GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202413209349108161
Schema version
2023v5.1
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)
Return2024-11-15T15:57:29-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043127460PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHAH DIXIT & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1113 TERRACE HALL AVE Suite 2AddressLine1Txt
CityBurlingtonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01803ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043495952EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GOYAL FAMILY CHARITABLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGOYABusinessNameControlTxt
Phone6172441420PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line140 NOUVELLE WAY 1041AddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAJ K GOYALPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAsha DixitPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum
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$1,455,323FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$93InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$93InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$93InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$17,691DividendsRevAndExpnssAmt
Dividends Net Invst Incm$17,691DividendsNetInvstIncmAmt
Dividends Adj Net Incm$17,691DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$6,616NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$106,785GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$6,616CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$24,400TotalRevAndExpnssAmt
Total Net Invst Incm$24,400TotalNetInvstIncmAmt
Total Adj Net Incm$17,784TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$2,060OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$2,060OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$1,348TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,348TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$6,480OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$6,480OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$9,888TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$9,888TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$66,393ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$66,393ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$76,281TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$9,888TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$66,393TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$51,881ExcessRevenueOverExpensesAmt
Net Investment Income$14,512NetInvestmentIncomeAmt
Adjusted Net Income$17,784AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$7,733CashBOYAmt
Cash EOY$45,527CashEOYAmt
Cash EOYFMV$45,527CashEOYFMVAmt
Corporate Stock BOY$1,058,745CorporateStockBOYAmt
Corporate Stock EOY$1,409,796CorporateStockEOYAmt
Corporate Stock EOYFMV$1,409,796CorporateStockEOYFMVAmt
Total Assets BOY$1,066,478TotalAssetsBOYAmt
Total Assets EOY$1,455,323TotalAssetsEOYAmt
Total Assets EOYFMV$1,455,323TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,066,478RetainedEarningBOYAmt
Retained Earning EOY$1,455,323RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,066,478TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,455,323TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,066,478TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,455,323TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,066,478TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$51,881ExcessRevenueOverExpensesAmt
Other Increases$440,726OtherIncreasesAmt
Subtotal$1,455,323SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,455,323TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
21.652 Vanguard FundsP2020-12-312023-11-20$883$851$32$32
1597.24 Vanguard FundsP2020-12-312023-11-20$65,127$62,651$2,476$2,476
1000 Vanguard FundsP2020-12-312023-11-20$40,775$36,667$4,108$4,108
FieldValueIRS element (for citing)
Capital Gain Net Income$6,616CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$202InvestmentIncomeExciseTaxAmt
Subtotal$202SubtotalAmt
Tax Based On Investment Income$202TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,194EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$1,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,194TotalPaymentsAndCreditsAmt
Overpayment$2,992OverpaymentAmt
Applied To ES Tax$2,992AppliedToESTaxAmt

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 SatisfiedfalseSection508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMAOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1DR RAJ K GOYALBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6172441420PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line140 NOUVELLE WAYAddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd
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
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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 (8 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
RAJ K GOYAL
40 NOUVELLE WAY UNIT 1041NATICKMA01760President0.00$0
RAJ K GOYAL
40 NOUVELLE WAY UNIT 1041NATICKMA01760Treasurer0.00$0
RAJ K GOYAL
40 NOUVELLE WAY UNIT 1041NATICKMA01760Director0.00$0
PREM GOYAL
40 NOUVELLE WAY UNIT 1041NATICKMA01760Director0.00$0
ANISH GOYAL
61 WINSTON RDNEWTONMA02459Treasurer0.00$0
SUNITA GOYAL
61 WINSTON RDNEWTONMA02459Treasurer0.00$0
AMAR GUPTA
61 WINSTON RDNEWTONMA02459Secretary0.00$0
JAG BHAWAN
61 WINSTON RDNEWTONMA02459Secretary0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$1,243,785AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$28,601AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,272,386TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,272,386AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$19,086CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,253,300NetVlNoncharitableAssetsAmt
Minimum Investment Return$62,665MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$62,665MinimumInvestmentReturnAmt
Tax Based On Investment Income$202TaxBasedOnInvestmentIncomeAmt
Total Tax$202TotalTaxAmt
Distributable Before Adj$62,463DistributableBeforeAdjAmt
Distributable Before Ded$62,463DistributableBeforeDedAmt
Distributable As Adjusted$62,463DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$66,393ExpensesAndContributionsAmt
Qualifying Distributions$66,393QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$62,463DistributableAsAdjustedAmt
Undistributed Income PY$60,469UndistributedIncomePYAmt
Qualifying Distributions$66,393QualifyingDistributionsAmt
Applied To Year1$60,469AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$5,924AppliedToCurrentYearAmt
Undistributed Income CY$56,539UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerRAJ K GOYALContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Application Submission Info ApplicationSubmissionInfoGrp

FieldValueIRS element (for citing)
Recipient PersonRAJ GOYALRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line161 WINSTON ROADAddressLine1Txt
CityNEWTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02459ZIPCd
FieldValueIRS element (for citing)
Form And Info And MaterialsN/AFormAndInfoAndMaterialsTxt
Submission DeadlinesN/ASubmissionDeadlinesTxt
Restrictions On AwardsN/ARestrictionsOnAwardsTxt

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
SARVA DEV MANDIR
6 MAIN STREETOXFORDMA01540NONE501(C)(3)RELIGIOUS$1,000
Ramakrishna Vedanta Society of Mass
58 Deerfield StreetBOSTONMA02215NONE501(C)(3)RELIGIOUS$1,000
INDIAN CIRCLE FOR CARING USA INC
220 TOTTEN POND ROADWALTHAMMA02451NONE501(C)(3)COMMUNITY SUPPORT$2,793
INDIAN SOC OF WORCESTER
P O BOX 945WORCESTERMA01613NONE501(C)(3)CULTURAL, SOCIAL, EDUCATION & CHARITABLE ORG$5,000
GLOBALCURESORG
36 SKYVIEW CIRCLENEWTONMA02459NONE501(C)(3)MEDICAL CARE$1,000
NATICK SERVICE COUNCIL INC
40 NOUVELL WAY UNIT 1041NATICKMA01760NONE501(C)(3)COMMUNITY SUPPORT$300
Hindi Manch
678 LOWELL STLEXINGTONMA02420NONE501(C)(3)EDUCATIONAL$300
Indian Health Information Portal
5600 Fishers LaneRockvilleMD20857NONE501(C)(3)COMMUNITY SUPPORT$50,000
Boston Cardiac Foundation
50 Tremont St 104MelroseMA02176NONE501(C)(3)EDUCATIONAL$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$66,393TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$93RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$17,691RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$6,616RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,400RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$24,400TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOFFICE EXPENSESDesc
Revenue And Expenses Per Books$6,480RevenueAndExpensesPerBooksAmt
Net Investment Income$6,480NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,060Amt
Net Investment Income$2,060NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX CREDIT WITHHELD$1,056$1,056
Taxes - other$292$292

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