STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

KHUSHALANI FOUNDATION: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
KHUSHALANI FOUNDATION (EIN 76-0345480)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-06-13
IRS object ID
201621659349100807
Schema version
2015v2.1
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)
Return2016-06-13T16:38:12-07:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

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 Begin2015-01-01TaxPeriodBeginDt

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
Signature2016-05-31SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRAJU SAMUEL CPAPreparerPersonNm
Phone2815649500PhoneNum
Preparation2016-06-13PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$101,795FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$15,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10InterestOnSavingsAdjNetIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$15,010TotalRevAndExpnssAmt
Total Net Invst Incm$10TotalNetInvstIncmAmt
Total Adj Net Incm$10TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,500AccountingFeesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$1,700TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$83OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,283TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$7,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$6,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$10,783TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$6,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,227ExcessRevenueOverExpensesAmt
Net Investment Income$10NetInvestmentIncomeAmt
Adjusted Net Income$10AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$97,568CashBOYAmt
Cash EOY$101,795CashEOYAmt
Cash EOYFMV$101,795CashEOYFMVAmt
Total Assets BOY$97,568TotalAssetsBOYAmt
Total Assets EOY$101,795TotalAssetsEOYAmt
Total Assets EOYFMV$101,795TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$97,568RetainedEarningBOYAmt
Retained Earning EOY$101,795RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$97,568TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$101,795TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$97,568TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$101,795TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$97,568TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,227ExcessRevenueOverExpensesAmt
Subtotal$101,795SubtotalAmt
Tot Net Ast Or Fund Balances EOY$101,795TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Adjusted Qlfy Distri Yr1$26,529AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$92,071NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.288136DistributionYr1Rt
Adjusted Qlfy Distri Yr2$8,691AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$98,246NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.088462DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,258AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$92,773NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.067455DistributionYr3Rt
Adjusted Qlfy Distri Yr4$16,700AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$64,759NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.257879DistributionYr4Rt
Adjusted Qlfy Distri Yr5$6,526AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$59,828NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.109079DistributionYr5Rt
Total Distribution0.811011TotalDistributionRt
Average Distribution0.162202AverageDistributionRt
Net Vl Noncharitable Assets$91,394NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$14,824AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$14,824AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$6,500QualifyingDistributionsAmt

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 PY12006UndistributedIncomePY1Yr
Undistributed Income PY22007UndistributedIncomePY2Yr
Undistributed Income PY32008UndistributedIncomePY3Yr
Undistributed Income PY42009UndistributedIncomePY4Yr
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)
Description1South Asian Mental Initiative NetworkIMPROVING MENTAL HEALTH FOR INSANE PERSONDescription1Txt
Expenses1$1,000Expenses1Amt
Description2Guru Ravidas TempleDescription2Txt
Expenses2$1,500Expenses2Amt
Description3Texas Medical AssociationDescription3Txt
Expenses3$1,000Expenses3Amt
Description4Sankara Eye FoundationDescription4Txt
Expenses4$1,000Expenses4Amt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$92,786AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$92,786TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$92,786AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,392CashDeemedCharitableAmt
Net Vl Noncharitable Assets$91,394NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,570MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,570MinimumInvestmentReturnAmt
Distributable Before Adj$4,570DistributableBeforeAdjAmt
Distributable Before Ded$4,570DistributableBeforeDedAmt
Distributable As Adjusted$4,570DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$6,500ExpensesAndContributionsAmt
Qualifying Distributions$6,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$6,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,570DistributableAsAdjustedAmt
Prior Year12012PriorYear1Yr
Prior Year22013PriorYear2Yr
Prior Year32014PriorYear3Yr
Total For Prior Years$6,531TotalForPriorYearsAmt
Excess Distribution Cyov Yr5$1,359ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$10,486ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$1,619ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,912ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$17,013ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$35,389TotalExcessDistributionCyovAmt
Qualifying Distributions$6,500QualifyingDistributionsAmt
Remaining Distri From Corpus$6,500RemainingDistriFromCorpusAmt
Total Corpus$41,889TotalCorpusAmt
Prior Year Undistributed Incm$6,531PriorYearUndistributedIncmAmt
Taxable1$6,531Taxable1Amt
Undistributed Income CY$4,570UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,359ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$40,530ExcessDistriCyovToNextYrAmt
Excess From Year4$10,486ExcessFromYear4Amt
Excess From Year3$1,619ExcessFromYear3Amt
Excess From Year2$4,912ExcessFromYear2Amt
Excess From Year1$17,013ExcessFromYear1Amt
Excess From Current Year$6,500ExcessFromCurrentYearAmt

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

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

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

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$6,500CurrentYearAmt
Year1$26,529Year1Amt
Year2$8,691Year2Amt
Year3$6,258Year3Amt
Total$47,978TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$6,500CurrentYearAmt
Year1$26,529Year1Amt
Year2$8,691Year2Amt
Year3$6,258Year3Amt
Total$47,978TotalAmt

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)
Current Year$4,570CurrentYearAmt
Year1$3,069Year1Amt
Year2$3,275Year2Amt
Year3$3,093Year3Amt
Total$14,007TotalAmt

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 (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
Guru Ravidas Temple
7902 Boone RdHOUSTONTX77072so1Improving Hindu Philosphy$1,500
South Asian Mental Initiative Network
812 Northwood Ave 102LindenNJ07036so1Improving Mental Health of Insane people$1,000
Texas Medical Association
401 W 15th StAustinTX78701so1Helping Medical Education$1,000
Sankara Eye Foundation
1900 Mccarthy Blvd 302MilpitasCA95035so1For prevention of blindness$1,000
Consumer Reports Foundation
101 Truman AveYonkersNY10703so1For a fair, just, and safe marketplace$75
The USO
14657 Schneider St 109HoustonTX77034so1For helping US soldiers and their families$500
St Mary MDGALANE Catholic Community
527 S HOUSTON AVEHUMBLETX77338SO1DONATION OF FOOD$175
The Carter Centre
453 Freedom Pkwy NEAtlantaGA30307so1Improving human rights and alleviate human suffering.$750
The Salvation Army
1500 Austin StreetHoustonTX77002so1Helping to feed, to clothe, to comfort, to care$500
Network for Good
1140 Connecticut Ave NW 700WashingtonDC20036so1Donation for Charity$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$7,500TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Business900001BusinessCd
Unrelated Business Taxbl Incm$10UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$10UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$10TotalIncomeProducingActyAmt

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$15,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOffice ExpensesDesc
Revenue And Expenses Per Books$83RevenueAndExpensesPerBooksAmt