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Nonprofit · EIN 38-3429963

LACHIMI FOUNDATION

Tax-exempt · TROY, MI 48084

Financials

$10.5M$10.1M2023$19.1M$15.1M2024
Revenue Expenses · by fiscal year end
Financials of LACHIMI FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$19,089,705$15,076,656$4,013,049$19,968,005$0$19,968,005
December 31, 2023990-PF$10,497,163$10,133,993$363,170$16,113,769$0$16,113,769
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$15,000,000
Dividends
$327,479
Interest
$126,286
Net gain from sales of assets
$3,635,940

Expenses

Grants and similar amounts paid
$15,000,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$15,000,000
Excise tax on investment income
$55,856

Balance sheet and other

Total assets, start of year
$16,113,769
Total assets, end of year
$19,968,005
Total liabilities, end of year
$0
Net assets, end of year
$19,968,005
Fair market value of assets
$19,955,008
Qualifying distributions
$15,000,000
Net investment income
$4,089,705

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
MADHAVA G REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
PRESIDENT8$0
SOBHA REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR8$0
TEJA REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0
KESHAV REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0
ADARSH REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
MADHAVA G REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
PRESIDENT12$0
SOBHA REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR4$0
TEJA REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0
KESHAV REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0
ADARSH REDDY
4240 GALT OCEAN DRIVE 1403, FORT LAUDERDALE, FL 33308
DIRECTOR2$0

Address and contacts

Address (IRS master file)
3270 W BIG BEAVER ROAD, TROY, MI 48084-2901
In care of
% MADHAVA REDDY
Signed the 990-PF
MADHAVA REDDY, DIRECTOR
Phone
(248) 786-2500
Return prepared by
NPD GROUP CERTIFIED PUBLIC ACCOUNTANT PC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-3429963
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
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$19,968,005
Income (IRS master file)
$35,540,196

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$19,089,705$15,076,656$19,968,005IRS
990-PFDecember 2023$10,497,163$10,133,993$16,113,769XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS
990-PFDecember 2017–––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 38-3429963).

Questions about LACHIMI FOUNDATION

What is the EIN of LACHIMI FOUNDATION?
The employer identification number (EIN) of LACHIMI FOUNDATION is 38-3429963.
Is LACHIMI FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to LACHIMI FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LACHIMI FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of LACHIMI FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LACHIMI FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of LACHIMI FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does LACHIMI FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $19,089,705, expenses of $15,076,656 and total assets of $19,968,005 at year end.

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