Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
RAVI AND NAINA PATEL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6501 TRUXTUN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BAKERSFIELD, CA93309
A Employer identification number

77-0490360
B Telephone number (see instructions)

(661) 322-2206
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$31,141,283J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 2,830,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 16,482 16,450  
4 Dividends and interest from securities... 108,336 108,336  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -1,957,175
b Gross sales price for all assets on line 6a 17,615,664
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 434,731
b Less: Cost of goods sold.... 231,288
c Gross profit or (loss) (attach schedule)..... 203,443  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
435,044 432,907  
12 Total. Add lines 1 through 11........ 1,636,130 557,693  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 60,000 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
29,693 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
683 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
378,749 161,763   28,770
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 469,125 161,763   28,770
25 Contributions, gifts, grants paid....... 1,585,776 1,585,776
26 Total expenses and disbursements. Add lines 24 and 25 2,054,901 161,763   1,614,546
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -418,771
b Net investment income (if negative, enter -0-) 395,930
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,847,287 4,438,930 4,438,930
2 Savings and temporary cash investments......... 1,466,100 3,161,090 3,161,090
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 28,033,810 Click to see attachment
List of Attached Documents:
// Content
24,252,665 		23,541,263
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,701 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,352,898 31,852,685 31,141,283
Liabilities 17 Accounts payable and accrued expenses..........   1,877
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
282,583 		Click to see attachment
List of Attached Documents:
// Content
651,630
23 Total liabilities (add lines 17 through 22)......... 282,583 653,507
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 32,070,315 31,199,178
29 Total net assets or fund balances (see instructions)..... 32,070,315 31,199,178
30 Total liabilities and net assets/fund balances (see instructions). 32,352,898 31,852,685
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
32,070,315
2
Enter amount from Part I, line 27a .....................
2
-418,771
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,651,544
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
452,366
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,199,178
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a MERRILL LYNCH #4124 P 2015-11-10 2022-09-12
b JP MORGAN #2255 P 2018-08-20 2022-01-07
c CHARLES SCHWAB #8998 P 2022-01-25 2022-02-10
d CHARLES SCHWAB #8998 P 2021-04-14 2022-05-04
e BREP VII COMMERCIAL REAL ESTATE P 2022-01-01 2022-12-31
FRANCISCO PARTNERS III, L.P. P 2022-01-01 2022-12-31
FRANCISCO PARTNERS III (CAYMAN) P 2022-01-01 2022-12-31
WW OLYMPUS OPPORTUNITY FUND II P 2022-01-01 2022-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 39,904   30,842 9,062
b 4,595   4,844 -249
c 12,224,184   14,287,206 -2,063,022
d 5,339,535   5,249,947 89,588
e 1,989     1,989
5,404     5,404
9     9
44     44
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       9,062
b       -249
c       -2,063,022
d       89,588
e       1,989
      5,404
      9
      44
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -1,957,175
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2022)
Form 990-PF (2022)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 5,503
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 5,503
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 5,503
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 14,271
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 14,271
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 8,768
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow8,768 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 5
Part VI-A
Statements Regarding Activities (continued)
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowPRITESH PATEL Telephone no.right arrow (661) 322-2206

Located atright arrow6501 TRUXTUN AVENUEBAKERSFIELDCA ZIP+4right arrow93309
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2022? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2022 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2022.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
RAVI PATEL PRESIDENT / DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
NAINA PATEL VICE PRESIDENT / SECRETARY / DIRECTOR
5.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
AMAR PATEL PRESIDENT / DIRECTOR
10.00 		60,000 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
PRITESH PATEL CFO / DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
NEERAJ RAMA DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
RISHI PATEL DIRECTOR
2.00 		0 0 0
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A 0
2  
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
0
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
24,031,433
b
Average of monthly cash balances.......................
1b
3,689,155
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
27,720,588
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
27,720,588
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
415,809
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
27,304,779
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,365,239
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,365,239
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,503
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
646
c
Add lines 2a and 2b............................
2c
6,149
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,359,090
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,359,090
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,359,090
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,614,546
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,614,546
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 1,359,090
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021...... 1,423,005
f Total of lines 3a through e ........ 1,423,005
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 1,614,546
a Applied to 2021, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2022 distributable amount..... 1,359,090
e Remaining amount distributed out of corpus 255,456
5 Excess distributions carryover applied to 2022. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,678,461
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		1,678,461
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021.... 1,423,005
e Excess from 2022.... 255,456
Form 990-PF (2022)
Form 990-PF (2022)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2022, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
PRITESH PATEL
6501 TRUXTUN AVENUE
BAKERSFIELD,CA93309
(661) 322-2206
bThe form in which applications should be submitted and information and materials they should include:
LETTER FORMAT
cAny submission deadlines:
N/A
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
N/A
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALL 4 HUMANITY ALLIANCE

