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

View the entire original 990 at ProPublica ↗

Organization: KAPILA FAMILY FOUNDATION INC (EIN 20-8096516)
Tax period: 2025-01-01 to 2025-12-31
Filed: 2026-04-29
IRS object ID: 202631199349100538
Schema version: 2025v4.1
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
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-04-29T09:07:39-07:00	ReturnTs
Tax Period End	2025-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	465394135	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KapilaMukamal LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S Federal Highway 200	AddressLine1Txt
City	Fort Lauderdale	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2025-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208096516	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE KAPILA FAMILY FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	KAPI	BusinessNameControlTxt
Phone	9547611011	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S FEDERAL HIGHWAY 200	AddressLine1Txt
City	FT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SONEET KAPILA	PersonNm
Person Title	President & CEO	PersonTitleTxt
Signature	2026-04-29	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LESLEY J JOHNSON	PreparerPersonNm
PTIN	P01079089	PTIN
Phone	9547611011	PhoneNum

Field	Value	IRS element (for citing)
Tax	2025	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$0	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$169,936	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$169,936	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$169,936	DividendsAdjNetIncmAmt
Total Rev And Expnss	$169,936	TotalRevAndExpnssAmt
Total Net Invst Incm	$169,936	TotalNetInvstIncmAmt
Total Adj Net Incm	$169,936	TotalAdjNetIncmAmt
Taxes Rev And Expnss	$3,044	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$3,044	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$212,379	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$212,379	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$215,423	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$212,379	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$45,487	ExcessRevenueOverExpensesAmt
Net Investment Income	$169,936	NetInvestmentIncomeAmt
Adjusted Net Income	$169,936	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$4,235,105	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$4,189,619	SavAndTempCashInvstEOYAmt
Other Assets BOY	$1	OtherAssetsBOYAmt
Total Assets BOY	$4,235,106	TotalAssetsBOYAmt
Total Assets EOY	$4,189,619	TotalAssetsEOYAmt
Total Assets EOYFMV	$0	TotalAssetsEOYFMVAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$4,235,106	NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY	$4,189,619	NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY	$4,235,106	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$4,189,619	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$4,235,106	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$4,189,619	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$4,235,106	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$45,487	ExcessRevenueOverExpensesAmt
Subtotal	$4,189,619	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$4,189,619	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$2,362	InvestmentIncomeExciseTaxAmt
Subtotal	$2,362	SubtotalAmt
Tax Based On Investment Income	$2,362	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$2,960	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$2,960	TotalPaymentsAndCreditsAmt
Overpayment	$598	OverpaymentAmt
Applied To ES Tax	$598	AppliedToESTaxAmt

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
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
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	SONEET R KAPILA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9547611011	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	1000 S FEDERAL HIGHWAY SUITE 200	AddressLine1Txt
City	FT LAUDERDALE	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	33316	ZIPCd

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
Business Holdings	false	BusinessHoldingsInd
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
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
SONEET R KAPILA
2420 DEL LAGO DRIVE	FT LAUDERDALE	FL	33316	President & CEO	0.00	$0
PRABODH K KAPILA
2420 DEL LAGO DRIVE	FT LAUDERDALE	FL	33316	Director	0.00	$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	$0	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$4,278,028	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$4,278,028	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$4,278,028	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$64,170	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$4,213,858	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$210,693	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$210,693	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$2,362	TaxBasedOnInvestmentIncomeAmt
Total Tax	$2,362	TotalTaxAmt
Distributable Before Adj	$208,331	DistributableBeforeAdjAmt
Distributable Before Ded	$208,331	DistributableBeforeDedAmt
Distributable As Adjusted	$208,331	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$212,379	ExpensesAndContributionsAmt
Qualifying Distributions	$212,379	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$208,331	DistributableAsAdjustedAmt
Undistributed Income PY	$208,099	UndistributedIncomePYAmt
Qualifying Distributions	$212,379	QualifyingDistributionsAmt
Applied To Year1	$208,099	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$4,280	AppliedToCurrentYearAmt
Undistributed Income CY	$204,051	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	SONEET R KAPILA	ContributingManagerNm
Contributing Manager	PRABODH K KAPILA	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient Foundation StatusRecipientFoundationStatusCd	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
Friends of WLRN Inc
172 NE 15th Street	Miami	FL	33131	PC	support public radio	$5,000
Broward Performing Arts Foundation
201 SW Fifth Avenue	Fort Lauderdale	FL	33312	PC	support performing arts	$100,000
NOVA SOUTHEASTERN UNIVERSITY
3301 COLLEGE AVENUE	FORT LAUDERDALE	FL	33314	PC	endowment fund	$100,000
STETSON UNIVERSITY COLLEGE OF LAW
1401 61ST STREET S	GULFPORT	FL	33707	PC	scholarships	$5,000
American College of Bankruptcy Fdn
1111B S Governors Ave 2335	Dover	DE	19904	PC	endowment fund	$1,129
Indo-American Assn of Houston
3400 Main Street Suite 1	Houston	TX	77002	PF	community organization	$1,000
The ALS Association
1300 Wilson Blvd Suite 600	Arlington	VA	22209	PC	MEDICAL RESEARCH	$100
National Kidney Foundation
215 WIllinois St Suite 1C	Chicago	IL	60654	PC	Medical research	$150

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$212,379	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$169,936	RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Related Or Exempt Function Incm	$169,936	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$169,936	TotalIncomeProducingActyAmt

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

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxt	AmtAmt
2024 TAX	$23
2025 ESTIMATED PREPAID TAX	$2,960
CORPORATION ANNUAL REPORT	$61

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

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

Comments