THE ADI FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- THE ADI FOUNDATION (EIN 47-2653723)
- Tax period
- 2019-12-01 to 2020-11-30
- Filed
- 2021-05-24
- IRS object ID
- 202121449349100567
- Schema version
- 2019v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-24T12:35:18-07:00 | ReturnTs |
| Tax Period End | 2020-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 271037572 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | U N VORA CPAPC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18333 Preston Road Suite 545 | AddressLine1Txt |
| City | Dallas | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 472653723 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ADI FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ADIF | BusinessNameControlTxt |
| Phone | 2147512130 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6433 SUDBURY ROAD | AddressLine1Txt |
| City | PLANO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75024 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ADIL ADI | PersonNm |
| Person Title | Director | PersonTitleTxt |
| Signature | 2021-05-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Upendra N Vora CPA | PreparerPersonNm |
| PTIN | P00449934 | PTIN |
| Phone | 9723921040 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | 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 | $0 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $15,752 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $15,752 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $15,752 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $174,142 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,238,588 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $174,142 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $3,694 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $189,894 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $189,894 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $19,446 | TotalAdjNetIncmAmt |
| Interest Rev And Expnss | $34 | InterestRevAndExpnssAmt |
| Taxes Rev And Expnss | $211 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $3,733 | OtherExpensesRevAndExpnssAmt |
| Tot Opr Expenses Rev And Expnss | $3,978 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,978 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $0 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $185,916 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $189,894 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $19,446 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $28,778 | CashBOYAmt |
| Cash EOY | $7,380 | CashEOYAmt |
| Corporate Stock BOY | $962,229 | CorporateStockBOYAmt |
| Corporate Stock EOY | $752,258 | CorporateStockEOYAmt |
| Corporate Bonds BOY | $8,775 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $118,420 | CorporateBondsEOYAmt |
| Other Investments EOY | $321,185 | OtherInvestmentsEOYAmt |
| Total Assets BOY | $999,782 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,199,243 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $0 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $999,782 | NoDonorRstrNetAssestsBOYAmt |
| Tot Net Ast Or Fund Balances BOY | $999,782 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,199,243 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $999,782 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,199,243 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $999,782 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $185,916 | ExcessRevenueOverExpensesAmt |
| Other Increases | $13,545 | OtherIncreasesAmt |
| Subtotal | $1,199,243 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,199,243 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (14 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| 20000 UBS #05530 LT Gain | P | 2018-01-01 | 2019-11-27 | $20,434 | $19,002 | $1,432 | $1,432 |
| 10000 UBS #05530 ST Gain | P | 2019-01-01 | 2020-02-19 | $10,618 | $10,153 | $465 | $465 |
| 8000 UBS #05530 LT Loss | P | 2018-11-26 | 2020-02-19 | $7,732 | $7,926 | -$194 | -$194 |
| 4000 UBS #05530 ST Loss | P | 2019-09-05 | 2020-03-17 | $3,510 | $4,043 | -$533 | -$533 |
| 20 UBS #05704 ST Gain | P | 2019-11-26 | 2019-12-30 | $5,905 | $5,769 | $136 | $136 |
| 18.53 UBS #05704 LT Gain | P | 2018-01-04 | 2019-12-09 | $4,205 | $3,438 | $767 | $767 |
| 103 UBS #05704 LT Gain | P | 2018-01-04 | 2020-02-10 | $15,779 | $7,795 | $7,984 | $7,984 |
| 53 UBS #05704 ST Loss | P | 2019-09-16 | 2020-03-19 | $5,425 | $15,856 | -$10,431 | -$10,431 |
| 79 UBS #05704 LT Gain | P | 2018-01-04 | 2020-03-10 | $15,412 | $12,580 | $2,832 | $2,832 |
| .50 UBS #06268 LT Loss | P | 2018-01-04 | 2020-04-03 | $24 | $34 | -$10 | -$10 |
| 3000 Goldman Sachs 943-6 ST Loss | P | 2020-08-04 | 2020-08-31 | $401,006 | $405,737 | -$4,731 | -$4,731 |
| Goldman Sachs 944-4 LT Gain | P | 2018-01-01 | 2020-12-31 | $628,144 | $469,853 | $158,291 | $158,291 |
| Goldman Sachs 944-4 ST Gain | P | 2020-03-20 | 2020-11-30 | $110,382 | $91,594 | $18,788 | $18,788 |
| Goldman Sachs 944-4 LT Loss | P | 2018-09-21 | 2020-06-05 | $10,012 | $10,666 | -$654 | -$654 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $174,142 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $3,694 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $3,798 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $3,798 | SubtotalAmt |
| Tax Based On Investment Income | $3,798 | TaxBasedOnInvestmentIncomeAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $2 | EsPenaltyAmt |
| Tax Due | $3,800 | 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 | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | 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 | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UN VORA CPA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9723921040 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 18333 PRESTON ROAD STE 545 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| SAROSH ADIL ADI | ||||||
| 6433 SUDBURY ROAD | PLANO | TX | 75024 | President | 1.00 | $0 |
| ZENOBIA ADI | ||||||
| 6433 SUDBURY ROAD | PLANO | TX | 75024 | Treasurer | 1.00 | $0 |
| ADIL ADI | ||||||
| 6433 SUDBURY ROAD | PLANO | TX | 75024 | Director | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $0 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $0 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Adjusted Total FMV Of Unused Ast | $0 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $0 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $0 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $0 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Based On Investment Income | $3,798 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $3,798 | TotalTaxAmt |
| Distributable Before Adj | $3,798 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $3,798 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $0 | ExpensesAndContributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $50,800 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $37,250 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $45,000 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $58,875 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,200 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $193,125 | TotalExcessDistributionCyovAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Total Corpus | $193,125 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $50,800 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $142,325 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $37,250 | ExcessFromYear4Amt |
| Excess From Year3 | $45,000 | ExcessFromYear3Amt |
| Excess From Year2 | $58,875 | ExcessFromYear2Amt |
| Excess From Year1 | $1,200 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $15,752 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $174,142 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $189,894 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $189,894 | 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 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | Goldman Sachs-Convertible Securities | CategoryOrItemTxt |
| Listed At Cost Or FMV | FMV | ListedAtCostOrFMVCd |
| Book Value | $321,185 | BookValueAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt |
|---|---|
| Management Fees - 05530 | $1,124 |
| Management Fees - 05704 | $1,123 |
| Management/Account Fees - Goldman Sachs | $1,427 |
| Other withdrawals fees - 05704 | $1 |
| Other Withdrawals fees - 06268 | $58 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt |
|---|---|
| Foreign Taxes Paid - Goldman Sachs 213-0 | $25 |
| Foreign Taxes Paid - UBS 05704 | $186 |