260 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,450,798 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,199,987 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $239,599 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $183,780 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $243,480 | CashBOYAmt |
| Cash EOY | $831,267 | CashEOYAmt |
| Cash EOYFMV | $831,267 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $11,143,814 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $10,983,724 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $10,983,724 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $15,305,051 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $11,276,839 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $11,276,839 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,114,371 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $8,350 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $33,527,387 | LandBOYAmt |
| Land EOY | $3,106,021 | LandEOYAmt |
| Land EOYFMV | $2,938,249 | LandEOYFMVAmt |
| Other Assets BOY | $2,032,442 | OtherAssetsBOYAmt |
| Other Assets EOY | $19,498,646 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $19,498,646 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $62,252,174 | TotalAssetsBOYAmt |
| Total Assets EOY | $45,696,497 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $45,528,725 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $180,000 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $17,665 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $27,988,293 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $12,245,336 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $28,168,293 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $12,263,001 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $34,083,881 | UnrestrictedBOYAmt |
| Unrestricted EOY | $33,433,496 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $34,083,881 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $33,433,496 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $62,252,174 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $45,696,497 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $34,083,881 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,199,987 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,353,599 | OtherIncreasesAmt |
| Subtotal | $35,237,493 | SubtotalAmt |
| Other Decreases | $1,803,997 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $33,433,496 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,624,678 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $50,117,968 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.032417 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $7,668,134 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $17,281,336 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.443723 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $802,550 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $4,337,819 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.185012 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $3,468,007 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $2,866,136 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 1.209994 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,220,663 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,219,504 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 1.000950 | DistributionYr5Rt |
| Total Distribution | 2.872096 | TotalDistributionRt |
| Average Distribution | 0.574419 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $35,189,409 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $20,213,465 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2,396 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $20,215,861 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $8,450,798 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4,792 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $4,792 | SubtotalAmt |
