SHAHID JAVED AND JAHANARA BURKI FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
SHAHID JAVED AND JAHANARA BURKI FAMILY FOUNDATION INC (EIN 52-2377368)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-06
IRS object ID
201711269349100201
Schema version
2016v3.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2017-05-06T05:40:26-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHUN K YEUNG CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11561 WESTMORELAND STREETAddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP221014443ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN522377368EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SHAHID JAVED & JAHANARA BURKI FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSHAHBusinessNameControlTxt
Phone3019831941PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111112 STACKHOUSE COURTAddressLine1Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJAHANARA BURKIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3019831941PhoneNum
Signature2017-05-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHUN K YEUNG CPAPreparerPersonNm
Phone7037900468PhoneNum
Preparation2017-05-06PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address108.28.240.94IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-06IPDt
IP Tm05:40:19IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD30CA699FD5A2A62FABBAEF9EBB5EA9C244AAE4AAtSubmissionCreationDeviceId
At Submission Filing Device IdD30CA699FD5A2A62FABBAEF9EBB5EA9C244AAE4AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$399,106FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$50,820ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$14,935DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,935DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$65,755TotalRevAndExpnssAmt
Total Net Invst Incm$14,935TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$700AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$4,967OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$4,967OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$179TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$5,846TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,967TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,346TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,967TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$45,409ExcessRevenueOverExpensesAmt
Net Investment Income$9,968NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,285CashBOYAmt
Cash EOY$12,656CashEOYAmt
Cash EOYFMV$12,656CashEOYFMVAmt
Corporate Stock BOY$379,977CorporateStockBOYAmt
Corporate Stock EOY$418,015CorporateStockEOYAmt
Corporate Stock EOYFMV$386,450CorporateStockEOYFMVAmt
Total Assets BOY$385,262TotalAssetsBOYAmt
Total Assets EOY$430,671TotalAssetsEOYAmt
Total Assets EOYFMV$399,106TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$385,262RetainedEarningBOYAmt
Retained Earning EOY$430,671RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$385,262TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$430,671TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$385,262TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$430,671TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$385,262TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$45,409ExcessRevenueOverExpensesAmt
Subtotal$430,671SubtotalAmt
Tot Net Ast Or Fund Balances EOY$430,671TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtDepreciationDepreciationAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtFMV As Of123169FMVAsOf123169AmtAdjusted Basis As Of123169AdjustedBasisAsOf123169AmtExcess FMV Over Adjusted BssExcessFMVOverAdjustedBssAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
JP MORGAN INCME BUILDER FUNDP2012-11-162016-06-02$12,000$0$11,699$301$0$0$0$301
PUTNAM DIVERSIFIED INCOME TRUST FUNDP2012-11-162016-09-08$23,998$0$26,500-$2,502$0$0$0-$2,502
FieldValueIRS element (for citing)
Capital Gain Net Income-$2,201CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Distribution Yr10.000000DistributionYr1Rt
Adjusted Qlfy Distri Yr2$20,858AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$341,054NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.061157DistributionYr2Rt
Adjusted Qlfy Distri Yr3$13,435AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$173,683NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.077354DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$277,294NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.021638DistributionYr4Rt
Adjusted Qlfy Distri Yr5$13,516AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$269,812NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.050094DistributionYr5Rt
Total Distribution0.210243TotalDistributionRt
Average Distribution0.042049AverageDistributionRt
Net Investment Income Pct$100NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$100AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$199InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$199SubtotalAmt
Tax Based On Investment Income$199TaxBasedOnInvestmentIncomeAmt
Original Return Tax Paid$0OriginalReturnTaxPaidAmt
Tax Due$199TaxDueAmt
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 SatisfiedYes (true)Section508eRqrSatisfiedInd
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
Individual With BooksSHAHID BURKIIndividualWithBooksNm
Phone3019831941PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111112 STACKHOUSE COURTAddressLine1Txt
CityPOTOMACCityNm
State AbbreviationMDStateAbbreviationCd
ZIP20854ZIPCd
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
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JAHANARA BURKI
11112 STACKHOUSE COURTPOTOMACMD20854PRESIDENT1.00$0$0$0
SAIRA A BURKI
9 SPRINKLEWOOD COURTPOTOMACMD20854SECRETARY1.00$0$0$0
SAIRAH BURKI
11113 STACKHOUSE COURTPOTOMACMD20854TREASURER1.00$0$0$0
SHAHID JAVED BURKI
11112 STACKHOUSE COURTPOTOMACMD20854DIRECTOR1.00$0$0$0
EMAAD BURKI
9 SPRINKLEWOOD COURTPOTOMACMD20854DIRECTOR1.00$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

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

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

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$199TaxBasedOnInvestmentIncomeAmt
Total Tax$199TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$1,253ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$1,253TotalExcessDistributionCyovAmt
Total Corpus$1,253TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$1,253ExcessDistriCyovToNextYrAmt
Excess From Year2$1,253ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSHAHID JAVED AND JAHANARA BURKIContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE CITIZENS FOUNDATION USA
2425 TOUHY AVEELK GROVE VILLAGEIL60007NCGENERAL SUPPORT OF PROGRAM$3,000
DEVELOPMENTS IN LITERACY
17320 RED HILL AVEIRVINECA92614NCGENERAL SUPPORT OF PROGRAM$1,000
SPORTS PLUS
PO BOX 83274GAITHERSBURGMD20878NCGENERAL SUPPORT OF PROGRAM$1,000
AMERICAN MUSLIM INSTITUTION
110 MARYLAND AVE NE STE 508WASHINGTONDC20002NCGENERAL SUPPORT OF PROGRAM$5,000
WOODROW WILSON CENTER
1300 PENNSYLVANIA AVE NWWASHINGTONDC20004NCGENERAL SUPPORT OF PROGRAM$2,000
IMRAN KHAN CANCER APPEAL
8950 W OLYMPIC BLVDBEVERLY HILLSCA90211NCGENERAL SUPPORT OF PROGRAM$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$14,935UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$14,935UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,935TotalIncomeProducingActyAmt

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 (2 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
NETSOL TECHNOLOGIES INC$130,321$126,100
MUTUAL FUNDS$287,694$260,350

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryRAYMOND JAMES INVESTMENT ADVISORYCategoryTxt
Amt$4,967Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL INCOME TAXCategoryTxt
Amt$179Amt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.