Nonprofit · EIN 92-2528516
KPS 42 CHARITABLE FOUNDATION INC
Tax-exempt · MCDONOUGH, GA 30253
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $78,395 | $80,090 | -$1,695 | $2,551 | $0 | $2,551 |
| December 31, 2024 | 990 | $6,209 | $318 | $5,891 | $4,246 | $0 | $4,246 |
| December 31, 2023 | 990 | $1 | $1,646 | -$1,645 | $356 | $0 | $356 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $78,364
- Program service revenue
- $0
- Investment income
- $31
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $80,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $80,000
- Management and general (functional)
- $90
Balance sheet and other
- Total assets, start of year
- $4,246
- Total assets, end of year
- $2,551
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,551
- Net assets without donor restrictions
- $2,551
- Gross receipts
- $78,395
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- GA
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUBHASH PATEL | CEO Trustee or director, Officer | 1 | $0 |
| RASIKBHAI PATEL | Secretary Trustee or director, Officer | 1 | $0 |
| SHAILESH PATEL | CFO Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUBHASH PATEL | CEO Trustee or director, Officer | 1 | $0 |
| RASIKBHAI PATEL | Secretary Trustee or director, Officer | 1 | $0 |
| SHAILESH PATEL | CFO Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUBHASH PATEL | CEO Trustee or director, Officer | 1 | $0 |
| RASIKBHAI PATEL | Secretary Trustee or director, Officer | 1 | $0 |
| SHAILESH PATEL | CFO Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2030 AVALON PARKWAY, MCDONOUGH, GA 30253-3023
- Principal officer (990 for 2025)
- RASIKBHAI PATEL, 2030 AVALON PARKWAY, MCDONOUGH, GA 30253
- Signed the 990
- RASIKBHAI PATEL, Secretary
- Phone
- (478) 714-8078
- Return prepared by
- CHUGH CPAS LLP
Mission
Promote educational and social welfare of Kadava Pattidar community in Gujarat, India by making donations to educational trusts who is setting up and managing educational institutions or gives education loans or scholarship to children of widows or divorcees who are poor and belong to the community.
Program accomplishments
- Contribution to trust for setting up of educational institution in Gujarat, IndiaExpenses $80,000
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 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2528516
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $2,551
- Income (IRS master file)
- $78,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $78,395 | $80,090 | $2,551 | IRS |
| 990 | December 2024 | $6,209 | $318 | $4,246 | IRS |
| 990 | December 2023 | $1 | $1,646 | $356 | 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 92-2528516).
Questions about KPS 42 CHARITABLE FOUNDATION INC
- What is the EIN of KPS 42 CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of KPS 42 CHARITABLE FOUNDATION INC is 92-2528516.
- Is KPS 42 CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to KPS 42 CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KPS 42 CHARITABLE FOUNDATION 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 KPS 42 CHARITABLE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KPS 42 CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KPS 42 CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names RASIKBHAI PATEL.
- Who are the officers and directors of KPS 42 CHARITABLE FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does KPS 42 CHARITABLE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $78,395, expenses of $80,090 and total assets of $2,551 at year end.
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