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ANIL AND PRAGATI SHARMA FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ANIL AND PRAGATI SHARMA FAMILY FOUNDATION (EIN 81-4600520)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-25
IRS object ID
202502989349100105
Schema version
2024v5.2
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)
Return2025-10-25T06:22:21-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221913073PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DURITZA LOWE GLASSHEIM & YURSHA 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 Begin2024-01-01TaxPeriodBeginDt

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 S POINTE DRIVE 1402AddressLine1Txt
CityMIAMI BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP33139ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIL SHARMAPersonNm
Person TitlePresidentPersonTitleTxt
Phone7322809060PhoneNum
Signature2025-10-25SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDOUGLAS M DURITZA CPAPreparerPersonNm
PTINP00046764PTIN
Phone7322809060PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$24,066,360FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$3,000,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$669,554InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$669,554InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$180,324DividendsRevAndExpnssAmt
Dividends Net Invst Incm$180,324DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$3,285,621NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,522,630GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$3,285,621CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$3,241OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$3,241OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$7,138,740TotalRevAndExpnssAmt
Total Net Invst Incm$4,138,740TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$3,995AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$3,995AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$91,214TaxesRevAndExpnssAmt
Taxes Net Invst Incm$91,214TaxesNetInvstIncmAmt
Trav Conf Meeting Rev And Expnss$11,345TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$11,345TravConfMeetingNetInvstIncmAmt
Other Expenses Rev And Expnss$89,282OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$89,282OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$195,836TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$195,836TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$293,289ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$293,289ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$489,125TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$195,836TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$293,289TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$6,649,615ExcessRevenueOverExpensesAmt
Net Investment Income$3,942,904NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$12,735,994CashBOYAmt
Cash EOY$7,728,191CashEOYAmt
Cash EOYFMV$7,728,191CashEOYFMVAmt
Corporate Stock BOY$7,675,155CorporateStockBOYAmt
Corporate Stock EOY$17,706,417CorporateStockEOYAmt
Corporate Stock EOYFMV$16,338,169CorporateStockEOYFMVAmt
Total Assets BOY$20,411,149TotalAssetsBOYAmt
Total Assets EOY$25,434,608TotalAssetsEOYAmt
Total Assets EOYFMV$24,066,360TotalAssetsEOYFMVAmt
Other Liabilities BOY$7,012,084OtherLiabilitiesBOYAmt
Other Liabilities EOY$5,385,928OtherLiabilitiesEOYAmt
Total Liabilities BOY$7,012,084TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,385,928TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$13,399,065RetainedEarningBOYAmt
Retained Earning EOY$20,048,680RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$13,399,065TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$20,048,680TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$20,411,149TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$25,434,608TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$13,399,065TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$6,649,615ExcessRevenueOverExpensesAmt
Subtotal$20,048,680SubtotalAmt
Tot Net Ast Or Fund Balances EOY$20,048,680TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
INTERACTIVE BROKERSP2024-01-012024-12-31$12,948,218$9,868,706$3,079,512$3,079,512
INTERACTIVE BROKERS-EQ & IND OPTIONS-2P2024-01-012024-12-31$1,463,496$1,368,303$95,193$95,193
INTERACTIVE BROKERS - EQ & IND OPTIONS-2P2024-01-012024-12-31$110,916$110,916$110,916
FieldValueIRS element (for citing)
Capital Gain Net Income$3,285,621CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$54,806InvestmentIncomeExciseTaxAmt
Subtotal$54,806SubtotalAmt
Tax Based On Investment Income$54,806TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$57,250ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$57,250TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$2,635EsPenaltyAmt
Tax Due$191TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateFLOrgReportOrRegisterStateCd
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 ROAD APT 1402AddressLine1Txt
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12023UndistributedIncomePY1Yr
Undistributed Income PY22022UndistributedIncomePY2Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
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 1402MIAMI BEACHFL331397329President1.00$0
PRAGATI SHARMA
300 S POINTE DR APT 1402MIAMI BEACHFL331397329Secretary1.00$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$9,872,716AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$8,310,582AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$18,183,298TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$18,183,298AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$272,749CashDeemedCharitableAmt
Net Vl Noncharitable Assets$17,910,549NetVlNoncharitableAssetsAmt
Minimum Investment Return$895,527MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$895,527MinimumInvestmentReturnAmt
Tax Based On Investment Income$54,806TaxBasedOnInvestmentIncomeAmt
Total Tax$54,806TotalTaxAmt
Distributable Before Adj$840,721DistributableBeforeAdjAmt
Distributable Before Ded$840,721DistributableBeforeDedAmt
Distributable As Adjusted$840,721DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$293,289ExpensesAndContributionsAmt
Qualifying Distributions$293,289QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$840,721DistributableAsAdjustedAmt
Undistributed Income PY$412,769UndistributedIncomePYAmt
Prior Year12022PriorYear1Yr
Total For Prior Years$2,951TotalForPriorYearsAmt
Qualifying Distributions$293,289QualifyingDistributionsAmt
Applied To Year1$293,289AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Prior Year Undistributed Incm$2,951PriorYearUndistributedIncmAmt
Taxable1$2,951Taxable1Amt
Taxable2$119,480Taxable2Amt
Undistributed Income CY$840,721UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SOCIETY FOR MEDICAL EDUCATION
300 S POINTE DRIVE APT 1402MIAMI BEACHFL33139N/AGENERAL & UNRESTRICTED$268,289
START UP COSTS-ONE WORLD ONE TABLE
300 S PONTE DRIVE APT 1402MIAMI BEACHFL33139N/AGENERAL & UNRESTRICTED$25,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$293,289TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$669,554ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$180,324ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,285,621RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescSUBSTITUTE PAYMENTS LIEUDesc
Exclusion$3,241ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$853,119ExclusionAmt
Related Or Exempt Function Incm$3,285,621RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,138,740TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,995Amt
Net Investment Income$3,995NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
BANK CHARGES$68$68
COMPUTERS & EQUIPMENT$4,365$4,365
EVENTS EXPENSE$81,115$81,115
OTHER FEES- (1141 + 3006)$3,734$3,734

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescSUBSTITUTE PAYMENTS LIEUDesc
Revenue And Expenses Per Books$3,241RevenueAndExpensesPerBooksAmt
Net Investment Income$3,241NetInvestmentIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail (3 entries)

DescDescBOY Book ValueBOYBookValueAmtEOY Book ValueEOYBookValueAmt
OUTSTANDING OPTIONS$4,397,717$2,981,615
OUTSTANDING OPTIONS -2$175,909
$2,438,458$2,404,313

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
2023- PF$79,780$79,780
2023-4720$885$885
OTHER NOTICES$5,999$5,999
PRIOR YEAR NOTICES$4,550$4,550

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