WADHWANI OPERATING FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- WADHWANI OPERATING FOUNDATION (EIN 38-3840804)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-17
- IRS object ID
- 201433219349102938
- Schema version
- 2013v3.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Cash Distribution Expln Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-11-17T17:42:32-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 943145806 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EICHSTAEDT & LERVOLD LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 CALIFORNIA STREET STE 3550 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 383840804 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WADHWANI OPERATING FOUNDATION CO REALIZE CPA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WADH | BusinessNameControlTxt |
| Phone | 4153625990 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 CALIFORNIA STREET STE 3550 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROMESH WADHWANI | PersonNm |
| Person Title | DIRECTOR | PersonTitleTxt |
| Phone | 4153625990 | PhoneNum |
| Signature | 2014-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TRACY HOM | PreparerPersonNm |
| PTIN | P01085786 | PTIN |
| Phone | 4153625990 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-12-30 17:16:21Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $57,105,571 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $258,520 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $21 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $219,599 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $219,599 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $937 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $483,426 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $483,426 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $75,044 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $312,721 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,298,534 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $508,693 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Net Invst Incm | $88,622 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $193,548 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $334,522 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,090,181 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,405,266 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $300,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $300,000 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $124,727 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $98,360 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $63,927 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $67,053 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $44,965 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $44,965 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $36,775 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $36,775 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $536,630 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $484,847 | OtherProfFeesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $542 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Trav Conf Meeting Rev And Expnss | $75,953 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $72,419 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $58,276 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $768,733 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $503,658 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $56,281 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,241,795 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $768,733 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $503,658 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,160,700 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $815,372 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,057,167 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $768,733 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $503,658 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,160,700 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$1,722,645 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,321,448 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $901,608 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $9,341,482 | CashBOYAmt |
