Nonprofit · EIN 90-0820145
DESAI SETHI FOUNDATION INC
Tax-exempt · MIAMI, FL 33231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,847,213 | $5,065,381 | $3,781,832 | $196,633,191 | $11,681 | $196,621,510 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $7,728,214
- Interest
- $1,118,999
Expenses
- Grants and similar amounts paid
- $2,090,991
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $813,125
- Disbursements for charitable purposes
- $4,348,052
- Excise tax on investment income
- $122,478
Balance sheet and other
- Total assets, start of year
- $178,239,846
- Total assets, end of year
- $196,633,191
- Total liabilities, end of year
- $11,681
- Net assets, end of year
- $196,621,510
- Fair market value of assets
- $196,633,191
- Qualifying distributions
- $7,805,091
- Net investment income
- $8,847,213
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 | Other / benefits |
|---|---|---|---|---|
| DAVID BICKY PO BOX 310850, MIAMI, FL 33234 | DIRECTOR OF PROGRAMS Highest-paid employee | 32 | $190,208 | $2,779 |
| LENOWITZ GEMMA PO BOX 310850, MIAMI, FL 33234 | PROGRAM DIRECTOR, SO Highest-paid employee | 40 | $189,583 | $3,050 |
| CLANCY LAURA PO BOX 310850, MIAMI, FL 33231 | CHIEF OPERATING OFFI Highest-paid employee | 40 | $169,583 | $1,200 |
| HAYMAN DANIELLE PO BOX 310850, MIAMI, FL 33232 | SAMVID SCHOLARS PROG Highest-paid employee | 40 | $163,750 | $3,788 |
| TISCORNIA KAT PO BOX 310850, MIAMI, FL 33233 | ASSOCIATE, SAMVID SC Highest-paid employee | 40 | $80,000 | $1,200 |
| BHARAT DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, CHAIRMAN, PRESIDENT | 4 | $0 | $0 |
| NEERJA SETHI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, VP, SECRETARY, TREASURER | 12 | $0 | $0 |
| SAAHILL DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 4 | $0 | $0 |
| PIA DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 36 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 310850, MIAMI, FL 33231-0850
- In care of
- % DS ADVISORS LLC
- Signed the 990-PF
- BHARAT DESAI, PRESIDENT
- Phone
- (646) 974-5930
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY 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
- 90-0820145
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $196,633,191
- Income (IRS master file)
- $8,847,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $8,196,530 | $4,464,512 | $178,239,846 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 DESAI SETHI FOUNDATION INC
- What is the EIN of DESAI SETHI FOUNDATION INC?
- The employer identification number (EIN) of DESAI SETHI FOUNDATION INC is 90-0820145.
- Is DESAI SETHI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to DESAI SETHI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DESAI SETHI FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DESAI SETHI 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 DESAI SETHI 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 DESAI SETHI FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $190,208 (DAVID BICKY, DIRECTOR OF PROGRAMS).
- How much revenue does DESAI SETHI FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,847,213, expenses of $5,065,381 and total assets of $196,633,191 at year end.
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