BALLEM FAMILY FOUNDATION INC: Form 990PF, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
BALLEM FAMILY FOUNDATION INC (EIN 46-4316248)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-05-15
IRS object ID
202601359349102575
Schema version
2025v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T12:19:40-04:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273121426PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KKM CPA ASSOCIATES PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1100 RING RD STE 300AddressLine1Txt
CityGARDEN CITYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11530ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN464316248EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BALLEM FAMILY FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBALLBusinessNameControlTxt
Phone9732285853PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13 JASMINE PLAddressLine1Txt
CityN CALDWELLCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07006ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAMAMOHANARAO V BALLEMPersonNm
Person TitlePRESIDNETPersonTitleTxt
Phone9732285853PhoneNum
Signature2026-05-15SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAVI BADLANI CPAPreparerPersonNm
PTINP01085260PTIN
Phone5166635990PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$577,062FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$34InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$34InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$34InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$6,656DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,842DividendsNetInvstIncmAmt
Dividends Adj Net Incm$6,656DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$26,162NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$139,254GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$551CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$32,852TotalRevAndExpnssAmt
Total Net Invst Incm$6,427TotalNetInvstIncmAmt
Total Adj Net Incm$6,690TotalAdjNetIncmAmt
Taxes Rev And Expnss$109TaxesRevAndExpnssAmt
Taxes Net Invst Incm$109TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,853OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,853OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,962TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,962TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$40,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$40,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$41,962TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,962TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$40,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$9,110ExcessRevenueOverExpensesAmt
Net Investment Income$4,465NetInvestmentIncomeAmt
Adjusted Net Income$6,690AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$16,764CashBOYAmt
Cash EOY$19,583CashEOYAmt
Cash EOYFMV$19,583CashEOYFMVAmt
Corporate Stock BOY$268,233CorporateStockBOYAmt
Corporate Stock EOY$256,000CorporateStockEOYAmt
Corporate Stock EOYFMV$557,479CorporateStockEOYFMVAmt
Total Assets BOY$284,997TotalAssetsBOYAmt
Total Assets EOY$275,583TotalAssetsEOYAmt
Total Assets EOYFMV$577,062TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$284,997NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$275,583NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$284,997TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$275,583TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$284,997TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$275,583TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$284,997TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$9,110ExcessRevenueOverExpensesAmt
Subtotal$275,887SubtotalAmt
Other Decreases$304OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$275,583TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$551CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$62InvestmentIncomeExciseTaxAmt
Subtotal$62SubtotalAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Tax Due$62TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksRAMAMOHANARAO BALLEMIndividualWithBooksNm
Phone9732285853PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line13 JASMINE PLAddressLine1Txt
CityN CALDWELLCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07006ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
RAMAMOHANARAO V BALLEM
3 JASMINE PLNORTH CALDWELLNJ07006PRESIDNET000.00$0$0$0
ARUNA JK BALLEM
3 JASMINE PLNORTH CALDWELLNJ07006DIRECTOR000.00$0$0$0
NAVEEN BALLEM
70 ROOSEVELT BLVDNORTH CALDWELLNJ07006DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$549,383AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$18,174AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$567,557TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$567,557AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,513CashDeemedCharitableAmt
Net Vl Noncharitable Assets$559,044NetVlNoncharitableAssetsAmt
Minimum Investment Return$27,952MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$27,952MinimumInvestmentReturnAmt
Tax Based On Investment Income$62TaxBasedOnInvestmentIncomeAmt
Total Tax$62TotalTaxAmt
Distributable Before Adj$27,890DistributableBeforeAdjAmt
Distributable Before Ded$27,890DistributableBeforeDedAmt
Distributable As Adjusted$27,890DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$40,000ExpensesAndContributionsAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,890DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$9,053ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$8,910ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$5,863ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$23,826TotalExcessDistributionCyovAmt
Qualifying Distributions$40,000QualifyingDistributionsAmt
Applied To Current Year$27,890AppliedToCurrentYearAmt
Remaining Distri From Corpus$12,110RemainingDistriFromCorpusAmt
Total Corpus$35,936TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$9,053ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$26,883ExcessDistriCyovToNextYrAmt
Excess From Year4$8,910ExcessFromYear4Amt
Excess From Year1$5,863ExcessFromYear1Amt
Excess From Current Year$12,110ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAVEEN BALLEMContributingManagerNm

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRAMAMOHANARAO BALLEMRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line13 JASMINE DRIVEAddressLine1Txt
CityNORTH CALDWELLCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07006ZIPCd
FieldValueIRS element (for citing)
Recipient Email AddressRVBALLEM@YAHOO.COMRecipientEmailAddressTxt
Form And Info And MaterialsNAFormAndInfoAndMaterialsTxt
Submission DeadlinesNASubmissionDeadlinesTxt
Restrictions On AwardsNARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
DELBARTON SCHOOL
140 COMMONWEALTH AVENUECHESTNUT HILLMA02467NONEPCCHARITY$10,000
MONTCLAIR KIMBERLEY ACADEMY
210 VALLEY ROADMONTCLAIRNJ07042NONEPCCHARITY$20,000
THE SCHOOL FOR ETHICS & GLOBAL LE
1528 18TH STREETWASHINGTONDC20036NONEPCCHARITABLE$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$40,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$34RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,656RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$26,162RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$32,852RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$32,852TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
ARKADIOS CAPITAL 0169PURCHASE$31,242$30,109$1,133
ARKADIOS CAPITAL 0169PURCHASE$107,461$82,983$24,478

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockEQUITIESStockNm
EOY Book Value$256,000EOYBookValueAmt
EOYFMV$557,479EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN ON DONATED STOCKSDesc
Amt$304Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
ARKADIOUS CAPITAL 0169$1,853$1,853

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX PAID (AMERIPRISE)$2$2
IRS TAXES$102$102
FOREIGN TAX PAID (RIVERTON)$5$5

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