| Tax Based On Investment Income | $4,792 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $199 | EsPenaltyAmt |
| Tax Due | $4,991 | 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 | USF FOUNDATION SEE WEBSITE FOR PROGRAM DETAILS | Description1Txt |
| Expenses1 | $4,000,000 | Expenses1Amt |
| Description2 | AUROVEDA OPERATING FOUNDATION CHARITABLE TRUST SEE WEBSITE FOR PROGRAM DETAILS | Description2Txt |
| Expenses2 | $2,500,000 | Expenses2Amt |
| Description3 | SHAKTIKRUPA CHARITABOE TRUST SEE WEBSITE FOR PROGRAM DETAILS | Description3Txt |
| Expenses3 | $1,000,000 | Expenses3Amt |
| Description4 | SHAW ELEMENTARY SCHOOL SEE WEBSITE FOR PROGRAM DETAILS | Description4Txt |
| Expenses4 | $278,312 | Expenses4Amt |
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 | $1,571,427 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $272,354 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $33,881,507 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $35,725,288 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $35,725,288 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $535,879 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $35,189,409 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,759,470 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,759,470 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4,792 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4,792 | TotalTaxAmt |
| Distributable Before Adj | $1,754,678 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $1,754,678 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $1,754,678 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,450,798 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $8,450,798 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $8,450,798 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,754,678 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,166,916 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,327,954 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $587,527 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $6,805,213 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $11,887,610 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,450,798 | QualifyingDistributionsAmt |
| Applied To Current Year | $1,754,678 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $6,696,120 | RemainingDistriFromCorpusAmt |
| Total Corpus | $18,583,730 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,166,916 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $17,416,814 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,327,954 | ExcessFromYear4Amt |
| Excess From Year3 | $587,527 | ExcessFromYear3Amt |
| Excess From Year2 | $6,805,213 | ExcessFromYear2Amt |
| Excess From Current Year | $6,696,120 | ExcessFromCurrentYearAmt |
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 (22 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt | Address Line2RecipientUSAddress/AddressLine2Txt | Address Line1RecipientForeignAddress/AddressLine1Txt | Address Line2RecipientForeignAddress/AddressLine2Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRICA COLLEGE FUND | |||||||||||||||
| 204 RADIACE CIRCLE | FAIRFIELD | IA | 52556 | NONE | 501(C)(3) | PROGRAMS | $7,970 | ||||||||
| AUROVEDA OPERATING FOUNDATION | |||||||||||||||
| 5327 COMMERICAL WAY | SPRING HILL | FL | 34606 | NONE | 501(C)(3) | PROGRAMS | $2,500,000 | CHARITABLE TRUST | SUITE C113 | ||||||
| CHARITY POLO CLASSIC INC | |||||||||||||||
| 13014 N DALE MABRY HWY | TAMPA | FL | 33618 | NONE | 501(C)(3) | PROGRAMS | $5,000 | SUITE 520 | |||||||
| HINDU FAMILY SUPPORT SERVICES INC | |||||||||||||||
| 28959 WESLEY CHAPEL BLVD | WESLEY CHAPEL | FL | 33543 | NONE | 501(C)(3) | PROGRAMS | $5,000 | HFSSUSA | |||||||
| HOPE INC | |||||||||||||||
| 5103 N CENTRAL AVE | TAMPA | FL | 33603 | NONE | 501(C)(3) | PROGRAMS | $8,000 | ||||||||
| HUMAN SERVICE TRUST ZAMBIA | |||||||||||||||
| NONE | 501(C)(3) | PROGRAMS | $60,000 | PO BOX 50431 LUSAKA | PLOT NUMBER 9091 | MAKENI | ZAMBIA | ZA | |||||||
