Nonprofit · EIN 88-1282106
JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION
Tax-exempt · ROBBINSVILLE, NJ 08691
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $110,047 | $99,593 | $10,454 | $28,626 | $6,635 | $21,991 |
| December 31, 2023 | 990-PF | $41,828 | $46,650 | -$4,822 | $16,119 | $4,582 | $11,537 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $109,990
- Dividends
- $57
Expenses
- Grants and similar amounts paid
- $58,289
- Disbursements for charitable purposes
- $94,995
Balance sheet and other
- Total assets, start of year
- $16,119
- Total assets, end of year
- $28,626
- Total liabilities, end of year
- $6,635
- Net assets, end of year
- $21,991
- Fair market value of assets
- $37,336
- Qualifying distributions
- $94,995
- Net investment income
- $57
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 |
|---|---|---|---|
| Jai P Gulati 73 Emerald Road, Robbinsville, NJ 08691 | President | 5 | $0 |
| Somna J Gulati 73 Emerald Road, Robbinsville, NJ 08691 | VP & Secretary | 5 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jai P Gulati 73 Emerald Road, Robbinsville, NJ 08691 | President | 5 | $0 |
| Somna J Gulati 73 Emerald Road, Robbinsville, NJ 08691 | VP & Secretary | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 73 EMERALD RD, ROBBINSVILLE, NJ 08691-3166
- Signed the 990-PF
- Jai P Gulati, President
- Phone
- (516) 380-0768
- Website
- thegulatifoundation.org
- Return prepared by
- Lear & Pannepacker 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
- 88-1282106
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $28,626
- Income (IRS master file)
- $110,047
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $110,047 | $99,593 | $28,626 | XML |
| 990-PF | December 2023 | $41,828 | $46,650 | $16,119 | XML |
| 990-PF | December 2022 | – | – | – | 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 88-1282106).
Questions about JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION
- What is the EIN of JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION?
- The employer identification number (EIN) of JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION is 88-1282106.
- Is JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION 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 JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION 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 JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION?
- The 990-PF for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does JAI & SOMNA GULATI FOUNDATION A NJ NONPROFIT CORPORATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $110,047, expenses of $99,593 and total assets of $28,626 at year end.
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