DRS KIRAN & PALLAVI PATEL 2017 FOUNDATION FOR GLOBAL UNDERSTANDIN: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- DRS KIRAN & PALLAVI PATEL 2017 FOUNDATION FOR GLOBAL UNDERSTANDIN (EIN 82-3755232)
- Tax period
- 2022-11-01 to 2023-10-31
- Filed
- 2024-09-12
- IRS object ID
- 202432569349101318
- Schema version
- 2022v5.0
- 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
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-09-12T14:38:09-05:00 | ReturnTs |
| Tax Period End | 2023-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 382157642 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MANER COSTERISAN PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2425 E GRAND RIVER SUITE 1 | AddressLine1Txt |
| City | LANSING | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 489123291 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823755232 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DRS KIRAN & PALLAVI PATEL 2017 | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION FOR GLOBAL UNDERSTANDING INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DRSK | BusinessNameControlTxt |
| Phone | 3144447757 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 MARINER STREET | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33609 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHILEN PATEL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3144447757 | PhoneNum |
| Signature | 2024-09-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRANDY L MIKULA CPA | PreparerPersonNm |
| PTIN | P00645694 | PTIN |
| Phone | 5173237500 | PhoneNum |
| Preparation | 2024-09-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $278,102,600 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,195,799 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $3,576,184 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $3,576,184 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $3,576,184 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $89,318 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $40,933,335 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $89,318 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $0 | NetSTCapitalGainAdjNetIncmAmt |
| Other Income Rev And Expnss | $8,417,440 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $0 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $8,417,440 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $14,278,741 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,665,502 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $11,993,624 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $21,259 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $10,630 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $10,629 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $68,047 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $34,023 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $34,024 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $436,020 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $424,845 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $11,175 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $9,600,519 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $0 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $9,600,519 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $93,551 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $93,551 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $4,432,424 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $45,236 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $4,387,188 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $317,850 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $317,850 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $691,147 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $303,337 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $354,725 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $33,085 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $15,660,817 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $818,071 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $4,891,292 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $9,951,454 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $833,590 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $833,590 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $16,494,407 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $818,071 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $4,891,292 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $10,785,044 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,215,666 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,847,431 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $7,102,332 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $28,790,662 | CashBOYAmt |
| Cash EOY | $32,758,050 | CashEOYAmt |
| Cash EOYFMV | $32,758,050 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $416,200 | AcctRcvblBOYAmt |
| Other Nts And Loans Rcvbl | $2,761,849 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $5,823,628 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $2,761,849 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $2,761,849 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $5,391,454 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $4,653,639 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $4,653,639 | PrepaidExpensesEOYFMVAmt |
| Other Investments BOY | $93,746,426 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $90,062,570 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $90,062,570 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $164,166,535 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $16,306,719 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $151,769,438 | LandBOYAmt |
| Land EOY | $147,859,816 | LandEOYAmt |
| Land EOYFMV | $147,859,816 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $6,676 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $6,676 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $285,937,808 | TotalAssetsBOYAmt |
