2024-11-12T12:25:35-08:00 2023-12-31 521740178 Chawla & Chawla PC 438 N Frederick Ave Ste 400 Gaithersburg MD 20877 990PF 2023-01-01 273455354 IMPACTEOUS FOUNDATIONINC FKA THE SANJAY GOVIL FOUNDATION INC IMPA 3013557760 2600 TOWER OAKS BLVD 700 ROCKVILLE MD 20852 LAKSHMI N BABU Secretary 2024-11-12 true true Arun Chawla P00223681 3019772481 2023 2024-10-15 13:58:12Z X X 4045577 X 230000 7199 7199 7199 95 95 95 56439 293733 7294 7294 8026 8026 1454 1454 9480 9480 0 150000 150000 159480 9480 150000 134253 0 7294 31598 31592 31592 3179117 2994371 4013985 3210715 3025963 4045577 80000 80000 0 X 3130715 3025963 3130715 3025963 3210715 3025963 3130715 134253 3264968 239005 3025963 0 751 751 751 751 false false false false false false false true true MD true false false false false true N/A LAKSHMI BABU 3013557760 2600 TOWER OAKS BLVD STE 700 ROCKVILLE MD 20852 false false false false false false false false false false false false false false false false false false false false false false SANJAY GOVIL 2600 TOWER OAKS BLVD STE 700 ROCKVILLE MD 20852 President 0.00 0 LAKSHMI N BABU 2600 TOWER OAKS BLVD STE 700 ROCKVILLE MD 20852 Secretary 0.00 0 VIDYA GOVIL 2600 TOWER OAKS BLVD STE 700 ROCKVILLE MD 20852 Vice President 0.00 0 NONE NONE 5624 31597 4008352 4045573 400835 4045573 60684 3984889 199244 199244 199244 199244 199244 150000 150000 199244 139965 150000 139965 0 10035 189209 SANJAY GOVIL X SANJAY GOVIL 2600 TOWER OAKS BLVD STE 700 ROCKVILLE MD 20852 3013557760 WRITTEN REQUEST,ALONG WITH A COPY OF THE IRS 501 (C)(3) APPROVAL BEFORE THE END OF THE YEAR NONE TIGERS UNLIMITED FOUNDATION 392 South Donahue Drive Auburn AL 36849 NONE PC THE TIGERS UNLIMITED FOUNDATION PROVIDES SUPPORT FOR AUBURN UNIVERSITY INTERCOLLEGIATE ATHLETICS. THE FOUNDATION SUPPORTS EXTRACURRICULAR SPORTS PROGRAMS AND ACTIVITIES INCLUDING ATHLETIC SCHOLARSHIPS, ATHLETIC PROGRAM ENHANCEMENTS, ATHLETIC-RELATED EQUIPMENT PURCHASES, AND CONSTRUCTION OF ATHLETIC FACILITIES. 150000 150000 541900 14 7199 541900 14 95 18 2227 541900 GLOBAL INTANGIBLE LOW TAX 541900 14 58666 63733 63733 false false false false false false false false false false X X 1 INSTOS INC 2600 TOWER OAKS BLVD ST 700 ROCKVILLE MD 20852 230000 X GLOBAL INTANGIBLE LOW TAXED INCOME NOT ACCOUNTED IN BOOKS 239005 BANK CHARGES 82 82 PROFESSIONAL CHARGES K-1 1372 1372 GLOBAL INTANGIBLE LOW TAX 58666 Other Investment Income -2227 Description: INVESTMENT IN IT THINKERS LLC Percentage: 40.0 Asset FMV: 4008352 Discount: 400835 Explanation: DURING THE CALENDAR YEAR 2023, THE FOUNDATION OWNED 40% OF THE COMMON STOCK OF IT THINKERS LLC (THE "COMPANY") WHICH PRIMARILY OWNS 5% OF COMMON STOCK OF A CLOSELY HELD INDIAN COMPANY RESULTING IN EFFECTIVE INDIRECT HOLDING OF 2% OF COOMON STOCKS OF CLOSELY HELD INDIAN COMPANY WITH A VALUE OF $4,008,352 BEFORE BLOCKAGE DISCOUNT. THE CLAIMED MAXIMUM DISCOUNT, AS SPECIFIED IN SECTION 4942(E)(2)(B) OF THE INTERNAL REVENUE CODE, IS APPROPRIATE IN VALUING THE SHARES IN THE COMPANY BECAUSE THE SHARES DO NOT REPRESENT VOTING CONTROL OF THE COMPANY AND THE FOUNDATION CANNOT, BY ITSELF, APPROVE A MERGER OF THE COMPANY INTO ANOTHER COMPANY NOR ELECT A MAJORITY OF THE BOARD OF DIRECTORS. THE INDIRECT OWNERSHIP IN INDIAN COMPANY THRU MINORITY INTEREST IN THE COMPANY FURTHER REDUCE THE INFLUENCE OF A 2% BLOCK OF SHARES. DUE TO THE SIZE OF THE BLOCK OF SHARES, THE MAXIMUM PROCEEDS FOR THIS SI