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KHUSHALANI FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
KHUSHALANI FOUNDATION (EIN 76-0345480)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-08-08
IRS object ID
201842209349100504
Schema version
2017v2.2
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)
Return2018-08-08T08:41:19-07:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MATHEWSSAMUEL & ASSOCIATES PC CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line111104 W AIRPORT BLVD STE 114AddressLine1Txt
CitySTAFFORDCityNm
State AbbreviationTXStateAbbreviationCd
ZIP774773035ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN760345480EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KHUSHALANI FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKHUSBusinessNameControlTxt
Phone2818521833PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18126 REBAWOOD DRIVEAddressLine1Txt
CityHUMBLECityNm
State AbbreviationTXStateAbbreviationCd
ZIP77346ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHOK KHUSHALANIPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2818521833PhoneNum
Signature2018-08-08SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAJU SAMUEL CPAPreparerPersonNm
PTINP01588223PTIN
Phone2815649500PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$143,748FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$61,677ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$13InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$13InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$13InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$61,690TotalRevAndExpnssAmt
Total Net Invst Incm$13TotalNetInvstIncmAmt
Total Adj Net Incm$13TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$378OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,878TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,389ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,389ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,267TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$18,389TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$41,423ExcessRevenueOverExpensesAmt
Net Investment Income$13NetInvestmentIncomeAmt
Adjusted Net Income$13AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$102,325CashBOYAmt
Cash EOY$143,748CashEOYAmt
Cash EOYFMV$143,748CashEOYFMVAmt
Total Assets BOY$102,325TotalAssetsBOYAmt
Total Assets EOY$143,748TotalAssetsEOYAmt
Total Assets EOYFMV$143,748TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$102,325RetainedEarningBOYAmt
Retained Earning EOY$143,748RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$102,325TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$143,748TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$102,325TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$143,748TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$102,325TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$41,423ExcessRevenueOverExpensesAmt
Subtotal$143,748SubtotalAmt
Tot Net Ast Or Fund Balances EOY$143,748TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$9,647AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$86,946NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.110954DistributionYr1Rt
Adjusted Qlfy Distri Yr2$6,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$91,394NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.071121DistributionYr2Rt
Adjusted Qlfy Distri Yr3$26,529AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$92,071NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.288136DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,691AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$98,246NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.088462DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,258AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$92,773NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.067455DistributionYr5Rt
Total Distribution0.626128TotalDistributionRt
Average Distribution0.125226AverageDistributionRt
Net Vl Noncharitable Assets$41,246NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$5,165AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$5,165AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$18,389QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Tax Based On Investment Income$0TaxBasedOnInvestmentIncomeAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksASHOK I KHUSHALANIIndividualWithBooksNm
Phone2818521833PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18126 REBAWOOD DRAddressLine1Txt
CityHUMBLECityNm
State AbbreviationTXStateAbbreviationCd
ZIP773461751ZIPCd
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 PYYes (true)UndistributedIncomePYInd
Undistributed Income PY12016UndistributedIncomePY1Yr
Undistr Incm Sect4942a2 Not AppYes (true)UndistrIncmSect4942a2NotAppInd
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

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
ASHOK I KHUSHALANI
8126 REBAWOOD DRHUMBLETX77346P/T/D2.00$0$0$0
SUSAN J KHUSHALANI
8126 REBAWOOD DRHUMBLETX77346S/D1.00$0$0$0
MOHAN I KHUSHALANI
83 MAIN STREETTERRYTOWNNY10571DIR0$0$0$0
SARLA MKHUSHALANI
83 MAIN STREETTERRYTOWNNY10571DIR0$0$0$0
MEENAKSH AKHUSHALNI
83 MAIN STREETTERRYTOWNNY10571DIR0$0$0$0
SUNILD KHUSHALANI
83 MAIN STREETTERRYTOWNNY10571DIR0$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt
Contractor Paid Over50k0ContractorPaidOver50kCnt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NoneDescription1Txt
Expenses1$0Expenses1Amt
Expenses2$0Expenses2Amt
Expenses3$0Expenses3Amt
Expenses4$0Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$41,874AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$41,874TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$41,874AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$628CashDeemedCharitableAmt
Net Vl Noncharitable Assets$41,246NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,062MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Sect4942j3j5 Fndtn And Frgn OrgYes (X)Sect4942j3j5FndtnAndFrgnOrgInd

