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ADISH AND ASHA JAIN FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
ADISH AND ASHA JAIN FOUNDATION INC (EIN 47-1833801)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-03-07
IRS object ID
201630679349100403
Schema version
2015v2.0
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)
Return2016-03-07T11:31:50-08:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Chokshi Mund & Raczkowski PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line135 Cold Spring Road Suite 424AddressLine1Txt
CityRocky HillCityNm
State AbbreviationCTStateAbbreviationCd
ZIP060673164ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN471833801EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ADISH AND ASHA JAIN FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlADISBusinessNameControlTxt
Phone8606338853PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line150 GREENSWOOD PLACEAddressLine1Txt
CitySOUTH GLASTONBURYCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06073ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonADISH JAINPersonNm
Person TitlePresidentPersonTitleTxt
Signature2016-03-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJames D RaczkowskiPreparerPersonNm
PTINP00183396PTIN
Phone8605632854PhoneNum
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$319,096FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$351,105ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$7InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$7InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$3,810DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,810DividendsNetInvstIncmAmt
Dividends Adj Net Incm$3,810DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$14,071NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$14,076GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$14,071CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$368,993TotalRevAndExpnssAmt
Total Net Invst Incm$17,888TotalNetInvstIncmAmt
Total Adj Net Incm$3,817TotalAdjNetIncmAmt
Legal Fees Rev And Expnss$558LegalFeesRevAndExpnssAmt
Legal Fees Dsbrs Chrtbl$558LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$1,285AccountingFeesRevAndExpnssAmt
Accounting Fees Chrtbl Prps$1,285AccountingFeesChrtblPrpsAmt
Other Expenses Rev And Expnss$550OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl$550OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$2,393TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$2,393TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$15,475ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$15,475ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$17,868TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$17,868TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$351,125ExcessRevenueOverExpensesAmt
Net Investment Income$17,888NetInvestmentIncomeAmt
Adjusted Net Income$3,817AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$135,401CashEOYAmt
Cash EOYFMV$135,401CashEOYFMVAmt
Corporate Stock EOY$215,729CorporateStockEOYAmt
Corporate Stock EOYFMV$183,695CorporateStockEOYFMVAmt
Total Assets EOY$351,130TotalAssetsEOYAmt
Total Assets EOYFMV$319,096TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted EOY$351,130UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances EOY$351,130TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$0TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$351,130TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Excess Revenue Over Expenses$351,125ExcessRevenueOverExpensesAmt
Other Increases$5OtherIncreasesAmt
Subtotal$351,130SubtotalAmt
Tot Net Ast Or Fund Balances EOY$351,130TotNetAstOrFundBalancesEOYAmt

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
.756 AT&T CASH IN LIEUD1995-01-272015-07-27$26$5$21$21
493 DIRECT TVD1995-01-272015-07-27$14,050$14,050$14,050
FieldValueIRS element (for citing)
Capital Gain Net Income$14,071CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$358InvestmentIncomeExciseTaxAmt
Subtotal$358SubtotalAmt
Tax Based On Investment Income$358TaxBasedOnInvestmentIncomeAmt
Tax Due$358TaxDueAmt

