Civic Intelligence

Raina K Patel Foundation

990PF • Fiscal year 2023 • EIN 38-3246397

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization Profile
3008 Heron Pointe DriveBloomfield Hills, MI 48302

(248) 253-1651

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

34th percentile

0.00x

Higher debt load relative to revenue than 34% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-17187%

Higher net margin than 1% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$40,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 7797.3% of source-year revenue.

2023 filings • $1M-$5M nonprofits • Source year 2023

Asset Growth

19th percentile

-5.7%

Faster asset growth than 19% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$1,458,302

Down $88,167 (-5.7%) from 2022

Net Assets

Down

$1,458,302

Down $88,167 (-5.7%) from 2022

Liabilities

Flat

$1

Flat from 2022

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin1st percentile

Revenue

Down

$513

Down $41,310 (-99%) from 2022

Expenses

Down

$88,680

Down $32,420 (-27%) from 2022

Net Income

Down

-$88,167

Down $8,890 (-11%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $251,093Liabilities 2010: $0Net Assets 2010: $251,0932010Assets 2011: $472,495Liabilities 2011: $12011Assets 2012: $630,693Liabilities 2012: $0Net Assets 2012: $630,6932012Assets 2013: $800,069Liabilities 2013: $1Net Assets 2013: $800,0692013Assets 2014: $992,093Liabilities 2014: $1Net Assets 2014: $992,0932014Assets 2015: $1,121,667Liabilities 2015: $1Net Assets 2015: $1,121,6672015Assets 2016: $1,337,118Liabilities 2016: $0Net Assets 2016: $1,337,1182016Assets 2017: $1,562,760Liabilities 2017: $0Net Assets 2017: $1,562,7602017Assets 2018: $1,633,680Liabilities 2018: $0Net Assets 2018: $1,633,6802018Assets 2019: $1,514,162Liabilities 2019: $1Net Assets 2019: $1,514,1622019Assets 2020: $1,607,571Liabilities 2020: $1Net Assets 2020: $1,607,5712020Assets 2021: $1,625,746Liabilities 2021: $1Net Assets 2021: $1,625,7462021Assets 2022: $1,546,469Liabilities 2022: $1Net Assets 2022: $1,546,4692022Assets 2023: $1,458,302Liabilities 2023: $1Net Assets 2023: $1,458,3022023Assets 2024: $2,669,621Liabilities 2024: $0Net Assets 2024: $2,669,6212024

Highlighted filing

2023

Assets$1,458,302
Liabilities$1
Net Assets$1,458,302
Open 2023 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $802010Revenue 2011: $224,983Expenses 2011: $3,581Net Income 2011: $221,4022011Expenses 2012: $5,1752012Revenue 2013: $180,475Expenses 2013: $11,099Net Income 2013: $169,3762013Revenue 2014: $217,336Expenses 2014: $25,312Net Income 2014: $192,0242014Revenue 2015: $154,085Expenses 2015: $24,511Net Income 2015: $129,5742015Revenue 2016: $265,566Expenses 2016: $50,115Net Income 2016: $215,4512016Revenue 2017: $274,843Expenses 2017: $49,201Net Income 2017: $225,6422017Revenue 2018: $140,213Expenses 2018: $69,293Net Income 2018: $70,9202018Revenue 2019: $37,357Expenses 2019: $156,875Net Income 2019: -$119,5182019Revenue 2020: $211,384Expenses 2020: $117,975Net Income 2020: $93,4092020Revenue 2021: $94,300Expenses 2021: $76,125Net Income 2021: $18,1752021Revenue 2022: $41,823Expenses 2022: $121,100Net Income 2022: -$79,2772022Revenue 2023: $513Expenses 2023: $88,680Net Income 2023: -$88,1672023Revenue 2024: $1,058,811Expenses 2024: $102,496Net Income 2024: $956,3152024

