THE IMDAD & SITARA KHAN FAMILY FOUNDATION: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
THE IMDAD & SITARA KHAN FAMILY FOUNDATION (EIN 06-1706302)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-09
IRS object ID
201311299349101631
Schema version
2012v2.2
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)
Timestamp2013-05-09T02:33:13-00:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1One Hollow Lane Suite 212AddressLine1
CityLake SuccessCity
StateNYState
ZIP Code11042ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN061706302EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The Khan Family Foundation IncBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlKHANNameControl
Phone8008391754Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSitara A KhanName
TitlePresidentTitle
Date Signed2013-05-09DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameJeffrey D HaskellName
Phone8008391754Phone
Date Prepared2013-05-09DatePrepared
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY1835366FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss13InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm13InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss50911DividendsRevAndExpnss
Dividends Net Invst Incm50911DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss24038NetGainSaleAssetsRevAndExpnss
Gross Sales Price277803GrossSalesPrice
Capital Gain Net Incm Net Invst Incm24038CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses74962TotalRevenueAndExpenses
Total Net Investment Income74962TotalNetInvestmentIncome
Other Prof Fees Rev And Expnss14176OtherProfFeesRevAndExpnss
Other Prof Fees Net Invst Incm14176OtherProfFeesNetInvstIncm
Taxes Rev And Expnss1118TaxesRevAndExpnss
Other Expenses Rev And Expnss11715OtherExpensesRevAndExpnss
Other Expenses Dsbrs Chrtbl Prps11715OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss27009TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm14176TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps11715TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss0ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps0ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss27009TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm14176TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps11715TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses47953ExcessOfRevenueOverExpenses
Net Investment Income60786NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY120264SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY37583SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV37583SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY1493135InvestmentsCorpStockBOY
Investments Corp Stock EOY1623769InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV1797783InvestmentsCorpStockEOYFMV
Total Assets BOY1613399TotalAssetsBOY
Total Assets EOY1661352TotalAssetsEOY
Total Assets EOYFMV1835366TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY1613399RetainedEarningsBOY
Retained Earnings EOY1661352RetainedEarningsEOY
Total Net Assets BOY1613399TotalNetAssetsBOY
Total Net Assets EOY1661352TotalNetAssetsEOY
Total Liabilities Net Assets BOY1613399TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY1661352TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY1613399TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses47953ExcessOfRevenueOverExpenses
Subtotal1661352Subtotal
Total Net Assets Fund Balances EOY1661352TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo

FieldValueIRS element (for citing)
Description Of AssetPublicly-traded SecuritiesDescriptionOfAsset
Gross Sales Price277803GrossSalesPrice
Cost Or Other Basis253765CostOrOtherBasis
Gain Or Loss24038GainOrLoss
Gains Minus Excess Or Losses24038GainsMinusExcessOrLosses
FieldValueIRS element (for citing)
Capital Gain Net Income24038CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year176329QualifyingDistributionsYear1
Noncharitable Assets Year11602549NoncharitableAssetsYear1
Distribution Ratio Year1000.047630DistributionRatioYear1
Qualifying Distributions Year2109653QualifyingDistributionsYear2
Noncharitable Assets Year21353496NoncharitableAssetsYear2
Distribution Ratio Year2000.081015DistributionRatioYear2
Qualifying Distributions Year3161544QualifyingDistributionsYear3
Noncharitable Assets Year31167769NoncharitableAssetsYear3
Distribution Ratio Year3000.138336DistributionRatioYear3
Qualifying Distributions Year4307056QualifyingDistributionsYear4
Noncharitable Assets Year41362703NoncharitableAssetsYear4
Distribution Ratio Year4000.225329DistributionRatioYear4
Qualifying Distributions Year5124157QualifyingDistributionsYear5
Noncharitable Assets Year51670898NoncharitableAssetsYear5
Distribution Ratio Year5000.074306DistributionRatioYear5
Total Distribution Ratio000.566616TotalDistributionRatio
Average Distribution Ratio000.113323AverageDistributionRatio
Net Noncharitable Assets1741589NetNoncharitableAssets
Adjusted Noncharitable Assets197362AdjustedNoncharitableAssets
One Percent Net Investment Income608OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One197970AdjNonchrtblAssetsAndOnePct
Qualifying Distributions11715QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1216InvestmentIncomeExciseTax
Subtotal1216Subtotal
Tax Based On Investment Income1216TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment612EstTaxPaymentsAndOverpayment
Total Credits And Payments612TotalCreditsAndPayments
Tax Paid Original Return612TaxPaidOriginalReturn
Form2220 AttachedXForm2220Attached
Tax Due604TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1co Foundation SourceBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8008391754BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1501 Silverside Road Suite 123AddressLine1
CityWilmingtonCity
StateDEState
ZIP Code198091377ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Selina Khan
Foundation Source 501 Silverside RdWilmingtonDE19809VP / Dir001.000
Sitara Khan
Foundation Source 501 Silverside RdWilmingtonDE19809Pres / Dir / Sec001.000

