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Nonprofit · EIN 86-3845493

KUDAV-MUDGAL FOUNDATION INC

Tax-exempt · LEXINGTON, MA 02421

Financials

$0$9K2023$508K$14K2024
Revenue Expenses · by fiscal year end
Financials of KUDAV-MUDGAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$508,438$13,525$494,913$669,481$5,566$663,915
December 31, 2023990-EZ$0$9,415-$9,415$174,568$5,566$169,002
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$500,000
Program service revenue
$0
Investment income
$8,438
Other revenue
$0

Expenses

Grants and similar amounts paid
$4,450
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$750
Depreciation
$500
Program services (functional)
$12,135
Management and general (functional)
$1,390

Balance sheet and other

Total assets, start of year
$174,568
Total assets, end of year
$669,481
Total liabilities, end of year
$5,566
Net assets, end of year
$663,915
Gross receipts
$508,438
Employees
0
Year formed
2021
State of legal domicile
MA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Chaitanya MudgalPresident
Trustee or director
4$0
Sharmila MudgalSecretary
Trustee or director
4$0
Sheena BanerjeeDirector
Trustee or director
2$0
Rahul PatilDirector
Trustee or director
2$0
Amit GuptaDirector
Trustee or director
2$0
Maya MudgalTreasurer
Trustee or director
2$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Chaitanya MudgalPresident4$0
Sharmila MudgalSecretary4$0
Sheena BanerjeeDirector2$0
Rahul PatilDirector2$0
Amit GuptaDirector2$0
Maya MudgalTreasurer2$0

Address and contacts

Address (IRS master file)
18 CHADBOURNE RD, LEXINGTON, MA 02421-8211
Signed the 990
Sharmila Mudgal, Secretary
Phone
(617) 256-9540
Return prepared by
SHAH & PANDYA CPA PC

Mission

To promote the education of individuals for the improvement and development of their capabilities and empower them with the latest skills and knowledge.

990 for the year ended December 31, 2024

Program accomplishments

  • The corporation is organized and will be operated to promote the education of individuals for the improvement and development of their capabilities and empower them with the latest skills and knowledge.
    Expenses $12,135 · grants $500,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
86-3845493
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$669,481
Income (IRS master file)
$508,438

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$508,438$13,525$669,481XML
990-EZDecember 2023$0$9,415$174,568XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––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 86-3845493).

Questions about KUDAV-MUDGAL FOUNDATION INC

What is the EIN of KUDAV-MUDGAL FOUNDATION INC?
The employer identification number (EIN) of KUDAV-MUDGAL FOUNDATION INC is 86-3845493.
Is KUDAV-MUDGAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to KUDAV-MUDGAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KUDAV-MUDGAL 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 KUDAV-MUDGAL 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 KUDAV-MUDGAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of KUDAV-MUDGAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does KUDAV-MUDGAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $508,438, expenses of $13,525 and total assets of $669,481 at year end.

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