| INTERNATIONAL WATER ASSOCIATION | |||||||||||||||
| NONE | PROGRAMS | $70,000 | ALLIANCE HOUSE | 12 CAXTON STREET | LONDON | UK | SW1H0QS | ||||||||
| KERALA RELIEF FUND | |||||||||||||||
| NONE | PROGRAMS | $150,000 | STRAIGHT FORWARD | SECRETARIAT STATUE | THIRUVANANTHAPURAM | KERALA | IN | 695001 | |||||||
| LIONS CLUB OF MOORPARK FUNDRAISING | |||||||||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | NONE | PROGRAMS | $7,500 | |||||||||
| MAHARISHI UNIVERSITY MANAGEMENT | |||||||||||||||
| 1000 NORTH FOURTH ST | FAIRFIELD | IA | 52557 | NONE | PROGRAMS | $10,000 | |||||||||
| MIND BODY AND SOUL HEALTH MINT | |||||||||||||||
| 907 N PARSON AVE | BRANDON | FL | 33510 | NONE | 501(C)(3) | PROGRAMS | $15,000 | ||||||||
| NOVA SOUTHEASTERN UNIVERSITY | |||||||||||||||
| 311 COLLEGE AVE | FOR LAUDERDALE | FL | 33315 | NONE | 501(C)(3) | PROGRAMS | $50,000 | ||||||||
| RICHARD C CONDORELLI MEMORIAL FUND | |||||||||||||||
| 32 SOUTH ST | WALTHAM | MA | 02453 | NONE | 501(C)(3) | PROGRAMS | $56,000 | SUITE 100 | |||||||
| SHAKTIKRUPA CHARITABLE TRUST | |||||||||||||||
| NONE | PROGRAMS | $1,000,000 | AT PO TALUKA SINOR DIS | MOTA FOFALIA | GUJARAT | IN | |||||||||
| SHAW ELEMENTARY SCHOOL | |||||||||||||||
| 1131 N 15TH STREET | TAMPA | FL | 33612 | NONE | 501(C)(3) | PROGRAMS | $278,312 | ||||||||
| SIAC | |||||||||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | NONE | PROGRAMS | $1,000 | |||||||||
| STAGEWORKS | |||||||||||||||
| 1120 E KENNEDY BLVD | TAMPA | FL | 33602 | NONE | 501(C)(3) | PROGRAMS | $2,500 | SUITE 151 | |||||||
| TAMPA MUSTANGE 05 | |||||||||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | NONE | 501(C)(3) | PROGRAMS | $1,000 | ||||||||
| USF FOUNDATION | |||||||||||||||
| 4202 EAST FOWLER AVE | TAMPA | FL | 33620 | NONE | 501(C)3) | PROGRAMS | $4,000,000 | ||||||||
| VISHNU MANDIR | |||||||||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | NONE | 501(C)(3) | PROGRAMS | $500 | ||||||||
| VISHWA SAMWAD EDUCATION FOUNDATION | |||||||||||||||
| NONE | PROGRAMS | $140,000 | HAJIPUR | LARLOI | GUJARAT | IN | |||||||||
| SEED EDUCATION CORPORATION | |||||||||||||||
| 444 SPEAR STREET | SAN FRANCISCO | CA | 94105 | PROGRAMS | $60,000 | SUITE 213 | |||||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $8,427,782 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | $150,120 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | $348,494 | RelatedOrExemptFunctionIncmAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $264,365 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 900099 | BusinessCd |
| Unrelated Business Taxbl Incm | -$42,702 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | -$3,198,876 | RelatedOrExemptFunctionIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIPS | Desc |
| Related Or Exempt Function Incm | -$579,199 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $107,418 | UnrelatedBusinessTaxblIncmAmt |
| Related Or Exempt Function Incm | -$3,165,216 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$3,057,798 | 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 (15 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 | $9,537,565 | Yes (X) |
| KIRAN SONIL PATIL | |||||||
| 7 | 5600 MARINER ST | SUITE 200 | TAMPA | FL | 33609 | $5,500 | Yes (X) |
| SRI AYYAPPA SOCIETY TAMPA | |||||||
| 13 | 6829 MAPLE LN | TAMPA | FL | 33610 | $75,000 | Yes (X) | |
| CONRIBUTIONS UNDER 5000 | |||||||
| 2 | 5600 MARINER ST | STE 200 | TAMPA | FL | 33609 | $18,926 | Yes (X) |
| CHARITABLE LEGACY INC | |||||||
| 8 | 1101 E CUMBERLAND AVE | TAMPA | FL | 33602 | $5,001 | Yes (X) | |
| VINANTA MUNDRA | |||||||
| 14 | 12113 WASATCH CT | TAMPA | FL | 33624 | $10,000 | Yes (X) | |
| K&P PARTNERS LP | |||||||
| 3 | 5600 MARINER ST | TAMPA | FL | 33609 | $486,000 | Yes (X) | |
| GOVIND PADMINI RAJAN | |||||||
| 9 | 4908 64TH DR W | BRADENTON | FL | 34210 | $10,000 | Yes (X) | |
| TEJSVI CHARITABLE TRUST | |||||||
| 15 | 17936 CACHET ISLE DR | TAMPA | FL | 33647 | $5,000 | Yes (X) | |
| DRS KIRAN PALLAVI PATEL | |||||||