7600 VICTORIA DR
VICTORIA,MN55386 		  CHARITY GENERAL SUPPORT 5,001

ALLIANCE AGAINST FAMILY VIOLENCE

1921 19TH STREET
BAKERSFIELD,CA93301 		  CHARITY FOR ASSISTANCE IN FIGHTING DOMESTIC VIOLENCE AND SEXUAL ASSAULT 22,500

ALLIANCE FOR PTSD RECOVERY

1000 PURUSHA PLACE SUITE 314
WEST VIRGINIA,WV26757 		  CHARITY PROVIDES THE NEWS OF A NEW STRATEGY THAT RAPIDLY AND EFFECTIVELY REDUCES POST-TRAUMATIC STRESS DISORDER. 3,000

BAKERSFIELD CENTRAL HISPANIC SDA CHURCH

2350 S CHESTER AVE
BAKERSFIELD,CA93304 		  CHARITY TO PROVIDE COMMUNITY DEVELOPMENT AND DISASTER RELIEF. 50,000

BAKERSFIELD COLLEGE FOUNDATION

1801 PANORAMA DRIVE
BAKERSFIELD,CA93305 		  CHARITY ACADEMIC SUPPORT. 3,000

BAKERSFIELD HOMELESS CENTER

1600 EAST TRUXTUN AVENUE
BAKERSFIELD,CA93309 		  CHARITY MEALS FOR THE HOMELESS 40,897

BAKERSFIELD HOMELESS CENTER

1600 EAST TRUXTUN AVENUE
BAKERSFIELD,CA93309 		  CHARITY FOR HOMELESS AND POOR TO EQUIP THEM FOR SELF-SUFFICIENT & PRODUCTIVE FUTURE 22,500

BAKERSFIELD MAGIC

3825 RIVER LAKES DRIVE
BAKERSFIELD,CA93312 		  CHARITY GENERAL SUPPORT. 1,000

CASA OF KERN COUNTY

1717 COLUMBUS ST
BAKERSFIELD,CA93305 		  CHARITY TO GIVE SUPPORT TO CHILDREN IN THE JUVENILE COURT PROCESS. 5,000

CATHOLIC CHARITIES

825 CHESTER AVE
BAKERSFIELD,CA93301 		  CHARITY GENERAL SUPPORT. 60,000

CHINMAYA MISSION

1723 COUNTRY BREEZE PL
BAKERSFIELD,CA93312 		  CHARITY TO PROVIDE TO INDIVIDUALS FROM ANY BACKGROUND, THE WISDOM OF VENDANTA AND THE PRACTICAL MEANS FOR SPIRITUAL GROWTH AND HAPPINESS, ENABLING THEM TO BECOME POSITIVE CONTRIBUTORS TO SOCIETY 20,000

EKAL VIDYALAYA FOUNDATION OF USA

PO BOX 821369
HOUSTON,TX77282 		  CHARITY GENERAL SUPPORT. 5,000

FRESNO STATE FOUNDATION

4910 N CHESTNUT AVE
FRESNO,CA93726 		  CHARITY ACADEMIC SUPPORT. 500,000

FRIENDS OF MERCY FOUNDATION

551 SHANLEY COURT
BAKERSFIELD,CA93311 		  CHARITY RAISING AND ADMINISTERING PHILANTHROPIC FUNDS FOR OUR MANY WORTHY PROGRAMS, SERVICES, AND OUTREACH ACTIVITIES IN A MANNER CONSISTENT WITH OUR VALUES AND GOALS 200,000

GLOBAL FAMILY CARE NETWORK

8701 SWIGERT CT
BAKERSFIELD,CA93311 		  CHARITY FOR INITIATIVES TO SUPPORT CHILDREN WHO ARE VICTIMS OF POVERTY, EXPLOITATION, AND ABUSE. 1,750

