PREM & SANDHYA JAIN FAMILY FOUNDATION INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
PREM & SANDHYA JAIN FAMILY FOUNDATION INC (EIN 27-1291216)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-04-17
IRS object ID
201721079349100307
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)
Return2017-04-17T08:12:01-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KRS Tax & Investments IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11680 The Alameda Suite DAddressLine1Txt
CitySan JoseCityNm
State AbbreviationCAStateAbbreviationCd
ZIP95126ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN271291216EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE PREM & SANDHYA JAIN FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPREMBusinessNameControlTxt
Phone5107700503PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12300 GENG ROADAddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPREM JAINPersonNm
Person TitlePresidentPersonTitleTxt
Signature2017-04-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKENNETH R SYMONSPreparerPersonNm
PTINP00443697PTIN
Phone4084183282PhoneNum
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$2,241,151FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,094,404ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$194InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$194InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$194InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$5,734DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,734DividendsNetInvstIncmAmt
Dividends Adj Net Incm$5,734DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$877,255NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$1,970,548GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$877,255CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$29,877NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$1,977,587TotalRevAndExpnssAmt
Total Net Invst Incm$883,183TotalNetInvstIncmAmt
Total Adj Net Incm$35,805TotalAdjNetIncmAmt
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$76,124ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$76,124ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,124TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$76,124TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,901,463ExcessRevenueOverExpensesAmt
Net Investment Income$883,183NetInvestmentIncomeAmt
Adjusted Net Income$35,805AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$372CashBOYAmt
Cash EOY$371CashEOYAmt
Cash EOYFMV$371CashEOYFMVAmt
Sav And Temp Cash Invst BOY$299,933SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,200,287SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,200,287SavAndTempCashInvstEOYFMVAmt
Corporate Stock EOY$1,109CorporateStockEOYAmt
Corporate Stock EOYFMV$40,493CorporateStockEOYFMVAmt
Total Assets BOY$300,305TotalAssetsBOYAmt
Total Assets EOY$2,201,767TotalAssetsEOYAmt
Total Assets EOYFMV$2,241,151TotalAssetsEOYFMVAmt
Other Liabilities BOY$1OtherLiabilitiesBOYAmt
Total Liabilities BOY$1TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Capital Stock BOY$300,304CapitalStockBOYAmt
Capital Stock EOY$2,201,767CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$300,304TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,201,767TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$300,305TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,201,767TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$300,304TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,901,463ExcessRevenueOverExpensesAmt
Subtotal$2,201,767SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,201,767TotNetAstOrFundBalancesEOYAmt

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
7945 SHARES BROCADE COMMUNICATIONS SYS INCP2016-02-022016-10-01$98,323$68,446$29,877$29,877
UBS SEE ATTACHED STATEMENTP2001-02-022016-10-05$1,872,225$1,024,847$847,378$847,378
FieldValueIRS element (for citing)
Capital Gain Net Income$877,255CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$29,877NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$17,664InvestmentIncomeExciseTaxAmt
Subtotal$17,664SubtotalAmt
Tax Based On Investment Income$17,664TaxBasedOnInvestmentIncomeAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Tax Due$17,664TaxDueAmt

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 Line1FRANCIS LA POLLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6504938070PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12300 GENG ROAD STE 200AddressLine1Txt
CityPALO ALTOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94303ZIPCd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonPREM JAINPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line145269 RUTHERFORD TERRACEAddressLine1Txt
CityFREMONTCityNm
State AbbreviationCAStateAbbreviationCd
ZIP945396062ZIPCd
FieldValueIRS element (for citing)
TitlePresidentTitleTxt
Average Hrs Per Wk Devoted To Pos10.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
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$42,276AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$484,514AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$526,790TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$526,790AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$7,902CashDeemedCharitableAmt
Net Vl Noncharitable Assets$518,888NetVlNoncharitableAssetsAmt
Minimum Investment Return$25,944MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$25,944MinimumInvestmentReturnAmt
Tax Based On Investment Income$17,664TaxBasedOnInvestmentIncomeAmt
Total Tax$17,664TotalTaxAmt
Distributable Before Adj$8,280DistributableBeforeAdjAmt
Distributable Before Ded$8,280DistributableBeforeDedAmt
Distributable As Adjusted$8,280DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$76,124ExpensesAndContributionsAmt
Qualifying Distributions$76,124QualifyingDistributionsAmt
Adjusted Qualifying Distri$76,124AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,280DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$51,139ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$24,100ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$54,386ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$129,625TotalExcessDistributionCyovAmt
Qualifying Distributions$76,124QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$8,280AppliedToCurrentYearAmt
Remaining Distri From Corpus$67,844RemainingDistriFromCorpusAmt
Total Corpus$197,469TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$197,469ExcessDistriCyovToNextYrAmt
Excess From Year4$51,139ExcessFromYear4Amt
Excess From Year3$24,100ExcessFromYear3Amt
Excess From Year1$54,386ExcessFromYear1Amt
Excess From Current Year$67,844ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
JAIN CENTER OF NORTHERN CALIFORNIA
722 SOUTH MAIN STREETMILPITASCA95035NONEDONATION FOR JCNC HIKE & PATHSHALA AND JYP SPONSORSHIP$8,321
JAINA
722 S MAIN STMILPITASCA95035NONEEDUCATING YOUTH$3,001
SIDDHACHALAM
65 MUD POND ROADBLAIRSTOWNNJ07825NONEMAINTENANCE OF SIDDHACHALAM TEMPLES AND RELIGIOUS ACTIVITIES$1,101
GRADUATE THEOLOGICAL UNION
2400 RIDGE ROADBERKELEYCA94709NONESUPPORT FOR JAIN STUDIES$2,500
JAIN EDUCATION AND RESEARCH FOUNDAT
3601 SW 137 AVEMIRAMARFL33027NONETOWARDS JAIN STUDIES PROGRAM AT UNIVERSITY OF TEXAS$50,000
SATYARTHI
1420 NEW YORK AVENUE NW SUITE 850WASHINGTONDC20005NONESUPPORTING WORK IN CREATING A WORLD FREE OF VIOLENCE AGAINST CHILDREN$5,000
ACTION FOR INDIA
1104 RIVERSIDE DRIVELOS ALTOSCA94024NONEPHILANTHROPIC PROJECTS FOR THE FUTURE OF INDIA$2,500
HINDU AMERICAN FOUNDATION
910 SEVENTEETH ST NW SUITE 316AWASHINGTONDC20006NONEEDUCATIONAL INITIATIVES ON INTERNATIONAL HUMAN RIGHTS$2,501
JAIN EDUCATION AND RESEARCH FOUNDAT
2800 SW 193RD TERRACEMIRAMARFL33029NONESUPPORT OF JAIN STUDIES PROGRAM AT FLORIDA INTERNATIONAL UNIVERSITY$1,200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$76,124TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$194RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$5,734RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$877,255RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$883,183RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$883,183TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

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

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionInd
PREM SANDHYA JAIN
145269 RUTHERFORD TERRACEFREMONTCA945396062$1,031,641Yes (X)
PREM SANDHYA JAIN
245269 RUTHERFORD TERRACEFREMONTCA945396062$1,002,073Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
1EQUITIES$1,031,6412016-10-04
2EQUITIES$1,002,0732016-12-08

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockAMAZON.COMStockNm
EOY Book Value$1,109EOYBookValueAmt
EOYFMV$40,493EOYFMVAmt

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