Drs Kiran & Pallavi Patel Familyfoundation Inc
- Assets
- $0.0
- Revenue
- $2.8m
- Investments
- $12.7m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 11/2006
- Data as of
- 06/2021
- EIN
- 20-3916634
Organization Overview
Drs Kiran & Pallavi Patel Familyfoundation Inc is located in Tampa, FL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drs Kiran & Pallavi Patel Familyfoundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Drs Kiran & Pallavi Patel Familyfoundation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $656.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Drs Kiran & Pallavi Patel Familyfoundation Inc has awarded 144 individual grants totaling $22,645,710. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUMAN SERVICE TRUST ZAMBIA SEE WEBSITE FOR PROGRAM DETAILS
CHINMAYA EDUCATION FOUNDATION INC SEE WEBSITE FOR PROGRAM DETAILS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pallavi C Patel MD President | 0 | $0 | |
Shilen Patel V President | 0 | $0 | |
Sonali Judd Trustee | 0 | $0 | |
Sheetal Patel Trustee | 0 | $0 | |
Kiran C Patel MD Sec/treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,566,032 |
| Interest on Savings | $613,454 |
| Dividends & Interest | $13,981 |
| Profit on Inventory Sales | $0 |
| Other Income | $549,652 |
| Total Revenue | $2,760,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $440,496 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $348 |
| Total operating and administrative expenses | $653,770 |
| Contributions, gifts, grants paid | $2,900 |
| Total expenses and disbursements | $656,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,276 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,677,375 |
| Other assets | $19,406,523 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $17,687,997 |
Grants Awarded
Over the last fiscal year, Drs Kiran & Pallavi Patel Familyfoundation Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HUMAN SERVICE TRUST ZAMBIA PURPOSE: PROGRAMS | $20,000 |
Flint, MI PURPOSE: PROGRAMS | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Drs Kiran & Pallavi Patel Familyfoundation Inc has recieved totaling $57,500.
| Awarding Organization | Amount |
|---|---|
Copperhead Charities Inc Palm Harbor, FL PURPOSE: GENERAL SUPPORT | $57,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |