Ds Foundation

Desai Sethi Family Foundation

Miami, FL
Tax-exempt since Oct. 2004
EIN: 41-2115627

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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 Grantmaking Foundations (NTEE)

Revenue

$12.7M (2024)

Expenses

$8.98M (2024)

Total Assets

$211M (2024)

Total Liabilities

$0 (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 Dec.
2024

Revenue

$12,706,267

Expenses

$8,975,161

Net Income

$3,731,106

Net Assets

$210,882,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,232,440	9.7%
Dividends	$11,473,827	90.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,825,657	98.3%
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	$210,882,381
Total Liabilities	$0
Net Assets	$210,882,381

Compensation

Key Employees and Officers	Compensation	Other
Bharat Desai (Trustee, President)	$0	$0
Neerja Sethi (Trustee, Vp, Secretary, Treasurer)	$0	$0
Saahill Desai (Trustee)	$0	$0
Pia Desai (Trustee)	$0	$0

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990-PF

Filed on Oct. 3, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$11,847,310

Expenses

$8,236,365

Net Income

$3,610,945

Net Assets

$191,034,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,344,568	11.3%
Dividends	$10,502,742	88.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,800,794	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	$191,034,501
Total Liabilities	$0
Net Assets	$191,034,501

Compensation

Key Employees and Officers	Compensation	Other
Bharat Desai (Trustee, President)	$0	$0
Neerja Sethi (Trustee, Vp, Secretary, Treasurer)	$0	$0
Saahill Desai (Trustee)	$0	$0
Pia Desai (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$6,705,349

Expenses

$10,779,847

Net Income

-$4,074,498

Net Assets

$165,858,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,085,597	16.2%
Dividends	$5,179,129	77.2%
Sales of Assets	$440,623	6.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,422,727	96.7%
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	$165,858,321
Total Liabilities	$0
Net Assets	$165,858,321

Compensation

Key Employees and Officers	Compensation	Other
Bharat Desai (Trustee, President)	$0	$0
Neerja Sethi (Trustee, Vp, Secretary, Treasurer)	$0	$0
Saahill Desai (Trustee)	$0	$0
Pia Desai (Trustee)	$0	$0

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990-PF

Filed on Oct. 27, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,385,395

Expenses

$9,399,002

Net Income

-$8,013,607

Net Assets

$183,651,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$70,921	5.1%
Dividends	$1,150,279	83.0%
Sales of Assets	$164,195	11.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,212,002	98.0%
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	$183,651,055
Total Liabilities	$0
Net Assets	$183,651,055

Compensation

Key Employees and Officers	Compensation	Other
Bharat Desai (Director)	$0	$0
Neerja Sethi (Director)	$0	$0
Pia Desai (Director)	$0	$0
Saahill Desai (Director)	$0	$0

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990-PF

Filed on Nov. 11, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,266,230

Expenses

$10,571,315

Net Income

-$9,305,085

Net Assets

$190,288,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,107,274	87.4%
Dividends	$59,479	4.7%
Sales of Assets	$99,477	7.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,571,315	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	$190,288,686
Total Liabilities	$1
Net Assets	$190,288,685

Compensation

Key Employees and Officers	Compensation	Other
Bharat Desai (Director)	$0	$0
Neerja Sethi (Director)	$0	$0
Pia Desai (Director)	$0	$0
Saahill Desai (Director)	$0	$0

+ View more people

990-PF

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$3,927,296

Expenses

$5,737,773

Net Income

-$1,810,477

Net Assets

$199,683,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,923,882	99.9%
Dividends	$0
Sales of Assets	$3,414	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,667,773	98.8%
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	$199,683,778
Total Liabilities	$0
Net Assets	$199,683,778

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

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.
2017

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.
2016

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.
2015

Revenue

$7,290,431

Expenses

$5,120,600

Net Income

$2,169,831

Net Assets

$111,610,973

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,722	0.1%
Dividends	$0
Sales of Assets	$7,284,709	99.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,348,601	> 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	$111,610,973
Total Liabilities	$0
Net Assets	$111,610,973

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$700,882

Expenses

$2,275,889

Net Income

-$1,575,007

Net Assets

$109,441,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,749	0.2%
Dividends	$0
Sales of Assets	$699,133	99.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,216,075	> 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	$109,441,142
Total Liabilities	$0
Net Assets	$109,441,142

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$37,785,949

Expenses

$3,992,085

Net Income

$33,793,864

Net Assets

$111,016,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,094,500	92.9%
Interest Revenue	$2,831	0.0%
Dividends	$0
Sales of Assets	$2,688,618	7.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,858,352	96.7%
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	$111,016,149
Total Liabilities	$0
Net Assets	$111,016,149

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$35,496,313

Expenses

$2,905,670

Net Income

$32,590,643

Net Assets

$77,222,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$31,026,500	87.4%
Interest Revenue	$490	0.0%
Dividends	$4,186,013	11.8%
Sales of Assets	$0
Other Income	$283,310	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,904,250	100.0%
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	$77,222,285
Total Liabilities	$0
Net Assets	$77,222,285

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$591,687

Expenses

$1,300,669

Net Income

-$708,982

Net Assets

$44,631,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$645	0.1%
Dividends	$276,887	46.8%
Sales of Assets	$0
Other Income	$314,155	53.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,291,149	99.3%
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	$44,631,642
Total Liabilities	$0
Net Assets	$44,631,642

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

Fiscal Year Ending Dec.
2007

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.
2006

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.
2005

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.
2004

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.
2003

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

What Is This Data?

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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Ds Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $12.7M (2024)

Expenses $8.98M (2024)

Total Assets $211M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Document Links

990-PF

Fiscal Year Ending Dec. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$12.7M (2024)

Expenses

$8.98M (2024)

Total Assets

$211M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003