Nonprofit · EIN 36-4460548
KAIVAL GYAN CHICAGO FOUNDATION
Tax-exempt · CAROL STREAM, IL 60188
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $859,020 | $657,242 | $201,778 | $3,945,822 | $2,074 | $3,943,748 |
| December 31, 2023 | 990-PF | $726,190 | $805,641 | -$79,451 | $3,744,777 | $2,807 | $3,741,970 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $789,578
- Interest
- $69,442
Expenses
- Grants and similar amounts paid
- $367,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $30,000
- Disbursements for charitable purposes
- $590,135
Balance sheet and other
- Total assets, start of year
- $3,744,777
- Total assets, end of year
- $3,945,822
- Total liabilities, end of year
- $2,074
- Net assets, end of year
- $3,943,748
- Fair market value of assets
- $5,192,123
- Qualifying distributions
- $590,135
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 |
|---|---|---|---|
| RAVJIBHAI M PATEL 200 WYNONA LANE, SCHAUMBURG, IL 60193 | PRESIDENT | 5 | $0 |
| VIJAY K PATEL 1155 BLUE HERON WAY, ROSELLE, IL 60172 | SECRETARY | 5 | $0 |
| NATUBHAI M PATEL 540 GERMAINE LANE, ELK GROVE VILLAGE, IL 60007 | DIRECTOR | 5 | $0 |
| MAYUR R PATEL 500 NEWBERRY DRIVE, ELK GROVE VILLAGE, IL 60007 | DIRECTOR | 5 | $0 |
| KANUBHAI S PATEL 1295 PRESIDENT ST, GLENDALE HEIGHTS, IL 60139 | DIRECTOR | 5 | $0 |
| ASHWIN C PATEL 1150 HAMPSHIRE COURT, SCHAUMBURG, IL 60193 | TREASURER | 5 | $0 |
990-PF for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAVJIBHAI M PATEL 200 WYNONA LANE, SCHAUMBURG, IL 60193 | PRESIDENT | 5 | $0 |
| VIJAY K PATEL 1155 BLUE HERON WAY, ROSELLE, IL 60172 | SECRETARY | 5 | $0 |
| NATUBHAI M PATEL 540 GERMAINE LANE, ELK GROVE VILLAGE, IL 60007 | DIRECTOR | 5 | $0 |
| MAYUR R PATEL 500 NEWBERRY DRIVE, ELK GROVE VILLAGE, IL 60007 | DIRECTOR | 5 | $0 |
| KANUBHAI S PATEL 1295 PRESIDENT ST, GLENDALE HEIGHTS, IL 60139 | DIRECTOR | 5 | $0 |
| ASHWIN C PATEL 1150 HAMPSHIRE COURT, SCHAUMBURG, IL 60193 | TREASURER | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 990 N COUNTY FARM RD, CAROL STREAM, IL 60188-2905
- In care of
- % GARY STERN
- Signed the 990-PF
- VIJAY PATEL, SECRETARY
- Phone
- (847) 956-6960
- Website
- HTTP://KAIVAL.ORG
- Return prepared by
- DOWELL GROUP LLP
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
- 36-4460548
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $3,945,822
- Income (IRS master file)
- $859,020
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $859,020 | $657,242 | $3,945,822 | XML |
| 990-PF | December 2023 | $726,190 | $805,641 | $3,744,777 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | 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 36-4460548).
Questions about KAIVAL GYAN CHICAGO FOUNDATION
- What is the EIN of KAIVAL GYAN CHICAGO FOUNDATION?
- The employer identification number (EIN) of KAIVAL GYAN CHICAGO FOUNDATION is 36-4460548.
- Is KAIVAL GYAN CHICAGO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to KAIVAL GYAN CHICAGO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does KAIVAL GYAN CHICAGO FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KAIVAL GYAN CHICAGO 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 KAIVAL GYAN CHICAGO 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 KAIVAL GYAN CHICAGO FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does KAIVAL GYAN CHICAGO FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $859,020, expenses of $657,242 and total assets of $3,945,822 at year end.
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