KRISHANAMURTHY TANDON FOUNDATION INC: Form 990PF, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- KRISHANAMURTHY TANDON FOUNDATION INC (EIN 04-3744965)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-05-13
- IRS object ID
- 201531339349101843
- Schema version
- 2014v5.0
- 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
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Other Assets Schedule
- Other Expenses Schedule
- Sales Of Inventory List
- Taxes Schedule
- Transfers To Controlled Entities
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-05-13T13:22:33-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 260706457 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAHARESTANI & RITT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MADISON AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043744965 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KRISHNAMURTHY TANDON FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KRIS | BusinessNameControlTxt |
| Phone | 2126861400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O M BAHARESTANI 148 MADISON AVE | AddressLine1Txt |
| Address Line2 | NO 11 FL | AddressLine2Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHANDRIKA TANDON | PersonNm |
| Person Title | CHAIRPERSON | PersonTitleTxt |
| Phone | 2126861400 | PhoneNum |
| Signature | 2015-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARTIN BAHARESTANI | PreparerPersonNm |
| PTIN | P00193884 | PTIN |
| Phone | 2126861400 | PhoneNum |
| Preparation | 2015-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $21,919,283 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $812,396 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $812,157 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $237,985 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $12,049,459 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $237,985 | CapGainNetIncmNetInvstIncmAmt |
| Gross Sales Less Ret And Allwnc | $686 | GrossSalesLessRetAndAllwncAmt |
| Cost Of Goods Sold | $31,261 | CostOfGoodsSoldAmt |
| Gross Profit Rev And Expnss | -$30,575 | GrossProfitRevAndExpnssAmt |
| Total Rev And Expnss | $1,019,806 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $1,050,142 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $25,462 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $21,643 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $38,927 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $9,732 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $29,195 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $5 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $5 | InterestNetInvstIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $102,775 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $4,291 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $54,600 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $10,920 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $43,680 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $36,750 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $18,375 | TravConfMeetingDsbrsChrtblAmt |
| Printing And Pub Rev And Expnss | $28 | PrintingAndPubRevAndExpnssAmt |
| Printing And Pub Net Invst Incm | $0 | PrintingAndPubNetInvstIncmAmt |
| Printing And Pub Dsbrs Chrtbl | $28 | PrintingAndPubDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $75,317 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,559 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $52,816 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $338,155 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $22,216 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $165,737 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $356,600 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $356,600 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $694,755 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $22,216 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $522,337 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $325,051 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,027,926 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $2,909,186 | CashBOYAmt |
| Cash EOY | $9,947,923 | CashEOYAmt |
| Cash EOYFMV | $9,947,923 | CashEOYFMVAmt |
| Inventories BOY | $66,747 | InventoriesBOYAmt |
| Inventories EOY | $66,747 | InventoriesEOYAmt |
| Inventories EOYFMV | $66,747 | InventoriesEOYFMVAmt |
| Corporate Stock BOY | $18,830,737 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,130,520 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,875,783 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $27,820 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,782 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $11,329 | LandBOYAmt |
| Land EOY | $7,038 | LandEOYAmt |
| Land EOYFMV | $7,038 | LandEOYFMVAmt |
| Other Assets BOY | $30,970 | OtherAssetsBOYAmt |
| Other Assets EOY | $21,792 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $21,792 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $21,848,969 | TotalAssetsBOYAmt |
