Nonprofit · EIN 76-0345480
KHUSHALANI FOUNDATION
Tax-exempt · HUMBLE, TX 77346
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $282,300 | $51,235 | $231,065 | $680,996 | $0 | $680,996 |
| December 31, 2023 | 990-PF | $118,098 | $61,766 | $56,332 | $449,931 | $0 | $449,931 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $282,253
- Interest
- $47
Expenses
- Grants and similar amounts paid
- $49,266
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $449,931
- Total assets, end of year
- $680,996
- Total liabilities, end of year
- $0
- Net assets, end of year
- $680,996
- Fair market value of assets
- $680,996
- Net investment income
- $47
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 |
|---|---|---|---|
| ASHOK I KHUSHALANI 8126 REBAWOOD DR, HUMBLE, TX 77346 | P/T/D | 2 | $0 |
| SUSAN J KHUSHALANI 8126 REBAWOOD DR, HUMBLE, TX 77346 | S/D | 1 | $0 |
| MOHAN I KHUSHALANI 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| Sarla MKhushalani 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| Meenaksh AKhushalni 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| SunilD Khushalani 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHOK I KHUSHALANI 8126 REBAWOOD DR, HUMBLE, TX 77346 | P/T/D | 2 | $0 |
| SUSAN J KHUSHALANI 8126 REBAWOOD DR, HUMBLE, TX 77346 | S/D | 1 | $0 |
| MOHAN I KHUSHALANI 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| Sarla MKhushalani 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| Meenaksh AKhushalni 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
| SunilD Khushalani 83 MAIN STREET, TERRYTOWN, NY 10571 | DIR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 8126 REBAWOOD DR, HUMBLE, TX 77346-1751
- Signed the 990-PF
- ASHOK KHUSHALANI, PRESIDENT
- Phone
- (281) 852-1833
- Return prepared by
- Samuel CPA 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 | 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
- 76-0345480
- 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
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $680,996
- Income (IRS master file)
- $282,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $282,300 | $51,235 | $680,996 | XML |
| 990-PF | December 2023 | $118,098 | $61,766 | $449,931 | 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 76-0345480).
Questions about KHUSHALANI FOUNDATION
- What is the EIN of KHUSHALANI FOUNDATION?
- The employer identification number (EIN) of KHUSHALANI FOUNDATION is 76-0345480.
- Is KHUSHALANI FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to KHUSHALANI FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KHUSHALANI FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KHUSHALANI 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 KHUSHALANI 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 KHUSHALANI FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does KHUSHALANI FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $282,300, expenses of $51,235 and total assets of $680,996 at year end.
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