Civic Intelligence

Jeet Patel Foundation Inc.

EIN 87-0944079 • 501(c)3 • Wallingtonford, CT

Pub. 78 Eligible990-N Coverage

Profile

The purpose of this organizzation is to set up a private foundation, controlled by a family, who will give scholarship to needy college studentsand help in tuition fees.

2 Shire DriveWallingtonford, CT 06492

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

83rd percentile

34%

Higher net margin than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-82%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$61,192

Up $6,586 (+12%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$61,192

Up $6,586 (+12%) from 2021

Operations
Liabilities / RevenueScore unavailableNet Margin83rd percentile

Revenue

Down

$19,361

Down $86,245 (-82%) from 2021

Expenses

Down

$12,775

Down $38,225 (-75%) from 2021

Net Income

Down

$6,586

Down $48,020 (-88%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2021: $54,606Net Assets 2021: $54,6062021Assets 2022: $61,192Net Assets 2022: $61,1922022

Highlighted filing

2022

Assets$61,192
Liabilities-
Net Assets$61,192
Open 2022 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2021: $105,606Expenses 2021: $51,000Net Income 2021: $54,6062021Revenue 2022: $19,361Expenses 2022: $12,775Net Income 2022: $6,5862022

Highlighted filing

2022

Revenue$19,361
Expenses$12,775
Net Income$6,586
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$61,192
Liabilities
-
Net assets
$61,192
Revenue
$19,361
Expenses
$12,775
Net income
$6,586
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.61$0.19$0.13$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.55$1.06$0.51$0.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 30, 2023
Return Version
2022v5.0
Gross Receipts
$19,361
Mission and Program Overview

Mission

The purpose of this organizzation is to set up a private foundation, controlled by a family, who will give scholarship to needy college studentsand help in tuition fees.

Program Services

DescriptionGrantsExpenses
The purpose of the corporation is exclusively for charitable, artistic, educational, and scientific purpose, including, for such purposes , the making of distributions that qualify as exempt orgainizations under section 501(c)(3)of the internal revenue code.-$12,775
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
YASH PATELPresident-$0--
Filing and Contact Details

Filer

Filer Name
Jeet Patel Foundation Inc
EIN
87-0944079
Phone
2036762211
Address
2 SHIRE DRIVE, WALLINGTONFORD, CT 06492

Signing Officer

Name
Yash Patel
Title
President
Signed
2023-10-30
Discuss with paid preparer
Yes

Preparer

Firm
Panchamia CPA PC
Address
38 Kings Lane, Manhasset Hills, NY 11040
Preparer
Kirit Panchamia
Phone
5164144444
Supplemental Narrative

Additional Explanations

Other Revenue.1

“$1001”

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: NORWICH UNIVERSITY | Donee's Address: 158 HARMON DRIVE NORTHFIELD VT 05663 | Cash Amount Given: $10000”

Raw XML Appendix123 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0YASH PATEL
IRS990EZ/BooksInCareOfDetail/PhoneNum02036762211
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02 SHIRE DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WALLINGTONFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006492
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt054606
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt061192
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt018360
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt06586
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0275
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt054606
IRS990EZ/Form990TotalAssetsGrp/EOYAmt061192
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt012500
IRS990EZ/GrossReceiptsAmt019361
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt054606
IRS990EZ/NetAssetsOrFundBalancesEOYAmt061192
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt054606
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt061192
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0YASH PATEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0true
IRS990EZ/OrganizationHadUBIInd0true
IRS990EZ/OtherRevenueTotalAmt01001
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The purpose of this organizzation is to set up a private foundation, controlled by a family, who will give scholarship to needy college studentsand help in tuition fees.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The purpose of the corporation is exclusively for charitable, artistic, educational, and scientific purpose, including, for such purposes , the making of distributions that qualify as exempt orgainizations under section 501(c)(3)of the internal revenue code.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012775
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt012775
IRS990EZ/TotalProgramServiceExpensesAmt012775
IRS990EZ/TotalRevenueAmt019361
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt016999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0122576
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0122576
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105577
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0122576
IRS990ScheduleA/TotalSupportAmt0122576
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0$1001
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: NORWICH UNIVERSITY | Donee's Address: 158 HARMON DRIVE NORTHFIELD VT 05663 | Cash Amount Given: $10000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0YASH PATEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JEET PATEL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0JEET
ReturnHeader/Filer/EIN0870944079
ReturnHeader/Filer/PhoneNum02036762211
ReturnHeader/Filer/USAddress/AddressLine1Txt02 SHIRE DRIVE
ReturnHeader/Filer/USAddress/CityNm0WALLINGTONFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006492
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0113639019
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Panchamia CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt038 Kings Lane
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Manhasset Hills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011040
ReturnHeader/PreparerPersonGrp/PhoneNum05164144444
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kirit Panchamia
ReturnHeader/ReturnTs02023-10-30T11:57:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0YASH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATEL
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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