| Cash EOY | $521,788 | CashEOYAmt |
| Cash EOYFMV | $521,788 | CashEOYFMVAmt |
| Sav And Temp Cash Invst EOY | $239,180 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $239,180 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $186,844 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $189,939 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $189,939 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $0 | CorporateStockBOYAmt |
| Corporate Stock EOY | $20,843 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $20,843 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $46,240,259 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $56,117,378 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $56,117,378 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $17,628 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,185 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $10,276 | LandBOYAmt |
| Land EOY | $16,443 | LandEOYAmt |
| Land EOYFMV | $16,443 | LandEOYFMVAmt |
| Total Assets BOY | $55,778,861 | TotalAssetsBOYAmt |
| Total Assets EOY | $57,105,571 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $57,105,571 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $10,418 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $51,783 | AccountsPayableEOYAmt |
| Other Liabilities BOY | $1,257,765 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,655,908 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $1,268,183 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,707,691 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $54,510,678 | RetainedEarningBOYAmt |
| Retained Earning EOY | $55,397,880 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $54,510,678 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $55,397,880 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $55,778,861 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $57,105,571 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $54,510,678 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$1,722,645 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,609,847 | OtherIncreasesAmt |
| Subtotal | $55,397,880 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $55,397,880 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (10 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | Cost Or Other BasisCostOrOtherBasisAmt |
|---|---|---|---|---|---|
| SCHF US, LP | P | $484,097 | $484,097 | $484,097 | |
| SCHF US, LP | P | $573,775 | $573,775 | $573,775 | |
| SCHF US, LP | P | $1,393 | $1,393 | $1,393 | |
| SCHF US, LP | P | -$24,673 | -$24,673 | $24,673 | |
| TENNENBAUM OPPORTUNITIES FUND VI | P | $24,596 | $24,596 | $24,596 | |
| TENNENBAUM OPPORTUNITIES FUND VI | P | $13,441 | $13,441 | $13,441 | |
| 6937 SHS INFOBLOX (UBS) | D | $166,429 | $149,527 | $149,527 | $16,902 |
| 5757 SHS RUCKUS WIRELESS (UBS) | D | $73,821 | $69,788 | $69,788 | $4,033 |
| IRI ESCROW | P | $72,471 | $72,471 | $72,471 | |
| LESS: AMOUNT REPORTED ON FORM 990-T AS UBTI | P | -$65,881 | -$65,881 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,298,534 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $508,693 | NetShortTermCapitalGainLossAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $445,532 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $42,018,337 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.010603 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $1,901,253 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $38,383,824 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.049533 | DistributionYr2Rt |