| Total Assets EOY | $22,174,020 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $21,919,283 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $21,848,969 | UnrestrictedBOYAmt |
| Unrestricted EOY | $22,174,020 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $21,848,969 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $22,174,020 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $21,848,969 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $22,174,020 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $21,848,969 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $325,051 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $22,174,020 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $22,174,020 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|---|---|
| JP MORGAN CLEARING CORP(102-45580)DETAIL AVAILABLE | 2014-07-01 | 2014-12-31 | $12,036,411 | $11,811,474 | $224,937 | $224,937 | |
| CAPITAL GAINS DIVIDENDS | $13,048 | $13,048 | $13,048 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $237,985 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $3,899,093 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $19,939,855 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.195543 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $2,412,490 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $17,084,670 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.141208 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $2,452,804 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $18,710,656 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.131091 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $2,147,405 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $12,745,470 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.168484 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $653,266 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $9,109,817 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.071710 | DistributionYr5Rt |
| Total Distribution | 0.708036 | TotalDistributionRt |
| Average Distribution | 0.141607 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $21,837,946 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $3,092,406 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $10,279 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $3,102,685 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $522,337 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $20,559 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $20,559 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $20,559 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $19,125 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $19,125 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $55 | EsPenaltyAmt |
| Tax Due | $1,489 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | Yes (1) | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MARTIN BAHARESTANI CPA | IndividualWithBooksNm |
| Phone | 2126861400 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MADISON AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | Yes (1) | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 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 |
|---|---|---|---|---|---|---|---|---|
| CHANDRIKA TANDON | ||||||||
| C/O M BAHARESTANI 148 MADSN AVE | NEW YORK | NY | 10016 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| RANJAN TANDON | ||||||||
| C/O M BAHARESTANI 148 MADSN AVE | NEW YORK | NY | 10016 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| MARTIN BAHARESTANI | ||||||||
| C/O M BAHARESTANI 148 MADSN AVE | NEW YORK | NY | 10016 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| LITA TANDON | ||||||||
| C/O M BAHARESTANI 148 MADSN AVE | NEW YORK | NY | 10016 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| DEVEN SHARMA | ||||||||
| C/O M BAHARESTANI 148 MADSN AVE | NEW YORK | NY | 10016 | DIRECTOR | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAHARESTANI & RITT LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 148 MADISON AVENUE - 11FL | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | ACCOUNTING | ServiceTypeTxt |
| Compensation | $38,927 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | CHARITABLE COMMUNITY ORGANIZATIONSEE PART XV LINE 3A | Description1Txt |
| Expenses1 | $356,600 | Expenses1Amt |
| Description2 | SOUL CHANTS MUSIC - HAS PARTNERED WITH ORGANIZATIONS IN THE FIELDS OF COMMUNITY BUILDING, ARTS AND SPIRITUALITY - USING THE TRANSFORMATIVE POWER OF MUSIC TO EMPOWER THEMSELVES AND OTHERS AS WELL AS HELP SUSTAIN UNDERPRIVILEDGED MUSICIANS. | Description2Txt |
| Expenses2 | $180,625 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $15,941,388 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $6,229,116 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $22,170,504 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $22,170,504 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $332,558 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $21,837,946 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,091,897 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,091,897 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $20,559 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $20,559 | TotalTaxAmt |
