PRANAN FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PRANAN FOUNDATION INC (EIN 82-3201792)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-04
IRS object ID
202003099349100115
Schema version
2019v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-04T10:29:23-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581540139PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEPHEN M BERMAN & ASSOCIATES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13445 PEACHTREE ROAD NE SUITE 1150AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30326ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN823201792EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PRANAN FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPRANBusinessNameControlTxt
Phone6786400143PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1115 WILDERBLUFF COURTAddressLine1Txt
CitySANDY SPRINGSCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30328ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVIKAS VERMAPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6786400143PhoneNum
Signature2020-11-04SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEPHEN M BERMANPreparerPersonNm
PTINP00031703PTIN
Phone4042622181PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address74.7.2.126IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-04IPDt
IP Tm11:27:42IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id290CB09337987A97396345C2A0F3B1DF11F128D0AtSubmissionCreationDeviceId
At Submission Filing Device IdB9B57C3C0A66CC94343CCCD9DB390116EBA80572AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$968,228FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$362,393ContriRcvdRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$362,393TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$0CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$0CompOfcrDirTrstDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$27,626ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$27,626ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$27,626TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$27,626TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$334,767ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$633,461CashBOYAmt
Cash EOY$968,228CashEOYAmt
Cash EOYFMV$968,228CashEOYFMVAmt
Total Assets BOY$633,461TotalAssetsBOYAmt
Total Assets EOY$968,228TotalAssetsEOYAmt
Total Assets EOYFMV$968,228TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$0CapitalStockBOYAmt
Capital Stock EOY$0CapitalStockEOYAmt
Additional Paid In Capital BOY$0AdditionalPaidInCapitalBOYAmt
Additional Paid In Capital EOY$0AdditionalPaidInCapitalEOYAmt
Retained Earning BOY$633,461RetainedEarningBOYAmt
Retained Earning EOY$968,228RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$633,461TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$968,228TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$633,461TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$968,228TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$633,461TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$334,767ExcessRevenueOverExpensesAmt
Other Increases$0OtherIncreasesAmt
Subtotal$968,228SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$968,228TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 Tax0LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$25,018AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$294,273NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.085016DistributionYr1Rt
Adjusted Qlfy Distri Yr2$11,015AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$277,016NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.039763DistributionYr2Rt
Total Distribution0.124779TotalDistributionRt
Average Distribution0.062390AverageDistributionRt
Net Vl Noncharitable Assets$630,926NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$39,363AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$0NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$39,363AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$27,626QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$0SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$0EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$0TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Tax Due$0TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr Satisfied0Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateGAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksVIKAS VERMAIndividualWithBooksNm
Phone6786400143PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1115 WILDERBLUFF COURTAddressLine1Txt
CitySANDY SPRINGSCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30328ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
VIKAS VERMA
115 WILDERBLUFF COURTSANDY SPRINGSGA30328PRESIDENT1.00$0$0$0
ACHALA VERMA
115 WILDERBLUFF COURTSANDY SPRINGSGA30328VICE PRESIDENT1.00$0$0$0
RITU V GORDON
115 WILDERBLUFF COURTSANDY SPRINGSGA30328SECRETARY1.00$0$0$0
PRIYANKA VERMA
115 WILDERBLUFF COURTSANDY SPRINGSGA30328TREASURER1.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$640,534AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$640,534TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$640,534AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,608CashDeemedCharitableAmt
Net Vl Noncharitable Assets$630,926NetVlNoncharitableAssetsAmt
Minimum Investment Return$31,546MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$31,546MinimumInvestmentReturnAmt
Total Tax$0TotalTaxAmt
Distributable Before Adj$31,546DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$31,546DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$31,546DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$27,626ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$27,626QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$0PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$27,626AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$31,546DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr2$10,028ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$10,304ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$20,332TotalExcessDistributionCyovAmt
Qualifying Distributions$27,626QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$27,626AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$3,920ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$3,920ExcessDistributionCyovAppCYAmt
Total Corpus$16,412TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$16,412ExcessDistriCyovToNextYrAmt
Excess From Year2$6,108ExcessFromYear2Amt
Excess From Year1$10,304ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
FAIRFIELD COUNTY FOUNDATION
162 EAST MAIN STREETLANCASTEROH43130N/APUBLICGENERAL FUNDS TO FURTHER THE FOUNDATION'S MISSION$4,000
LIFE UNIVERSITY
1269 BARCLAY CIRMARIETTAGA30060N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$1,000
RAKSHA INC
PO BOX 12337ATLANTAGA30355N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$2,500
SENIOR CITIZENS PROGRAM INC
4059 KESWICK DRIVEATLANTAGA30339N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$2,000
ST JUDE CHILDREN'S HOSPITAL
53 PERIMETER CTR E STE 100ATLANTAGA30346N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$3,000
PROMISE OF JUSTICE INITIATIVE
636 BARONNE STNEW ORLEANSLA70113N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$2,000
STEPHEN SILLER TUNNELL OF TOWERS FOUNDATION
2361 HYLAN BLVDSTATEN ISLANDNY10306N/APUBLICGENERAL FUNDS TO FURTHER THE FOUNDATION'S MISSION$2,000
COOL GIRLS INC
1382 W PEACHTREE ST NEATLANTAGA30309N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$5,625
NEVE MICHAEL CHILDREN'S VILLAGE
PO BOX 260067PEMBROKE PINESFL33026N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$1,000
MAHA GANAPATI TEMPLE OF ARIZONA
51293 W TEEL RDMARICOPAAZ85139N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$2,001
REKHTA AMERICAS INC
201 E 62ND ST APT 12DNEW YORKNY10065N/APUBLICGENERAL FUNDS TO FURTHER THE ORGANIZATION'S MISSION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$27,626TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$0ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$0TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities Etc0SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO0RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1THE VERMA FAMILY CHARITABLE TRUSTBusinessNameLine1Txt

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1990 HAMMOND DRAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30328ZIPCd
FieldValueIRS element (for citing)
Total Contributions$362,393TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

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