SHRAMAN SOUTH ASIAN MUSEUM AND LEARNING CENTER FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SHRAMAN SOUTH ASIAN MUSEUM AND LEARNING CENTER FOUNDATION (EIN 46-0715559)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-15
- IRS object ID
- 202211359349100811
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-15T12:10:27-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14241 DALLAS PARKWAY STE 1100 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75254 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 460715559 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Shraman Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % VINAY JAIN | InCareOfNm |
| Business Name Control | SHRA | BusinessNameControlTxt |
| Phone | 2142078003 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2700 W Plano Parkway | AddressLine1Txt |
| City | Plano | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75075 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | VINAY JAIN | PersonNm |
| Person Title | OFFICER | PersonTitleTxt |
| Phone | 2145930506 | PhoneNum |
| Signature | 2022-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | VINAY | PersonFirstNm |
| Person Last | JAIN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Noelle Alberto | PreparerPersonNm |
| PTIN | P01704142 | PTIN |
| Phone | 9727028262 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $306,830,052 | 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 | $184,722,360 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,679,263 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $2,679,263 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $2,679,263 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $67,798 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $67,798 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $67,798 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $7,077 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $7,077 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $7,077 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $187,476,498 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,754,138 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $2,686,340 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $201 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,806 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $24,440 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $28,740 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $9,300 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $6,300 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $28,187 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $21,387 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $36,011 | TaxesRevAndExpnssAmt |
| Deprec And Dpltn Rev And Expnss | $182,090 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $182,090 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $182,090 | DeprecAndDpltnAdjNetIncmAmt |
| Occupancy Rev And Expnss | $103,479 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $103,479 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $84,306 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $84,306 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $84,306 | OtherExpensesAdjNetIncmAmt |
| Tot Opr Expenses Rev And Expnss | $468,014 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $266,396 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $266,396 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $161,712 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $6,960 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $6,960 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $474,974 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $266,396 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $266,396 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $168,672 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $187,001,524 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,487,742 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,419,944 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $763,466 | CashBOYAmt |
| Cash EOY | $746,129 | CashEOYAmt |
| Cash EOYFMV | $746,129 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $14,908,957 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $2,736,642 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $2,736,642 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $829,123 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $791,434 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $791,434 | PrepaidExpensesEOYFMVAmt |
| US Government Obligations BOY | $46,142,176 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $54,725,058 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $54,725,058 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $5,192,995 | CorporateStockBOYAmt |
| Corporate Stock EOY | $8,377,529 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $8,377,529 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $77,274,643 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $47,906,320 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $47,906,320 | CorporateBondsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $7,283,602 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $364,180 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $7,101,512 | LandBOYAmt |
| Land EOY | $6,919,422 | LandEOYAmt |
| Land EOYFMV | $6,919,422 | LandEOYFMVAmt |
| Other Assets BOY | $127,518 | OtherAssetsBOYAmt |
| Other Assets EOY | $184,627,518 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $184,627,518 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $152,340,390 | TotalAssetsBOYAmt |
| Total Assets EOY | $306,830,052 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $306,830,052 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $7,427 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $37,492 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $24,207 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $0 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $31,634 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $37,492 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $123,308,209 | RetainedEarningBOYAmt |
| Retained Earning EOY | $306,792,560 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $123,308,209 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $306,792,560 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $123,339,843 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $306,830,052 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $123,308,209 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $187,001,524 | ExcessRevenueOverExpensesAmt |
| Subtotal | $310,309,733 | SubtotalAmt |
| Other Decreases | $3,517,173 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $306,792,560 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | CAPITAL GAIN DIVIDENDS | PropertyDesc |
| How Acquired | P | HowAcquiredCd |
| Gain Or Loss | $67,798 | GainOrLossAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $67,798 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $34,580 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $34,580 | SubtotalAmt |
| Tax Based On Investment Income | $34,580 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,328 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $59,328 | TotalPaymentsAndCreditsAmt |
| Overpayment | $24,748 | OverpaymentAmt |
| Applied To ES Tax | $24,748 | 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 |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | 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.shraman.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VINAY JAIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2142078003 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10710 INWOOD RD | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75229 | 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 |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | Yes (true) | BusinessHoldingsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| 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 (5 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 |
|---|---|---|---|---|---|---|---|---|
| VINAY K JAIN | ||||||||
| 2700 W Plano Parkway | Plano | TX | 75075 | PRESIDENT/DIRECTOR | 15.0 | $0 | $0 | $0 |
| KANIKA V JAIN | ||||||||
| 2700 W Plano Parkway | Plano | TX | 75075 | VICE PRES/SECRETARY/DIRECTOR | 5.0 | $0 | $0 | $0 |
| Greg Fisher | ||||||||
| 2700 W Plano Parkway | Plano | TX | 75075 | Treasurer | 5.0 | $0 | $0 | $0 |
| Nikhil Jain | ||||||||
| 2700 W Plano Parkway | Plano | TX | 75075 | Director | 1.0 | $0 | $0 | $0 |
| Trishla Jain | ||||||||
| 2700 W Plano Parkway | Plano | TX | 75075 | Director | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION IS ESTABLISHING A MUSEUM AND LEARNING CENTER IN DALLAS, WHICH WILL PRESERVE AND INTERPRET THE CULTURAL HERITAGE OF SOUTH ASIA, INCLUDING JAIN RELIGION AND ART. | Description1Txt |
| Expenses1 | $168,672 | Expenses1Amt |
| Description2 | SHRAMAN LIFE SCIENCE FOUNDATION PLANS TO DEVELOP DRUGS FOR CANCER, GENETIC DISORDERS, INFECTIOUS DISEASES, & AUTOIMMUNE DISEASES, ALL OF WHICH ARE SIGNIFICANTLY UNDER APPRECIATED | Description2Txt |
| Description3 | AND UNDER TREATED IN THE DEVELOPING WORLD. THIS WILL INCLUDE POTENTIAL DISCOVERY & IN-LICENSING, AS WELL AS DEVELOPING, RESEARCHING, MANUFACTURING, AND DISTRIBUTING SUCH MEDICATION | Description3Txt |
| Description4 | TO PATIENTS IN NEED. THE FOUNDATION MAY ALSO PARTNER WITH OTHER BIO-PHARMA COMPANIES TO HELP CO-DEVELOP NOVEL MEDICATIONS FOR SUCH USES. SEE ATTACHMENT | Description4Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $103,922,716 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $9,410,229 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $113,332,945 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $113,332,945 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $1,699,994 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $111,632,951 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $5,581,648 | 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 | $168,672 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $8,000,000 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $8,168,672 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2012-11-19 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,419,944 | CurrentYearAmt |
| Year1 | $2,171,879 | Year1Amt |
| Year2 | $1,555,639 | Year2Amt |
| Year3 | $902,465 | Year3Amt |
| Total | $7,049,927 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,056,952 | CurrentYearAmt |
| Year1 | $1,846,097 | Year1Amt |
| Year2 | $1,322,293 | Year2Amt |
| Year3 | $767,095 | Year3Amt |
| Total | $5,992,437 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $8,168,672 | CurrentYearAmt |
| Year1 | $350,809 | Year1Amt |
| Year2 | $4,014,849 | Year2Amt |
| Year3 | $648,152 | Year3Amt |
| Total | $13,182,482 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year1 | $0 | Year1Amt |
| Year2 | $5,000 | Year2Amt |
| Year3 | $14,256 | Year3Amt |
| Total | $19,256 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $8,168,672 | CurrentYearAmt |
| Year1 | $350,809 | Year1Amt |
| Year2 | $4,009,849 | Year2Amt |
| Year3 | $633,896 | Year3Amt |
| Total | $13,163,226 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $0 | Year2Amt |
| Year3 | $0 | Year3Amt |
| 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 | $3,721,098 | CurrentYearAmt |
| Year1 | $3,679,033 | Year1Amt |
| Year2 | $2,400,086 | Year2Amt |
| Year3 | $1,102,822 | Year3Amt |
| Total | $10,903,039 | 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 | VINAY K JAIN | ContributingManagerNm |
| Contributing Manager | KANIKA V JAIN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| Edward Titche Elementary | |||||||
| 9560 Highfield Dr | Dallas | TX | 75227 | Unrelated organization | PC | To further the exempt purpose of the recipient. | $2,195 |
| Kleberg Elementary School | |||||||
| 1450 Edd Rd | Dallas | TX | 75253 | Unrelated organization | PC | To further the exempt purpose of the recipient. | $2,467 |
| Seagoville North Elementary | |||||||
| 1906 Seagoville Rd | Seagoville | TX | 75159 | Unrelated organization | PC | To further the exempt purpose of the recipient. | $2,298 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $6,960 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp | |
| Int On Sav And Temp Cash Invst | IntOnSavAndTempCashInvstGrp |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,679,263 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $67,798 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REBATES & REFUNDS | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | $7,077 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $2,754,138 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,754,138 | 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 (3 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd | Noncash ContributionNoncashContributionInd |
|---|---|---|---|---|---|---|---|
| Communities Foundation of Texas | |||||||
| 1 | 5500 Caruth Haven Lane | Dallas | TX | 75225 | $198,153 | Yes (X) | |
| VINAY K JAIN AND KANIKA V JAIN | |||||||
| 2 | 10710 Inwood Rd | Dallas | TX | 75229 | $184,500,000 | Yes (X) | Yes (X) |
| COMPASS BANK | |||||||
| 3 | 3560 LENOX RD NE | ATLANTA | GA | 30326 | $24,207 | Yes (X) | |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 2 | ContributorNum |
| Noncash Property | Trimer Biotech LLC units | NoncashPropertyDesc |
| Fair Market Value | $184,500,000 | FairMarketValueAmt |
| Received | 2021-03-26 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $9,300 | Amt |
| Disbursements Charitable Prps | $6,300 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | 2700 PLANO | PropertyDesc |
| Acquired | 2020-01-02 | AcquiredDt |
| Cost Or Other Basis | $7,283,602 | CostOrOtherBasisAmt |
| Prior Year Depreciation | $182,090 | PriorYearDepreciationAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 40 | LifeRt |
| Current Year Expense | $182,090 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp (30 entries)
| BondBondNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| CITIGROUP INC NOTE A | $282,731 | $282,731 |
| GOLDMAN SACHS GROUP INC NOTE 1 | $545,277 | $545,277 |
| GOLDMAN SACHS GROUP INC NOTE 2 | $708,949 | $708,949 |
| BANK AMER CORP MTN | $1,926,676 | $1,926,676 |
| CITIGROUP INC NOTE B | $263,482 | $263,482 |
| JPMORGAN CHASE & CO NOTE | $275,743 | $275,743 |
| WELLS FARGO CO MTN BE | $257,215 | $257,215 |
| BANK OF AMERICA CORP | $267,225 | $267,225 |
| CITIGROUP INC NOTE C | $827,139 | $827,139 |
| BUNGE LTD FIN CORP | $507,864 | $507,864 |
| BERKSHIRE HATHAWAY FIN CORP | $1,218,748 | $1,218,748 |
| 3M CO MTN CALL MAKE WHOLE | $1,163,388 | $1,163,388 |
| VANGUARD ST CORP BD | $10,933,175 | $10,933,175 |
| MICROSOFT CORP NOTE CALL | $2,352,940 | $2,352,940 |
| ABBVIE INC NOTE CALL | $3,721,889 | $3,721,889 |
| ORACLE CORP NOTE CALL | $1,054,938 | $1,054,938 |
| EXXON MOBIL CORP NOTE CALL | $2,333,806 | $2,333,806 |
| JOHNSON & JOHNSON NOTE CALL | $2,351,705 | $2,351,705 |
| APPLE INC NOTE CALL | $2,338,268 | $2,338,268 |
| JP MORGAN CHASE & CO NOTE 1 | $2,444,940 | $2,444,940 |
| JP MORGAN CHASE & CO NOTE 2 | $2,316,982 | $2,316,982 |
| PFIZER INC NOTE CALL | $2,435,429 | $2,435,429 |
| INTERNATIONAL BUSINESS MACHS | $1,212,860 | $1,212,860 |
| AMERICAN INTL GROUP INC NOTE | $596,336 | $596,336 |
| 3M CO NOTE CALL MAKE WHOLE | $2,178,052 | $2,178,052 |
| INTEL CORP NOTE CALL | $1,055,414 | $1,055,414 |
| PURCHASED INTEREST | $24,542 | $24,542 |
| CITIGROUP INC NOTE D | $1,000,000 | $1,000,000 |
| VANGUARD BALANCED INDEX ADM | $1,290,606 | $1,290,606 |
| ADDITIONAL BONDS NOT ON STMT | $20,001 | $20,001 |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (2 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| VANGUARD TOTAL STOCK ETF | $6,441,619 | $6,441,619 |
| VANGUARD BALANCE INDEX-ADM | $1,935,910 | $1,935,910 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $15,928,476 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $15,928,476 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $38,796,582 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $38,796,582 | StateLocalSecEOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | 2700 PLANO | CategoryOrItemTxt |
| Cost Or Other Basis | $7,283,602 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $364,180 | AccumulatedDepreciationAmt |
| Book Value | $6,919,422 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $24,440 | LegalFeesAmt |
| Disbursements Charitable Prps | $28,740 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (3 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| TEXTUAL COLLECTION | $14,993 | $14,993 | $14,993 |
| ART & ANTIQUITIES COLLECTION | $112,525 | $112,525 | $112,525 |
| TRIMER BIOTECH LLC | $0 | $184,500,000 | $184,500,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $3,517,173 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| BANK FEES | $149 | $149 | $149 |
| GENERAL LIABILITY INSURANCE | $83,236 | $83,236 | $83,236 |
| MEMBERSHIPS & SUBSCRIPTIONS | $688 | $688 | $688 |
| INFORMATION TECHNOLOGY | $233 | $233 | $233 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Rebates & Refunds | Desc |
| Revenue And Expenses Per Books | $7,077 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $7,077 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $7,077 | AdjustedNetIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| REAL ESTATE CONSULTING FEES | $20,000 | $21,387 |
| CONSULTANT FEES | $1,088 | |
| ISABEL RANDOLPH CONSULTING | $7,099 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | CategoryTxt |
| Amt | $36,011 | Amt |