| 4 | 5600 MARINER STREET | SUITE 200 | TAMPA | FL | 33609 | $10,000 | Yes (X) |
| MAHESH PATEL MD PA | |||||||
| 10 | 403 E MLK JR BLVD | TAMPA | FL | 33603 | $5,000 | Yes (X) | |
| HITESH ANJNI PATEL | |||||||
| 5 | 2427 KENT PL | CLEARWATER | FL | 33764 | $255,000 | Yes (X) | |
| MANGAL MADHU KATILINENI | |||||||
| 11 | 9316 BELLE TERRE WAY | POTAMIC | MD | 20854 | $5,000 | Yes (X) | |
| KIRAN PALLAVI INVESTMENTS | |||||||
| 6 | 5600 MARINER ST | SUITE 200 | TAMPA | FL | 33609 | $425,000 | Yes (X) |
| NILESH G JAGRUTI PATEL | |||||||
| 12 | 3314 S DALE MABRY HWY | TAMPA | FL | 33610 | $5,000 | Yes (X) | |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt |
|---|---|---|---|---|---|
| IDEAL NETWORK SOLUTIONS | 2019-06-05 | $27,500 | 200DB | 5.0000 | $27,500 |
| VOLOGY INC | 2019-06-21 | $116,720 | 200DB | 5.0000 | $116,720 |
| HERTZ FURNITURE | 2019-05-03 | $31,903 | 200DB | 7.0000 | $31,903 |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (7 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|
| AMERICA'S 1ST CHOICE HOLDINGS OF FL | 2016-01 | PURCHASE | 2018-02 | $4,799,588 | $3,500,000 | $1,299,588 |
| K&P COM MANAGEMENT LLC | 2016-11 | PURCHASE | 2018-08 | $17,980,462 | $22,603,548 | -$4,623,086 |
| MERRILL LYNCH - SEE ATTACHMENT | PURCHASE | $1,041,048 | $1,169,420 | -$128,372 | ||
| MERRILL LYNCH - SEE ATTACHMENT | PURCHASE | $2,162,597 | $1,506,746 | $655,851 | ||
| MERRILL LYNCH - SEE ATTACHMENT | PURCHASE | $2,835,765 | $3,350,568 | -$514,803 | ||
| MERRILL LYNCH - SEE ATTACHMENT | PURCHASE | $1,321,784 | $1,209,838 | $111,946 | ||
| DFN ALPHA 90-10 FUND LP K-1 | PURCHASE | $42,702 | -$42,702 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DFN MANAGEMENT LLC | AT COST | $10,316,973 | $10,316,973 |
| GOOD SHEPARD LEASING COMPANY | AT COST | ||
| SEED EDUCATION CORPORATION | AT COST | ||
| TIE TAMPA ANGEL FUND | AT COST | $959,866 | $959,866 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | LAND | CategoryOrItemTxt |
| Cost Or Other Basis | $2,938,248 | CostOrOtherBasisAmt |
| Book Value | $2,938,248 | BookValueAmt |
| EOYFMV | $2,938,249 | EOYFMVAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt | BOY Book ValueBOYBookValueAmt |
|---|---|---|---|
| ACCRUED INTEREST RECEIVABLE | $302,496 | $302,496 | |
| CONSRTUCTION IN PROGRESS | $12,941,443 | $12,941,443 | |
| OTHER LONG TERM ASSETS | $6,221,977 | $6,221,977 | $2,032,442 |
| SECURITY DEPOSIT | $32,730 | $32,730 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN - PY | Desc |
| Amt | $1,803,997 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (9 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| EXPENSES | |||
| ADVERTISISNG | $7,500 | $7,500 | |
| BANK CHARGES | $294 | $294 | |
| INVESTMENT EXPENSE | $92,380 | $92,380 | |
| MARKETING | $2,423 | $2,423 | |
| POSTAGE | $1,209 | $1,209 | |
| PRINTING | $1,055 | $1,055 | |
| SPECIAL EVENTS EXPENSE | $1,000 | $1,000 | |
| TRAINING | $135 | $135 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PARTNERSHIPS | Desc |
| Revenue And Expenses Per Books | -$579,199 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | -$579,199 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACE ENDOWMENT 2017 | $2,665 |
| ADJUST FOR LINE ITEMS ON OTHER ENTITIES | $167,019 |
| BOOK->TAX CAPITAL GAIN | $10,520 |
| BOOK->TAX DEPRECIATION | $167,773 |
| K&P EDUCATIONAL TRUST NET ASSETS | $529,677 |
| UNREALIZED GAIN - CY | $1,475,945 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (6 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| ADVANCES FROM DRS K&P PATEL | $187,695 | |
| BANK OF AMERICA | $9,195,537 | $9,195,537 |
| BANK OVERDRAFT | $608,206 | |
| DUE TO ACE ENDOWMENT | $64,385 | |
| DUE TO K&P PARTNERS | $17,932,470 | |
| LINE OF CREDIT | $3,049,799 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING | CategoryTxt |
| Amt | $9,400 | Amt |
| Disbursements Charitable Prps | $9,400 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $2 | Amt |
| Net Investment Income | $2 | NetInvestmentIncomeAmt |
Comments