Nonprofit · EIN 20-5345499
ANITA BHATIA FOUNDATION FOR TOMORROW INC
Tax-exempt · IRVING, TX 75039
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $788,928 | $3,503,720 | -$2,714,792 | $7,260,533 | $19,081 | $7,241,452 |
| December 31, 2023 | 990-PF | $3,597,571 | $7,404,495 | -$3,806,924 | $9,970,901 | $6,137 | $9,964,764 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $248,444
- Interest
- $17,239
- Net gain from sales of assets
- $522,105
- Other income
- $1,140
Expenses
- Grants and similar amounts paid
- $2,908,150
- Compensation of officers, directors and key employees
- $114,146
- Salaries, compensation and benefits (total)
- $172,409
- Disbursements for charitable purposes
- $3,456,975
- Excise tax on investment income
- $11,470
Balance sheet and other
- Total assets, start of year
- $9,970,901
- Total assets, end of year
- $7,260,533
- Total liabilities, end of year
- $19,081
- Net assets, end of year
- $7,241,452
- Fair market value of assets
- $7,964,259
- Qualifying distributions
- $3,456,975
- Net investment income
- $859,154
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 |
|---|---|---|---|---|
| Anita Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 20 | $80,000 | $13,518 |
| Erin Kane 507 Hill Street Apartment 4, Santa Monica, CA 90405 | 0 Highest-paid employee | 10 | $69,708 | – |
| Dan Burks 1012 Michigan Avenue, Santa Monica, CA 90404 | 0 Highest-paid employee | 10 | $55,000 | – |
| Niraj Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 15 | $34,146 | $13,518 |
| Ramesh Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anita Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 15 | $77,500 | $11,337 |
| Niraj Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 15 | $72,000 | $11,337 |
| Ramesh Bhatia Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 667 CREEKWAY DR, IRVING, TX 75039-2603
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Anita Bhatia, President
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
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
- 20-5345499
- 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
- 2006
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $7,260,533
- Income (IRS master file)
- $4,955,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $788,928 | $3,503,720 | $7,260,533 | XML |
| 990-PF | December 2023 | $3,597,571 | $7,404,495 | $9,970,901 | 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 20-5345499).
Questions about ANITA BHATIA FOUNDATION FOR TOMORROW INC
- What is the EIN of ANITA BHATIA FOUNDATION FOR TOMORROW INC?
- The employer identification number (EIN) of ANITA BHATIA FOUNDATION FOR TOMORROW INC is 20-5345499.
- Is ANITA BHATIA FOUNDATION FOR TOMORROW INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to ANITA BHATIA FOUNDATION FOR TOMORROW INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ANITA BHATIA FOUNDATION FOR TOMORROW INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ANITA BHATIA FOUNDATION FOR TOMORROW 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 ANITA BHATIA FOUNDATION FOR TOMORROW 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 ANITA BHATIA FOUNDATION FOR TOMORROW INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 4 received compensation from the organization, the highest $80,000 (Anita Bhatia, Dir, Pres).
- How much revenue does ANITA BHATIA FOUNDATION FOR TOMORROW INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $788,928, expenses of $3,503,720 and total assets of $7,260,533 at year end.
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