STRATEGY STUDIO / PUBLIC DATA EXPLORER

DBM FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
DBM FAMILY FOUNDATION (EIN 20-1119103)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-06-15
IRS object ID
202121669349100202
Schema version
2020v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-06-15T07:06:09-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GTX INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1264 BIRCH DRIVEAddressLine1Txt
CityROSLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11576ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201119103EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DBM FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlDBMFBusinessNameControlTxt
Phone7037534909PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15918 WATERLOO BRIDGE CIRCLEAddressLine1Txt
CityHAYMARKETCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20169ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVIPUL PARIKHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2021-06-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstVIPULPersonFirstNm
Person LastPARIKHPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKETKI GANDHIPreparerPersonNm
PTINP00136632PTIN
Phone5166627089PhoneNum
Preparation2021-06-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$282,990FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$865ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$1InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$5,763DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,763DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$1,637NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$33,678GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$1,637CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,219OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$9,485TotalRevAndExpnssAmt
Total Net Invst Incm$7,401TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$250AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$26TaxesRevAndExpnssAmt
Taxes Net Invst Incm$26TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$1,332OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$1,332OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,608TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,608TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,701ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,701ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$16,309TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,608TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,701TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$6,824ExcessRevenueOverExpensesAmt
Net Investment Income$5,793NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$25,338SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$28,083SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$23,081SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$216,395CorporateStockBOYAmt
Corporate Stock EOY$206,826CorporateStockEOYAmt
Corporate Stock EOYFMV$259,909CorporateStockEOYFMVAmt
Total Assets BOY$241,733TotalAssetsBOYAmt
Total Assets EOY$234,909TotalAssetsEOYAmt
Total Assets EOYFMV$282,990TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$241,733RetainedEarningBOYAmt
Retained Earning EOY$234,909RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$241,733TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$234,909TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$241,733TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$234,909TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$241,733TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$6,824ExcessRevenueOverExpensesAmt
Subtotal$234,909SubtotalAmt
Tot Net Ast Or Fund Balances EOY$234,909TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
518.691 FIRST EAGLE OVERSEASP2020-04-22$11,021$12,451-$1,430-$1,430
108.002 VANGUARD REAL ESTATEP2020-10-20$18,553$19,590-$1,037-$1,037
FieldValueIRS element (for citing)
Capital Gain Net Income$1,637CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$81InvestmentIncomeExciseTaxAmt
Subtotal$81SubtotalAmt
Tax Based On Investment Income$81TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,175EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,175TotalPaymentsAndCreditsAmt
Original Return Tax Paid$1,175OriginalReturnTaxPaidAmt
Overpayment$1,094OverpaymentAmt
Applied To ES Tax$1,094AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksVIPUL V PARIKH PRESIDENTIndividualWithBooksNm
Phone7037534909PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line15918 WATERLOO BIRDGE CIRCLEAddressLine1Txt
CityHAYMARKETCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20169ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
VIPUL V PARIKH
5918 WATERLOO BRIDGE CIRCLEHAYMARKETVA20169PRESIDENT/DIRECTOR001.00$0
VIRAJ A PARIKH
1922 STONE RIDGE LANEVILLANOVAPA19085SECRETARY/TREASURER/DIRECTOR004.00$0
VIRENDRA M PARIKH
5918 WATERLOO BRIDGE CIRCLEHAYMARKETVA20169DIRECTOR001.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1THE ORGANIZATION IS DEDICATED TO CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES AND PROVIDES RELIEF TO PERSONS IN THE UNITED STATES AND INDIA THROUGH CONTRIBUTIONS AND GRANTS TO OTHER CHARITIES AND NON-PROFIT ORGANIZATIONS.Description1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$216,591AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$25,924AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$242,515TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$242,515AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,638CashDeemedCharitableAmt
Net Vl Noncharitable Assets$238,877NetVlNoncharitableAssetsAmt
Minimum Investment Return$11,944MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$11,944MinimumInvestmentReturnAmt
Tax Based On Investment Income$81TaxBasedOnInvestmentIncomeAmt
Total Tax$81TotalTaxAmt
Distributable Before Adj$11,863DistributableBeforeAdjAmt
Distributable Before Ded$11,863DistributableBeforeDedAmt
Distributable As Adjusted$11,863DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,701ExpensesAndContributionsAmt
Qualifying Distributions$14,701QualifyingDistributionsAmt
Adjusted Qualifying Distri$14,701AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$11,863DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$2,072ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$5,330ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$11,361ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$18,763TotalExcessDistributionCyovAmt
Qualifying Distributions$14,701QualifyingDistributionsAmt
Applied To Current Year$11,863AppliedToCurrentYearAmt
Remaining Distri From Corpus$2,838RemainingDistriFromCorpusAmt
Total Corpus$21,601TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$21,601ExcessDistriCyovToNextYrAmt
Excess From Year3$2,072ExcessFromYear3Amt
Excess From Year2$5,330ExcessFromYear2Amt
Excess From Year1$11,361ExcessFromYear1Amt
Excess From Current Year$2,838ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerVIRENDRA M PARIKHContributingManagerNm
Shareholder ManagerNONEShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ARSHA VIDHYA PITHAM
P O BOX 1059SAYLONSBURGPA18353NONEPCPROMOTE HIGHER EDUCATION$1,500
AMERICAN UNIVERSITY
P O BOX 98101WASHINGTONDC20090NONEPCPROMOTE HIGHER EDUCATION$100
EKAL VIDYALAYA FOUNDATION OF USA
P O BOX 821369HOUSTONTX77282NONEPCPROMOTE LITERACY EDUCATION IN RURAL AREA$3,650
VHP OF AMERICA - SUPPORT A CHILD
PO BOX 1229MASONOH45040NONEPCPROMOTE LITERACY EDUCATION IN RURAL AREA$1,250
SEWA INT'L INC
PO BOX 820867HOUSTONTX77282NONEPCSERVE HUMANITY PROMOTE RURAL AREA$4,000
MUNI SEVA CHARITABLE FOUNDATION
1006 OLDE STERLING WAYDAYTONOH45459NONEPCPROMOTE HINDU RELIGION$1,000
AMERICAN CANCER SOCIETY
P O BOX 22478OKLAHOMAOK73123NONEPCRESEARCH$100
AMERICAN HEART ASSOCIATION
P O BOX 417005BOSTONMA02241NONEPCRESEARCH$100
HINDU AMERICAN FOUNDATION
910 17TH STRRET NWWASHINGTONDC20006NONEPCPROMOTE HINDU RELIGION$2,501
PARKINSON'S FDN OF NAT'L CAPITAL AR
8830 CAMERON STREETSILVER SPRINGMD20910NONEPCRESEARCH$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,701TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion20ExclusionCd
Exclusion$1ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion20ExclusionCd
Exclusion$5,763ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$1,637ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescExclusionExclusionCdExclusionExclusionAmt
RETURN OF CAPITAL03$732
TAX EXEMPT DIVIDEND03$487

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$8,620ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$8,620TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1NOT APPLICABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$250Amt
Net Investment Income$250NetInvestmentIncomeAmt

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescN/ADesc

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCHARLES SCHWABStockNm
EOY Book Value$206,826EOYBookValueAmt
EOYFMV$259,909EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT FEESDesc
Revenue And Expenses Per Books$1,332RevenueAndExpensesPerBooksAmt
Net Investment Income$1,332NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
RETURN OF CAPITAL$732
TAX EXEMPT DIVIDEND$487

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonVIRENDRA AND ROHINI PARIKHPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15918 WATERLOO BRIDGE CIRCLEAddressLine1Txt
CityHAYMARKETCityNm
State AbbreviationVAStateAbbreviationCd
ZIP20169ZIPCd

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$26Amt
Net Investment Income$26NetInvestmentIncomeAmt