Nonprofit · EIN 88-4171094
SHARMA FAMILY FOUNDATION INC
Tax-exempt · LOCUST VALLEY, NY 11560
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $138,698 | $57,328 | $81,370 | $382,722 | $0 | $382,722 |
| December 31, 2023 | 990-PF | $122,581 | $6,802 | $115,779 | $261,989 | $0 | $261,989 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $120,000
- Dividends
- $1,075
- Interest
- $7,789
- Other income
- $9,834
Expenses
- Grants and similar amounts paid
- $55,000
- Disbursements for charitable purposes
- $55,000
- Excise tax on investment income
- $260
Balance sheet and other
- Total assets, start of year
- $261,989
- Total assets, end of year
- $382,722
- Total liabilities, end of year
- $0
- Net assets, end of year
- $382,722
- Fair market value of assets
- $382,722
- Qualifying distributions
- $55,000
- Net investment income
- $18,698
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 |
|---|---|---|---|
| ATUL SHARMA 104 FACTORY POND ROAD, LOCUST VALLEY, NY 11560 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ATUL SHARMA 104 FACTORY POND ROAD, LOCUST VALLEY, NY 11560 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 104 FACTORY POND RD, LOCUST VALLEY, NY 11560-1416
- In care of
- % ATUL SHARMA
- Signed the 990-PF
- ATUL SHARMA, DIRECTOR
- Phone
- (516) 334-2112
- Return prepared by
- DALAL ASSOCIATES CPAS PC
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
- 88-4171094
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $382,722
- Income (IRS master file)
- $138,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $138,698 | $57,328 | $382,722 | IRS |
| 990-PF | December 2023 | $122,581 | $6,802 | $261,989 | XML |
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 88-4171094).
Questions about SHARMA FAMILY FOUNDATION INC
- What is the EIN of SHARMA FAMILY FOUNDATION INC?
- The employer identification number (EIN) of SHARMA FAMILY FOUNDATION INC is 88-4171094.
- Is SHARMA FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SHARMA FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SHARMA FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SHARMA FAMILY 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 SHARMA FAMILY 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 SHARMA FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does SHARMA FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $138,698, expenses of $57,328 and total assets of $382,722 at year end.
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- GERALD P & CAROL D HALPERN FOUNDATION TRUST EIN 11-6569810 · last filed 990-PF for 2025
- FAROOQ FAMILY FOUNDATION INC EIN 87-1780247 · last filed 990-PF for 2024
All nonprofits in LOCUST VALLEY · New York · Philanthropy, voluntarism and grantmaking foundations