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,389ExpensesAndContributionsAmt
Qualifying Distributions$18,389QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,389AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,619ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$4,912ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$17,013ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$6,500ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$9,647ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$39,691TotalExcessDistributionCyovAmt
Qualifying Distributions$18,389QualifyingDistributionsAmt
Remaining Distri From Corpus$18,389RemainingDistriFromCorpusAmt
Total Corpus$58,080TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,619ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$56,461ExcessDistriCyovToNextYrAmt
Excess From Year4$4,912ExcessFromYear4Amt
Excess From Year3$17,013ExcessFromYear3Amt
Excess From Year2$6,500ExcessFromYear2Amt
Excess From Year1$9,647ExcessFromYear1Amt
Excess From Current Year$18,389ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$13CurrentYearAmt
Year1$11Year1Amt
Year2$10Year2Amt
Year3$38Year3Amt
Total$72TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$11CurrentYearAmt
Year1$9Year1Amt
Year2$9Year2Amt
Year3$32Year3Amt
Total$61TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$18,389CurrentYearAmt
Year1$9,647Year1Amt
Year2$6,500Year2Amt
Year3$26,529Year3Amt
Total$61,065TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$18,389CurrentYearAmt
Year1$9,647Year1Amt
Year2$6,500Year2Amt
Year3$26,529Year3Amt
Total$61,065TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year2$4,570Year2Amt
Year3$3,069Year3Amt
Total$7,639TotalAmt

Total Support TotalSupportGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Total$0TotalAmt

Largest Support From EO LargestSupportFromEOGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Star of Hope Mission
4848 Loop Central DrHoustonTX77081so1supporting Houstons homeless men, women and children$3,747
MANISH KHUSHALANI
83 Main StTarrytownNY10751so1Supporting Mentally illness people$2,500
Northeast Houston Baptist Church
18000 West Lake Houston PkwyHumbleTX77346so1Hurricane Harvey Relief$1,000
Sindhi Foundation
700 7th Street SW 205WashingtonDC20024so1Helping international communities on pluralism$750
Vivekanada Educational Society
H Block Krishna Apts 1053PoonamalleChennai IndiaIN60084so1Help to mold the ideal habits and attitudes of children$7,092
Texas Medical Association
401 West 15th StreetAustinTX78701S01To improve the health of all Texans$1,000
World Wild Life Fund
1250 24th Street NWWashingtonDC200371193s01conservation of Wild life$50
Houston Zoo
6200 Hermann Park DrHoustonTX77030S01Saving Wildlife$250
The National Center for Homeopathy
1120 Route 73 Suite 200Mount LaurelNJ08054S01promoting health through homeopathy by advancing the use and practice of homeopathy$500
Houston Ballet
601 Preston StHoustonTX77002S01To inspire a lasting love and appreciation for dance through artistic excellence$1,000
Univerisyt of Houston
Down TownHoustonTX77204S01offer nationally competitive and internationally recognized opportunities for learning$500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,389TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$13UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$13UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13TotalIncomeProducingActyAmt

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 (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
ASHOK KUSHALANI
18126 REBAWOOD DRHumbleTX77346$17,170Yes (X)
MOHAN I KHUSHALANI
283 Main StreetTarrytownNY10571$44,507Yes (X)

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryMathews, Samuel & Associates PC CPA serviceCategoryTxt
Amt$1,500Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOffice ExpensesDesc
Revenue And Expenses Per Books$378RevenueAndExpensesPerBooksAmt