DRS KIRAN & PALLAVI PATEL 2017 FOUNDATION FOR GLOBAL UNDERSTANDIN: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- DRS KIRAN & PALLAVI PATEL 2017 FOUNDATION FOR GLOBAL UNDERSTANDIN (EIN 82-3755232)
- Tax period
- 2017-12-15 to 2018-10-31
- Filed
- 2019-09-12
- IRS object ID
- 201942559349100424
- Schema version
- 2017v2.3
- 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 Other Schedule2
- Legal Fees Schedule
- Mortgages And Notes Payable Sch
- Other Expenses Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-09-12T15:14:32-05:00 | ReturnTs |
| Tax Period End | 2018-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 OTTAWA AVE NW STE 300 | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49503 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-12-15 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 823755232 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Drs Kiran & Pallavi Patel 2017 Foundation | BusinessNameLine1Txt |
| Business Name Line2 | for Global Understanding Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % ANA ENDRES | InCareOfNm |
| Business Name Control | DRSK | BusinessNameControlTxt |
| Phone | 3144447757 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5600 Mariner Street | AddressLine1Txt |
| City | Tampa | CityNm |
| State Abbreviation | FL | StateAbbreviationCd |
| ZIP | 33609 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SHILEN PATEL | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3144447757 | PhoneNum |
| Signature | 2019-02-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jacob Cook | PreparerPersonNm |
| PTIN | P01240455 | PTIN |
| Phone | 6167747000 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.203.204.82 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 38868920192555000176 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-09-12 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B66C29A5EC6B69E1617E00EC4097D0B6FF27014B | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | AD54E84643133A88D42B8B354FA1BEC36FB2E1CE | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | Yes (X) | InitialReturnInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $209,457,304 | 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 | $138,833,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $2,476,610 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,741,545 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $1,741,545 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$4,338,937 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $117,779,351 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $136,970,673 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,741,545 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $1,741,545 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $122,668 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $57,726 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $57,726 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $0 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $4,599 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $2,300 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $2,300 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $2,299 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $436,554 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $436,554 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $436,554 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Rev And Expnss | $664,966 | InterestRevAndExpnssAmt |
| Interest Dsbrs Chrtbl | $303,484 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $20,930 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $20,930 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $20,930 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $544,632 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $544,632 | OccupancyDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $659,086 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $7,542 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $7,542 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $651,544 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,453,435 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $525,052 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $525,052 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $1,501,959 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $10,803,845 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $10,803,845 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $13,257,280 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $525,052 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $525,052 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,305,804 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $123,713,393 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,216,493 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $1,216,493 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $0 | CashBOYAmt |
| Cash EOY | $6,445,190 | CashEOYAmt |
| Cash EOYFMV | $6,445,190 | CashEOYFMVAmt |
| Other Nts And Loans Rcvbl | $38,761,425 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $0 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $38,761,425 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $38,761,425 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Other Investments BOY | $0 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $122,325,463 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $122,325,463 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $41,925,226 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $41,925,226 | LandEOYAmt |
| Land EOYFMV | $41,925,226 | LandEOYFMVAmt |
| Total Assets BOY | $0 | TotalAssetsBOYAmt |
| Total Assets EOY | $209,457,304 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $209,457,304 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $11,331,593 | AccountsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $0 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $74,412,318 | MortgagesAndNotesPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $85,743,911 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $0 | UnrestrictedBOYAmt |
| Unrestricted EOY | $123,713,393 | UnrestrictedEOYAmt |
| Temporarily Restricted BOY | $0 | TemporarilyRestrictedBOYAmt |
| Temporarily Restricted EOY | $0 | TemporarilyRestrictedEOYAmt |
| Permanently Restricted BOY | $0 | PermanentlyRestrictedBOYAmt |
| Permanently Restricted EOY | $0 | PermanentlyRestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $123,713,393 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $0 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $209,457,304 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $0 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $123,713,393 | ExcessRevenueOverExpensesAmt |
| Subtotal | $123,713,393 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $123,713,393 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | GAIN/LOSS | PropertyDesc |
| Gross Sales Price | $117,779,351 | GrossSalesPriceAmt |
| Cost Or Other Basis | $120,007,164 | CostOrOtherBasisAmt |
| Gain Or Loss | -$2,227,813 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$2,227,813 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$2,227,813 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$2,227,813 | NetShortTermCapitalGainLossAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Qlfy Und Sect4940e Reduced Tax | QlfyUndSect4940eReducedTaxGrp |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $24,330 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $24,330 | SubtotalAmt |
| Tax Based On Investment Income | $24,330 | TaxBasedOnInvestmentIncomeAmt |
| Extsn Request Income Tax Paid | $65,000 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $65,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $40,670 | OverpaymentAmt |
| Applied To ES Tax | $30,000 | AppliedToESTaxAmt |
| Refund | $10,670 | RefundAmt |
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 |
| Org Report Or Register State | FL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (true) | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANA ENDRES | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3144447757 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7125 HEADLEY STREET STE 213 | AddressLine1Txt |
| City | ADA | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49301 | 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 |
| Undistr Incm Sect4942a2 Not App | false | UndistrIncmSect4942a2NotAppInd |
| 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 |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 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 |
|---|---|---|---|---|---|---|---|---|
| DR KIRAN C PATEL | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DR PALLAVI K PATEL | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DR SHEETAL K PATEL | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | V.P., TREASURER, & DIRECTOR | 1.0 | $0 | $0 | $0 |
| DR SONALI K JUDD | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | SECRETARY & DIRECTOR | 1.0 | $0 | $0 | $0 |
| SHILEN PATEL | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | PRESIDENT & DIRECTOR | 1.0 | $0 | $0 | $0 |
| RUPESH SHAH | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| HITESH JOHN ADHIA | ||||||||
| 5600 Mariner Street | Tampa | FL | 33609 | DIRECTOR | 1.0 | $0 | $0 | $0 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | NOVA SOUTHEASTERN UNIVERSITY INC. | Description1Txt |
| Expenses1 | $5,666,495 | Expenses1Amt |
| Description2 | SHAKTI KRUPA CHARITABLE TRUST | Description2Txt |
| Expenses2 | $3,000,000 | Expenses2Amt |
| Description3 | FLORIDA HOSPITAL TAMPA | Description3Txt |
| Expenses3 | $1,000,000 | Expenses3Amt |
| Description4 | IIT GANDHINAGAR FOUNDATION | Description4Txt |
| Expenses4 | $800,000 | Expenses4Amt |
| 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 | $114,023,407 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $12,707,084 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $9,718,528 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $136,449,019 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $136,449,019 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,046,735 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $134,402,284 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $6,720,114 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,305,804 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $5,800,000 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $18,105,804 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $18,105,804 | AdjustedQualifyingDistriAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2018-10-10 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,216,493 | CurrentYearAmt |
| Total | $1,216,493 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $1,034,019 | CurrentYearAmt |
| Total | $1,034,019 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $18,105,804 | CurrentYearAmt |
| Total | $18,105,804 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $10,803,845 | CurrentYearAmt |
| Total | $10,803,845 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $7,301,959 | CurrentYearAmt |
| Total | $7,301,959 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Assets | TotalAssetsGrp |
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 | $4,480,076 | CurrentYearAmt |
| Total | $4,480,076 | 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 | DR KIRAN C PATEL | ContributingManagerNm |
