Nonprofit · EIN 68-0514542
VANKAWALA FAMILY CHARITABLE FOUNDATION
Tax-exempt (reinstated) · COLLEYVILLE, TX 76034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $232,882 | $213,613 | $19,269 | $658,992 | $0 | $658,992 |
| December 31, 2024 | 990-PF | $131,698 | $108,015 | $23,683 | $641,574 | $0 | $641,574 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $4,810
- Interest
- $9
- Net gain from sales of assets
- $227,643
- Other income
- $420
Expenses
- Grants and similar amounts paid
- $205,404
- Disbursements for charitable purposes
- $206,326
- Excise tax on investment income
- $3,136
Balance sheet and other
- Total assets, start of year
- $641,574
- Total assets, end of year
- $658,992
- Total liabilities, end of year
- $0
- Net assets, end of year
- $658,992
- Fair market value of assets
- $2,108,777
- Qualifying distributions
- $206,326
- Net investment income
- $232,882
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 |
|---|---|---|---|
| MAHESH VANKAWALA 2716 WATERS EDGE DR, CEDAR HILL, TX 75104 | President | 100 | $0 |
| SAMIR LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Vice President | 10 | $0 |
| KAUSHAL LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Secretary | 50 | $0 |
| HASMUKHLAL VANKAWALA 508 HARMONY LANE, COLLEYVILLE, TX 76034 | Treasurer | 20 | $0 |
| HEMANT VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | Director | 10 | $0 |
| KETAKI VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | Director | 10 | $0 |
| RAJENDRA VANKAWALA 4910 BEHRENS COURT, COLLEYVILLE, TX 76034 | Director | 10 | $0 |
| SIMRAN LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Director | 10 | $0 |
| VIKRAM LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | NON-VOTING DIR | 5 | $0 |
| NIDHI VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | NON-VOTING DIR | 5 | $0 |
990-PF for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAHESH VANKAWALA 2716 WATERS EDGE DR, CEDAR HILL, TX 75104 | President | 10 | $0 |
| SAMIR LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Vice President | 10 | $0 |
| KAUSHAL LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Secretary | 50 | $0 |
| HASMUKHLAL VANKAWALA 508 HARMONY LANE, COLLEYVILLE, TX 76034 | Treasurer | 20 | $0 |
| HEMANT VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | Director | 10 | $0 |
| KETAKI VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | Director | 10 | $0 |
| RAJENDRA VANKAWALA 4910 BEHRENS COURT, COLLEYVILLE, TX 76034 | Director | 10 | $0 |
| SIMRAN LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | Director | 10 | $0 |
| VIKRAM LAPSIWALA 6212 PLEASANT RUN RD, COLLEYVILLE, TX 76034 | NON-VOTING DIR | 5 | $0 |
| NIDHI VANKAWALA 5340 PEBBLEBROOK DR, DALLAS, TX 75229 | NON-VOTING DIR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 508 HARMONY LN, COLLEYVILLE, TX 76034-8202
- In care of
- % DIPIKA VANKAWALA
- Signed the 990-PF
- HASMUKHLAL VANKAWALA, Treasurer
- Phone
- (214) 823-6237
- Return prepared by
- THE KIPP GROUP PLLC
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 | Check at the IRS |
IRS record
- EIN
- 68-0514542
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $658,992
- Income (IRS master file)
- $287,649
Revocation and reinstatement
- Exemption revoked
- May 15, 2023
- Posted by the IRS
- August 14, 2023
- Reinstated
- Effective May 15, 2023
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 | $232,882 | $213,613 | $658,992 | XML |
| 990-PF | December 2024 | $131,698 | $108,015 | $641,574 | 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 68-0514542).
Questions about VANKAWALA FAMILY CHARITABLE FOUNDATION
- What is the EIN of VANKAWALA FAMILY CHARITABLE FOUNDATION?
- The employer identification number (EIN) of VANKAWALA FAMILY CHARITABLE FOUNDATION is 68-0514542.
- Is VANKAWALA FAMILY CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
- Are donations to VANKAWALA FAMILY CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does VANKAWALA FAMILY CHARITABLE FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of VANKAWALA FAMILY CHARITABLE FOUNDATION 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 VANKAWALA FAMILY CHARITABLE FOUNDATION 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 VANKAWALA FAMILY CHARITABLE FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does VANKAWALA FAMILY CHARITABLE FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $232,882, expenses of $213,613 and total assets of $658,992 at year end.
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