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ANIL AND PRAGATI SHARMA FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ANIL AND PRAGATI SHARMA FAMILY FOUNDATION (EIN 81-4600520)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-10-25
IRS object ID
201922989349101102
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-10-25T09:45:39-07:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221913073PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WARNER DURITZA LOWE & GLASSHEIM PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11600 Hwy 34AddressLine1Txt
CityNeptuneCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07753ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814600520EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANIL AND PRAGATI SHARMA FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlANILBusinessNameControlTxt
Phone7322809060PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH POINTE ROADAddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIL SHARMAPersonNm
Person TitlePresidentPersonTitleTxt
Signature2019-10-25SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS M DURITZA CPAPreparerPersonNm
PTINP00046764PTIN
Phone7322809060PhoneNum
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,268,559FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$22,475InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22,475InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$19,537DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,537DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$89,002NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$2,003,503GrossSalesPriceAmt
Other Income Rev And Expnss$1,396OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$1,396OtherIncomeNetInvstIncmAmt
Total Rev And Expnss-$45,594TotalRevAndExpnssAmt
Total Net Invst Incm$43,408TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$56,163OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$56,163OtherProfFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$10,915OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$320OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$10,595OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$67,078TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$56,483TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$10,595TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,804ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$9,804ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,882TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$56,483TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,399TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$122,476ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,433,633CashBOYAmt
Cash EOY$2,237,847CashEOYAmt
Cash EOYFMV$2,237,847CashEOYFMVAmt
Corporate Stock BOY$933,036CorporateStockBOYAmt
Corporate Stock EOY$990,470CorporateStockEOYAmt
Corporate Stock EOYFMV$1,030,712CorporateStockEOYFMVAmt
Total Assets BOY$2,366,669TotalAssetsBOYAmt
Total Assets EOY$3,228,317TotalAssetsEOYAmt
Total Assets EOYFMV$3,268,559TotalAssetsEOYFMVAmt
Other Liabilities BOY$180,493OtherLiabilitiesBOYAmt
Other Liabilities EOY$1,164,617OtherLiabilitiesEOYAmt
Total Liabilities BOY$180,493TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,164,617TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$2,186,176RetainedEarningBOYAmt
Retained Earning EOY$2,063,700RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,186,176TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,063,700TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,366,669TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,228,317TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,186,176TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$122,476ExcessRevenueOverExpensesAmt
Subtotal$2,063,700SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,063,700TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
INTERACTIVE BROKERS- STOCKSP2018-01-012018-12-31$18,454$16,513$1,941$1,941
INTERTACTIVE BROKERS - EQ & IND OPTIONSP2018-01-012018-12-31$1,985,049$2,075,992-$90,943-$90,943
FieldValueIRS element (for citing)
Capital Gain Net Income-$89,002CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$89,002NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$1,213,356NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2$492,492NetVlNoncharitableAssetsYr2Amt
Net Vl Noncharitable Assets$2,163,458NetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$0AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$20,399QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$3,600EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,600TotalPaymentsAndCreditsAmt
Overpayment$3,600OverpaymentAmt
Applied To ES Tax$3,600AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ANIL SHARMABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7322809060PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1300 SOUTH POINTE ROADAddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ANIL SHARMA
300 S POINTE DR APT 2104MIAMI BEACHFL331397329President1.00$0
PRAGATI SHARMA
300 SOUTH POINTE ROAD 2104MIAMI BEACHFL33139Secretary1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,033,219AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,163,185AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,196,404TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,196,404AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,946CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,163,458NetVlNoncharitableAssetsAmt
Minimum Investment Return$108,173MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$108,173MinimumInvestmentReturnAmt
Distributable Before Adj$108,173DistributableBeforeAdjAmt
Distributable Before Ded$108,173DistributableBeforeDedAmt
Distributable As Adjusted$108,173DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,399ExpensesAndContributionsAmt
Qualifying Distributions$20,399QualifyingDistributionsAmt
Adjusted Qualifying Distri$20,399AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$108,173DistributableAsAdjustedAmt
Qualifying Distributions$20,399QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$20,399AppliedToCurrentYearAmt
Undistributed Income CY$87,774UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ASIPP FOUNDATION INC
81 LAKEVIEW DRIVEPADUCAHKY42001N/AGENERAL & UNRESTRICTED$1,000
PROJECT WRITE NOW
15 WOODLAND STREETLITTLE SILVERNJ07739N/AGENERAL & UNRESTRICTED$2,000
NORTH AMERICAN SPINE SOCIETY
7075 VETERANS BLVDBURR RIDGEIL60527N/AGENERAL & UNRESTRICTED$1,354
SPINE INTERVENTION SOCIETY
120 E OGDEN AVENUE STE 202HINSDALEIL60521N/AGENERAL & UNRESTRICTED$5,000
ST JUDE
262 DANNY THOMAS PLACEMEMPHISTN38105N/AGENERAL & UNRESTRICTED$450
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$9,804TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$22,475ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$19,537ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$89,002ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionAmt
MISCELLANEOUS$361
SUBSTITUTE PAYMENTS LIEU$1,035

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$45,594ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$45,594TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
AAPL$18,046$19,402
IBB$29,626$28,640
IWM$69,918$66,816
QQQ$142,642$155,648
SDY$44,032$44,491
SPY$302,441$311,650
VBK$30,614$31,774
VGK$26,862$23,678
VOT$18,128$18,672
VT$241,073$233,169
VUG$26,243$27,672
VWO$60,752$56,540
XLE$14,623$12,560
CALLS- ENDING$34,530

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
ADMINISTRATIVE FEES$10,528$10,528
BANK CHARGES$194$194
OTHER FEES$126$126
ROUNDING-$2-$2
STATE AND LOCAL FILING FEES$69$69

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
MISCELLANEOUS$361$361
SUBSTITUTE PAYMENTS LIEU$1,035$1,035

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescOUTSTANDING OPTIONSDesc
BOY Book Value$180,493BOYBookValueAmt
EOY Book Value$1,164,617EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
ADVISOR FEES$51,163$51,163$0$0
LEGAL FEES$5,000$5,000$0$0

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