Nonprofit · EIN 83-1540460
PATEL INSTITUTE FOR INNOVATION INC
Tax-exempt · TAMPA, FL 33637
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,989,637 | $11,147,065 | $1,842,572 | $23,772,364 | $17,069,847 | $6,702,517 |
| June 30, 2024 | 990 | $11,213,394 | $10,210,023 | $1,003,371 | $21,975,241 | $17,115,296 | $4,859,945 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,476,995
- Investment income
- $0
- Other revenue
- $1,512,642
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $334,957
- Program services (functional)
- $10,863,445
- Management and general (functional)
- $283,620
Balance sheet and other
- Total assets, start of year
- $21,975,241
- Total assets, end of year
- $23,772,364
- Total liabilities, end of year
- $17,069,847
- Net assets, end of year
- $6,702,517
- Land, buildings and equipment
- $16,871,186
- Gross receipts
- $12,989,637
- Employees
- 165
- Volunteers
- 25
- Year formed
- 2018
- State of legal domicile
- FL
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ASHLEY GALFOND | PRINCIPAL Key employee, Highest-paid employee | 40 | $107,999 |
| LAUREN CARNELL | PRINCIPAL Key employee, Highest-paid employee | 40 | $102,546 |
| JIM AKE | CHAIRMAN Trustee or director | 0.5 | $0 |
| CAROL MILTON | VICE PRESIDENT Trustee or director | 0.5 | $0 |
| JENNY ZHENG | TREASURER Trustee or director | 0.5 | $0 |
| RAYMOND JACOBS | SECRETARY Trustee or director | 0.5 | $0 |
| KAVITA JAIN | MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM AKE | CHAIRMAN Trustee or director | 0.5 | $0 |
| CAROL MILTON | VICE PRESIDENT Trustee or director | 0.5 | $0 |
| JENNY ZHENG | TREASURER Trustee or director | 0.5 | $0 |
| RAYMOND JACOBS | SECRETARY Trustee or director | 0.5 | $0 |
| KAVITA JAIN | MEMBER Trustee or director | 0.5 | $0 |
| LAUREN CARNELL | PRINCIPAL Key employee | 40 | $0 |
| ASHLEY GALFOND | PRINCIPAL Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 10721 RAULERSON RANCH RD, TAMPA, FL 33637-5310
- In care of
- % KAVITA JAIN
- Principal officer (990 for 2024)
- JENNY ZHENG, 10721 RAULERSON RANCH RD, Tampa, FL 33637
- Signed the 990
- JENNY ZHENG, TREASURER
- Phone
- (813) 629-8950
- Website
- https://patelhighschool.org/
- Return prepared by
- ROBERT I WALKER CPA
Mission
TO OPERATE TWO PUBLIC CHARTER SCHOOLS IN HILLSBOROUGH COUNTY, FLORIDA.
Program accomplishments
- TO OPERATE TWO PUBLIC CHARTER SCHOOLS IN HILLSBOROUGH COUNTY, FLORIDA.Expenses $10,863,445 · revenue $12,989,637
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1540460
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $23,772,364
- Income (IRS master file)
- $12,989,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,989,637 | $11,147,065 | $23,772,364 | XML |
| 990 | June 2024 | $11,213,394 | $10,210,023 | $21,975,241 | XML |
| 990 | June 2023 | $10,257,129 | $9,102,586 | $21,766,619 | IRS |
| 990 | June 2022 | $6,852,880 | $5,297,107 | $13,385,437 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 83-1540460).
Questions about PATEL INSTITUTE FOR INNOVATION INC
- What is the EIN of PATEL INSTITUTE FOR INNOVATION INC?
- The employer identification number (EIN) of PATEL INSTITUTE FOR INNOVATION INC is 83-1540460.
- Is PATEL INSTITUTE FOR INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to PATEL INSTITUTE FOR INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PATEL INSTITUTE FOR INNOVATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PATEL INSTITUTE FOR INNOVATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PATEL INSTITUTE FOR INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PATEL INSTITUTE FOR INNOVATION INC?
- The 990 for the year ended June 30, 2025 names JENNY ZHENG.
- Who are the officers and directors of PATEL INSTITUTE FOR INNOVATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $107,999 (ASHLEY GALFOND, PRINCIPAL).
- How much revenue does PATEL INSTITUTE FOR INNOVATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,989,637, expenses of $11,147,065 and total assets of $23,772,364 at year end.
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