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
Org Report Or Register StateCTOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressADISHANDASHAJAINFOUNDATION.ORGWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1ADISH JAINBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8606338853PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line150 GREENSWOOD PLACEAddressLine1Txt
CityGLASTONBURYCityNm
State AbbreviationCTStateAbbreviationCd
ZIP060732900ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
ADISH JAIN
50 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900President5.00$0
ASHA JAIN
50 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900Vice President1.00$0
SAMIR JAIN
39 ORCHARD FARM LANEAVONCT06001Director1.00$0
SAPNA VASISHT
13 KNOTTINGHAM DRIVEVOORHEESNJ08043Director1.00$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$135,079AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$69,780AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$204,859TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$204,859AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,073CashDeemedCharitableAmt
Net Vl Noncharitable Assets$201,786NetVlNoncharitableAssetsAmt
Minimum Investment Return$10,089MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$10,089MinimumInvestmentReturnAmt
Tax Based On Investment Income$358TaxBasedOnInvestmentIncomeAmt
Total Tax$358TotalTaxAmt
Distributable Before Adj$9,731DistributableBeforeAdjAmt
Distributable Before Ded$9,731DistributableBeforeDedAmt
Distributable As Adjusted$9,731DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$17,868ExpensesAndContributionsAmt
Qualifying Distributions$17,868QualifyingDistributionsAmt
Adjusted Qualifying Distri$17,868AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,731DistributableAsAdjustedAmt
Qualifying Distributions$17,868QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$9,731AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,137RemainingDistriFromCorpusAmt
Total Corpus$8,137TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$8,137ExcessDistriCyovToNextYrAmt
Excess From Current Year$8,137ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerADISH JAINContributingManagerNm
Contributing ManagerASHA JAINContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonADISH AND ASHA JAIN FOUNDATION INCRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 4AddressLine1Txt
CityEAST GLASTONBURYCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06025ZIPCd
FieldValueIRS element (for citing)
Recipient Phone8606338853RecipientPhoneNum
Recipient Email AddressADISHANDASHAJAINFOUNDATION.ORGRecipientEmailAddressTxt
Form And Info And MaterialsAN INITIAL APPLICATION IS AVAILABLE ONLINE AT ADISHANDASHAJAINFOUNDATION.ORG.FormAndInfoAndMaterialsTxt
Submission DeadlinesBY SEPTEMBER 30 OF CURRENT ANNUAL YEARSubmissionDeadlinesTxt
Restrictions On AwardsAWARDS WILL GENERALLY BE MADE TO U.S TAX EXEMPT ORGANIZATIONS FOCUSING ON MEDICAL CARE AND EDUCATION IN DEVELOPING COUNTRIES.RestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CT VALLEY HINDU TEMPLE SOCIETY
11 TRAINING HILL RDMIDDLETOWNCT06457NonePCLAND IMPROVEMENTS$5,000
EKAL VIDYALAYA FOUNDATION OF USA
1712 HWY 6 SOUTH STE AHOUSTONTX77077NonePCEDUCATION FUNDING$5,475
DESTINATION HOPE
450 SUTTER STSAN FRANCISCOCA94108NonePCMEDICAL MISSION - PHILIPPINES$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$15,475TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$3,810RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,071RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$17,888RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$17,888TotalIncomeProducingActyAmt

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 ContributionsTotalContributionsAmtPerson ContributionPersonContributionIndNoncash ContributionNoncashContributionInd
ADISH JAIN
150 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900$180,576Yes (X)Yes (X)
ASHA JAIN
250 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900$170,529Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNumNoncash PropertyNoncashPropertyDescFair Market ValueFairMarketValueAmtReceivedReceivedDt
12500 SHARES OF FORD MOTOR CO65 SHARES OF DANAHER CORP$45,2012015-06-19
22500 SHARES OF FORD MOTOR CO65 SHARES OF DANAHER CORP906 SHARES OF JOHN DEERE493 SHARES OF DIRECT TV$170,5292015-06-19

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING AND TAXCategoryTxt
Amt$1,285Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$1,285DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
5000 FORD$79,275$70,450
906 JOHN DEERE$81,431$69,101
932 AT&T$43,897$32,070
130 DANAHER$11,126$12,074

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryGENERAL BUSINESS AND ORGANIZATIONALCategoryTxt
Legal Fees$558LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$558DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FILING FEES$175$175
LICENSES,AND REGISTRATIONS$207$207
OUTSIDE SERVICES$168$168

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescBOOK VERSUS TAX GAIN ON INVESTMENTSDesc
Amt$5Amt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCd
ADISH JAIN
50 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900
ASHA JAIN
50 GREENSWOOD PLACESOUTH GLASTONBURYCT060732900

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