| Total Distribution | 0.060136 | TotalDistributionRt |
| Average Distribution | 0.030068 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $55,160,447 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $1,658,564 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $13,214 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $1,671,778 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,826,607 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $13,214 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $13,214 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $13,214 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $186,844 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $186,844 | TotalPaymentsAndCreditsAmt |
| Overpayment | $173,630 | OverpaymentAmt |
| Applied To ES Tax | $173,630 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | REALIZE CPA LLP | IndividualWithBooksNm |
| Phone | 4153625990 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 CALIFORNIA STREET STE 3550 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94111 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ROMESH T WADHWANI | ||||||||
| 2475 HANOVER STREET | PALO ALTO | CA | 94304 | CEO/DIRECTOR | 0.50 | $0 | $0 | $0 |
| KATHLEEN E WADHWANI | ||||||||
| 2475 HANOVER STREET | PALO ALTO | CA | 94304 | SECRETARY/CFO/DIRECTOR | 0.50 | $0 | $0 | $0 |
| AJAY KELA | ||||||||
| 2475 HANOVER STREET | PALO ALTO | CA | 94304 | EXECUTIVE DIRECTOR | 40.00 | $300,000 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LAURA PARKIN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 MOUNT PLEASANT STREET 4 | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02140 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | EXECUTIVE DIRECTOR | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $58,333 | CompensationAmt |
| Employee Benefits | $0 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | WADHWANI OPPORTUNITY NETWORK FOR DISABLED (OND) PROJECT. TO MAINSTREAM EDUCATED, YOUNG PERSONS WITH DISABILITIES (PWD) INTO SUSTAINABLE, HIGH-QUALITY CORPORATE JOBS, AND TO MAKE CORPORATIONS RECOGNIZE THE VALUE OF HIRING THE DISABLED. INITIATIVE FOCUSED ON PROVIDING ACCESS TO TALENTED MANPOWER TOOL; NETWORK OF SUPPORT PARTNERS, SHARING TRAINING KNOW-HOW, EDUCATING EMPLOYERS TO BE INCLUSIVE | Description1Txt |
| Expenses1 | $49,362 | Expenses1Amt |
| Description2 | THE NATIONAL ENTREPRENEURSHIP NETWORK IS ESTABLISHED TO CREATE AND SUPPORT HIGH GROWTH ENTREPRENEURS, DRIVING JOB-CREATION AND ECONOMIC GROWTH. FOCUSES ON HIGH-IMPACT ENTREPRENEURSHIP EDUCATION; ACCESS TO MENTORS, EXPERTS AND ADVANCED PEDAGOGY; FAST-TRACK ACCESS TO INCUBATION; FUNDING LEARNING TOOLS AND MATERIALS. ALSO FOCUSES ON DEVELOPING A VIBRANT ECOSYSTEM IN THE COUNTRY BY BUILDING INSTITUTIONAL CAPACITY AND INSPIRING, EDUCATING & SUPPORTING HIGH POTENTIAL ENTREPRENEURS TO CREATE HIGH-VALUE JOBS | Description2Txt |
| Expenses2 | $229,671 | Expenses2Amt |
| Description3 | QUALIFIED SET ASIDE (SEE ATTACHMENT) | Description3Txt |
| Expenses3 | $585,700 | Expenses3Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $15,345 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $11,554,588 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $44,430,521 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,000,454 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $56,000,454 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $840,007 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,160,447 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,758,022 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,160,700 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $80,207 | CharitableAssetsAcquisPaidAmt |
