Nonprofit · EIN 38-3246397
RAINA K PATEL FOUNDATION
Tax-exempt · BLOOMFLD HLS, MI 48302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,058,811 | $102,496 | $956,315 | $2,669,621 | $0 | $2,669,621 |
| December 31, 2023 | 990-PF | $513 | $88,680 | -$88,167 | $1,458,302 | $0 | $1,458,302 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000,000
- Dividends
- $19,364
- Interest
- $21,743
- Net gain from sales of assets
- $17,704
Expenses
- Grants and similar amounts paid
- $26,000
- Compensation of officers, directors and key employees
- $50,000
- Disbursements for charitable purposes
- $62,500
- Excise tax on investment income
- $564
Balance sheet and other
- Total assets, start of year
- $1,458,302
- Total assets, end of year
- $2,669,621
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,669,621
- Fair market value of assets
- $2,669,621
- Qualifying distributions
- $62,500
- Net investment income
- $58,811
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 |
|---|---|---|---|
| RAINA K PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | MANAGER | 5 | $50,000 |
| KIRIT C PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | PRES/TREAS | 1 | $0 |
| MALTI K PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | SECRETARY | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAINA K PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | MANAGER | 5 | $40,000 |
| KIRIT C PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | PRES/TREAS | 1 | $0 |
| MALTI K PATEL 3008 HERON POINTE DR, BLOOMFIELD HILLS, MI 48302 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3008 HERON POINTE DR, BLOOMFLD HLS, MI 48302-0716
- In care of
- % KIRIT C PATEL
- Signed the 990-PF
- KIRIT PATEL, PRESIDENT/TREASURER
- Phone
- (248) 253-1651
- Return prepared by
- PATEL & ASSOCIATES PLC
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
- 38-3246397
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22Z)
- Assets (IRS master file)
- $2,669,621
- Income (IRS master file)
- $1,188,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,058,811 | $102,496 | $2,669,621 | IRS |
| 990-PF | December 2023 | $513 | $88,680 | $1,458,302 | 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 38-3246397).
Questions about RAINA K PATEL FOUNDATION
- What is the EIN of RAINA K PATEL FOUNDATION?
- The employer identification number (EIN) of RAINA K PATEL FOUNDATION is 38-3246397.
- Is RAINA K PATEL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to RAINA K PATEL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RAINA K PATEL FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RAINA K PATEL 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 RAINA K PATEL 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 RAINA K PATEL FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $50,000 (RAINA K PATEL, MANAGER).
- How much revenue does RAINA K PATEL FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,058,811, expenses of $102,496 and total assets of $2,669,621 at year end.
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