Drs Kiran & Pallavi Patel Familyfoundation Inc

Tampa, FL
Tax-exempt since Nov. 2006
EIN: 20-3916634

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.4M (2024)

Expenses

$803k (2024)

Total Assets

$45.9M (2024)

Total Liabilities

$2.5M (2024)

Years with missing data

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$1,402,716

Expenses

$802,868

Net Income

$599,848

Net Assets

$43,361,476

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$40,500	2.9%
Interest Revenue	$714,040	50.9%
Dividends	$0
Sales of Assets	$124,063	8.8%
Other Income	$524,113	37.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,923	9.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$45,861,577
Total Liabilities	$2,500,101
Net Assets	$43,361,476

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on March 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

View Filing (2 of 2)

Fiscal Year Ending June
2023

Revenue

$94,480

Expenses

$8,112,425

Net Income

-$8,017,945

Net Assets

$42,790,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,300	7.7%
Interest Revenue	$376,111	> 100%
Dividends	$0
Sales of Assets	$148,289	> 100%
Other Income	-$437,220

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$876,194	10.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$44,190,629
Total Liabilities	$1,400,516
Net Assets	$42,790,113

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on March 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2022

Revenue

$18,317,234

Expenses

$166,895

Net Income

$18,150,339

Net Assets

$51,130,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,453	0.0%
Interest Revenue	$122,797	0.7%
Dividends	$25,372	0.1%
Sales of Assets	$16,869,856	92.1%
Other Income	$1,291,756	7.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,833	67.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$52,530,383
Total Liabilities	$1,400,000
Net Assets	$51,130,383

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Oct. 26, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$2,760,208

Expenses

$656,670

Net Income

$2,103,538

Net Assets

$34,794,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,566,032	56.7%
Interest Revenue	$613,454	22.2%
Dividends	$13,981	0.5%
Sales of Assets	$17,089	0.6%
Other Income	$549,652	19.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$82,174	12.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$52,483,250
Total Liabilities	$17,688,325
Net Assets	$34,794,925

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Dec. 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending June
2020

Revenue

$1,870,713

Expenses

$1,192,362

Net Income

$678,351

Net Assets

$32,764,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,550	2.8%
Interest Revenue	$813,319	43.5%
Dividends	$182,396	9.8%
Sales of Assets	$172,416	9.2%
Other Income	$650,032	34.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$221,822	18.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$40,586,272
Total Liabilities	$7,821,799
Net Assets	$32,764,473

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Nov. 27, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending June
2019

Revenue

$7,800,194

Expenses

$9,000,181

Net Income

-$1,199,987

Net Assets

$33,433,496

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,857,992	> 100%
Interest Revenue	$498,614	6.4%
Dividends	$264,365	3.4%
Sales of Assets	$0
Other Income	-$579,199

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,450,798	93.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$45,696,497
Total Liabilities	$12,263,001
Net Assets	$33,433,496

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Jan. 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$9,005,515

Expenses

$1,984,905

Net Income

$7,020,610

Net Assets

$34,083,881

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,945,787	88.2%
Interest Revenue	$105,401	1.2%
Dividends	$235,469	2.6%
Sales of Assets	$85,979	1.0%
Other Income	$632,879	7.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,624,678	81.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$62,252,174
Total Liabilities	$28,168,293
Net Assets	$34,083,881

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Dec. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending June
2017

Revenue

$30,152,360

Expenses

$7,868,065

Net Income

$22,284,295

Net Assets

$26,310,676

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,779,867	98.8%
Interest Revenue	$53,613	0.2%
Dividends	$205,004	0.7%
Sales of Assets	$113,519	0.4%
Other Income	$357	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,668,134	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,943,908
Total Liabilities	$8,633,232
Net Assets	$26,310,676

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Oct. 29, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

View Filing (2 of 2)

Fiscal Year Ending June
2016

Revenue

$516,141

Expenses

$955,023

Net Income

-$438,882

Net Assets

$3,098,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$831,184	> 100%
Interest Revenue	$69,820	13.5%
Dividends	$171,682	33.3%
Sales of Assets	-$556,545
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$802,550	84.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,252,002
Total Liabilities	$8,153,382
Net Assets	$3,098,620

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Dec. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending June
2015

Revenue

$2,171,408

Expenses

$3,597,125

Net Income

-$1,425,717

Net Assets

$3,572,728

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,559,502	71.8%
Interest Revenue	$133,773	6.2%
Dividends	$156,390	7.2%
Sales of Assets	$308,348	14.2%
Other Income	$13,395	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,469,634	96.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,077,854
Total Liabilities	$7,505,126
Net Assets	$3,572,728

Compensation

Key Employees and Officers	Compensation	Other
Pallavi C Patel Md (President)	$0	$0
Shilen Patel (V President)	$0	$0
Kiran C Patel Md (Sec/Treas)	$0	$0
Sonali Judd (Trustee)	$0	$0
Sheetal Patel (Trustee)	$0	$0

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990-PF

Filed on Nov. 19, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending June
2013

Revenue

$2,104,105

Expenses

$1,478,454

Net Income

$625,651

Net Assets

$4,303,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,369,610	65.1%
Interest Revenue	$55,034	2.6%
Dividends	$34,495	1.6%
Sales of Assets	$440,574	20.9%
Other Income	$204,392	9.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,424,430	96.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,363,422
Total Liabilities	$3,060,000
Net Assets	$4,303,422

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$678,720

Expenses

$464,669

Net Income

$214,051

Net Assets

$3,976,630

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$584,792	86.2%
Interest Revenue	$60,308	8.9%
Dividends	$31,711	4.7%
Sales of Assets	$0
Other Income	$17,664	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$448,499	96.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,136,630
Total Liabilities	$2,160,000
Net Assets	$3,976,630

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$3,819,686

Expenses

$509,713

Net Income

$3,309,973

Net Assets

$3,913,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,684,529	96.5%
Interest Revenue	$86,401	2.3%
Dividends	$12,412	0.3%
Sales of Assets	$8,504	0.2%
Other Income	$27,840	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$473,775	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,013,314
Total Liabilities	$2,100,000
Net Assets	$3,913,314

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated August 21, 2025

Drs Kiran & Pallavi Patel Familyfoundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.4M (2024)

Expenses $803k (2024)

Total Assets $45.9M (2024)

Total Liabilities $2.5M (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.4M (2024)

Expenses

$803k (2024)

Total Assets

$45.9M (2024)

Total Liabilities

$2.5M (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006