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1708307AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances59804AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets1768111TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets1768111AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable26522CashDeemedCharitable
Net Noncharitable Assets1741589NetNoncharitableAssets
Minimum Investment Return87079MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return87079MinimumInvestmentReturn
Tax Based On Investment Income1216TaxBasedOnInvestmentIncome
Total Tax1216TotalTax
Distributable Amount Before Adj85863DistributableAmountBeforeAdj
Distributable Amount Before Ded85863DistributableAmountBeforeDed
Distributable Amount As Adjusted85863DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions11715ExpensesAndContributions
Qualifying Distributions11715QualifyingDistributions
Adj Qualifying Distributions11715AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted85863DistributableAmountAsAdjusted
Excess Distri Carryover Year540453ExcessDistriCarryoverYear5
Excess Distri Carryover Year4240073ExcessDistriCarryoverYear4
Excess Distri Carryover Year3103683ExcessDistriCarryoverYear3
Excess Distri Carryover Year242485ExcessDistriCarryoverYear2
Total Excess Distri Carryover426694TotalExcessDistriCarryover
Qualifying Distributions11715QualifyingDistributions
Applied To Current Year11715AppliedToCurrentYear
Excess Distri Cyov App CY Corpus74148ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY74148ExcessDistriCyovAppliedCY
Total Corpus352546TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov To Next Year352546ExcessDistriCyovToNextYear
Excess From Year4206378ExcessFromYear4
Excess From Year3103683ExcessFromYear3
Excess From Year242485ExcessFromYear2

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerSitara KhanContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$13ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$50,911ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$24,038ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$74,962ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA74962TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset

FieldValueIRS element (for citing)
NamePublicly-traded SecuritiesName
Gross Sales Price277803GrossSalesPrice
Basis253765Basis
Total Net24038TotalNet

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (22 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
1800 shares of ALERIAN MLP ETF2941128710
8978 shares of ALGER SPECTRA FUND CLASS A123549123174
10802 shares of AMERICAN CENTURY EQUITY INCOME FD A CLASS6331484472
4062 shares of DIAMOND HILL LARGE CAP FUND CLASS A4474067184
14496 shares of DOUBLELINE TOTAL RETURN BOND162855164246
6892 shares of EATON VANCE ATLANTA CAPITAL SMI110715125851
5945 shares of FIRST EAGLE SOGEN OVERSEAS FUND CLASS I139712132940
1500 shares of FIRST ENERGY INCOME AND GROWTH FUND4133145975
1972 shares of ING GLOBAL REAL ESTATE FUND CLASS I3248735601
12051 shares of ING GNMA INCOME FUND CL I107578108818
2937 shares of IVY ASSET STRATEGY FUND CLASS I5679576575
4021 shares of JPMORGAN MID CAP VALUE FUND97884112550
11040 shares of LOOMIS SAYLES BOND FUND149629166928
2275 shares of MATTHEWS ASIA PACIFIC EQUITY INCOME FUND3110633166
3397 shares of OPPENHEIMER DEVELOPING MARKETS FUND CLASS Y104535118475
8877 shares of PIMCO TOTAL RETURN FUND P CLASS10145399776
516 shares of POWERSHARES QQQ NASDAQ 1002261233607
170 shares of SPDR GOLD TR GOLD SHS2052927543
1479 shares of TA IDEX TRANSAMERICA SM MID CAP VAL CLASS A2714733183
2433 shares of TCW EMERGING MARKETS INCOME FUND I CL2150522673
3816 shares of TEMPLETON GLOBAL BD4874350905
3753 shares of THORNBURG GLOBAL VALUE FUND CLASS I86139105431

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooksDisbursements Charitable PrpsDisbursementsCharitablePrps
Administrative Fees1169011690
State or Local Filing Fees2525

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategory
Amount$14,176Amount
Net Investment Income14176NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes (2 entries)

CategoryCategoryAmountAmount
Estimated Tax for 2012$600
IRS Excise Tax Payment with 1st Ext 990-PF$518

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