KOTHARI FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: KOTHARI FOUNDATION (EIN 47-1489539)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-04-07
IRS object ID: 202000989349100800
Schema version: 2019v5.0
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
Other Income Schedule2

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-04-07T07:11:54-07:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	954775328	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Scott Krivis & Company	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	20700 Ventura Blvd 234	AddressLine1Txt
City	Woodland Hills	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	91364	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	471489539	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KOTHARI FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KOTH	BusinessNameControlTxt
Phone	7145266316	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2809 MADONNA DRIVE	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92835	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SONNY KOTHARI	PersonNm
Person Title	President & CEO	PersonTitleTxt
Signature	2020-04-07	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Scott Krivis	PreparerPersonNm
PTIN	P00478930	PTIN
Phone	8185947200	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

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

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$180,109	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$170	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$170	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$170	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$7,659	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$7,659	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$7,659	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	$41,797	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$514,158	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$41,797	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$122,316	OtherIncomeRevAndExpnssAmt
Total Rev And Expnss	$352,051	TotalRevAndExpnssAmt
Total Net Invst Incm	$49,626	TotalNetInvstIncmAmt
Total Adj Net Incm	$7,829	TotalAdjNetIncmAmt
Tot Opr Expenses Rev And Expnss	$0	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$24,650	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$24,650	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$24,650	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$24,650	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$327,401	ExcessRevenueOverExpensesAmt
Net Investment Income	$49,626	NetInvestmentIncomeAmt
Adjusted Net Income	$7,829	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Other Investments BOY	$487,323	OtherInvestmentsBOYAmt
Other Investments EOY	$814,724	OtherInvestmentsEOYAmt
Total Assets BOY	$487,323	TotalAssetsBOYAmt
Total Assets EOY	$814,724	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$487,323	RetainedEarningBOYAmt
Retained Earning EOY	$814,724	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$487,323	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$814,724	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$487,323	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$814,724	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$487,323	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$327,401	ExcessRevenueOverExpensesAmt
Subtotal	$814,724	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$814,724	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
MERRILL LYNCH 02168	P	2000-01-01	2019-12-31	$88,333	$80,000	$8,333	$8,333
MERRILL LYNCH 02210	P	2019-01-01	2019-12-31	$254,724	$257,381	-$2,657	-$2,657
MERRILL LYNCH 02210	P	2000-01-01	2019-12-31	$171,101	$134,980	$36,121	$36,121

Field	Value	IRS element (for citing)
Capital Gain Net Income	$41,797	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	-$2,657	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$993	InvestmentIncomeExciseTaxAmt
Subtotal	$993	SubtotalAmt
Tax Based On Investment Income	$993	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$5	EsPenaltyAmt
Tax Due	$998	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	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	false	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	SONNY KOTHARI	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	7145266316	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	2809 MADONNA DRIVE	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92835	ZIPCd

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

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	SONNY KOTHARI	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2809 MADONNA DRIVE	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92835	ZIPCd

Field	Value	IRS element (for citing)
Title	President & CEO	TitleTxt
Average Hrs Per Wk Devoted To Pos	0.00	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt

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

Minimum Investment Return MinimumInvestmentReturnGrp

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

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Tax Based On Investment Income	$993	TaxBasedOnInvestmentIncomeAmt
Total Tax	$993	TotalTaxAmt
Distributable Before Adj	$993	DistributableBeforeAdjAmt
Distributable Before Ded	$993	DistributableBeforeDedAmt
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$24,650	ExpensesAndContributionsAmt
Qualifying Distributions	$24,650	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$24,650	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$0	DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1	$28,900	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$28,900	TotalExcessDistributionCyovAmt
Qualifying Distributions	$24,650	QualifyingDistributionsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus	$24,650	RemainingDistriFromCorpusAmt
Total Corpus	$53,550	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$53,550	ExcessDistriCyovToNextYrAmt
Excess From Year1	$28,900	ExcessFromYear1Amt
Excess From Current Year	$24,650	ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
OCSA FOUNDATION
1010 NORTH MAIN STREET	SANTA ANA	CA	92701	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$4,500
PATHWAYS OF HOPE
PO BOX 6326	FULLERTON	CA	92834	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$5,000
VARIOUS
VARIOUS	VARIOUS	CA	90025	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$7,650
SUNNY HILLS HIGH SCHOOL
804 W HIGHLANDER AVE	LA HABRA	CA	90631	PC	CONTRIBUTION TO SUPPORT PUBLIC SCHOOL'S MISSION	$5,000
PATHWAY OF HOPE
EMAIL ADDRESS ONLY	NOT APPLICABLE	CA	90025	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$2,500

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$24,650	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	$170	RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$7,659	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$41,797	RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN IN STOCK	Desc
Related Or Exempt Function Incm	$122,316	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$171,942	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$171,942	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

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	SONNY KOTHARI	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	2809 MADONNA DRIVE	AddressLine1Txt
City	FULLERTON	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	92835	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$180,109	TotalContributionsAmt
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	VARIOUS STOCKS	NoncashPropertyDesc
Fair Market Value	$180,109	FairMarketValueAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN IN STOCK	Desc
Revenue And Expenses Per Books	$122,316	RevenueAndExpensesPerBooksAmt

KOTHARI FOUNDATION: Form 990PF, tax year 2019

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

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

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

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

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Non Cash Property Contribution NonCashPropertyContributionGrp

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

Comments