Nonprofit · EIN 20-8554851
DESAI FAMILY FOUNDATION INC
Tax-exempt (reinstated) · LEXINGTON, KY 40502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $283 | $1,712 | -$1,429 | $18,177 | $0 | $18,177 |
| December 31, 2024 | 990-PF | $102 | $575 | -$473 | $19,606 | $0 | $19,606 |
| December 31, 2023 | 990-PF | $85 | $993 | -$908 | $20,079 | $0 | $20,079 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $250
- Interest
- $33
Expenses
- Grants and similar amounts paid
- $375
- Disbursements for charitable purposes
- $375
Balance sheet and other
- Total assets, start of year
- $19,606
- Total assets, end of year
- $18,177
- Total liabilities, end of year
- $0
- Net assets, end of year
- $18,177
- Qualifying distributions
- $375
- Net investment income
- $33
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUVAS DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | PRESIDENT-TR | 0 | $0 |
| NIRMALA DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | SECRETARY | 0 | $0 |
| AKSHAY DESAI 485 HARRISON AVE 403, BOSTON, MA 02118 | DIRECTOR | 0 | $0 |
| ARATI DESAI 3411 CHESTNUT ST 243, PHILADELPHIA, PA 19104 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUVAS DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | PRESIDENT-TR | 0 | $0 |
| NIRMALA DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | SECRETARY | 0 | $0 |
| AKSHAY DESAI 485 HARRISON AVE 403, BOSTON, MA 02118 | DIRECTOR | 0 | $0 |
| ARATI DESAI 3411 CHESTNUT ST 243, PHILADELPHIA, PA 19104 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUVAS DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | PRESIDENT-TR | 0 | $0 |
| NIRMALA DESAI 2040 MANOR DRIVE, LEXINGTON, KY 40502 | SECRETARY | 0 | $0 |
| AKSHAY DESAI 485 HARRISON AVE 403, BOSTON, MA 02118 | DIRECTOR | 0 | $0 |
| ARATI DESAI 3411 CHESTNUT ST 243, PHILADELPHIA, PA 19104 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2040 MANOR DR, LEXINGTON, KY 40502-2655
- Signed the 990-PF
- SUVAS DESAI, PRESIDENT-TREASURER
- Phone
- (859) 421-8003
- Return prepared by
- SCROGGINSGREAR INC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-8554851
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $18,177
- Income (IRS master file)
- $283
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective March 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $283 | $1,712 | $18,177 | XML |
| 990-PF | December 2024 | $102 | $575 | $19,606 | XML |
| 990-PF | December 2023 | $85 | $993 | $20,079 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8554851).
Questions about DESAI FAMILY FOUNDATION INC
- What is the EIN of DESAI FAMILY FOUNDATION INC?
- The employer identification number (EIN) of DESAI FAMILY FOUNDATION INC is 20-8554851.
- Is DESAI FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective March 15, 2012.
- Are donations to DESAI FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DESAI FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DESAI FAMILY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DESAI FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of DESAI FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does DESAI FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $283, expenses of $1,712 and total assets of $18,177 at year end.
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All nonprofits in LEXINGTON · Kentucky · Philanthropy, voluntarism and grantmaking foundations