| Contributing Manager | DR PALLAVI K PATEL | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line1RecipientForeignAddress/AddressLine1Txt | CityRecipientForeignAddress/CityNm | Province Or StateRecipientForeignAddress/ProvinceOrStateNm | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NOVA SOUTHEASTERN UNIVERSITY INC | ||||||||||||
| 3301 COLLEGE AVENUE | FORT LAUDERDALE | FL | 33314 | NONE | PC | GENERAL OPERATION | $5,666,495 | |||||
| SHAKTI KRUPA CHARITABLE TRUST | ||||||||||||
| NONE | PC | GENERAL OPERATION | $3,000,000 | AT PO TALUKA SINOR | DIST | MOTA FOFALIA, GUJ | IN | 391115 | ||||
| FLORIDA HOSPITAL TAMPA | ||||||||||||
| 3100 E FLETCHER AVE | TAMPA | FL | 33613 | NONE | PC | GENERAL OPERATION | $1,000,000 | |||||
| IIT GANDHINAGAR FOUNDATION | ||||||||||||
| 450 MELVILLE AVENUE | PALO ALTO | CA | 94301 | NONE | PC | GENERAL OPERATION | $800,000 | |||||
| RICHARD C CONDORELLI MEMORIAL FOUNDATION | ||||||||||||
| 32 SOUTH STREET UNIT 100 | WALTHAM | MA | 02453 | NONE | PC | GENERAL OPERATION | $325,000 | |||||
| AFRICA COLLEGE FUND | ||||||||||||
| 2004 RADIANCE CIRCLE | FAIRFIELD | IA | 52556 | NONE | PC | OPERATING SUPPORT | $12,350 | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $10,803,845 | 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 |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,741,545 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 523000 | BusinessCd |
| Unrelated Business Taxbl Incm | $735,065 | UnrelatedBusinessTaxblIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$4,338,937 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $735,065 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$2,597,392 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$1,862,327 | 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 (5 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| DRS KIRAN PALLAVI PATEL | ||||||
| 1 | 5600 MARINER STREET | TAMPA | FL | 33609 | $126,333,000 | Yes (X) |
| DEVAIAH PAGIDIPATI | ||||||
| 2 | 601 S HARBOUR ISLAND BLVD STE 213A | TAMPA | FL | 33602 | $4,100,000 | Yes (X) |
| SIDDHARTHA PAGIDIPATI | ||||||
| 3 | 601 S HARBOR ISLAND BLVD STE 213A | TAMPA | FL | 33602 | $3,150,000 | Yes (X) |
| SRUJANI PAGIDIPATI | ||||||
| 4 | 601 S HARBOR ISLAND BLVD STE 213A | TAMPA | FL | 33602 | $2,625,000 | Yes (X) |
| RAHULDEV PAGIDIPATI | ||||||
| 5 | 601 S HARBOUR ISLAND BLVD STE 213A | TAMPA | FL | 33602 | $2,625,000 | Yes (X) |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $4,599 | Amt |
| Net Investment Income | $2,300 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $2,300 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $2,299 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| FIXED INCOME | FMV | $3,169,434 | $3,169,434 |
| EQUITIES | FMV | $104,932,719 | $104,932,719 |
| REAL ASSETS | FMV | $3,943,096 | $3,943,096 |
| OANDA CORP | FMV | $2,500,000 | $2,500,000 |
| AXIOM ACQUISITION VENTURES | FMV | $4,569,568 | $4,569,568 |
| IIFL OPPORTUNITIES FUND | FMV | $3,210,646 | $3,210,646 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $122,668 | LegalFeesAmt |
| Net Investment Income | $57,726 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $57,726 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (3 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | InterestInterestRt |
|---|---|---|---|---|
| SUNTRUST | ||||
| $40,000,000 | $39,912,658 | 2018-05 | 2019-05 | 3.875 |
| FIFTH THIRD BANK | ||||
| $30,000,000 | $29,999,660 | 2018-04 | 3.675 | |
| CLEARWATER OSTEOPAHTIC MEDICAL COLL | ||||
| $38,000,000 | $4,500,000 | 2018-10 | 1.5 | |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| GENERAL AND ADMINSTRATIVE | $12,411 | $7,542 | $7,542 | $4,869 |
| BANK SERVICE CHARGES | $243 | $0 | $0 | $243 |
| INSURANCE EXPENSE | $646,432 | $0 | $0 | $646,432 |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (14 entries)
| Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | InterestInterestRt |
|---|---|---|---|---|
| DURGA PROPERTY HOLDINGS INC | ||||
| $2,750,000 | $2,013,913 | 2018-05 | 2018-11 | 12. |
| LAXMI OF NAPLES LLC | ||||
| $1,200,000 | $1,081,563 | 2018-03 | 2018-10 | 12. |
| TWINS HOSPITALITY LLC | ||||
| $114,675 | $114,675 | 2018-04 | 2019-07 | 12. |
| KPATEL LLC | ||||
| $305,000 | $305,000 | 2018-08 | 2021-08 | 8. |
| ASTA HOLDINGS LLC | ||||
| $6,683,000 | $6,683,000 | 2018-09 | 2019-09 | 10. |
| LAXMI OF PORT CHARLOTTE LLC | ||||
| $5,150,000 | $5,150,000 | 2018-10 | 2019-04 | 6. |
| SANAM CONYERS LODGING LLC | ||||
| $1,505,805 | $1,505,805 | 2018-09 | 2026-02 | 0 |
| JANAM MADISON LODGING LLC | ||||
| $869,311 | $869,131 | 2018-09 | 2026-03 | 0 |
| DAVID AND MELISSA HUNT | ||||
| $9,165,000 | $9,165,000 | 2018-06 | 2018-12 | 12. |
| S&E GLOBAL LLC | ||||
| $100,000 | $100,000 | 2018-07 | 2019-01 | 12. |
| S4GLOBAL INV | ||||
| $200,000 | $200,000 | 2018-09 | 2019-03 | 12. |
| NORTH DAKOTA - GALA PROPERTIES LLC | ||||
| $6,181,197 | $6,181,197 | 2018-07 | 0 | |
| ARUBA VENTURES LLC | ||||
| $3,007,646 | $3,007,646 | 2018-08 | 2020-08 | 0 |
| DRS KIRAN & PALLAVI PATEL FAMILY FOUNDA | ||||
| $30,000,000 | $2,384,495 | 2018-04 | 2020-09 | 0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| OTHER PROFESSIONAL FEES | $7,760 | $7,760 | $7,760 | $0 |
| INVESTMENT MANAGEMENT FEES | $428,794 | $428,794 | $428,794 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| DRS KIRAN PALLAVI PATEL | |||
| 5600 MARINER STREET | TAMPA | FL | 33609 |
| DEVAIAH PAGIDIPATI | |||
| 601 S HARBOUR ISLAND BLVD STE 213A | TAMPA | FL | 33602 |
| SIDDHARTHA PAGIDIPATI | |||
| 601 S HARBOR ISLAND BLVD STE 213A | TAMPA | FL | 33602 |
| SRUJANI PAGIDIPATI | |||
| 601 S HARBOR ISLAND BLVD STE 213A | TAMPA | FL | 33602 |
| RAHULDEV PAGIDIPATI | |||
| 601 S HARBOUR ISLAND BLVD STE 213A | TAMPA | FL | 33602 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAXES | CategoryTxt |
| Amt | $20,930 | Amt |
| Net Investment Income | $20,930 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $20,930 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |