KHAN FAMILY FOUNDATION: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
KHAN FAMILY FOUNDATION (EIN 27-1481206)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-05-08
IRS object ID
201231299349100838
Schema version
2011v1.2
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)
Timestamp2012-05-08T16:54:34-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN381915036EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1JAFFE RAITT HEUER & WEISSBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line127777 FRANKLIN ROAD SUITE 2500AddressLine1
CitySOUTHFIELDCity
StateMIState
ZIP Code480348214ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN271481206EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1KHAN FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlKHANNameControl
Phone3132772977Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1861 MONROE STREETAddressLine1
CityDEARBORNCity
StateMIState
ZIP Code48124ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSHABANA KHANName
TitleVICE-PRESIDENTTitle
Phone3132772977Phone
Date Signed2012-05-04DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameAARON H SHERBIN ESQName
PTINP00737718PTIN
Phone2483513000Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY356288FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss335000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss29InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm29InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss104DividendsRevAndExpnss
Dividends Net Invst Incm104DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss-1696NetGainSaleAssetsRevAndExpnss
Gross Sales Price135845GrossSalesPrice
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses333437TotalRevenueAndExpenses
Total Net Investment Income133TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Comp Ofcr Dir Trst Net Invst Incm0CompOfcrDirTrstNetInvstIncm
Comp Ofcr Dir Trst Dsbrs Chrtbl Prps0CompOfcrDirTrstDsbrsChrtblPrps
Other Expenses Rev And Expnss315OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm0OtherExpensesNetInvstIncm
Other Expenses Dsbrs Chrtbl Prps0OtherExpensesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss315TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss50000ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps50000ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss50315TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps50000TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses283122ExcessOfRevenueOverExpenses
Net Investment Income133NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY1CashBOY
Savings And Temp Cash Invst BOY72663SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY325687SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV325687SavingsAndTempCashInvstEOYFMV
Investments Other BOY0InvestmentsOtherBOY
Investments Other EOY30601InvestmentsOtherEOY
Investments Other EOYFMV30601InvestmentsOtherEOYFMV
Total Assets BOY72664TotalAssetsBOY
Total Assets EOY356288TotalAssetsEOY
Total Assets EOYFMV356288TotalAssetsEOYFMV
Total Liabilities BOY0TotalLiabilitiesBOY
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY0CapitalStockBOY
Capital Stock EOY0CapitalStockEOY
Paid In Or Capital Surplus BOY0PaidInOrCapitalSurplusBOY
Paid In Or Capital Surplus EOY0PaidInOrCapitalSurplusEOY
Retained Earnings BOY72664RetainedEarningsBOY
Retained Earnings EOY356288RetainedEarningsEOY
Total Net Assets BOY72664TotalNetAssetsBOY
Total Net Assets EOY356288TotalNetAssetsEOY
Total Liabilities Net Assets BOY72664TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY356288TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY72664TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses283122ExcessOfRevenueOverExpenses
Other Increases502OtherIncreases