HINDU AMERICAN FOUNDATION

6700 VALLEYVIEW DRIVE
BAKERSFIELD,CA93306 		  CHARITY GENERAL SUPPORT 20,001

INTERFAITH AMERICA

141 W JACKSON BLVD STE 320
CHICAGO,IL60604 		  CHARITY GENERAL SUPPORT 1,000

INTERNATIONAL RESCUE COMMITTEE

625 N MARYLAND AVE
GLENDALE,CA91206 		  CHARITY ENSURE CIVILIANS RECEIVE THE EMERGENCY AID THEY DESPERATELY NEED. 200,000
JANET RODRIGUEZ


10270 ARROW ROCK AVE
SAN DIEGO,CA92126 		NONE INDIVIDUAL EDUCATION GRANT RECIPIENT 6,100

NATIONAL CENTER FOR FAMILY PHILANTHROPY

1667 K ST NW SUITE 350
WASHINGTON,DC20006 		  CHARITY GENERAL SUPPORT. 1,500

NO PAWS LEFT BEHIND

PO BOX 20970
BAKERSFIELD,CA93390 		  CHARITY TO SAVE ADOPTABLE ANIMALS FROM KERN COUNTY SHELTERS WHO ARE IN DANGER OF BEING EUTHANIZED DUE TO OVERCROWDED FACILITIES 2,000

RODALE INSTITUTE CALIFORNIA ORGANIC CENTER

1014 W VENTURA BLVD
CAMARILLO,CA93010 		  CHARITY GENERAL SUPPORT. 175,000

SWEET SPRINGS PRODUCTIONS

5831 SUMMIT STREET
SHAWNEE,KS66216 		  CHARITY GENERAL SUPPORT 5,000

THE UNIVERSITY OF TENNESSEE HEALTH SCIENCE CENTER

920 MADISON AVE
MEMPHIS,TN93816 		  CHARITY ACADEMIC SUPPORT. 10,027

TREE FOUNDATION OF KERN

PO BOX 2871
BAKERSFIELD,CA93303 		  CHARITY TO IMPROVE LIFE IN KERN COUNTY BY TEACHING RESIDENTS HOW TO PLANT AND CARE FOR TREES. 500

U S FUND FOR UNICEF

101 MONTGOMERY ST 625
SAN FRANCISCO,CA94104 		  CHARITY PROVIDING CHILDREN WITH SUPPLIES AND ASSISTANCE. 225,000
Total .................................right arrow 3a 1,585,776
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2022)
Form 990-PF (2022)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		  32 14 16,450  
4 Dividends and interest from securities ....     14 108,336  
5 Net rental income or (loss) from real estate:
aDebt-financed property...... 531190        
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....         435,044
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -1,957,175  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory 722514 203,443      
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 203,475 -1,832,389 435,044
13Total. Add line 12, columns (b), (d), and (e)..................
13
-1,193,870
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
7 N/A
Form 990-PF (2022)
Form 990-PF (2022)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
RAVI AND NAINA PATEL FOUNDATION
 
Employer identification number

77-0490360
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number
77-0490360
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
RAVI PATEL MD INC DBA CBCC
 
6501 TRUXTON AVENUE
 
BAKERSFIELD, CA93309

$ 2,750,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
SHRI PADMAVATI SHAKTI PEETH INC
 
1 MANSION HILLS DR
 
SYOSSET, NY11791

$ 60,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
KIRIT NAIK
 
892 CHATHAM DRIVE
 
CARL STREAM, IL60188

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
GIRISH N DESAI
 
12001 FESSLER LN
 
BAKERSFIELD, CA93311

$ 5,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number

77-0490360
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
RAVI AND NAINA PATEL FOUNDATION
  		Employer identification number

77-0490360
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AllOthProgRltdInvestmentsSch
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount
NONE 0

