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THE SWAMINATHAN AND GARG FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
THE SWAMINATHAN AND GARG FOUNDATION (EIN 30-0405066)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-12
IRS object ID
202403179349102500
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-12T13:51:19-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200066212PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COREFOCALBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line124610 DETROIT ROAD SUITE 150AddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP441452543ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN300405066EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE SWAMINATHAN AND GARG FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSWAMBusinessNameControlTxt
Phone4408921317PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line128853 WOODMILL DRIVEAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44145ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSANJAY GARGPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4408921317PhoneNum
Signature2024-11-05SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJAMES T GUZOWSKI CPAPreparerPersonNm
PTINP00324727PTIN
Phone4403489200PhoneNum
Preparation2024-11-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$645,740FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$31,355ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$1,204InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$1,204InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$11,978DividendsRevAndExpnssAmt
Dividends Net Invst Incm$11,978DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$13,309NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$319,017GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$7,182CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$31,228TotalRevAndExpnssAmt
Total Net Invst Incm$20,364TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,450AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,450AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,975OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,013OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$6,425TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,463TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$30,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$30,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$37,125TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,463TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$30,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$5,897ExcessRevenueOverExpensesAmt
Net Investment Income$14,901NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$24,439CashBOYAmt
Cash EOY$17,627CashEOYAmt
Cash EOYFMV$17,627CashEOYFMVAmt
Sav And Temp Cash Invst BOY$30,478SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$39,722SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$39,722SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$542,318CorporateStockBOYAmt
Corporate Stock EOY$533,989CorporateStockEOYAmt
Corporate Stock EOYFMV$588,391CorporateStockEOYFMVAmt
Total Assets BOY$597,235TotalAssetsBOYAmt
Total Assets EOY$591,338TotalAssetsEOYAmt
Total Assets EOYFMV$645,740TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$597,235RetainedEarningBOYAmt
Retained Earning EOY$591,338RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$597,235TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$591,338TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$597,235TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$591,338TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$597,235TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$5,897ExcessRevenueOverExpensesAmt
Subtotal$591,338SubtotalAmt
Tot Net Ast Or Fund Balances EOY$591,338TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$7,182CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$207InvestmentIncomeExciseTaxAmt
Subtotal$207SubtotalAmt
Tax Based On Investment Income$207TaxBasedOnInvestmentIncomeAmt
Tax Due$207TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSANJAY GARGIndividualWithBooksNm
Phone4405901261PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line128853 WOODMILL DRIVEAddressLine1Txt
CityWESTLAKECityNm
State AbbreviationOHStateAbbreviationCd
ZIP44145ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SANJAY GARG
28853 WOODMILL DRIVEWESTLAKEOH44145PRESIDENT0.50$0$0$0
MALAVIKA N GARG
28853 WOODMILL DRIVEWESTLAKEOH44145VICE PRESIDE0.50$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$541,207AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$24,907AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$566,114TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$566,114AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,492CashDeemedCharitableAmt
Net Vl Noncharitable Assets$557,622NetVlNoncharitableAssetsAmt
Minimum Investment Return$27,881MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$27,881MinimumInvestmentReturnAmt
Tax Based On Investment Income$207TaxBasedOnInvestmentIncomeAmt
Total Tax$207TotalTaxAmt
Distributable Before Adj$27,674DistributableBeforeAdjAmt
Distributable Before Ded$27,674DistributableBeforeDedAmt
Distributable As Adjusted$27,674DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$30,700ExpensesAndContributionsAmt
Qualifying Distributions$30,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$27,674DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$86,053ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$19,525ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,195ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$22,558ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$130,331TotalExcessDistributionCyovAmt
Qualifying Distributions$30,700QualifyingDistributionsAmt
Applied To Current Year$27,674AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,026RemainingDistriFromCorpusAmt
Total Corpus$133,357TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$86,053ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$47,304ExcessDistriCyovToNextYrAmt
Excess From Year3$19,525ExcessFromYear3Amt
Excess From Year2$2,195ExcessFromYear2Amt
Excess From Year1$22,558ExcessFromYear1Amt
Excess From Current Year$3,026ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerSANJAY GARGContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line2RecipientUSAddress/AddressLine2Txt
HOMES OF HOPE INDIA
1413 HAWTHORNE ROADWILMINGTONNC28403NONE501(C)(3)CHARITABLE CONTRIBUTION$3,000
GO LAADLI
5200 IRON HORSE PARKWAYDUBLINCA94568NONE501(C)(3)CHARITABLE CONTRIBUTION$3,000APT 515
ST MARTIN DE PORRES
6202 ST CLAIR AVECLEVELANDOH44103NONE501(C)(3)CHARITABLE CONTRIBUTION$10,000
ST EDWARD HIGH SCHOOL
13500 DETROIT AVENUELAKEWOODOH44107NONE501(C)(3)CHARITABLE CONTRIBUTION$10,000
SOS CHILDREN'S VILLAGE
1620 I STREETWASHINGTONDC20006NONE501(C)(3)CHARITABLE CONTRIBUTION$4,700SUITE 200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$30,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,204ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$11,978ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$13,309ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion-$127ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$127TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp (2 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtNoncash ContributionNoncashContributionIndPerson ContributionPersonContributionInd
SANJAY MALAVIKA GARG
128853 WOODMILL DRIVEWESTLAKEOH44145$21,263Yes (X)
SAVINAY CHADRASEKHAR
24985 CLAY STREETDENVERCO80221$7,644Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyPUBLICLY-TRADED SECURITIESNoncashPropertyDesc
Fair Market Value$21,263FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$1,450Amt
Net Investment Income$1,450NetInvestmentIncomeAmt

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (2 entries)

AssetAssetDescHow AcquiredHowAcquiredTxtGross Sales PriceGrossSalesPriceAmtBasisBasisAmtTotal NetTotalNetAmt
NORTHWEST MUTUAL - DETAIL ON FILEPURCHASE$22,564$22,541$23
NORTHWEST MUTUAL - DETAIL ON FILEPURCHASE$289,271$309,785-$20,514

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
EOY Book Value$533,989EOYBookValueAmt
EOYFMV$588,391EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
FEES$400
FEDERAL TAXES$266
FOREIGN TAX PAID$296
INVESTMENT ADVISORY FEES$4,013$4,013

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