| Distributable Before Adj | $1,071,338 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,071,338 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,071,338 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $522,337 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $522,337 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $522,337 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,071,338 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $197,775 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,524,763 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,519,105 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,563,710 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,992,838 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,798,191 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $522,337 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $522,337 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $549,001 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $549,001 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $7,249,190 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,249,190 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,173,537 | ExcessFromYear4Amt |
| Excess From Year3 | $1,519,105 | ExcessFromYear3Amt |
| Excess From Year2 | $1,563,710 | ExcessFromYear2Amt |
| Excess From Year1 | $2,992,838 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 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 | CountryRecipientForeignAddress/CountryCd | Foreign PostalRecipientForeignAddress/ForeignPostalCd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BERKLEE COLLEGE OF MUSIC | |||||||||||
| 1140 BOYLSTON STREET | BOSTON | MA | 02215 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $15,000 | ||||
| CANCER CARES | |||||||||||
| 275 SEVENTH AVENUE | NEW YORK | NY | 10001 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $100 | ||||
| CARL SCHURZ PARK CONSERVANCY | |||||||||||
| 1562 FIRST AVENUE SUITE 331 | NEW YORK | NY | 10028 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $7,000 | ||||
| GREENWICH HOSPITAL FOUNDATION | |||||||||||
| 35 RIVER ROAD | COS COB | CT | 06807 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| HINDU AMERICAN FOUNDATION | |||||||||||
| 910 SEVENTEENTH STREET | WASHINGTON | DC | 20006 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $10,000 | ||||
| IIMA ALUMNI ASSOCIATION NORTH AMERICA | |||||||||||
| 15925 CARMENITA ROAD | CERRITOS | CA | 90703 | NONE | CHARITABLE ORGANIZAT | UNIVERSITY | $10,000 | ||||
| INDO-AMERICAN ARTS COUNCIL INC | |||||||||||
| 517 EAST 87TH STREET SUITE 1B | NEW YORK | NY | 10128 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $10,000 | ||||
| JIVA PERFORMING ARTS INC | |||||||||||
| 211 EAST 70TH STREET APT 18H | NEW YORK | NY | 10021 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $5,000 | ||||
| MADRAS CHRISTIAN COLLEGE | |||||||||||
| NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $250,000 | TAMBARAM | CHENNAI | IN | 600059 | ||||
| NARAS FOUNDATION | |||||||||||
| 3030 OLYMPIC BLVD | SANTA MONICA | CA | 90404 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| NEW YORK UNIVERSITY | |||||||||||
| 60 WASHINGTON SQUARE SOUTH | NEW YORK | NY | 10012 | NONE | CHARITABLE ORGANIZAT | UNIVERSITY | $16,000 | ||||
| ONE SMALL HOUSE | |||||||||||
| 5001 STONECREST DRIVE | BREWSTER | NY | 10509 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| OXFORD CENTRE FOR HINDU STUDIES | |||||||||||
| NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $10,000 | 13-15 MAGDALEN STREET | OXFORD | UK | |||||
| SAMAA | |||||||||||
| 565 WEST END AVENUE APT 17D | NEW YORK | NY | 10024 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| SAYAGI U BA KHIN MEMORIAL TRUST | |||||||||||
| 4920 ROSE DRIVE | WESTMINSTER | MD | 21158 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| SOUTH ASIAN YOUTH ACTION | |||||||||||
| 54-05 SEABURY STREET | ELMHURST | NY | 11373 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $10,000 | ||||
| THE BREARLEY SCHOOL | |||||||||||
| 610 EAST 83RD STREET | NEW YORK | NY | 10028 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $6,500 | ||||
| THE EPISCOPAL SCHOOL | |||||||||||
| 35 EAST 69TH STREET | NEW YORK | NY | 10021 | NONE | CHARITABLE ORGANIZAT | CHARITABLE ORGANIZATION | $1,000 | ||||
| WORLD MUSIC INSTITUTE | |||||||||||
| 101 LAFAYETTE STREET | NEW YORK | NY | 10013 | NONE | CHARITABLE ORGANIZAT | CHARTIABLE ORGANIZATION | $1,000 | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $356,600 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $812,396 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 01 | ExclusionCd |
| Exclusion | $237,985 | ExclusionAmt |
