Vedant P Patel Foundation Inc

Riviera Beach, FL
Tax-exempt since Nov. 2008
EIN: 26-2834984

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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

$36.1k (2023)

Expenses

$154k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$71.2k (2023)

Source: Form 990 tax filings from 2011 to 2023

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 Dec.
2023

Revenue

$36,073

Expenses

$153,980

Net Income

-$117,907

Net Assets

$1,488,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$29,789	82.6%
Sales of Assets	$6,284	17.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,063	44.9%
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	$1,559,225
Total Liabilities	$71,207
Net Assets	$1,488,018

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on May 15, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$89,860

Expenses

$100,518

Net Income

-$10,658

Net Assets

$1,267,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,406	20.5%
Sales of Assets	$71,454	79.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,533	95.0%
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	$1,336,771
Total Liabilities	$69,063
Net Assets	$1,267,708

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on May 8, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$190,185

Expenses

$173,327

Net Income

$16,858

Net Assets

$1,790,811

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,295	10.7%
Sales of Assets	$169,890	89.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,711	42.0%
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	$1,873,194
Total Liabilities	$82,383
Net Assets	$1,790,811

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on June 30, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$83,718

Expenses

$88,233

Net Income

-$4,515

Net Assets

$1,532,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,368	19.6%
Sales of Assets	$67,350	80.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$65,989	74.8%
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	$1,604,033
Total Liabilities	$71,710
Net Assets	$1,532,323

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on July 12, 2021

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$59,175

Expenses

$81,675

Net Income

-$22,500

Net Assets

$1,342,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,690	31.6%
Sales of Assets	$40,485	68.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,268	61.5%
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	$1,408,674
Total Liabilities	$65,989
Net Assets	$1,342,685

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on June 23, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$87,286

Expenses

$72,165

Net Income

$15,121

Net Assets

$1,127,128

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37,871	43.4%
Interest Revenue	$0
Dividends	$16,234	18.6%
Sales of Assets	$33,181	38.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,341	94.7%
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	$1,177,396
Total Liabilities	$50,268
Net Assets	$1,127,128

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on Sept. 23, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$30,792

Expenses

$68,851

Net Income

-$38,059

Net Assets

$1,140,186

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,765	54.4%
Sales of Assets	$14,027	45.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,884	81.2%
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	$1,197,527
Total Liabilities	$57,341
Net Assets	$1,140,186

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on June 25, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$59,687

Expenses

$65,610

Net Income

-$5,923

Net Assets

$1,063,399

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$72,802	> 100%
Interest Revenue	$0
Dividends	$9,522	16.0%
Sales of Assets	-$22,637
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,936	85.3%
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	$1,119,283
Total Liabilities	$55,884
Net Assets	$1,063,399

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on June 27, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$2,099

Expenses

$60,821

Net Income

-$58,722

Net Assets

$1,030,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,358	> 100%
Sales of Assets	-$259
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,618	84.9%
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	$1,086,257
Total Liabilities	$55,936
Net Assets	$1,030,321

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on June 29, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$110,807

Expenses

$56,674

Net Income

$54,133

Net Assets

$1,089,313

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$110,691	99.9%
Interest Revenue	$0
Dividends	$116	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$61,416	> 100%
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	$1,140,931
Total Liabilities	$51,618
Net Assets	$1,089,313

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on Aug. 14, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$110

Expenses

$56,445

Net Income

-$56,335

Net Assets

$1,035,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$110	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,282	99.7%
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	$1,091,595
Total Liabilities	$56,415
Net Assets	$1,035,180

Compensation

Key Employees and Officers	Compensation	Other
Paresh Patel (Trustee)	$0	$0
Prashant Patel (Trustee)	$0	$0
Mikhil Patel (Trustee)	$0	$0

990-PF

Filed on July 15, 2014

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$117

Expenses

$56,313

Net Income

-$56,196

Net Assets

$1,091,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$117	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,000	35.5%
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	$1,147,797
Total Liabilities	$56,282
Net Assets	$1,091,515

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,167,711

Expenses

$20,000

Net Income

$1,147,711

Net Assets

$1,147,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,167,678	100.0%
Interest Revenue	$0
Dividends	$33	0.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$1,167,711
Total Liabilities	$20,000
Net Assets	$1,147,711

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

About This Data

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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.

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Updated September 25, 2025

Vedant P Patel Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $36.1k (2023)

Expenses $154k (2023)

Total Assets $1.56M (2023)

Total Liabilities $71.2k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$36.1k (2023)

Expenses

$154k (2023)

Total Assets

$1.56M (2023)

Total Liabilities

$71.2k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008