Nonprofit · EIN 90-0820145
DESAI SETHI FOUNDATION INC
Tax-exempt · MIAMI, FL 33231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $8,847,213 | $5,065,381 | $3,781,832 | $196,633,191 | $11,681 | $196,621,510 |
| December 31, 2023 | 990-PF | $8,196,530 | $4,464,512 | $3,732,018 | $178,239,846 | $10,231 | $178,229,615 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $7,728,214
- Interest
- $1,118,999
Expenses
- Grants and similar amounts paid
- $2,090,991
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $813,125
- Disbursements for charitable purposes
- $4,348,052
- Excise tax on investment income
- $122,478
Balance sheet and other
- Total assets, start of year
- $178,239,846
- Total assets, end of year
- $196,633,191
- Total liabilities, end of year
- $11,681
- Net assets, end of year
- $196,621,510
- Fair market value of assets
- $196,633,191
- Qualifying distributions
- $7,805,091
- Net investment income
- $8,847,213
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 |
|---|---|---|---|---|
| DAVID BICKY PO BOX 310850, MIAMI, FL 33234 | DIRECTOR OF PROGRAMS Highest-paid employee | 32 | $190,208 | $2,779 |
| LENOWITZ GEMMA PO BOX 310850, MIAMI, FL 33234 | PROGRAM DIRECTOR, SO Highest-paid employee | 40 | $189,583 | $3,050 |
| CLANCY LAURA PO BOX 310850, MIAMI, FL 33231 | CHIEF OPERATING OFFI Highest-paid employee | 40 | $169,583 | $1,200 |
| HAYMAN DANIELLE PO BOX 310850, MIAMI, FL 33232 | SAMVID SCHOLARS PROG Highest-paid employee | 40 | $163,750 | $3,788 |
| TISCORNIA KAT PO BOX 310850, MIAMI, FL 33233 | ASSOCIATE, SAMVID SC Highest-paid employee | 40 | $80,000 | $1,200 |
| BHARAT DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, CHAIRMAN, PRESIDENT | 4 | $0 | $0 |
| NEERJA SETHI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, VP, SECRETARY, TREASURER | 12 | $0 | $0 |
| SAAHILL DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 4 | $0 | $0 |
| PIA DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 36 | $0 | $0 |
990-PF for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA CLANCY PO BOX 310850, MIAMI, FL 33231 | CHIEF OPERATING OFFI Highest-paid employee | 40 | $247,665 | $2,031 |
| LENOWITZ GEMMA PO BOX 310850, MIAMI, FL 33234 | PROGRAM DIRECTOR, SO Highest-paid employee | 40 | $150,682 | $4,250 |
| BICKY DAVID PO BOX 310850, MIAMI, FL 33232 | DIRECTOR OF PROGRAMS Highest-paid employee | 24 | $140,000 | $5,702 |
| HAYMAN DANIELLE PO BOX 310850, MIAMI, FL 33234 | SAMVID SCHOLARS PROG Highest-paid employee | 40 | $140,000 | $0 |
| ALISSA GINSBERG PO BOX 310850, MIAMI, FL 33233 | SAMVID YOUNG LEADERS Highest-paid employee | 40 | $94,915 | $1,667 |
| BHARAT DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, CHAIRMAN, PRESIDENT | 4 | $0 | $0 |
| NEERJA SETHI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR, VP, SECRETARY, TREASURER | 12 | $0 | $0 |
| SAAHILL DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 4 | $0 | $0 |
| PIA DESAI PO BOX 310850, MIAMI, FL 332310850 | DIRECTOR | 36 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 310850, MIAMI, FL 33231-0850
- In care of
- % DS ADVISORS LLC
- Signed the 990-PF
- BHARAT DESAI, PRESIDENT
- Phone
- (646) 974-5930
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
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
- 90-0820145
- 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
- 2013
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $196,633,191
- Income (IRS master file)
- $8,847,213
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $8,847,213 | $5,065,381 | $196,633,191 | XML |
| 990-PF | December 2023 | $8,196,530 | $4,464,512 | $178,239,846 | 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 90-0820145).
Questions about DESAI SETHI FOUNDATION INC
- What is the EIN of DESAI SETHI FOUNDATION INC?
- The employer identification number (EIN) of DESAI SETHI FOUNDATION INC is 90-0820145.
- Is DESAI SETHI FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to DESAI SETHI FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DESAI SETHI FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DESAI SETHI 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 DESAI SETHI FOUNDATION 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 DESAI SETHI FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $190,208 (DAVID BICKY, DIRECTOR OF PROGRAMS).
- How much revenue does DESAI SETHI FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $8,847,213, expenses of $5,065,381 and total assets of $196,633,191 at year end.
Other nonprofits in MIAMI
- THE MIAMI FOUNDATION INC EIN 65-0350357 · last filed 990 for 2025
- GREATER MIAMI JEWISH FEDERATION EIN 59-0624404 · last filed 990 for 2025
- THE INVISIBLE HAND FOUNDATION EIN 46-1550110 · last filed 990-PF for 2025
- UNITED WAY MIAMI INC EIN 59-0830840 · last filed 990 for 2025
- MITCHELL WOLFSON SR FOUNDATION EIN 59-2390240 · last filed 990-PF for 2025
- ZHAO-CHEN FAMILY FOUNDATION INC EIN 85-4261456 · last filed 990-PF for 2024
- BRAVO FAMILY CHARITABLE FOUNDATION EIN 81-4657525 · last filed 990-PF for 2024
- OCHO FOUNDATION EIN 36-7801034 · last filed 990-PF for 2024
All nonprofits in MIAMI · Florida · Philanthropy, voluntarism and grantmaking foundations