KOTHARI FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization: KOTHARI FOUNDATION (EIN 47-1489539)
Tax period: 2018-01-01 to 2018-12-31
Filed: 2019-03-15
IRS object ID: 201940749349100004
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
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-03-15T06:23:28-07:00	ReturnTs
Tax Period End	2018-12-31	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	2018-01-01	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	2019-03-15	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	2018	TaxYr
Build TS	2019-02-21 02:37:17Z	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	$100,736	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$197	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$197	InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm	$197	InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss	$6,955	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$6,955	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$6,955	DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss	-$14,354	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$501,757	GrossSalesPriceAmt
Total Rev And Expnss	$93,534	TotalRevAndExpnssAmt
Total Net Invst Incm	$7,152	TotalNetInvstIncmAmt
Total Adj Net Incm	$7,152	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$1,249	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$1,249	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$28,900	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$28,900	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$30,149	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$28,900	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$63,385	ExcessRevenueOverExpensesAmt
Net Investment Income	$7,152	NetInvestmentIncomeAmt
Adjusted Net Income	$7,152	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Other Investments BOY	$451,855	OtherInvestmentsBOYAmt
Other Investments EOY	$487,323	OtherInvestmentsEOYAmt
Total Assets BOY	$451,855	TotalAssetsBOYAmt
Total Assets EOY	$487,323	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind
Retained Earning BOY	$451,855	RetainedEarningBOYAmt
Retained Earning EOY	$487,323	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$451,855	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$487,323	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$451,855	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$487,323	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$451,855	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$63,385	ExcessRevenueOverExpensesAmt
Subtotal	$515,240	SubtotalAmt
Other Decreases	$27,917	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$487,323	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	2010-01-01	2018-12-31	$76,648	$70,000	$6,648	$6,648
MERRILL LYNCH 02210	P	2018-01-01	2018-12-31	$397,129	$415,087	-$17,958	-$17,958
MERRILL LYNCH 02210	P	2010-01-01	2018-12-31	$27,980	$31,024	-$3,044	-$3,044

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$14,354	CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss	-$17,958	NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$143	InvestmentIncomeExciseTaxAmt
Subtotal	$143	SubtotalAmt
Tax Based On Investment Income	$143	TaxBasedOnInvestmentIncomeAmt
Tax Due	$143	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
Form990 T Filed	false	Form990TFiledInd
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
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
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
Transactions Fail To Qlfy As Exc	false	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	false	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Proceeds Or Net Income	false	ProceedsOrNetIncomeInd
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	$143	TaxBasedOnInvestmentIncomeAmt
Total Tax	$143	TotalTaxAmt
Distributable Before Adj	$143	DistributableBeforeAdjAmt
Distributable Before Ded	$143	DistributableBeforeDedAmt
Distributable As Adjusted	$0	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$28,900	ExpensesAndContributionsAmt
Qualifying Distributions	$28,900	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$28,900	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

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

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 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
AMERICAN RED CROSS
11355 OHIO AVENUE	LOS ANGELES	CA	90025	PC	SUPPORT TO HELP VICITIMS OF WILDFIRES	$1,000
PATHWAYS OF HOPE
PO BOX 6326	FULLERTON	CA	92834	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$7,500
VARIOUS
VARIOUS	VARIOUS	CA	90025	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$1,400
FULLERTON'S LOVE OF OC KIDS
1038 E BASTANCHURY ROAD 265	FULLERTON	CA	92835	PC	CONTRIBUTION TO SUPPORT CHARITIES MISSION	$2,500
SUSAN G KOMEN
5005 LBJ Freeway SUITE 506	DALLAS	TX	75244	PC	HELP FIGHT BREAST CANCER	$1,000
LA HABRA HIGH SCHOOL
804 W HIGHLANDER AVE	LA HABRA	CA	90631	PC	CONTRIBUTION TO SUPPORT PUBLIC SCHOOL'S MISSION	$7,500
HUMANE SOCIETY
402 BRYANT STREET	OJAI	CA	93023	PC	DONATION TO HELP CHARITY FIGHT ANIMAL ABUSE	$1,000
WE BELONG TOGETHER
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	$28,900	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	$197	RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$6,955	RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	-$14,354	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	-$7,202	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$7,202	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 (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Noncash ContributionNoncashContributionInd
SONNY KOTHARI
1	2809 MADONNA DRIVE	FULLERTON	CA	92835	$100,736	Yes (X)
SONNY KOTHARI
2	2809 MADONNA DRIVE	FULLERTON	CA	92835	$50,548	Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
1	30 SHARES OF GOOGLE AND 85 SHARES OF BERSHIRE HATHAWAY	$100,736	2018-01-05
2	450 SHARES OF MICROSOFT	$50,548	2018-08-31

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	IRS FORM 990	CategoryTxt
Amt	$1,249	Amt

KOTHARI FOUNDATION: Form 990PF, tax year 2018

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 (9 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

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp (2 entries)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Comments