| Set Aside Cash Distri Test | $585,700 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $1,826,607 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $13,214 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,813,393 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $901,608 | CurrentYearAmt |
| Year1 | $393,076 | Year1Amt |
| Year2 | $1,170,760 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $2,465,444 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $766,367 | CurrentYearAmt |
| Year1 | $334,115 | Year1Amt |
| Year2 | $995,146 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $2,095,627 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,826,607 | CurrentYearAmt |
| Year1 | $445,532 | Year1Amt |
| Year2 | $1,901,253 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $4,173,392 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $0 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,826,607 | CurrentYearAmt |
| Year1 | $445,532 | Year1Amt |
| Year2 | $1,901,253 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $4,173,392 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,838,681 | CurrentYearAmt |
| Year1 | $1,055,249 | Year1Amt |
| Year2 | $1,279,461 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $4,173,391 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROMESH T WADHWANI | ContributingManagerNm |
| Contributing Manager | KATHLEEN E WADHWANI | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 33112 SET ASIDE | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2475 HANOVER STREET | AddressLine1 |
| City | PALO ALTO | City |
| State | CA | State |
| ZIP Code | 94304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PRIVATE OPERATING FO | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | TO PROVIDE CURRICULUM CONTENT AND TEACHER TRAINING | GrantOrContributionPurposeTxt |
| Amt | $229,672 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $229,672 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 123113 SET ASIDE | BusinessNameLine1 |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2475 HANOVER STREET | AddressLine1 |
| City | PALO ALTO | City |
| State | CA | State |
| ZIP Code | 94304 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Foundation Status | PRIVATE OPERATING FO | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | SEE ATTACHED DESCRIPTION OF SET ASIDE | GrantOrContributionPurposeTxt |
| Amt | $585,700 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $585,700 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $937 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $75,044 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $76,002 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $76,002 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1 | CityContributorUSAddress/City | StateContributorUSAddress/State | ZIP CodeContributorUSAddress/ZIPCode | Total ContributionsTotalContributionsAmt | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|
| ROMESH WADHWANI | ||||||
| 1 | 26170 FREMONT ROAD | LOS ALTOS HILLS | CA | 94022 | $163,297 | Yes (X) |
| ROMESH WADHWANI | ||||||
| 2 | 26170 FREMONT ROAD | LOS ALTOS HILLS | CA | 94022 | $74,380 | Yes (X) |
| ROMESH WADHWANI | ||||||
| 3 | 26170 FREMONT ROAD | LOS ALTOS HILLS | CA | 94022 | $20,843 | Yes (X) |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 6,937 SHARES OF INFLOBLOX INC. | $163,297 | 2013-05-03 |
| 2 | 5,757 SHARES OF RUCKUS WIRELESS INC. | $74,380 | 2013-12-12 |
| 3 | 1,612 SHARES OF RUCKUS WIRELESS INC. | $20,843 | 2013-12-13 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $36,775 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $36,775 | DisbursementsCharitablePrpsAmt |
Cash Distribution Expln Stmt CashDistributionExplnStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | WADHWANI OPERATING FOUNDATIONATTACHMENT TO FORM 990-PFSET-ASIDE UNDER SECTION 4942(G)(2)TAX YEAR ENDING DECEMBER 31, 2013EIN: 38-3840804TREASURY REGULATION 53.4942(A)-3(B)(7)(II)(A)-(E) (A) WADHWANI OPERATING FOUNDATION IS SETTING ASIDE $585,700 OF ITS DISTRIBUTABLE AMOUNT FOR ITS TAX YEAR ENDING DECEMBER 31, 2013 FOR THREE SPECIFIC PROJECTS (THE "PROJECTS"). A DESCRIPTION OF THE NATURE AND PURPOSES OF THE PROJECTS FOLLOWS. NAME OF PROJECT: RACE TO A JOB (UNITED STATES)AMOUNT SET ASIDE: $185,000NATURE AND PURPOSE OF THE PROJECT: THIS PROJECT WORKS TO EXPAND CAREER AND TECHNICAL EDUCATION PROGRAMS IN THE UNITED STATES. IN FURTHERANCE OF THIS PROJECT, THE FOUNDATION WORKS WITH COMMUNITY COLLEGES IN THE UNITED STATES. THE SPECIFIC PORTION OF THE PROJECT FOR WHICH THE FOUNDATION IS SETTING ASIDE FUNDS IS THE CONTENT DEVELOPMENT. NAME OF PROJECT:DISTRIBUTION OF TECHNICAL EDUCATIONAL CONTENT AND CURRICULUM (INDIA)AMOUNT SET ASIDE:$100,000NATURE AND PURPOSE OF PROJECT: AFTER DEVELOPING CURRICULUM CONTENT TO INCREASE EMPLOYABILITY OF THOSE IN TERTIARY EDUCATION IN A PARTICULAR FIELD AND TESTING THE CONTENT IN A PILOT PROGRAM, THE FOUNDATION WIDELY DISTRIBUTES THAT CONTENT TO OTHER PARTNERS WORKING IN FIELDS THAT RECRUIT SIMILAR SKILL SETS. THE SPECIFIC PORTION OF THE PROJECT FOR WHICH THE FOUNDATION IS SETTING ASIDE FUNDS IS THE DISTRIBUTION OF CURRICULUM.NAME OF PROJECT: ECONOMIC DEVELOPMENT - JOB TRAINING CURRICULUM DEVELOPMENT (INDIA)AMOUNT SET ASIDE: $150,000NATURE AND PURPOSE OF THE PROJECT: THE FOUNDATION'S ECONOMIC DEVELOPMENT PROGRAMS INCLUDE DEVELOPMENT OF SPECIFIC AND HANDS-ON JOB TRAINING COURSES FOR ENTRY LEVEL JOBS. INDIVIDUALS WHO PARTICIPATE IN THESE COURSES WILL HAVE THE SKILLS NEEDED TO DO A CERTAIN JOB. THE FOUNDATION IS IN THE RESEARCH AND DEVELOPMENT PHASE OF THIS PROJECT, WHICH WAS DELAYED AS DESCRIBED, BELOW. THE SPECIFIC PORTION OF THE PROJECT FOR WHICH THE FOUNDATION IS SETTING ASIDE FUNDS IS RESEARCH ON APPROPRIATE TRAINING COURSES AND DEVELOPMENT OF CONTENT FOR SUCH COURSES. NAME OF PROJECT: OPPORTUNITY NETWORK FOR DISABLED (INDIA)AMOUNT SET ASIDE: $150,700NATURE AND PURPOSE OF PROJECT: THE FOUNDATION'S OND PROGRAM WORKS TOWARD MAINSTREAMING DIFFERENTLY ABLED PEOPLE IN TO MAINSTREAM CORPORATE JOBS, SO THAT THEY CAN LEAD THEIR LIVES WITH THE DIGNITY AND SELF- RESPECT OF ANY OTHER ABLED PERSON. THE FOUNDATION TRAINS DIFFERENTLY ABLED INDIVIDUALS. THE FOUNDATION PLANNED TO TRAIN 5,000 INDIVIDUALS SO THAT THEY MIGHT SECURE MEANINGFUL EMPLOYMENT. BECAUSE OF THE BUREAUCRATIC DELAYS DESCRIBED, BELOW, THE FOUNDATION'S ENTIRE OND PROGRAM, WAS DELAYED AND THE FOUNDATION WAS ONLY ABLE TO TRAIN A FRACTION OF THE INDIVIDUALS IT HAD PLANNED TO TRAIN. TOTAL $585,700 (B) THE SET-ASIDE AMOUNT WILL BE PAID FOR THE PROJECT NO LATER THAN 60 MONTHS FROM THE DATE OF THE SET-ASIDE. (C) WADHWANI OPERATING FOUNDATION IS IN ITS START-UP PHASE. THE PROJECTS WILL NOT BE COMPLETED BEFORE THE END OF THE TAXABLE YEAR IN WHICH THE SET-ASIDE IS MADE BECAUSE OF MULTIPLE FACTORS. INDIAN PROJECTS: THERE HAVE BEEN NUMEROUS DELAYS IN OBTAINING NECESSARY GOVERNMENT APPROVALS FOR THE FOUNDATION TO FULLY CONDUCT ITS WORK AND HIRE EMPLOYEES IN INDIA. IN ADDITION, THE NONPROFIT AND SOCIAL SECTORS IN INDIA IS STILL RELATIVELY SMALL AND SOMEWHAT UNDERDEVELOPED. FINDING QUALIFIED STAFF TO WORK ON ACHIEVING THE FOUNDATION'S EXEMPT PURPOSES HAS PROVEN A MUCH MORE SIGNIFICANT CHALLENGE THAN ANTICIPATED. GOVERNMENT DELAYS WERE ALSO PARTICULARLY EXACERBATED IN 2013 DUE TO THE COUNTRY'S OVERALL PREPARATION FOR THE INDIA GENERAL ELECTION. IN ADDITION, THERE HAVE BEEN ONGOING POLITICAL UPHEAVALS IN THE INDIAN STATE OF ANDHRA PRADESH THAT HAVE SLOWED THE FOUNDATION'S WORK IN THAT STATE. UNITED STATES PROJECT: THE FOUNDATION HAD PLANNED TO BEGIN TWO PILOT PROGRAMS WITH COMMUNITY COLLEGES TO DEVELOP A PROTOTYPE FOR ONLINE DELIVERY, AS WELL AS CONTENT FOR TWO COURSES, AS PART OF ITS RACE TO A JOB INITIATIVE. WHILE TWO COMMUNITY COLLEGES WERE IDENTIFIED, SECURING THE APPROPRIATE INTERNAL REVIEWS IN ORDER TO BEGIN CONTENT DEVELOPMENT PROVED IMPOSSIBLE BY THE END OF THE FOUNDATION'S TAX YEAR. (D) STATEMENT SHOWING THE DISTRIBUTABLE AMOUNTS DETERMINED UNDER IRC 4942(D) FOR ANY PAST TAXABLE YEARS IN THE PRIVATE FOUNDATION'S START-UP AND FULL-PAYMENT PERIODS. THE TAX YEAR ENDING DECEMBER 31, 2013 IS THE SECOND YEAR IN THE FOUNDATION'S START-UP PERIOD. THEREFORE, THE ONLY PAST TAXABLE YEAR IN THE FOUNDATION'S START-UP PERIOD IS THE YEAR ENDING 12/31/2012. PAST TAXABLE YEARS IN THE START-UP AND FULL-PAYMENT PERIODS:2012DISTRIBUTABLE AMOUNT AS DETERMINED UNDER IRC 4942(D):$1,577,539**SEE PAGE 10 OF THE FOUNDATION'S FORM 990-PF FOR INFORMATION ON THE FOUNDATION'S SATISFACTION OF THE PRIVATE OPERATING FOUNDATION TESTS UNDER SECTION 4942(J)(3). (E) STATEMENT SHOWING THE AGGREGATE AMOUNT OF ACTUAL PAYMENTS MADE IN CASH FOR CHARITABLE PURPOSES DURING EACH TAXABLE YEAR IN THE FOUNDATION'S START-UP AND FULL-PAYMENT PERIOD. THIS STATEMENT SHOULD INCLUDE A DETAILED DESCRIPTION OF ANY PAYMENTS THAT ARE TO BE TREATED AS DISTRIBUTED DURING A TAXABLE YEAR PRIOR TO THE TAXABLE YEAR IN WHICH SUCH PAYMENTS WERE ACTUALLY MADE AND, IN ADDITION, SHOULD EXPLAIN THE CIRCUMSTANCES THAT JUSTIFY THE APPLICATION OF THOSE RULES. ACTUAL PAYMENTS IN CASH FOR CHARITABLE PURPOSES: TAX YEAR ENDING: 3/31/12 $894,253 START-UP PERIOD: 12/31/12 $445,532 12/31/13 $1,470,579 12/31/14 N/A 12/31/15 N/A TOTALS $2,810,364 PURSUANT TO TREASURY REGULATION 53.4942(A)-3(B)(4)(IV), THE FOUNDATION INTENDS TO TREAT THE DISTRIBUTION MADE DURING THE TAXABLE YEAR IN WHICH THE FOUNDATION WAS CREATED AS A DISTRIBUTION ACTUALLY MADE DURING THE START-UP PERIOD. | ExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| INFLOBLOX INC | $0 | $0 |
| RUCKUS WIRELESS | $20,843 | $20,843 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (12 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| IRI ESCROW | AT COST | $0 | $0 |
| IRI ROLLOVER | AT COST | $4,856,220 | $4,856,220 |
| IRI WARRANTS | AT COST | $1,248,336 | $1,248,336 |
| ESCROW RECEIVABLE | AT COST | $14,643 | $14,643 |
| UBS SELECT PRIME | FMV | $9,041,074 | $9,041,074 |
| SEQUOIA CAP HERITAGE FUND | FMV | $18,128,350 | $18,128,350 |
| TENNENBAUM OPPORTUNITIES | FMV | $1,930,098 | $1,930,098 |
| GLOBAL OPPORTUNITY FUND | FMV | $4,779,220 | $4,779,220 |
| KOTAK WM INDIA FUND | FMV | $4,695,075 | $4,695,075 |
| ALDATA INVESTMENTS | FMV | $8,059,212 | $8,059,212 |
| WASPIRE INVESTMENTS | FMV | $630,893 | $630,893 |
| VALINOR CREDIT PARTNERS | AT COST | $2,734,257 | $2,734,257 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $44,965 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $44,965 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (8 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK CHARGES | $201 | $201 | $0 | $0 |
| DEDUCTIONS FROM SEQUOIA K1 | $0 | $724,485 | $463,360 | $0 |
| DEDUCTIONS FROM TENNENBAUM K1 | $0 | $41,881 | $38,132 | $0 |
| DEDUCTIONS FROM WASPIRE K1 | $0 | $2,166 | $2,166 | $0 |
| MISCELLANEOUS | $5,230 | $0 | $0 | $3,436 |
| OFFICE EXPENSES | $122 | $0 | $0 | $122 |
| OND EXPENSES | $49,362 | $0 | $0 | $49,362 |
| TELEPHONE & INTERNET | $3,361 | $0 | $0 | $3,361 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BOOK/TAX GAAP ADJUSTMENT | Description |
| Amount | $2,609,847 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| PAYABLE TO WADHWANI FOUNDATION | $247,108 | $279,033 |
| OTHER PAYROLL LIABILITIES | $3,657 | $531 |
| ACCRUED EXPENSES | $0 | $13,316 |
| SET ASIDE (3/31/12) | $1,007,000 | $777,328 |
| SET ASIDE (12/31/13) | $0 | $585,700 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES | CategoryTxt |
| Amt | $536,630 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $484,847 | DisbursementsCharitablePrpsAmt |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KOTAK WM INDIA FUND LIMITED | BusinessNameLine1 |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 33 EDITH CAVELL STREET | AddressLine1 |
| City | PORT LOUIS | City |
| Country | MP | Country |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 000000000 | EIN |
| Desc | NO TRANSFER MADE DURING THE YEAR | Desc |
| Amt | $0 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comments