Nonprofit · EIN 84-4003529
SOMAIYA FAMILY FOUNDATION
Tax-exempt · MIAMI BEACH, FL 33139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $602,303 | $1,223,297 | -$620,994 | $12,619,859 | $0 | $12,619,859 |
| December 31, 2023 | 990-PF | $525,732 | $716,621 | -$190,889 | $12,836,356 | $0 | $12,836,356 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $359,415
- Net gain from sales of assets
- $242,888
Expenses
- Grants and similar amounts paid
- $1,130,812
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $1,134,586
- Excise tax on investment income
- $7,139
Balance sheet and other
- Total assets, start of year
- $12,836,356
- Total assets, end of year
- $12,619,859
- Total liabilities, end of year
- $0
- Net assets, end of year
- $12,619,859
- Fair market value of assets
- $15,703,166
- Qualifying distributions
- $1,134,586
- Net investment income
- $602,303
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 |
|---|---|---|---|
| JOLLY S SOMAIYA 102 24TH STREET PH 1707, MIAMI BEACH, FL 33139 | PRESIDENT/DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOLLY S SOMAIYA 102 24TH STREET PH 1707, MIAMI BEACH, FL 33139 | PRESIDENT/DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 102 24TH ST PH 1707, MIAMI BEACH, FL 33139-1770
- In care of
- % BAKER HOSTETLER - LINDSAY DANDREA
- Signed the 990-PF
- JOLLY S SOMAIYA, PRESIDENT
- Phone
- (305) 733-4642
- Return prepared by
- APRIO ADVISORY GROUP LLC
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
- 84-4003529
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $12,619,859
- Income (IRS master file)
- $10,859,755
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $602,303 | $1,223,297 | $12,619,859 | XML |
| 990-PF | December 2023 | $525,732 | $716,621 | $12,836,356 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 84-4003529).
Questions about SOMAIYA FAMILY FOUNDATION
- What is the EIN of SOMAIYA FAMILY FOUNDATION?
- The employer identification number (EIN) of SOMAIYA FAMILY FOUNDATION is 84-4003529.
- Is SOMAIYA FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to SOMAIYA FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SOMAIYA FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SOMAIYA FAMILY 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 SOMAIYA FAMILY 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 SOMAIYA FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does SOMAIYA FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $602,303, expenses of $1,223,297 and total assets of $12,619,859 at year end.
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