Gross Profit Loss Sls Of Invntry GrossProfitLossSlsOfInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business | 512000 | BusinessCd |
| Unrelated Business Taxbl Incm | -$30,575 | UnrelatedBusinessTaxblIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | -$30,575 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,050,381 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,019,806 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 1 | LineNumberTxt |
| Relationship Statement | N/A | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $38,927 | Amt |
| Net Investment Income | $9,732 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $29,195 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp (7 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | Cost Or Other BasisCostOrOtherBasisAmt | Prior Year DepreciationPriorYearDepreciationAmt | Computation MethodComputationMethodTxt | LifeLifeRt | Current Year ExpenseCurrentYearExpenseAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|---|---|---|---|
| FURNITURE | 2009-07-01 | $4,651 | $3,613 | 200DB | 7.000000000000 | $415 | $0 |
| COMPUTER EQUIPMENT | 2009-07-01 | $3,626 | $3,417 | 200DB | 5.000000000000 | $209 | $0 |
| COMPUTER EQUIPMENT | 2012-07-01 | $9,138 | $3,838 | 200DB | 5.000000000000 | $1,755 | $0 |
| COMPUTER EQUIPMENT | 2013-11-21 | $434 | $11 | 200DB | 5.000000000000 | $82 | $0 |
| COMPUTER EQUIPMENT | 2013-03-27 | $1,065 | $186 | 200DB | 5.000000000000 | $138 | $0 |
| COMPUTER EQUIPMENT | 2013-10-24 | $7,792 | $195 | 200DB | 5.000000000000 | $1,480 | $0 |
| COMPUTER EQUIPMENT | 2013-12-26 | $1,114 | $28 | 200DB | 5.000000000000 | $212 | $0 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp (2 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | GrantGrantDt | GrantGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Any Diversion By GranteeAnyDiversionByGranteeTxt | Dates Of Reports By GranteeDatesOfReportsByGranteeTxt | Results Of VerificationResultsOfVerificationTxt |
|---|---|---|---|---|---|---|---|---|
| MADRAS CHRISTIAN COLLEGE | ||||||||
| TAMBARAM | CHENNAI | IN | 2014-12-19 | $250,000 | EDUCATION INSTITUTION | NONE | VARIOUS | THE PURPOSE AND RESULT OF DONATION WAS CONFIRMED BY FOUNDATION DIRECTOR |
| OXFORD CENTRE FOR HUNDU STUDIES | ||||||||
| 13-15 MAGDALEN STREET | OXFORD | UK | 2014-08-12 | $10,000 | EDUCATION INSTITUTION | NONE | VARIOUS | THE PURPOSE AND RESULT OF DONATION WAS CONFIRMED BY FOUNDATION DIRECTOR |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $12,130,520 | EOYBookValueAmt |
| EOYFMV | $11,875,783 | EOYFMVAmt |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (7 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Accumulated DepreciationAccumulatedDepreciationAmt | Book ValueBookValueAmt |
|---|---|---|---|
| FURNITURE | $4,651 | $4,028 | $623 |
| COMPUTER EQUIPMENT | $3,626 | $3,626 | $0 |
| COMPUTER EQUIPMENT | $9,138 | $5,593 | $3,545 |
| COMPUTER EQUIPMENT | $434 | $310 | $124 |
| COMPUTER EQUIPMENT | $1,065 | $857 | $208 |
| COMPUTER EQUIPMENT | $7,792 | $5,571 | $2,221 |
| COMPUTER EQUIPMENT | $1,114 | $797 | $317 |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| MUSIC CD COSTS | $171,158 | $192,567 | $192,567 |
| ACCUMULATED AMORTIZATION | -$144,464 | -$175,475 | -$175,475 |
| RENT SECURITY DEPOSIT | $4,200 | $4,700 | $4,700 |
| DUE FROM PAYROLL PROCESSING | $76 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (21 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| AUTO | $229 | $0 | $229 |
| BANK CHARGES | $144 | $144 | $0 |
| CABLE AND INERNET | $1,519 | $0 | $1,519 |
| COMPUTER EXPENSE | $874 | $0 | $0 |
| DUES AND SUBSCRIPTIONS | $644 | $0 | $644 |
| ENTERTAINMENT | $2,830 | $0 | $1,415 |
| FILING FEES | $315 | $0 | $315 |
| INSURANCE | $2,614 | $131 | $2,483 |
| LICENSE FEES AND PERMITS | $903 | $0 | $903 |
| MISCELLANEOUS | $1,378 | $0 | $0 |
| MUSICIANS | $13,775 | $0 | $13,775 |
| OFFICE EXPENSE | $7,856 | $0 | $0 |
| OUTSIDE SERVICES | $9,410 | $0 | $9,410 |
| PAYROLL SERVICES | $673 | $115 | $558 |
| POSTAGE AND DELIVERY | $979 | $0 | $979 |
| PUBLIC RELATIONS AND ADVERTISING | $1,909 | $0 | $1,909 |
| STORAGE | $9,661 | $0 | $9,661 |
| TELEPHONE | $2,338 | $1,169 | $818 |
| UTILITIES | $922 | $0 | $0 |
| REPAIRS | $51 | $0 | $51 |
| HOTEL/LODGING | $16,293 | $0 | $8,147 |
Sales Of Inventory List SalesOfInventoryList
Inventory Sale InventorySaleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AMORTIZATION OF CD PRODUCTION COSTS | CategoryTxt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FEDERAL | $102,000 | $0 | $0 |
| NEW YORK STATE | $775 | $0 | $0 |
Transfers To Controlled Entities TransfersToControlledEntities
Transfers To Controlled Ent TransfersToControlledEntGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUL CHANTS MUSIC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O BZR 148 MADISON AVE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10016 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273645175 | EIN |
| Desc | NO TRANSFERS | Desc |
| Amt | $0 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |