Nonprofit · EIN 27-4124184
MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION
Tax-exempt (reinstated) · FLORHAM PARK, NJ 07932
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $10,559 | $31,000 | -$20,441 | $711,236 | $0 | $711,236 |
| June 30, 2024 | 990-PF | $13,293 | $55,232 | -$41,939 | $742,069 | $0 | $742,069 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,000
- Dividends
- $2,188
- Net gain from sales of assets
- -$1,629
Expenses
- Grants and similar amounts paid
- $21,300
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $21,300
- Excise tax on investment income
- $30
Balance sheet and other
- Total assets, start of year
- $742,069
- Total assets, end of year
- $711,236
- Total liabilities, end of year
- $0
- Net assets, end of year
- $711,236
- Fair market value of assets
- $1,350,389
- Qualifying distributions
- $21,300
- Net investment income
- $2,188
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAHESH DESAI 77 DOYLE DRIVE, FLORHAM PARK, NJ 07932 | PRESIDENT | 3 | $0 |
| MAHESHWARI DESAI 77 DOYLE DRIVE, FLORHAM PARK, NJ 07932 | VICE-PRESIDENT | 2 | $0 |
| SHAMA DESAI AHUJA 200 EAST 84TH ST, NEW YORK, NY 10028 | TREASURER | 2 | $0 |
| GATI DESAI 201 WEST 21ST ST, NEW YORK, NY 10011 | TRUSTEE | 2 | $0 |
990-PF for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAHESH DESAI 61 SPENSER DRIVE, SHORT HILLS, NJ 07078 | PRESIDENT/TRUSTEE | 0.25 | $0 |
| MAHESWARI DESAI 61 SPENSER DRIVE, SHORT HILLS, NJ 07078 | VICE PRESIDENT/TRUSTEE | 0 | $0 |
| SHAMA DESAI AHUJA 200 EAST 84TH ST, NEW YORK, NY 10028 | TREASURER/TRUSTEE | 0 | $0 |
| GATI DESAI 201 WEST 21ST ST, NEW YORK, NY 10011 | TRUSTEE | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 77 DOYLE DR, FLORHAM PARK, NJ 07932-1076
- Signed the 990-PF
- MAHESH DESAI, PRESIDENT
- Phone
- (973) 379-2782
- Return prepared by
- DILIP PATEL & COMPANY LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 27-4124184
- 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
- 2022
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $711,236
- Income (IRS master file)
- $12,188
Revocation and reinstatement
- Exemption revoked
- November 15, 2020
- Posted by the IRS
- July 12, 2021
- Reinstated
- Effective November 15, 2020
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 | June 2025 | $10,559 | $31,000 | $711,236 | XML |
| 990-PF | June 2024 | $13,293 | $55,232 | $742,069 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | 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 27-4124184).
Questions about MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION
- What is the EIN of MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION?
- The employer identification number (EIN) of MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION is 27-4124184.
- Is MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2020 and reinstated it effective November 15, 2020.
- Are donations to MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does MAHESH AND MAHESHWARI DESAI FAMILY FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $10,559, expenses of $31,000 and total assets of $711,236 at year end.
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