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EKTA FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
EKTA FOUNDATION (EIN 26-1644753)
Tax period
2018-12-01 to 2019-11-30
Filed
2020-02-14
IRS object ID
202020459349100317
Schema version
2018v3.2
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-02-14T16:14:04-06:00ReturnTs
Tax Period End2019-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN631262841PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ANGLIN REICHMANN ARMSTRONG PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1305 QUALITY CIRCLEAddressLine1Txt
CityHUNTSVILLECityNm
State AbbreviationALStateAbbreviationCd
ZIP358065539ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2018-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN261644753EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EKTA FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEKTABusinessNameControlTxt
Phone2564649600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16 KING GEORGES WAYAddressLine1Txt
CityHUNTSVILLECityNm
State AbbreviationALStateAbbreviationCd
ZIP35824ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHOK K MAHBUBANIPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone2564649600PhoneNum
Signature2020-02-13SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRYAN J CAMPBELL CPAPreparerPersonNm
PTINP01236363PTIN
Phone2565331040PhoneNum
Preparation2020-02-13PreparationDt
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,631,840FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,600,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$21,004InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$21,004InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$21,004InterestOnSavingsAdjNetIncmAmt
Total Rev And Expnss$1,621,004TotalRevAndExpnssAmt
Total Net Invst Incm$21,004TotalNetInvstIncmAmt
Total Adj Net Incm$21,004TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$600AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,956OtherProfFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$11,349TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$5,138OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$19,043TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$19,480ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$19,480ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$38,523TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$19,480TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,582,481ExcessRevenueOverExpensesAmt
Net Investment Income$21,004NetInvestmentIncomeAmt
Adjusted Net Income$21,004AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$49,359SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,631,840SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,631,840SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$49,359TotalAssetsBOYAmt
Total Assets EOY$1,631,840TotalAssetsEOYAmt
Total Assets EOYFMV$1,631,840TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$49,359RetainedEarningBOYAmt
Retained Earning EOY$1,631,840RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$49,359TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,631,840TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$49,359TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,631,840TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$49,359TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,582,481ExcessRevenueOverExpensesAmt
Subtotal$1,631,840SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,631,840TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$48,203NetVlNoncharitableAssetsYr1Amt
Net Vl Noncharitable Assets Yr2$20,095NetVlNoncharitableAssetsYr2Amt
Adjusted Qlfy Distri Yr3$50,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$31,173NetVlNoncharitableAssetsYr3Amt
Distribution Yr31.603952DistributionYr3Rt
Adjusted Qlfy Distri Yr4$126,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$243,017NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.518482DistributionYr4Rt
Adjusted Qlfy Distri Yr5$100,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$427,537NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.233898DistributionYr5Rt
Total Distribution2.356332TotalDistributionRt
Average Distribution0.785444AverageDistributionRt
Net Vl Noncharitable Assets$823,331NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$646,680AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$210NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$646,890AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$19,480QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$420InvestmentIncomeExciseTaxAmt
Subtotal$420SubtotalAmt
Tax Based On Investment Income$420TaxBasedOnInvestmentIncomeAmt
Tax Due$420TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Website AddressHTTP://WWW.EKTAFOUNDATIONUSA.ORG/WebsiteAddressTxt
Individual With BooksASHOK K MAHBUBANIIndividualWithBooksNm
Phone2564649600PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line16 KING GEORGES WAY SWAddressLine1Txt
CityMADISONCityNm
State AbbreviationALStateAbbreviationCd
ZIP35824ZIPCd
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
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
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
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 PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ASHOK K MAHBUBANI
6 KING GEORGES WAY SWMADISONAL35824DIRECTOR000.00$0$0$0
AMRITA MAHBUBANI
6 KING GEORGES WAY SWMADISONAL35824DIRECTOR000.00$0$0$0
SCOTT FAULKNER
2101 CLINTON AVENUE SUITE 102HUNTSVILLEAL35805DIRECTOR000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$835,869AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$835,869TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$835,869AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$12,538CashDeemedCharitableAmt
Net Vl Noncharitable Assets$823,331NetVlNoncharitableAssetsAmt
Minimum Investment Return$41,167MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$41,167MinimumInvestmentReturnAmt
Tax Based On Investment Income$420TaxBasedOnInvestmentIncomeAmt
Total Tax$420TotalTaxAmt
Distributable Before Adj$40,747DistributableBeforeAdjAmt
Distributable Before Ded$40,747DistributableBeforeDedAmt
Distributable As Adjusted$40,747DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$19,480ExpensesAndContributionsAmt
Qualifying Distributions$19,480QualifyingDistributionsAmt
Adjusted Qualifying Distri$19,480AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$40,747DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$78,632ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$113,854ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$48,441ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$240,927TotalExcessDistributionCyovAmt
Qualifying Distributions$19,480QualifyingDistributionsAmt
Applied To Current Year$19,480AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$21,267ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$21,267ExcessDistributionCyovAppCYAmt
Total Corpus$219,660TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$57,365ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$162,295ExcessDistriCyovToNextYrAmt
Excess From Year4$113,854ExcessFromYear4Amt
Excess From Year3$48,441ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SKOLL FOUNDATION
250 UNIVERSITY AVESUITE 200PALO ALTOCA94301501C3GENERAL SUPPORT$3,480
AMERICAN HEART ASSOCIATION
7272 GREENVILLE AVENUEDALLASTX75231501C3GENERAL SUPPORT$1,000
OPEN FUTURE INSTITUTE
301 W 57TH STREETNEW YORKNY10019501C3GENERAL SUPPORT$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$19,480TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,004RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$21,004RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$21,004TotalIncomeProducingActyAmt

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
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonASHOK AMRITA MAHBUBANIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line16 KING GEORGES WAY SWAddressLine1Txt
CityMADISONCityNm
State AbbreviationALStateAbbreviationCd
ZIP35824ZIPCd
FieldValueIRS element (for citing)
Total Contributions$1,600,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryANGLIN REICHMANN (FORM 990)CategoryTxt
Amt$600Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK SERVICE CHARGE$195
WEB HOSTING$239
ADVERTISING$4,704

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$1,956Amt