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KHUSHALANI FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
KHUSHALANI FOUNDATION (EIN 76-0345480)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-06-29
IRS object ID
201711809349100311
Schema version
2016v3.0
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

FieldValueIRS element (for citing)
Return2017-06-29T09:50:37-07:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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
Signature2017-06-29SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAJU SAMUEL CPAPreparerPersonNm
Phone2815649500PhoneNum
Preparation2017-06-29PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address73.206.26.134IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-06-29IPDt
IP Tm09:50:21IPTm
IP TimezonePDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id129FDB2D832FF3346294EF77BABD5A9BDB5F5454AtSubmissionCreationDeviceId
At Submission Filing Device Id129FDB2D832FF3346294EF77BABD5A9BDB5F5454AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$102,325FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$13,088ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$11InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$11InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$11InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$13,099TotalRevAndExpnssAmt
Total Net Invst Incm$11TotalNetInvstIncmAmt
Total Adj Net Incm$11TotalAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$2,847TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$75OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,922TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$9,647ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$9,647ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$12,569TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$9,647TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$530ExcessRevenueOverExpensesAmt
Net Investment Income$11NetInvestmentIncomeAmt
Adjusted Net Income$11AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$101,795CashBOYAmt
Cash EOY$102,325CashEOYAmt
Cash EOYFMV$102,325CashEOYFMVAmt
Total Assets BOY$101,795TotalAssetsBOYAmt
Total Assets EOY$102,325TotalAssetsEOYAmt
Total Assets EOYFMV$102,325TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$101,795RetainedEarningBOYAmt
Retained Earning EOY$102,325RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$101,795TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$102,325TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$101,795TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$102,325TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$101,795TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$530ExcessRevenueOverExpensesAmt
Subtotal$102,325SubtotalAmt
Tot Net Ast Or Fund Balances EOY$102,325TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$6,500AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$91,394NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.071121DistributionYr1Rt
Adjusted Qlfy Distri Yr2$26,529AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$92,071NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.288136DistributionYr2Rt
Adjusted Qlfy Distri Yr3$8,691AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$98,246NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.088462DistributionYr3Rt
Adjusted Qlfy Distri Yr4$6,258AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$92,773NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.067455DistributionYr4Rt
Adjusted Qlfy Distri Yr5$16,700AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$64,759NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.257879DistributionYr5Rt
Total Distribution0.773053TotalDistributionRt
Average Distribution0.154611AverageDistributionRt
Net Vl Noncharitable Assets$86,946NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$13,443AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$13,443AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$9,647QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
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 PY42015UndistributedIncomePY4Yr
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 (4 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
NARAIN BHATIA
8126 REBAWOOD DRHUMBLETX77346DIR0$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$88,270AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$88,270TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$88,270AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,324CashDeemedCharitableAmt
Net Vl Noncharitable Assets$86,946NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,347MinimumInvestmentReturnAmt

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$9,647ExpensesAndContributionsAmt
Qualifying Distributions$9,647QualifyingDistributionsAmt
Adjusted Qualifying Distri$9,647AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Undistributed Income PY$4,570UndistributedIncomePYAmt
Excess Distribution Cyov Yr5$10,486ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,619ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$4,912ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$17,013ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$6,500ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$40,530TotalExcessDistributionCyovAmt
Qualifying Distributions$9,647QualifyingDistributionsAmt
Remaining Distri From Corpus$9,647RemainingDistriFromCorpusAmt
Total Corpus$50,177TotalCorpusAmt
Taxable2$4,570Taxable2Amt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$10,486ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$39,691ExcessDistriCyovToNextYrAmt
Excess From Year4$1,619ExcessFromYear4Amt
Excess From Year3$4,912ExcessFromYear3Amt
Excess From Year2$17,013ExcessFromYear2Amt
Excess From Year1$6,500ExcessFromYear1Amt
Excess From Current Year$9,647ExcessFromCurrentYearAmt

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$11CurrentYearAmt
Year1$10Year1Amt
Year2$38Year2Amt
Year3$11Year3Amt
Total$70TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Current Year$9CurrentYearAmt
Year1$9Year1Amt
Year2$32Year2Amt
Year3$9Year3Amt
Total$59TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$9,647CurrentYearAmt
Year1$6,500Year1Amt
Year2$26,529Year2Amt
Year3$8,691Year3Amt
Total$51,367TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$9,647CurrentYearAmt
Year1$6,500Year1Amt
Year2$26,529Year2Amt
Year3$8,691Year3Amt
Total$51,367TotalAmt

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)
Year1$4,570Year1Amt
Year2$3,069Year2Amt
Year3$3,275Year3Amt
Total$10,914TotalAmt

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 (13 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Pulmonary Fibrosis Association of Texas Inc
14340 Torrey ChaseHoustonTX77014so1Helping Patients$1,500
Rotary Club
5430 Westheimer RdHoustonTX77056so1taking action on our worlds most persistent issues$3,027
American Cancer Society
BREAKING GROUND 2017HoustonTX77001so1Helping Cancer Patients$100
Best Friends Animal Society
5001 Angel Canyon RoadKanabUT84741so1o bring about a time when there are No More Homeless Pets$100
Consumer Reports Foundation
101 Truman AveYonkersNY10703so1For a fair, just, and safe marketplace$100
international Society of Arboriculture
PO Box 3129ChampaignIL61826so1Saving of Tree$100
Houston Public Media Foundation
4343 ElginHoustonTX77204SO1Non profit Public Media$120
University of the Cumberlands
6178 College StWilliamsburgKY40769so1University education$500
Texas Medical Association
401 West 15th StreetAustinTX78701so1Dealing wit concerns of Physicians$1,500
Friends of Maiti Nepal
63-6 Commercial WharfBostonMA02110so1Preventing Human Rights Violation$1,000
OPEN DOOR MISSION
5803 HarrisburgHoustonTX77011solHelping Home less people$1,000
Guiding Eyes for the Blind
611 Granite Springs RdYorktown HeightsNY10598solprovides guide dogs to people with vision loss$500
Society for Prevention of cruelty to animals
424 E 92nd StNew YorkNY10128solprevention of cruelty to animals$100
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$9,647TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$11UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$11UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$11TotalIncomeProducingActyAmt

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 KUSHALANIContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line18126 REBAWOOD DRAddressLine1Txt
CityHumbleCityNm
State AbbreviationTXStateAbbreviationCd
ZIP77346ZIPCd
FieldValueIRS element (for citing)
Total Contributions$13,088TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOffice ExpensesDesc
Revenue And Expenses Per Books$75RevenueAndExpensesPerBooksAmt