DR PREM REDDY FAMILY FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- DR PREM REDDY FAMILY FOUNDATION (EIN 33-0486173)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202443199349105824
- Schema version
- 2023v5.0
- 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
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Land Schedule2
- Land Etc Schedule2
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Professional Fees Schedule
- Sales Of Inventory List
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T18:24:28-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 330252865 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROORDA PIQUET & BESSEE INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3550 VINE ST SUITE 110 | AddressLine1Txt |
| City | RIVERSIDE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 925074175 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 330486173 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DR PREM REDDY FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DRPR | BusinessNameControlTxt |
| Phone | 7602418000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16850 BEAR VALLEY RD STE 200 | AddressLine1Txt |
| City | VICTORVILLE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92395 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PREM REDDY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9092929578 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FERNANDO G AYALA JR | PreparerPersonNm |
| PTIN | P01259082 | PTIN |
| Phone | 9516847781 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $45,761,850 | 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 | $335,470 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $95,543 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $95,543 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $718,400 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $718,400 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $50,610 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $50,610 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $50,610 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $318,873 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $5,766,129 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $318,873 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $12,838 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $4,392 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | $8,446 | GrossProfitRevAndExpnssAmt |
| Other Income Rev And Expnss | $4,583 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | $1,531,925 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,183,426 | TotalNetInvstIncmAmt |
| Other Prof Fees Rev And Expnss | $58,349 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $58,349 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $220,989 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $219,778 | TaxesNetInvstIncmAmt |
| Deprec And Dpltn Rev And Expnss | $15,583 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $15,583 | DeprecAndDpltnNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $199,107 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $164,085 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $25,893 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $494,028 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $457,795 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $25,893 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $963,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $963,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,457,028 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $457,795 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $988,893 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $74,897 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $725,631 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1,133,097 | CashBOYAmt |
| Cash EOY | $1,151,922 | CashEOYAmt |
| Cash EOYFMV | $1,151,922 | CashEOYFMVAmt |
| Acct Rcvbl BOY | $2,126 | AcctRcvblBOYAmt |
| Inventories BOY | $4,392 | InventoriesBOYAmt |
| Corporate Stock BOY | $24,382,778 | CorporateStockBOYAmt |
| Corporate Stock EOY | $19,061,415 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $19,061,415 | CorporateStockEOYFMVAmt |
| Corporate Bonds EOY | $7,461,241 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $7,461,241 | CorporateBondsEOYFMVAmt |
| Invst Land Cost Or Other Basis | $16,784,360 | InvstLandCostOrOtherBasisAmt |
| Land Bldg Investments BOY | $16,784,360 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $16,784,360 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $16,784,360 | LandBldgInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $1,922,758 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $619,846 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $998,192 | LandBOYAmt |
| Land EOY | $1,302,912 | LandEOYAmt |
| Land EOYFMV | $1,302,912 | LandEOYFMVAmt |
| Total Assets BOY | $43,304,945 | TotalAssetsBOYAmt |
| Total Assets EOY | $45,761,850 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $45,761,850 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $140,830 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $117,770 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $140,830 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $117,770 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $43,164,115 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $45,644,080 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $43,164,115 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $45,644,080 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $43,304,945 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $45,761,850 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $43,164,115 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $74,897 | ExcessRevenueOverExpensesAmt |
| Other Increases | $2,405,068 | OtherIncreasesAmt |
| Subtotal | $45,644,080 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $45,644,080 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| THE NORTHERN TRUST COMPANY | P | $243,351 | $257,903 | -$14,552 | -$14,552 |
| THE NORTHERN TRUST COMPANY | P | $3,836,365 | $3,673,928 | $162,437 | $162,437 |
| VANGUARD TTL STK MKT IPLS | P | $1,420,000 | $1,515,425 | -$95,425 | -$95,425 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $318,873 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $10,086 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $10,086 | SubtotalAmt |
| Tax Based On Investment Income | $10,086 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $9,591 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $9,591 | TotalPaymentsAndCreditsAmt |
| Tax Due | $495 | TaxDueAmt |
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 | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | WWW.PREMREDDYFAMILYFOUNDATION.ORG | WebsiteAddressTxt |
| Individual With Books | YN REDDY | IndividualWithBooksNm |
| Phone | 7602418000 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16850 BEAR VALLEY RD | AddressLine1Txt |
| City | VICTORVILLE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92395 | 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 | Yes (true) | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | 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 |
| 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 | Yes (true) | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| 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 (3 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 |
|---|---|---|---|---|---|---|---|---|
| PREM REDDY | ||||||||
| 16850 BEAR VALLEY RD STE 200 | VICTORIVILLE | CA | 92395 | PRESIDENT | 2.00 | $0 | $0 | $0 |
| KAVITHA REDDY BHATIA | ||||||||
| 16850 BEAR VALLEY RD STE 200 | VICTORIVILLE | CA | 92395 | SECRETARY | 2.00 | $0 | $0 | $0 |
| SUNITHA REDDY | ||||||||
| 16850 BEAR VALLEY RD STE 200 | VICTORIVILLE | CA | 92395 | DIRECTOR | 2.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE NORTHERN TRUST COMPANY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2049 CENTURY PARK EAST | AddressLine1Txt |
| Address Line2 | SUITE 3600 | AddressLine2Txt |
| City | LOS ANGELES | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90067 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVSTMT ADVISOR | ServiceTypeTxt |
| Compensation | $152,600 | CompensationAmt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $25,575,590 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $556,913 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $18,087,272 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $44,219,775 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $44,219,775 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $663,297 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $43,556,478 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,177,824 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,177,824 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $10,086 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $10,086 | TotalTaxAmt |
| Distributable Before Adj | $2,167,738 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,167,738 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,167,738 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $988,893 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $988,893 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,167,738 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr1 | $6,038,533 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $6,038,533 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $988,893 | QualifyingDistributionsAmt |
| Applied To Current Year | $988,893 | AppliedToCurrentYearAmt |
| Excess Distri Cyov App CY Corpus | $1,178,845 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $1,178,845 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $4,859,688 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $4,859,688 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $4,859,688 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | EXECUTIVE DIRECTOR | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 16716 BEAR VALLEY RD | AddressLine1Txt |
| City | VICTORVILLE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92395 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7602418000 | RecipientPhoneNum |
| Form And Info And Materials | GRANT APPLICANTS MUST SUBMIT A BROCHURE OR PAMPHLET FROM THE ORGANIZATION, DETAIL OF THE COMMUNITY SERVICES THE ORGANIZATION PROVIDES, AND THE EVENT OR PURPOSE FOR THE CHARITABLE DONATION ALONG WITH THE ORGANIZATION'S TAX IDENTIFICATION NUMBER. SCHOLARSHIP APPLICANTS MUST PROVIDE A CURRENT APPLICATION FORM FROM HTTPS://WWW.DVMC.COM/ABOUT-US/FOUNDATION.ASPX, AT LEAST TWO LETTERS OF REFERENCE FROM SCHOOL OR WORK, OFFICIAL HIGH SCHOOL/COLLEGE TRANSCRIPT AND SUPPORTING DATA, PERSONAL STATEMENT OF PLANS AND GOALS, AND A COPY OF THE MOST CURRENT PERSONAL INCOME TAX RETURN. THE CURRENT APPLICATION FORM IS ALSO AVAILABLE AT 16716 BEAR VALLEY ROAD, VICTORVILLE, CA 92395. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | NO TIME DEADLINES EXCEPT ON SCHOLARSHIPS. SCHOLARSHIP SUBMISSIONS ARE DUE ON MAY 31ST. | SubmissionDeadlinesTxt |
| Restrictions On Awards | SCHOLARSHIP PROGRAM IS OPEN TO ALL HIGH DESERT RESIDENTS WHO ARE CURRENTLY ENROLLED OR ARE PLANNING TO ENROLL IN AN ACCREDITED PROGRAM, LEADING TO A HEALTHCARE OR MEDICALLY RELATED FIELD. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (56 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|
| VICTOR VALLEY COLLEGE | |||||
| 18422 BEAR VALLEY RD | VICTORVILLE | CA | 92395 | SCHOLARSHIPS | $42,000 |
| ASUZA PACIFIC UNIVERSITY | |||||
| 901 E ALSOTA AVE | AZUSA | CA | 91702 | SCHOLARSHIPS | $29,000 |
| UNIVERSITY OF CALIFORNIA LA | |||||
| 405 HILGARD AVE | LOS ANGELES | CA | 90095 | SCHOLARSHIPS | $13,500 |
| KECK SCHOOL OF MEDICINE | |||||
| 700 CHILDS WAY | LOS ANGELES | CA | 90089 | SCHOLARSHIP | $2,500 |
| UNIVERSITY OF SOUTHERN CALIFORNIA | |||||
| 3301 S HOOVER STREET | LOS ANGELES | CA | 90089 | SCHOLARSHIP | $1,000 |
| UNIVERSITY OF CALIFORNIA SAN DIEGO | |||||
| 9500 GILMAN DR | LA JOLLA | CA | 92093 | SCHOLARSHIP | $5,500 |
| UNIVERSITY OF CALIFORNIA RIVERSIDE | |||||
| 900 UNIVERSITY AVE | RIVERSIDE | CA | 92521 | SCHOLARSHIP | $9,500 |
| CALIFORNIA UNIV OF SCIENCE MEDICINE | |||||
| 1501 VIOLET STREET | COLTON | CA | 92324 | SCHOLARSHIP | $3,000 |
| CAL STATE UNIV SAN BERNARDINO | |||||
| 5500 UNIVERSITY PKWY | SAN BERNARDINO | CA | 92407 | SCHOLARSHIP | $4,500 |
| BARSTOW COMMUNITY COLLEGE | |||||
| 2700 BARSTOW ROAD | BARSTOW | CA | 92311 | SCHOLARSHIP | $1,500 |
| CAL STATE UNIV LONG BEACH | |||||
| 1250 BELLFLOW BLVD BH-15 | LONG BEACH | CA | 90840 | SCHOLARSHIP | $4,500 |
| UNIVERSITY OF CALIFORNIA DAVIS | |||||
| 100 DUTTON HALL ONE SHIEL | DAVIS | CA | 95616 | SCHOLARSHIP | $2,000 |
| WESTMONT COLLEGE | |||||
| 955 LA PAZ ROAD | SANTA BARBARA | CA | 93108 | SCHOLARSHIP | $1,000 |
| UNIVERSITY OF CALIFORNIA IRVINE | |||||
| 401 E PELTASON DR STE 3 | IRVINE | CA | 92617 | SCHOLARSHIP | $4,500 |
| UNIVERSITY OF CALIFORNIA SANTA BARB | |||||
| OFFICE OF FINANCIAL AID | SANTA BARBARA | CA | 93106 | SCHOLARSHIP | $2,000 |
| CAL STATE UNIVERSITY FULLERTON | |||||
| 800 N STATE COLLEGE BLVD | FULLERTON | CA | 92831 | SCHOLARSHIP | $2,500 |
| UNIVERSITY OF REDLANDS | |||||
| 1200 E COLTON AVE | REDLANDS | CA | 92371 | SCHOLARSHIP | $3,000 |
| WEST COAST UNIVERSITY | |||||
| 2855 E GUASTI ROAD | ONTARIO | CA | 91761 | SCHOLARSHIP | $5,000 |
| CHAFFEY COMMUNITY UNIVERSITY | |||||
| 5885 HAVEN AVE | RANCHO CUCAMONGA | CA | 91737 | SCHOLARSHIP | $1,500 |
| SANTA ANA COLLEGE | |||||
| 1530 W 17TH STREET | SANTA ANNA | CA | 92706 | SCHOLARSHIP | $1,500 |
| CHAPMAN UNIVERSITY | |||||
| 1 UNIVERSITY DR | ORANGE | CA | 92866 | SCHOLARSHIP | $1,500 |
| CAL STATE UNIVERSITY NORTHRIDGE | |||||
| 18111 NORDHOFF ST | NORTHRIDGE | CA | 91330 | SCHOLARSHIP | $1,500 |
| WESTCLIFF UNIVERSITY | |||||
| 17877 VON KARMAN AVE STE | IRVINE | CA | 92614 | SCHOLARSHIP | $1,500 |
| ROSEMAN UNIVERSITY | |||||
| 11 SUNSET WAY | HENDEARSON | NV | 89014 | SCHOLARSHIP | $2,000 |
| GRAND CANYON UNIVERSITY | |||||
| 3300 W CAMELBACK RD | PHOENIX | AZ | 85017 | SCHOLARSHIP | $2,000 |
| BRIGHAM YOUNG UNIVERSITY | |||||
| BRIGHAM YOUNG UNIVERSITY | PROVO | UT | 84602 | SCHOLARSHIP | $1,000 |
| SOUTHERN UTAH UNIVERSITY | |||||
| 351 W UNIVERSITY BLVD | CEDAR CITY | UT | 84720 | SCHOLARSHIP | $1,500 |
| NIGHTINGALE COLLEGE | |||||
| 95 S STATE ST STE 400 | SALT AKE CITY | UT | 84111 | SCHOLARSHIP | $3,000 |
| SAINT JAMES SCHOOL OF MEDICINE | |||||
| 1480 RENAISSANCE DR STE | PART RIDGE | IL | 60068 | SCHOLARSHIP | $3,000 |
| NORTHWESTERN UNIVERSITY | |||||
| NORTHWESTERN UNIVERSITY 2 | EVANSTON | IL | 60208 | SCHOLARSHIP | $2,500 |
| UNIVERSITY OF TEXAS ARLINGTON | |||||
| 701 S NEDDERMAN DR | ARLINGTON | TX | 76019 | SCHOLARSHIP | $1,500 |
| YALE UNIVERSITY | |||||
| PO BOX 208288 | NEW HAVEN | CT | 06520 | SCHOLARSHIP | $1,500 |
| HOWARD UNIVERSITY | |||||
| 2400 6TH STREET | WASHINGTON | DC | 20059 | SCHOLARSHIP | $2,500 |
| WALDEN UNIVERSITY | |||||
| 100 WASHINGTON AVE S | MINNEAPOLIS | MN | 55401 | SCHOLARSHIP | $3,000 |
| CASE WESTERN RESERVE UNIVERSITY | |||||
| 10900 EUCLID AVE | CLEVELAND | OH | 44106 | SCHOLARSHIP | $1,500 |
| FRIENDLY TEMPLE CHRISTIAN CENTER | |||||
| 19015 TOWN CENTER DR STE | APPLE VALLEY | CA | 92308 | DONATION | $5,000 |
| NORTH AMERICAN TELUGU ASSOC | |||||
| 606 RAGING RIVER RD | CEDAR PARK | TX | 78613 | DONATION | $250,000 |
| AMERICAN ASSOC OF PHYSICIANS INDIA | |||||
| 600 ENTERPARISE DR STE 1 | OAK BROOK | IL | 60523 | DONATION | $10,000 |
| ROCK'N OUR DISABILITIES FOUNDATION | |||||
| 14631 EQUESTRIAN COURT | VICTORVILLE | CA | 92394 | DONATION | $3,000 |
| NORTH AMERICAN TELUGU ASSOC | |||||
| 606 RAGING RIVER RD | CEDAR PARK | TX | 78613 | DONATION | $50,000 |
| SANKARA NETHRALAYA USA | |||||
| 9710 TRAVILLE GATEWAY DR | ROCKVILLE | MD | 20850 | DONATION | $15,000 |
| TELUGU ASSOC OF SO CALIFORNIA | |||||
| 14921 LARKSPUR CIRCLE | IRVINE | CA | 92604 | DONATION | $5,000 |
| AMERICAN ASSOC OF PHYSICIANS INDIA | |||||
| 600 ENTERPARISE DR STE 1 | OAK BROOK | IL | 60523 | DONATION | $100,000 |
| TELSA | |||||
| 1754 DANIELLE WAY | UPLAND | CA | 91784 | DONATION | $5,000 |
| NORTH AMERICAN TELUGU SOCIETY | |||||
| PO BOX 444 | EXTON | PA | 19341 | DONATION | $10,000 |
| TANA-TELUGU ASSOC OF N AMERICAN | |||||
| 26233 TAFT ROAD | NOVI | MI | 48374 | DONATION | $25,000 |
| NORTH AMERICAN TELUGU ASSOC INC | |||||
| 606 RAGING RIVER RD | CEDAR PARK | TX | 78613 | DONATION | $75,000 |
| INLAND EMPIRE CRICKET COUNCIL | |||||
| 6530 VENETO PACE | RANCHO CUCAMONGA | CA | 91701 | DONATION | $2,000 |
| CALIFORNIA UNIVERSITY OF SCIENCE ME | |||||
| 1501 VIOLET STREET | COLTON | CA | 92324 | DONATION | $3,000 |
| LOVING LIBRARY | |||||
| 9529 N 52ND PLACE | PARADISE VALLEY | AZ | 85253 | DONATION | $1,500 |
| ART OF LIVING FOUNDATION | |||||
| POBOX 2010 | CUPERTINO | CA | 95015 | DONATION | $100,000 |
| ART OF LIVING FOUNDATION | |||||
| POBOX 2010 | CUPERTINO | CA | 95015 | DONATION | $100,000 |
| SANKARA NETHRALAYA USA | |||||
| 9710 TRAVILLE GATEWAY DR | ROCKVILLE | MD | 20850 | DONATION | $12,500 |
| TELENGANA DEVELOPMENT FORUM | |||||
| 9 LEVAN CT | BRIDGEWATER | NJ | 08807 | DONATION | $2,000 |
| FEDERATION OF TELUGU ASSOC SO CALIF | |||||
| PO BOX 52244 | IRVINE | CA | 92619 | DONATION | $15,000 |
| TELENGANA PEOPLES ASSOC OF DALLAS | |||||
| 9555 LEBANON RD STE 203 | FRISCO | TX | 75035 | DONATION | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $963,000 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $95,543 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $718,400 | ExclusionAmt |
Net Rntl Incm Re Not Debt Fincd Prop NetRntlIncmReNotDebtFincdProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $50,610 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $318,873 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 453220 | BusinessCd |
| Unrelated Business Taxbl Incm | $8,446 | UnrelatedBusinessTaxblIncmAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Exclusion | 1 | ExclusionCd |
| Exclusion | $4,583 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $8,446 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,188,009 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,196,455 | 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 |
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 Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRIME A INVESTMENTS LLC | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3480 GUASTI RD | AddressLine1Txt |
| City | ONTARIO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 91761 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $335,470 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | DEPRECIATION | PropertyDesc |
| Current Year Expense | $15,583 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | NORTHERN TRUST FIXED INCOME SEC | BondNm |
| EOY Book Value | $7,461,241 | EOYBookValueAmt |
| EOYFMV | $7,461,241 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (4 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX | $3,236,928 | $3,236,928 |
| NORTHERN TRUST EQUITY SECURITIES | $14,240,130 | $14,240,130 |
| NORTHERN TRUST REAL ESTATE FUNDS | $461,302 | $461,302 |
| NORTHERN TRUST COMMODITIES | $1,123,055 | $1,123,055 |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLandGrp (11 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MARIPOSA & 15 FWY | $3,160,144 | $3,160,144 | $3,160,144 |
| DALE EVANS PKWY | $1,270,000 | $1,270,000 | $1,270,000 |
| PALMDALE / BADLY MESA | $941,500 | $941,500 | $941,500 |
| BEAR VALLEY & HWY 395 | $1,253,608 | $1,253,608 | $1,253,608 |
| HWY 395 & PALMDALE | $1,870,000 | $1,870,000 | $1,870,000 |
| DOS PALMAS & HWY 395 | $3,049,962 | $3,049,962 | $3,049,962 |
| LUNA & BALDY MESA | $1,380,000 | $1,380,000 | $1,380,000 |
| LAMESA VICTORVILLE | $1,933,699 | $1,933,699 | $1,933,699 |
| CANTINA & HIGHWAY 395 | $1,100,000 | $1,100,000 | $1,100,000 |
| DOS PALMAS / MIMOSA | $805,038 | $805,038 | $805,038 |
| DOS PALMAS RD | $20,409 | $20,409 | $20,409 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | EOYFMVEOYFMVAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|---|
| ART | $8,660 | $8,660 | $8,660 | |
| BUILDING IMPROVEMENTS | $416,353 | $375,330 | $375,330 | $41,023 |
| BUILDINGS | $442,983 | $68,922 | $68,922 | $374,061 |
| EQUIPMENT | $204,762 | $204,762 | ||
| LAND | $850,000 | $850,000 | $850,000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (10 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| GIFT SHOP / COFFEE SHOP | |||
| GIFT SHOP / COFFE SHOP EXPENS | $8,059 | ||
| EXPENSES | |||
| BANK CHARGES | $152,988 | $152,988 | |
| FEES AND PENALTIES | $33 | ||
| MAINTENANCE | $2,604 | $2,604 | |
| OFFICE SUPPLIES | $1,007 | ||
| SCHOLARSHIP PROGRAM EXPENSE | $25,893 | $25,893 | |
| SECURITY | $330 | $300 | |
| UTILITIES | $8,193 | $8,193 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Revenue And Expenses Per Books | $4,583 | RevenueAndExpensesPerBooksAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail (2 entries)
| DescDesc | AmtAmt |
|---|---|
| UNREALIZED GAINS - NORTHERN TRUST | $1,545,131 |
| UNREALIZED LOSSES - VANGUARD | $859,937 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| PROFESSIONAL FEES | $25,963 | $25,963 |
| INVESTMENT MANAGEMENT FEES | $32,386 | $32,386 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GIFT SHOP / COFFEE SHOP | CategoryTxt |
| Gross Sales | $12,838 | GrossSalesAmt |
| Cost Of Goods Sold | $4,392 | CostOfGoodsSoldAmt |
| Net | $8,446 | NetAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| LICENSES, FEES, AND PERMITS | $1,186 | |
| PROPERTY TAXES | $219,778 | $219,778 |
| STATE TAXES | $25 |