Arun I And Asmita Bhatia Family Foundation

New York, NY
Tax-exempt since June 2003
EIN: 30-0156517

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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

$559k (2024)

Expenses

$151k (2024)

Total Assets

$2.83M (2024)

Total Liabilities

$0 (2024)

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 Nov.
2024

Revenue

$558,997

Expenses

$151,071

Net Income

$407,926

Net Assets

$2,826,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$404,571	72.4%
Interest Revenue	$1,482	0.3%
Dividends	$112,276	20.1%
Sales of Assets	$40,668	7.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,746	83.2%
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	$2,826,963
Total Liabilities	$0
Net Assets	$2,826,963

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on Sept. 11, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$260,732

Expenses

$194,303

Net Income

$66,429

Net Assets

$2,419,037

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	57.5%
Interest Revenue	$2,319	0.9%
Dividends	$90,889	34.9%
Sales of Assets	$17,524	6.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$170,960	88.0%
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	$2,419,037
Total Liabilities	$0
Net Assets	$2,419,037

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on March 1, 2024

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$141,410

Expenses

$248,875

Net Income

-$107,465

Net Assets

$2,352,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,176	0.8%
Dividends	$81,761	57.8%
Sales of Assets	$58,473	41.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$208,412	83.7%
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	$2,352,608
Total Liabilities	$0
Net Assets	$2,352,608

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on April 18, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$206,874

Expenses

$158,770

Net Income

$48,104

Net Assets

$2,440,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$616	0.3%
Dividends	$75,950	36.7%
Sales of Assets	$130,308	63.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$124,075	78.1%
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	$2,440,816
Total Liabilities	$0
Net Assets	$2,440,816

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on March 30, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2020

Revenue

$239,512

Expenses

$124,281

Net Income

$115,231

Net Assets

$2,406,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$220,000	91.9%
Interest Revenue	$1,004	0.4%
Dividends	$72,965	30.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$94,620	76.1%
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	$2,406,429
Total Liabilities	$1
Net Assets	$2,406,428

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on June 7, 2021

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$181,846

Expenses

$168,086

Net Income

$13,760

Net Assets

$2,302,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	55.0%
Interest Revenue	$2,066	1.1%
Dividends	$85,895	47.2%
Sales of Assets	$0
Other Income	$4	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,878	79.1%
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	$2,302,637
Total Liabilities	$1
Net Assets	$2,302,636

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on June 27, 2020

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2018

Revenue

$187,264

Expenses

$110,784

Net Income

$76,480

Net Assets

$2,302,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	53.4%
Interest Revenue	$1,345	0.7%
Dividends	$78,595	42.0%
Sales of Assets	$7,300	3.9%
Other Income	$24	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,975	67.7%
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	$2,302,803
Total Liabilities	$0
Net Assets	$2,302,803

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on Aug. 23, 2019

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

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Schedules ▼

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Fiscal Year Ending Nov.
2017

Revenue

$250,095

Expenses

$126,403

Net Income

$123,692

Net Assets

$2,226,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	40.0%
Interest Revenue	$11,735	4.7%
Dividends	$55,645	22.2%
Sales of Assets	$82,687	33.1%
Other Income	$28	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$92,100	72.9%
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	$2,226,323
Total Liabilities	$0
Net Assets	$2,226,323

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on Sept. 10, 2018

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

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Schedules ▼

XML

Fiscal Year Ending Nov.
2016

Revenue

$246,772

Expenses

$104,356

Net Income

$142,416

Net Assets

$2,102,641

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	60.8%
Interest Revenue	$10,902	4.4%
Dividends	$75,306	30.5%
Sales of Assets	$10,560	4.3%
Other Income	$4	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$71,010	68.0%
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	$2,102,641
Total Liabilities	$0
Net Assets	$2,102,641

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on June 30, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2015

Revenue

$85,703

Expenses

$90,983

Net Income

-$5,280

Net Assets

$1,960,299

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,575	13.5%
Dividends	$56,054	65.4%
Sales of Assets	$17,195	20.1%
Other Income	$879	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,535	75.3%
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	$1,960,299
Total Liabilities	$0
Net Assets	$1,960,299

Compensation

Key Employees and Officers	Compensation	Other
Arun I Bhatia (President)	$0	$0
Asmita Bhatia (Secretary)	$0	$0

990-PF

Filed on July 5, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2014

Revenue

$105,973

Expenses

$96,754

Net Income

$9,219

Net Assets

$1,925,608

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$18,469	17.4%
Dividends	$52,577	49.6%
Sales of Assets	$34,927	33.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$74,100	76.6%
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	$1,925,608
Total Liabilities	$0
Net Assets	$1,925,608

990-PF

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

PDF

Fiscal Year Ending Nov.
2013

Revenue

$381,207

Expenses

$104,453

Net Income

$276,754

Net Assets

$1,916,389

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,000	78.7%
Interest Revenue	$18,943	5.0%
Dividends	$38,465	10.1%
Sales of Assets	$23,799	6.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,850	82.2%
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	$1,916,389
Total Liabilities	$0
Net Assets	$1,916,389

990-PF

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

PDF

Fiscal Year Ending Nov.
2012

Revenue

$59,240

Expenses

$87,987

Net Income

-$28,747

Net Assets

$1,639,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25,929	43.8%
Dividends	$28,428	48.0%
Sales of Assets	$4,883	8.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,380	87.9%
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	$1,639,635
Total Liabilities	$0
Net Assets	$1,639,635

990-PF

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

PDF

Fiscal Year Ending Nov.
2011

Revenue

$534,202

Expenses

$90,511

Net Income

$443,691

Net Assets

$1,668,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500,000	93.6%
Interest Revenue	$24,243	4.5%
Dividends	$21,000	3.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,170	91.9%
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	$1,668,382
Total Liabilities	$0
Net Assets	$1,668,382

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

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Arun I And Asmita Bhatia Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $559k (2024)

Expenses $151k (2024)

Total Assets $2.83M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Revenue

$559k (2024)

Expenses

$151k (2024)

Total Assets

$2.83M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
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Fiscal Year Ending Nov.
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Fiscal Year Ending Nov.
2004