Nonprofit · EIN 47-2629243
TARA CHAND FOUNDATION
Tax-exempt · WASHINGTON, DC 20008
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,219,929 | $1,005,799 | $4,214,130 | $8,059,489 | $0 | $8,059,489 |
| December 31, 2023 | 990-PF | $745,136 | $438,975 | $306,161 | $6,814,384 | $0 | $6,814,384 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $705,000
- Dividends
- $126,867
- Interest
- $148
- Net gain from sales of assets
- $4,268,422
- Other income
- $119,492
Expenses
- Grants and similar amounts paid
- $705,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $756,841
- Excise tax on investment income
- $60,625
Balance sheet and other
- Total assets, start of year
- $6,814,384
- Total assets, end of year
- $8,059,489
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,059,489
- Fair market value of assets
- $8,059,489
- Qualifying distributions
- $756,841
- Net investment income
- $4,395,437
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 |
|---|---|---|---|
| SUMAN SORG 2339 MASSACHUSETTS AVE NW APT 1, WASHINGTON, DC 20008 | PRESIDENT | 5 | $0 |
| NIKKI EDWARDS 2339 MASSACHUSETTS AVE NW APT 1, WASHINGTON, DC 20008 | TREASURER | 5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUMAN SORG 2339 MASSACHUSETTS AVE NW APT 1, WASHINGTON, DC 20008 | PRESIDENT | 5 | $0 |
| NIKKI EDWARDS 2339 MASSACHUSETTS AVE NW APT 1, WASHINGTON, DC 20008 | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2339 MASSACHUSETTS AVE NW APT 1, WASHINGTON, DC 20008-2803
- In care of
- % ARNOLD AND PORTER LLP
- Signed the 990-PF
- SUMAN SORG, PRESIDENT
- Phone
- (202) 365-2391
- Return prepared by
- LANE & COMPANY CPAS
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
- 47-2629243
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $8,059,489
- Income (IRS master file)
- $8,749,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,219,929 | $1,005,799 | $8,059,489 | IRS |
| 990-PF | December 2023 | $745,136 | $438,975 | $6,814,384 | 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 47-2629243).
Questions about TARA CHAND FOUNDATION
- What is the EIN of TARA CHAND FOUNDATION?
- The employer identification number (EIN) of TARA CHAND FOUNDATION is 47-2629243.
- Is TARA CHAND FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to TARA CHAND FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does TARA CHAND FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of TARA CHAND 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 TARA CHAND 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 TARA CHAND FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does TARA CHAND FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,219,929, expenses of $1,005,799 and total assets of $8,059,489 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Philanthropy, voluntarism and grantmaking foundations