Nonprofit · EIN 81-3289357
KHALID E PAREKH FOUNDATION INC
Tax-exempt (reinstated) · ONTARIO, CA 91762
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $625,013 | $341,648 | $283,365 | $739,253 | $953 | $738,300 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $625,013
Expenses
- Grants and similar amounts paid
- $329,198
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $329,198
Balance sheet and other
- Total assets, start of year
- $454,935
- Total assets, end of year
- $739,253
- Total liabilities, end of year
- $953
- Net assets, end of year
- $738,300
- Fair market value of assets
- $739,253
- Qualifying distributions
- $329,198
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 |
|---|---|---|---|
| KHALID PAREKH 773 S BENSON AVE, ONTARIO, CA 91762 | DIRECTOR | 5 | $0 |
| NAUSHEEN R TABANI 773 S BENSON AVE, ONTARIO, CA 91762 | DIRECTOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 773 S BENSON AVE, ONTARIO, CA 91762-4750
- In care of
- % KHALID E PAREKH
- Signed the 990-PF
- NAUSHEEN TABANI, DIRECTOR
- Phone
- (909) 569-4790
- Return prepared by
- SWENSON ACCOUNTANCY CORPORATION
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 | No data |
IRS record
- EIN
- 81-3289357
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $739,253
- Income (IRS master file)
- $625,013
Revocation and reinstatement
- Exemption revoked
- May 15, 2024
- Posted by the IRS
- August 12, 2024
- Reinstated
- Effective May 15, 2024
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 2024 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about KHALID E PAREKH FOUNDATION INC
- What is the EIN of KHALID E PAREKH FOUNDATION INC?
- The employer identification number (EIN) of KHALID E PAREKH FOUNDATION INC is 81-3289357.
- Is KHALID E PAREKH FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2024 and reinstated it effective May 15, 2024.
- Are donations to KHALID E PAREKH FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KHALID E PAREKH FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KHALID E PAREKH FOUNDATION INC 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 KHALID E PAREKH FOUNDATION INC 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 KHALID E PAREKH FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does KHALID E PAREKH FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $625,013, expenses of $341,648 and total assets of $739,253 at year end.
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