Kanakia Foundation

Green Cove Springs, FL
Tax-exempt since Oct. 2000
EIN: 52-2208477

Receive an email when new data is available for this organization.

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: Social Science Research Institutes, Services / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Revenue

$423k (2024)

Expenses

$447k (2024)

Total Assets

$86.9k (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 Dec.
2024

Revenue

$422,777

Expenses

$447,406

Net Income

-$24,629

Net Assets

$86,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$53,912	12.8%
Interest Revenue	$9	0.0%
Dividends	$2,281	0.5%
Sales of Assets	$366,575	86.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$430,000	96.1%
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	$86,917
Total Liabilities	$0
Net Assets	$86,917

Compensation

Key Employees and Officers	Compensation	Other
Hemant Kanakia (Director)	$0	$0
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0

990-PF

Filed on Sept. 20, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$594,449

Expenses

$458,224

Net Income

$136,225

Net Assets

$111,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$319,334	53.7%
Interest Revenue	$20	0.0%
Dividends	$2,824	0.5%
Sales of Assets	$272,271	45.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$450,000	98.2%
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	$111,546
Total Liabilities	$0
Net Assets	$111,546

Compensation

Key Employees and Officers	Compensation	Other
Hemant Kanakia (Director)	$0	$0
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0

990-PF

Filed on May 14, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$989,895

Expenses

$405,675

Net Income

$584,220

Net Assets

$747,213

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$778,712	78.7%
Interest Revenue	$25	0.0%
Dividends	$3,158	0.3%
Sales of Assets	$208,000	21.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$405,000	99.8%
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	$747,213
Total Liabilities	$0
Net Assets	$747,213

Compensation

Key Employees and Officers	Compensation	Other
Hemant Kanakia (Director)	$0	$0
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0

990-PF

Filed on Oct. 4, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$168,860

Expenses

$17,968

Net Income

$150,892

Net Assets

$162,993

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$168,323	99.7%
Interest Revenue	$4	0.0%
Dividends	$533	0.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,000	27.8%
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	$162,993
Total Liabilities	$0
Net Assets	$162,993

Compensation

Key Employees and Officers	Compensation	Other
Hemant Kanakia (Director)	$0	$0
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0

990-PF

Filed on Sept. 27, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$62,252

Expenses

$256,679

Net Income

-$194,427

Net Assets

$12,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	0.0%
Dividends	$144	0.2%
Sales of Assets	$62,083	99.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$255,000	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	$12,101
Total Liabilities	$1
Net Assets	$12,100

Compensation

Key Employees and Officers	Compensation	Other
Hemant Kanakia (Director)	$0	$0
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0

990-PF

Filed on Nov. 12, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$54,050

Expenses

$324,287

Net Income

-$270,237

Net Assets

$206,527

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$85	0.2%
Dividends	$7,218	13.4%
Sales of Assets	$46,747	86.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$315,000	97.1%
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	$206,528
Total Liabilities	$1
Net Assets	$206,527

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on Nov. 10, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$34,315

Expenses

$134,966

Net Income

-$100,651

Net Assets

$476,765

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$20	0.1%
Dividends	$11,364	33.1%
Sales of Assets	$22,931	66.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,470	95.2%
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	$476,765
Total Liabilities	$0
Net Assets	$476,765

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on May 13, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$75,044

Expenses

$20,789

Net Income

$54,255

Net Assets

$577,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$155	0.2%
Interest Revenue	$6	0.0%
Dividends	$11,278	15.0%
Sales of Assets	$63,605	84.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,000	48.1%
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	$577,416
Total Liabilities	$0
Net Assets	$577,416

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on Nov. 1, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$20,228

Expenses

$96,134

Net Income

-$75,906

Net Assets

$523,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$12,073	59.7%
Sales of Assets	$8,151	40.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$86,815	90.3%
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	$523,161
Total Liabilities	$0
Net Assets	$523,161

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on May 15, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$25,976

Expenses

$34,331

Net Income

-$8,355

Net Assets

$599,067

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$9,499	36.6%
Sales of Assets	$16,473	63.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,800	81.0%
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	$599,067
Total Liabilities	$0
Net Assets	$599,067

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on April 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

$25,138

Expenses

$9,549

Net Income

$15,589

Net Assets

$607,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$11,172	44.4%
Sales of Assets	$13,962	55.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,000	52.4%
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	$607,422
Total Liabilities	$0
Net Assets	$607,422

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on Nov. 10, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$20,740

Expenses

$99,232

Net Income

-$78,492

Net Assets

$591,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$10,539	50.8%
Sales of Assets	$10,195	49.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$83,500	84.1%
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	$591,833
Total Liabilities	$0
Net Assets	$591,833

Compensation

Key Employees and Officers	Compensation	Other
Sonalde Desai (Director)	$0	$0
Bhanuben Kanakia (Director)	$0	$0
Hemant Kanakia (Director)	$0	$0

990-PF

Filed on Nov. 10, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$14,141

Expenses

$24,059

Net Income

-$9,918

Net Assets

$670,324

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$10,891	77.0%
Sales of Assets	$3,250	23.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,116	96.1%
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	$670,325
Total Liabilities	$1
Net Assets	$670,324

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$15,040

Expenses

$17,045

Net Income

-$2,005

Net Assets

$680,242

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2	0.0%
Dividends	$11,730	78.0%
Sales of Assets	$3,308	22.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$16,580	97.3%
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	$680,243
Total Liabilities	$1
Net Assets	$680,242

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.

Which Organizations Are Here?

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 26, 2026

Kanakia Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $423k (2024)

Expenses $447k (2024)

Total Assets $86.9k (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

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

Revenue

$423k (2024)

Expenses

$447k (2024)

Total Assets

$86.9k (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

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001