| Total Assets EOY | $278,102,600 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $278,102,600 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $4,652,620 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $3,783,012 | AccountsPayableEOYAmt |
| Grants Payable BOY | $33,925,830 | GrantsPayableBOYAmt |
| Grants Payable EOY | $28,686,277 | GrantsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $217,249,936 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $216,306,975 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $9,810,497 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $9,389,626 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $265,638,883 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $258,165,890 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $20,298,925 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $19,936,710 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $20,298,925 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $19,936,710 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $285,937,808 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $278,102,600 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $20,298,925 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,215,666 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,688,698 | OtherIncreasesAmt |
| Subtotal | $20,771,957 | SubtotalAmt |
| Other Decreases | $835,247 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $19,936,710 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| SALE OF INVESTMENTS - LONG TERM | P | 2023-10-31 | $40,933,335 | $40,350,658 | $582,677 | $582,677 |
| SALE OF INVESTMENTS - SHORT TERM | P | 2023-10-31 | $493,359 | -$493,359 | -$493,359 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $89,318 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$493,359 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $39,579 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $39,579 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $39,579 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $61,012 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $61,012 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $21,433 | OverpaymentAmt |
| Applied To ES Tax | $21,433 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ANA ENDRES | IndividualWithBooksNm |
| Phone | 6164502477 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7125 HEADLEY STREET SUITE 213 | AddressLine1Txt |
| City | ADA | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49301 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| SHILEN PATEL | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | PRESIDENT/DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR SHEETAL PATEL | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | VP/TREASURER/DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR SONALI K JUDD | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | SECRETARY/DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR KIRAN PATEL | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DR PALLAVI PATEL | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ANA ENDRES | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| HITESH JOHN ADHIA | ||||||||
| 5600 MARINER ST | TAMPA | FL | 33609 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | GRANTS WERE GIVEN TO VARIOUS ORGANIZATIONS BASED ON THE RECIPIENT ORGANIZATION'S FOCUS ON EDUCATION AND HEALTH IN THE COMMUNITY, AS WELL AS THEIR COMMITMENT TO EXCELLENCE IN SERVING THE COMMUNITY. | Description1Txt |
| Expenses1 | $833,590 | Expenses1Amt |
| Description2 | ADVANCING HEALTH CARE IN FLORIDA, AND INTERNATIONALLY, BY EDUCATING THOSE WHO CAN MAKE A DIFFERENCE, PARTICULARLY IN MULTICULTURAL AND UNDERSERVED COMMUNITIES. THIS COMMITMENT INCLUDES GIFTING NOVA SOUTHWESTERN UNIVERSITY THE REAL ESTATE AND BUILDING INVESTMENT THAT IS NOW THE NSU TAMPA BAY REGIONAL CAMPUS. THE GIFT CONTAINS AN ENDOWMENT TO SUSTAIN THE OPERATION OF THE COLLEGE'S TAMPA BAY LOCATION IN PERPETUITY | Description2Txt |
| Expenses2 | $4,891,292 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $89,646,476 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $34,144,602 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $2,768,525 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $126,559,603 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $126,559,603 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,898,394 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $124,661,209 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,233,060 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $10,785,044 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $10,785,044 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2018-10-10 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $6,233,060 | CurrentYearAmt |
| Year1 | $6,308,259 | Year1Amt |
| Year2 | $5,504,978 | Year2Amt |
| Year3 | $6,327,583 | Year3Amt |
| Total | $24,373,880 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $5,298,101 | CurrentYearAmt |
| Year1 | $5,362,020 | Year1Amt |
| Year2 | $4,679,231 | Year2Amt |
| Year3 | $5,378,446 | Year3Amt |
| Total | $20,717,798 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $10,785,044 | CurrentYearAmt |
| Year1 | $17,847,145 | Year1Amt |
| Year2 | $22,890,849 | Year2Amt |
| Year3 | $11,895,644 | Year3Amt |
| Total | $63,418,682 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $833,590 | CurrentYearAmt |
| Year1 | $9,390,129 | Year1Amt |
| Year2 | $15,350,000 | Year2Amt |
| Year3 | $3,725,000 | Year3Amt |
| Total | $29,298,719 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $9,951,454 | CurrentYearAmt |
| Year1 | $8,457,016 | Year1Amt |
| Year2 | $7,540,849 | Year2Amt |
| Year3 | $8,170,644 | Year3Amt |
| Total | $34,119,963 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $4,155,373 | CurrentYearAmt |
| Year1 | $4,664,307 | Year1Amt |
| Year2 | $3,669,985 | Year2Amt |
| Year3 | $4,218,389 | Year3Amt |
| Total | $16,708,054 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | DR KIRAN PATEL | ContributingManagerNm |
| Contributing Manager | DR PALLAVI PATEL | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AFRICA COLLEGE FUND | |||||||||||
| 2004 RADIANCE CIRCLE | FAIRFEILD | IA | 52556 | NONE | PUBLIC CHARITY | GENERAL SUPPORT | $112,784 | ||||
| SHAKTI KRUPA CHARITABLE TRUST | |||||||||||
| NONE | PUBLIC CHARITY | VARIOUS PERMANENT PROJECTS, I.E., HEALTH, EDUCATION, RURAL DEVELOPMENT AND SOCIAL SERVICE MAINLY FOR THE UPLIFTMENT OF THE RURAL COMMUNITY | $300,000 | AT PO TALUKA SINOR DIST | MOTA FOFALIA | GUJARAT | IN | ||||
| TIE FOUNDATION | |||||||||||
| 3964 RIVERMARK PLAZA STE 113 | SANTA CLARA | CA | 95054 | NONE | PUBLIC CHARITY | GENERAL SUPPORT | $102,000 | ||||
| DR KIRAN C PATEL ELEMENTARY SCHOOL | |||||||||||
| 10721 RAULERSON RAND ROAD | TAMPA | FL | 33637 | NONE | PUBLIC CHARITY | SCHOOL FURNITURE GRANT | $318,806 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $833,590 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Program Service Revenue Dtl ProgramServiceRevenueDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE INCOME | Desc |
| Related Or Exempt Function Incm | $8,417,440 | RelatedOrExemptFunctionIncmAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $3,576,184 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $89,318 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $3,665,502 | ExclusionAmt |
| Related Or Exempt Function Incm | $8,417,440 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $12,082,942 | 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 | 1 | LineNumberTxt |
| Relationship Statement | THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ACQUIRE AND DEVELOP EDUCATIONAL FACILITIES, AND THEREAFTER LEASE SUCH FACILITIES TO NON-PROFIT EDUCATIONAL INSTITUTIONS AT "BELOW MARKET LEASES", THEREBY FACILITATE THE CARRYING OUT OF SUCH INSTITUTIONS EXEMPT ACTIVITY(S) (EDUCATION). | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | DRS KIRAN AND PALLAVI PATEL | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 MARINER STREET SUITE A | AddressLine1Txt |
| City | TAMPA | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,195,353 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $68,047 | Amt |
| Net Investment Income | $34,023 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $34,024 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FIXED INCOME | FMV | $26,385,500 | $26,385,500 |
| EQUITIES | FMV | $48,017,199 | $48,017,199 |
| IIFL OPPORTUNITIES FUND | FMV | $9,750,550 | $9,750,550 |
| AXIOM ACQUISITION VENTURES, LLC | FMV | $5,500,000 | $5,500,000 |
| NIRVANAHEALTH INC | FMV | $409,321 | $409,321 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (2 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|---|
| BUILDING | $152,381,535 | $16,306,719 | $136,074,816 | $136,074,816 |
| LAND | $11,785,000 | $0 | $11,785,000 | $11,785,000 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $21,259 | LegalFeesAmt |
| Net Investment Income | $10,630 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $10,629 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mortgage | $69,299,050 | MortgageAmt |
Note Payable NotePayableGrp (6 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | InterestInterestRt | Loan MaturityLoanMaturityDt |
|---|---|---|---|---|
| FIFTH THIRD BANK | ||||
| $30,000,000 | $69,299,050 | 2018-04 | 3.675000000000 | |
| CLEARWATER OSTEOPATHIC MEDICAL COLLEGE | ||||
| $38,000,000 | $17,400,000 | 2018-10 | 1.500000000000 | 2028-10 |
| PINELLAS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY INDUSTRIAL DEVELOPMENT | ||||
| $95,145,549 | $94,716,402 | 2019-08 | 5.000000000000 | 2039-07 |
| SYNOVUS BANK | ||||
| $10,000,000 | $7,583,333 | 2021-04 | ||
| PATEL FAMILY FOUNDATION | ||||
| $23,483,190 | $23,483,190 | 2021-10 | 0.000000000000 | 2030-10 |
| CLIMATE FIRST BANK | ||||
| $3,791,754 | $3,825,000 | 2023-09 | ||
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER RECEIVABLE | Desc |
| EOY Book Value | $6,676 | EOYBookValueAmt |
| EOYFMV | $6,676 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISCOUNT ON GRANT COMMITMENTS | Desc |
| Amt | $835,247 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INSURANCE EXPENSE | $565,168 | $282,584 | $282,584 | $0 |
| UTILITIES | $20,753 | $20,753 | $0 | $0 |
| OPERATING | $33,085 | $0 | $0 | $33,085 |
| FEDERAL REFUND | $52,141 | $0 | $52,141 | $0 |
| CHARTER SCHOOL SOFT COST EXPENSE | $20,000 | $0 | $20,000 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LEASE INCOME | Desc |
| Revenue And Expenses Per Books | $8,417,440 | RevenueAndExpensesPerBooksAmt |
| Adjusted Net Income | $8,417,440 | AdjustedNetIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAIN ON INVESTMENTS | $1,307,490 |
| PRIOR PERIOD ADJUSTMENT | $1,381,208 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CITI - SERIES 2019 BOND | Desc |
| BOY Book Value | $9,810,497 | BOYBookValueAmt |
| EOY Book Value | $9,389,626 | EOYBookValueAmt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (5 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | InterestInterestRt | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|
| SANAM CONYERS LODGING LLC | |||||
| $1,609,500 | $1,451,301 | 2016-02 | 2045-10 | 5.500000000000 | $0 |
| JANAM MADISON LODGING LLC | |||||
| $988,456 | $910,055 | 2016-03 | 2026-03 | 5.500000000000 | $0 |
| LAXMI OF PORT CHARLOTTE | |||||
| $650,000 | $0 | 2020-03 | 2022-03 | 6.000000000000 | $0 |
| BODY 20 - THE HEIGHTS HOUSTON LLC | |||||
| $288,936 | $300,493 | 2022-05 | 2024-05 | 8.000000000000 | $0 |
| RHEA & ESHA MGMT & INV LLC | |||||
| $100,000 | $100,000 | 2022-06 | 2023-05 | 12.000000000000 | $0 |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ARUBA VENTURES LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $0 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $325,031 | $325,031 | $0 | $0 |
| PROFESSIONAL FEES - OTHER | $11,175 | $0 | $11,175 | $0 |
| OTHER INVESTMENT FEES | $99,814 | $99,814 | $0 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROPERTY TAXES | CategoryTxt |
| Amt | $93,551 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $93,551 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |