Nonprofit · EIN 41-2115627
DS FOUNDATION
Also known as DESAI SETHI FAMILY FOUNDATION
Tax-exempt · MIAMI, FL 33231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $12,706,267 | $8,975,161 | $3,731,106 | $210,882,381 | $0 | $210,882,381 |
| December 31, 2023 | 990-PF | $11,847,310 | $8,236,365 | $3,610,945 | $191,034,501 | $0 | $191,034,501 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $11,473,827
- Interest
- $1,232,440
Expenses
- Grants and similar amounts paid
- $8,693,412
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $8,825,657
- Excise tax on investment income
- $175,582
Balance sheet and other
- Total assets, start of year
- $191,034,501
- Total assets, end of year
- $210,882,381
- Total liabilities, end of year
- $0
- Net assets, end of year
- $210,882,381
- Fair market value of assets
- $210,882,381
- Qualifying distributions
- $8,825,657
- Net investment income
- $12,706,267
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BHARAT DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE, PRESIDENT | 2 | $0 |
| NEERJA SETHI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE, VP, SECRETARY, TREASURER | 3 | $0 |
| SAAHILL DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE | 0.5 | $0 |
| PIA DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE | 5 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BHARAT DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE, PRESIDENT | 2 | $0 |
| NEERJA SETHI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE, VP, SECRETARY, TREASURER | 3 | $0 |
| SAAHILL DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE | 0.5 | $0 |
| PIA DESAI PO BOX 310850, MIAMI, FL 332310850 | TRUSTEE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 BRICKELL BAY DR UNIT 310850, MIAMI, FL 33231-1243
- In care of
- % DS ADVISORS LLC
- Signed the 990-PF
- BHARAT DESAI, PRESIDENT
- Phone
- (248) 396-8944
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
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 | Not 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
- 41-2115627
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $210,882,381
- Income (IRS master file)
- $12,706,267
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $12,706,267 | $8,975,161 | $210,882,381 | IRS |
| 990-PF | December 2023 | $11,847,310 | $8,236,365 | $191,034,501 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 41-2115627).
Questions about DS FOUNDATION
- What is the EIN of DS FOUNDATION?
- The employer identification number (EIN) of DS FOUNDATION is 41-2115627.
- Is DS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Which annual return does DS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DS 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 DS 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 DS FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does DS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $12,706,267, expenses of $8,975,161 and total assets of $210,882,381 at year end.
Other nonprofits in MIAMI
- THE MIAMI FOUNDATION INC EIN 65-0350357 · last filed 990 for 2025
- GREATER MIAMI JEWISH FEDERATION EIN 59-0624404 · last filed 990 for 2025
- THE INVISIBLE HAND FOUNDATION EIN 46-1550110 · last filed 990-PF for 2025
- UNITED WAY MIAMI INC EIN 59-0830840 · last filed 990 for 2025
- MITCHELL WOLFSON SR FOUNDATION EIN 59-2390240 · last filed 990-PF for 2025
- ZHAO-CHEN FAMILY FOUNDATION INC EIN 85-4261456 · last filed 990-PF for 2024
- BRAVO FAMILY CHARITABLE FOUNDATION EIN 81-4657525 · last filed 990-PF for 2024
- OCHO FOUNDATION EIN 36-7801034 · last filed 990-PF for 2024
All nonprofits in MIAMI · Florida · Philanthropy, voluntarism and grantmaking foundations