SHG FOUNDATION: Form 990PF, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SHG FOUNDATION (EIN 94-3328451)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-05-15
- IRS object ID
- 201441359349100544
- Schema version
- 2013v3.1
- 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
- Accounting Fees Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-05-15T11:51:49-07:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Shannon & Snyder CPAs | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 650 N Winchester Blvd 6 | AddressLine1 |
| City | San Jose | City |
| State | CA | State |
| ZIP Code | 951281511 | 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 | 943328451 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHG FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SHGF | BusinessNameControlTxt |
| Phone | 4159229802 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3450 SACRAMENTO STREET | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94118 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MADHAVAN RANGASWAMI | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2014-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | George M Shannon | PreparerPersonNm |
| PTIN | P00426261 | PTIN |
| Phone | 4082418700 | 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 | $745,592 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $14,670 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $14,670 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $35,368 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $97,730 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $35,368 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $295,950 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $345,988 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $50,038 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $3,025 | AccountingFeesRevAndExpnssAmt |
| Interest Rev And Expnss | $4 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $1,653 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $86 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $505,304 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $22 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $509,986 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $108 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $40,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $40,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $549,986 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $108 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $40,000 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$203,998 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $49,930 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,401 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,685 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,685 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $630,855 | CorporateStockBOYAmt |
| Corporate Stock EOY | $595,573 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $742,907 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $166,000 | OtherAssetsBOYAmt |
| Total Assets BOY | $802,256 | TotalAssetsBOYAmt |
| Total Assets EOY | $598,258 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $745,592 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $802,256 | UnrestrictedBOYAmt |
| Unrestricted EOY | $598,258 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $802,256 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $598,258 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $802,256 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $598,258 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $802,256 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$203,998 | ExcessRevenueOverExpensesAmt |
| Subtotal | $598,258 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $598,258 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $35,368 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $46,000 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $891,935 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.05157 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $51,738 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $884,877 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.05847 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $40,000 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $854,818 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.04679 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $54,797 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $779,736 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.07028 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $55,670 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $936,880 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.05942 | DistributionYr5Rt |
| Total Distribution | 0.28653 | TotalDistributionRt |
| Average Distribution | 0.05731 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $732,161 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $41,958 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $499 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $42,457 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $999 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $999 | SubtotalAmt |
| Tax Based On Investment Income | $999 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $3 | EsPenaltyAmt |
| Tax Due | $2 | 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 | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| 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 | MADHAVAN RANGASWAMI | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4159229802 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3450 SACRAMENTO ST 615 | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94118 | ZIPCode |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| MADHAVAN RANGASWAMI | ||||||
| 3450 SACRAMENTO STREET 615 | SAN FRANCISCO | CA | 94118 | President | 5.00 | $0 |
| CONSTANTIN DELIVANIS | ||||||
| 12440 HILLTOP DRIVE | LOS ALTOS HILLS | CA | 94024 | Vice President | 5.00 | $0 |
| 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 | $738,841 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $4,470 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $743,311 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $743,311 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $11,150 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $732,161 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $36,608 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $36,608 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $999 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $999 | TotalTaxAmt |
| Distributable Before Adj | $35,609 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $35,609 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $35,609 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $40,000 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $40,000 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $35,609 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $9,486 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $16,216 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr2 | $8,018 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,308 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $36,028 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $40,000 | QualifyingDistributionsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $35,609 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,391 | RemainingDistriFromCorpusAmt |
| Total Corpus | $40,419 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $9,486 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $30,933 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $16,216 | ExcessFromYear4Amt |
| Excess From Year2 | $8,018 | ExcessFromYear2Amt |
| Excess From Year1 | $2,308 | ExcessFromYear1Amt |
| Excess From Current Year | $4,391 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ROOM TO READ | |||||||
| 111 SUTTER STREET 16TH FLOOR | SAN FRANCISCO | CA | 94118 | NONE | 501(c)(3) | PROVIDE BOOKS FOR LIBRARIES IN RURAL AREAS. | $10,000 |
| JUST READ | |||||||
| 1299 BRYANT AVENUE | MOUNTAIN VIEW | CA | 94040 | NONE | 501(c)(3) | EDUCATE MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS | $10,000 |
| AKSHAYA PATRA | |||||||
| 92 MONTVALE AVENUE 2500 | STONEHAM | MA | 02180 | NONE | 501(c)(3) | PROVIDE SCHOOL LUNCHES TO CHILDREN IN LOW INCOME COMMUNITIES | $10,000 |
| MAITRI | |||||||
| PO BOX 697 | SANTA CLARA | CA | 95052 | NONE | 501(C)3 | AID WOMEN WHO SUFFER FROM DOMESTIC VIOLENCE | $10,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $40,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $14,670 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $35,368 | ExclusionAmt |
Net Income Loss From Special Evt NetIncomeLossFromSpecialEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | -$209,271 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $50,038 | ExclusionAmt |
| Related Or Exempt Function Incm | -$209,271 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$159,233 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 9 | LineNumberTxt |
| Relationship Statement | THE MAIN SOURCE OF SHG'S FOUNDRASING IS FROM EVENT PRODUCTIONS. THESE EVENTS ATTRACT A BROAD SPECTRUM OF CEOS FROM LEADING PUBLIC AND PRIVATE TECHNOLOGY COMPANIES RANGING FROM LARGE MULTI-NATIONAL ORGANIZATIONS TO HOT START UPS. THESE EXECUTIVES COME TO THE EVENTS TO LEARN ABOUT EMERGING TRENDS, DEBATE INDUSTRY ISSUES AND NETWORK WITH THEIR PEERS. A SUBSTANTIAL FEE IS PAID BY ALL ATTENTDEES. THE FEES COLLECTED THAT EXCEED THE COST OF THE EVENTS ARE TO BE CONTRIBUTED TO CHARITABLE PROJECTS WORLDWIDE.THIS YEAR SHG FOUNDATION PRODUCED THE FIRST INDIASPORA BALL. THIS BALL HOSTED OVER ONE THOUSAND TWO HUNDRED INFLUENTIAL INDIAN AMERICAN LEADERS. THE AIM WAS TO ENERGIZE THE INDIAN AMERICAN COMMUNITY AND PROVIDE A VOICE WITH WHICH IT CAN ARTICULATE COLLECTIVE GOALS. ALTHOUGH THE BALL LOST MONEY, SHG BELIEVES THE BALL WAS A WISE INVESTMENT THAT WILL LEAD TO INITIATIVES THAT WILL RAISE MONEY IN THE FUTURE. | RelationshipStatementTxt |
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 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | accounting | CategoryTxt |
| Amt | $3,025 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| bank charges | $22 | $22 |
| licences and fees | $50 | |
| penalties | $11 | |
| Special Event Expenses | $505,221 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Income From Special Events | Desc |
| Revenue And Expenses Per Books | $295,950 | RevenueAndExpensesPerBooksAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| FEDERAL TAXES | $1,557 | |
| FOREIGN TAXES | $86 | $86 |
| STATE TAX | $10 |