Subtotal356288Subtotal
Other Decreases0OtherDecreases
Total Net Assets Fund Balances EOY356288TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
2,193 SHARES OF ISHRS TR MSCI EMRGP2011-11-012011-11-11892668754617201720
1,254 SHARES OF ISHRS TR MSCI EMRGP2011-12-062011-12-144657949995-3416-3416
FieldValueIRS element (for citing)
Capital Gain Net Income-1696CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 Tax0LiableFor4942Tax
Qualifying Distributions Year1500QualifyingDistributionsYear1
Noncharitable Assets Year16337NoncharitableAssetsYear1
Distribution Ratio Year10.078902DistributionRatioYear1
Qualifying Distributions Year20QualifyingDistributionsYear2
Noncharitable Assets Year219NoncharitableAssetsYear2
Distribution Ratio Year20.0DistributionRatioYear2
Total Distribution Ratio0.078902TotalDistributionRatio
Average Distribution Ratio0.039451AverageDistributionRatio
Net Noncharitable Assets74408NetNoncharitableAssets
Adjusted Noncharitable Assets2935AdjustedNoncharitableAssets
One Percent Net Investment Income1OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One2936AdjNonchrtblAssetsAndOnePct
Qualifying Distributions50000QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eXDomesticOrgMeetingSect4940e
Investment Income Excise Tax1InvestmentIncomeExciseTax
Tax Under Section5110TaxUnderSection511
Subtotal1Subtotal
Subtitle A Tax0SubtitleATax
Tax Based On Investment Income1TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Tax Due1TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political Activities0LegislativePoliticalActivities
More Than100 Spent0MoreThan100Spent
Form1120 POL Filed0Form1120POLFiled
Sect4955 Tax On Organization0Sect4955TaxOnOrganization
Sect4955 Tax On Managers0Sect4955TaxOnManagers
Reimbursement Of Tax0ReimbursementOfTax
Activities Not Prev Reported0ActivitiesNotPrevReported
Changes To Articles Or Bylaws0ChangesToArticlesOrBylaws
Unrelated Bus Income Over10000UnrelatedBusIncomeOver1000
Termination Etc0TerminationEtc
Requirements Of Sect508e1RequirementsOfSect508e
At Least5000 In Assets1AtLeast5000InAssets
States Filed WithMIStatesFiledWith
Form990 PF Filed With AG1Form990PFFiledWithAG
Private Operating Foundation0PrivateOperatingFoundation
New Substantial Contributors1NewSubstantialContributors
Interest In Controlled Entity0InterestInControlledEntity
Applicable Insurance Contract0ApplicableInsuranceContract
Comply With Public Inspection Rqr1ComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameBLUNDEN ASSOCIATES PCBooksInCareOfPersonName
Books In Care Of Phone Number7342930055BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line114600 FARMINGTON RD STE 105AddressLine1
CityLIVONIACity
StateMIState
ZIP Code48154ZIPCode
FieldValueIRS element (for citing)
Foreign Bank0ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly Person0SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person0BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person0FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person0PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person0TransferAssetsToDsqflyPerson
Payment To Government Offical0PaymentToGovernmentOffical
Uncorrected Prior Acts0UncorrectedPriorActs
Undistributed Income Prior Years0UndistributedIncomePriorYears
Business Holdings0BusinessHoldings
Jeopardy Investments0JeopardyInvestments
Uncorrected Jeopardy Investments0UncorrectedJeopardyInvestments
Influence Legislation0InfluenceLegislation
Influence Election0InfluenceElection
Grants To Individuals0GrantsToIndividuals
Grants To Organizations0GrantsToOrganizations
Noncharitable Purpose0NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract0RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract0PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn0ProhibitedTaxShelterTransactn

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 PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
PARVEZ KHAN
861 MONROE STREETDEARBORNMI48124PRESIDENT0.20000
SHABANA KHAN
861 MONROE STREETDEARBORNMI48124VICE-PRESIDENT, TREASURER,0.20000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Tot Number Of Oth Empl Paid Over50k0TotNumberOfOthEmplPaidOver50k
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE
Tot Number Of Cntrct Paid Over50k0TotNumberOfCntrctPaidOver50k

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Total0Total

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities1275AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances74266AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets75541TotalFMVOfUnusedAssets
Reduction Claimed0ReductionClaimed
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets75541AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1133CashDeemedCharitable
Net Noncharitable Assets74408NetNoncharitableAssets
Minimum Investment Return3720MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return3720MinimumInvestmentReturn
Tax Based On Investment Income1TaxBasedOnInvestmentIncome
Total Tax1TotalTax
Distributable Amount Before Adj3719DistributableAmountBeforeAdj
Recoveries Qlfy Distributions0RecoveriesQlfyDistributions
Distributable Amount Before Ded3719DistributableAmountBeforeDed
Deduction Fr Distributable$0DeductionFrDistributableAmount
Distributable Amount As Adjusted3719DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions50000ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Qualifying Distributions50000QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm1OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions49999AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted3719DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Total For Prior Years0TotalForPriorYears
Excess Distri Carryover Year1182ExcessDistriCarryoverYear1
Total Excess Distri Carryover182TotalExcessDistriCarryover
Qualifying Distributions50000QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Prior Years0AppliedToPriorYears
Treated As Distri From Corpus0TreatedAsDistriFromCorpus
Applied To Current Year3719AppliedToCurrentYear
Remaining Distri From Corpus46281RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus46463TotalCorpus
Prior Year Undistributed Income0PriorYearUndistributedIncome
Prior Year Deficiency Or Tax0PriorYearDeficiencyOrTax
Taxable Amount10TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY0UndistributedIncomeCY
Distri From Corpus170b1 E Or4942g30DistriFromCorpus170b1EOr4942g3
Excess Distri Cyov From Year50ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year46463ExcessDistriCyovToNextYear
Excess From Year1182ExcessFromYear1
Excess From Current Year46281ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerSHABANA KHANContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (10 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
FORGOTTEN HARVEST INC
21800 GREENFIELD ROADOAK PARKMI48237NONEPUBLIC CHARITYGENERAL CONTRIBUTION$8,000
AMERICAN MUSLIM CENTER INC
21110 OUTER DRIVEDEARBORNMI48124NONEPUBLIC CHARITYGENERAL CONTRIBUTION$16,000
ISLAMIC SOCIETY OF NORTH AMERICA INC
PO BOX 4970CLIFTONNJ07015NONEPUBLIC CHARITYGENERAL CONTRIBUTION$3,000
INSTITUTE FOR SOCIAL POLICY AND UNDERSTANDING
43151 DALCOMA DRIVE SUITE 6CLINTON TWPMI48038NONEPUBLIC CHARITYGENERAL CONTRIBUTION$5,000
ORGANIZATION FOR MEDICAL EDUCATION & ECONOMIC DEVELOPMENT OMEED
1818 JOURDAN COURTEAGANMN55122NONEPUBLIC CHARITYGENERAL CONTRIBUTION$7,000
PENRICKTON CENTER FOR BLIND CHILDREN
26530 EUREKATAYLORMI48180NONEPUBLIC CHARITYGENERAL CONTRIBUTION$1,000
UNITED STATES FUND FOR UNICEF
125 MAIDEN LANE 10TH FLOORNEW YORKNY10038NONEPUBLIC CHARITYGENERAL CONTRIBUTION$6,000
THE ALIM FOUNDATION INC
1802 BRIGHTSEAT ROAD 101HYATTSVILLEMD20785NONEPUBLIC CHARITYGENERAL CONTRIBUTION$1,000
CAIR - MICHIGAN CHAPTER INC
21700 NORTHWESTERN HIGHWAY 815SOUTHFIELDMI48075NONEPUBLIC CHARITYGENERAL CONTRIBUTION$2,000
DETROIT RESCUE MISSION
150 STIMSON STREETDETROITMI48201NONEPUBLIC CHARITYGENERAL CONTRIBUTION$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year50000TotGrantOrContriPaidDuringYear
Tot Grant Or Contri Approved Future0TotGrantOrContriApprovedFuture

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$29ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$104ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion-$1,696ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Unrelated Business Income$0UnrelatedBusinessIncomeAmount
Exclusion-$1,563ExclusionAmount
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA-1563TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EO0TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO0TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO0PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc0RentalOfFacilitiesEtc
Reimbursement Arrangements0ReimbursementArrangements
Loans Or Loan Guarantees0LoansOrLoanGuarantees
Performance Of Services Etc0PerformanceOfServicesEtc
Sharing Of Facilities Etc0SharingOfFacilitiesEtc
Relationships Noncharitable E Os0RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo (3 entries)

Contributor NumberContributorNumberAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionTypeContributor Name IndividualContributorNameIndividual
KHAN 2009 GRANTOR CHARITABLE LEAD ANNUITY TRUST
18 SHADY HOLLOW DRIVEDEARBORNMI4812442500X
KHAN 2010 GRANTOR CHARITABLE LEAD ANNUITY TRUST
28 SHADY HOLLOW DRIVEDEARBORNMI4812442500X
(no name)
38 SHADY HOLLOW DRIVEDEARBORNMI48124250000XDRS PARVEZ AND SHABANA KHAN

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOther

FieldValueIRS element (for citing)
Category Or ItemSECURITIESCategoryOrItem
Listed At Cost Or FMVFMVListedAtCostOrFMV
Book Value30601BookValue
EOYFMV30601EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionCIG SECURITIESDescription
Revenue And Expenses Per Books315RevenueAndExpensesPerBooks
Net Investment Income0NetInvestmentIncome
Disbursements Charitable Prps0DisbursementsCharitablePrps

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases (2 entries)

DescriptionDescriptionAmountAmount
CHARITABLE DONATIONS DEDUCTED IN 2010$500
ROUNDING$2

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor (2 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCode
KHAN 2009 GRANTOR CHARITABLE LEAD ANNUITY TRUST
8 SHADY HOLLOW DRIVEDEARBORNMI48124
KHAN 2010 GRANTOR CHARITABLE LEAD ANNUITY TRUST
8 SHADY HOLLOW DRIVEDEARBORNMI48124

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