Highlighted filing

2023

Revenue$513
Expenses$88,680
Net Income-$88,167
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RAINA K PATELManagerPT$40,000-$40,000
KIRIT C PATELPres/Treas-$0--
MALTI K PATELSecretary-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantROTARY EYE INSTITUTECHARITABLE & COMMUNITY SERVICESNON-PROFIT ORGANIZATDUDHIA TALAV, NAVSARI, IN$25,000
Paid GrantMAPICHARITABLE & COMMUNITY SERVICESCHARITABLE & COMMUNITY SERVICESNON-PROFIT ORGANIZATLATHRUP VILLAGE, MI, US$2,001
Filing and Contact Details

Filer

Filer Name
The Raina K Patel Foundation
EIN
38-3246397
Phone
2482531651
Address
3008 HERON POINTE DRIVE, BLOOMFIELD HILLS, MI 48302

Signing Officer

Name
Kirit Patel
Title
President/treasurer
Phone
2482531651
Signed
2024-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Patel & Associates Plc
Address
30200 TELEGRAPH ROAD SUITE 206, BINGHAM FARMS, MI 48025
Preparer
Sharad C Patel CPA
Phone
2485936800
Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd00
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd00
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd00
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd00
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd00
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IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd00
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990PF/StatementsRegardingActy4720Grp/SaleOrExchDisqualifiedPrsnInd00
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IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
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IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
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IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd01
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IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd00
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd00
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0MI
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd00
IRS990PF/StatementsRegardingActyGrp/PhoneNum02482531651
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd00
IRS990PF/StatementsRegardingActyGrp/Section4955ManagersTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section4955OrganizationTaxAmt00
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd00
IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd00
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IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt02001
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt125000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0MAPI
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/AddressLine1Txt0MALIBA NETRA SANKUL
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CityNm0DUDHIA TALAV
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientForeignAddress/CountryCd0IN
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt0NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientRelationshipTxt1NONE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt028235 SOUTHFIELD RD
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm0LATHRUP VILLAGE
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IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriApprvFutAmt00
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt027001
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt040821
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt026180
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt068743
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt067001
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt027922
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt026180
LegalFeesSchedule/LegalFeesGrp/AdjustedNetIncomeAmt00
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LegalFeesSchedule/LegalFeesGrp/DisbursementsCharitablePrpsAmt00
LegalFeesSchedule/LegalFeesGrp/LegalFeesAmt0285
LegalFeesSchedule/LegalFeesGrp/NetInvestmentIncomeAmt00
OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt050000
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0ESCROW DEPOSIT - CAELUM BIO-SCIENCES INC.
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYBookValueAmt050000
OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt050000
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0BROKER FEES & CHARGES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1LOSS ON GPB AUTOMOTIVE PORTFOLIO
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OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt011294
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt14049
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt00
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt10
TaxesSchedule/TaxesDetail/Amt074
TaxesSchedule/TaxesDetail/Amt11227
TaxesSchedule/TaxesDetail/CategoryTxt0FOREIGN
TaxesSchedule/TaxesDetail/CategoryTxt1IRS
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt10
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt10
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIRIT PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02482531651
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE RAINA K PATEL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RAIN
ReturnHeader/Filer/EIN0383246397
ReturnHeader/Filer/PhoneNum02482531651
ReturnHeader/Filer/USAddress/AddressLine1Txt03008 HERON POINTE DRIVE
ReturnHeader/Filer/USAddress/CityNm0BLOOMFIELD HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048302
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383422906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATEL & ASSOCIATES PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030200 TELEGRAPH ROAD SUITE 206
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BINGHAM FARMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048025
ReturnHeader/PreparerPersonGrp/PhoneNum02485936800
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHARAD C PATEL CPA
ReturnHeader/ReturnTs02024-11-13T12:02:40-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,458,302
Liabilities
$1
Net assets
$1,458,302
Revenue
$513
Expenses
$88,680
Net income
-$88,167
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$1.06$0.10$0.96
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.00$0.09$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.00$1.55$0.04$0.12$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.09$0.08$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.21$0.12$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.04$0.16$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$0.14$0.07$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.27$0.05$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.27$0.05$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.15$0.02$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.22$0.03$0.19
2013Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.18$0.01$0.17
2012Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.01
2011Summary only. Only limited summary data is available for this year.$0.47$0.00$0.22$0.00$0.22
2010Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.00