TY 2022 InvestmentsOtherSchedule2
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
N/R ASHISH DESAI AT COST 600,000 600,000
JP MORGAN #2255 AT COST 510,751 842,232
MERRILL LYNCH #4124 AT COST 1,563,381 2,427,197
SCHWAB #8998 AT COST 16,844,329 14,104,143
UBS # 2653 AT COST 311,862 1,160,919
AKIDO LABS, INC. AT COST 1,749,996 1,749,996
BREP VII COMMERCIAL REAL ESTATE AT COST 273,639 246,106
FRANCISCO PARTNERS III, L.P. AT COST 16,043 22,360
FRANCISCO PARTNERS III (CAYMAN) AT COST 211,693 277,734
FRANCISCO PARTNERS III (DOMESTI AT COST 35,977 132,136
ROCKET GLOBAL INNOVATION FUND AT COST 509,628 509,628
WW CAPE HOUSE INVESTORS LLC AT COST 28,017 28,017
WW MULTISTATE TRADEWINDS LLC AT COST 12,679 12,679
WW OLYMPUS OPPORTUNITY FUND II AT COST 37,926 38,220
WW OLYMPUS PROPERTY IV LLC AT COST 49,811 19,726
WW OLYMPUS PROPERTY V LLC AT COST 14,076 1,053
WW OLYMPUS PROPERTY VI LLC AT COST 20,772 18,781
WCW MULTISTATE WALDEN LLC AT COST 301 301
TOKAMAK INVESTORS LLC AT COST 493,023 493,760
EDUCATION LOAN - AMRITA DESAI AT COST 788,084 788,084
WW OLYMPUS MT JULIET LLC AT COST 94,364 2,762
WW OLYMPUS MOSAIC LLC AT COST 27,209 27,209
OLYMPUS OPPORTUNITY FUND 4 AT COST 59,104 38,220

TY 2022 LegalFeesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL AND ACCOUNTING 29,693 0   0


TY 2022 OtherAssetsSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSIT 5,701 0 0


TY 2022 OtherDecreasesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Amount
PRIOR PERIOD ADJUSTMENT 452,366


TY 2022 OtherExpensesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
60% CHARITABLE CONTRIBUTIONS FROM PASSTHROUGHS 140 0   0
COMMUNITY AWARENESS/DINNER FOR HOMELESS 11,109 0   11,109
INVESTMENT FEES 29,203 29,203   0
MISCELLANEOUS EXPENSE 47 0   47
NONDEDUCTIBLE EXPENSES FROM PASSTHROUGHS 378 378   0
OTHER EXPENSES - UBIT 299,955 0   0
OTHER EXPENSES FROM PASSTHROUGHS 14,839 14,839   0
OUTSIDE SERVICES 16,607 0   16,607
NET RENTAL REAL ESTATE LOSS FROM PASSTHROUGHS 5,464 117,343   0
LICENSES AND PERMITS 420 0   420
DUES AND SUBSCRIPTIONS 252 0   252
POSTAGE AND DELIVERY 335 0   335


TY 2022 OtherIncomeSchedule2
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME FROM PASSTHROUGHS -44,354 -44,354 -44,354
SECTION 1231 GAIN FROM PASSTHROUGHS 478,586 478,586 478,586
ORDINARY INCOME FROM PASSTHROUGHS 812 -1,325 812


TY 2022 OtherLiabilitiesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT BALANCE IN INVESTMENT - WW MULTISTATE PROPERTIES I LLC 148,357 153,874
CREDIT BALANCE IN INVESTMENT - WW PRESERVE INVESTORS, LLC 23,789 29,618
CREDIT BALANCE IN INVESTMENT - WW ROSEMEADE INVESTORS, LLC 17,793 20,590
CREDIT BALANCE IN INVESTMENT - WW CACTUS 88 HOLDINGS, LLC 0 1,947
CREDIT BALANCE IN INVESTMENT - WW ROSS AVENUE LP 0 494
CREDIT BALANCE IN INVESTMENT - WW ELEVATION PROPERTY LP 0 1,075
CREDIT BALANCE IN INVESTMENT - WW OLYMPUS MIDTOWN 0 2,221
CREDIT BALANCE IN INVESTMENT - WW UNION MIDTOWN 0 3,085
CREDIT BALANCE IN INVESTMENT - WW WOODBRIDGE LP 0 751
CREDIT BALANCE IN INVESTMENT - WW KATY RANCH ROAD LP 0 8,139
CREDIT BALANCE IN INVESTMENT - WW OLYMPUS 7TH STREET 0 927
CREDIT BALANCE IN INVESTMENT - WW RENAISSANCE INVESTORS, LLC 489 1,869
CREDIT BALANCE IN INVESTMENT - WW WESTOVER INVESTORS, LLC 426 4,080
CREDIT BALANCE IN INVESTMENT - WCW DAVIS INVESTOR LLC 0 594
CREDIT BALANCE IN INVESTMENT - ALLOWANCE - EDUCATIONAL LOANS 0 422,366
CREDIT BALANCE IN INVESTMENT - WW OLYMPUS MT JULIET LLC 91,602 0
OTHER CURRENT LIABILITIES 127 0


TY 2022 TaxesSchedule
Name:
RAVI AND NAINA PATEL FOUNDATION
EIN:
77-0490360
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 323 0   0
FEDERAL TAX 360 0   0