GRO FOUNDATION INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
GRO FOUNDATION INC (EIN 20-3985154)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202433209349107473
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)
Return2024-11-15T17:31:06-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN371452579PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EILEEN P MUELLER CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1161 ROSS AVEAddressLine1Txt
CityHACKENSACKCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07601ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203985154EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRO FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O SHIKHA BHAKOOBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGROFBusinessNameControlTxt
Phone2128648959PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1250 WEST 81ST STREET APT 20AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10024ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHIKHA BHAKOOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2128648959PhoneNum
Signature2024-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEILEEN MUELLERPreparerPersonNm
PTINP00640642PTIN
Phone2013430496PhoneNum
Preparation2024-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$3,435,992FMVAssetsEOYAmt
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$7,982InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$7,982InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$51,259DividendsRevAndExpnssAmt
Dividends Net Invst Incm$51,259DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$40,504NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$40,547GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$40,504CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$66,205OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$66,205OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$165,950TotalRevAndExpnssAmt
Total Net Invst Incm$165,950TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$6,000CompOfcrDirTrstRevAndExpnssAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,200AccountingFeesNetInvstIncmAmt
Interest Rev And Expnss$1InterestRevAndExpnssAmt
Interest Net Invst Incm$1InterestNetInvstIncmAmt
Taxes Rev And Expnss$23,825TaxesRevAndExpnssAmt
Taxes Net Invst Incm$23,825TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$3,688OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$3,688OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$34,714TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$28,714TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$157,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$157,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$191,714TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$28,714TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$157,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$25,764ExcessRevenueOverExpensesAmt
Net Investment Income$137,236NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash EOY$15,200CashEOYAmt
Cash EOYFMV$15,200CashEOYFMVAmt
Sav And Temp Cash Invst BOY$204,776SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$24,985SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$24,985SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$3,141,102OtherInvestmentsBOYAmt
Other Investments EOY$3,279,929OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,395,807OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,345,878TotalAssetsBOYAmt
Total Assets EOY$3,320,114TotalAssetsEOYAmt
Total Assets EOYFMV$3,435,992TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,345,878RetainedEarningBOYAmt
Retained Earning EOY$3,320,114RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,345,878TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,320,114TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,345,878TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,320,114TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,345,878TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$25,764ExcessRevenueOverExpensesAmt
Subtotal$3,320,114SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,320,114TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtGross Sales PriceGrossSalesPriceAmt
ACACIA INSTITUTIONAL PARTNERS LPP$43-$43-$43
ACACIA INSTITUTIONAL PARTNERS LPP$40,547$40,547$40,547
FieldValueIRS element (for citing)
Capital Gain Net Income$40,504CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,908InvestmentIncomeExciseTaxAmt
Subtotal$1,908SubtotalAmt
Tax Based On Investment Income$1,908TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$6,004EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$6,004TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$4,096OverpaymentAmt
Applied To ES Tax$4,096AppliedToESTaxAmt

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 StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksSHIKHA BHAKOOIndividualWithBooksNm
Phone2128648959PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1250 WEST 81ST STREET APT 20AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10024ZIPCd
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
SHIKHA BHAKOO
250 WEST 81ST STREET APT 20NEW YORKNY10024PRESIDENT000.00$0$0$0
EILEEN MUELLER
161 ROSS AVENUEHACKENSACKNJ07601TREASURER1.50$6,000$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$131,173AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,114,052FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,245,225TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,245,225AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$48,678CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,196,547NetVlNoncharitableAssetsAmt
Minimum Investment Return$159,827MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$159,827MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,908TaxBasedOnInvestmentIncomeAmt
Total Tax$1,908TotalTaxAmt
Distributable Before Adj$157,919DistributableBeforeAdjAmt
Distributable Before Ded$157,919DistributableBeforeDedAmt
Distributable As Adjusted$157,919DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$157,000ExpensesAndContributionsAmt
Qualifying Distributions$157,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$157,919DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$8,262ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$8,262TotalExcessDistributionCyovAmt
Qualifying Distributions$157,000QualifyingDistributionsAmt
Applied To Current Year$157,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$919ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$919ExcessDistributionCyovAppCYAmt
Total Corpus$7,343TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$7,343ExcessDistriCyovToNextYrAmt
Excess From Year3$7,343ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE AKANKSHA FUND INC
PO BOX 1714CATHEDRAL STATIONNEW YORKNY10025EDUCATION$41,500
TEACH FOR INDIA
25 BROADWAY12TH FLOORNEW YORKNY10004EDUCATION$48,000
WILLIAMS COLLEGE
75 PARK STREETWILLIAMSTOWNMA01267EDUCATION$20,000
COLLEGIATE SCHOOL
301 FREEDOM PLACE SOUTHNEW YORKNY10069EDUCATION$10,000
RIVERSIDE PARK CONSERVANCY
475 RIVERSIDE DRIVESUITE 455NEW YORKNY10115EDUCATION$10,000
CENTRAL PARK CONSERVANCY
717 FIFTH AVENUE5TH FLOORNEW YORKNY10022EDUCATION$2,500
FAIRFIELD PREP
1073 NORTH BENSON ROADFAIRFIELDCT068245157EDUCATION$2,500
WILLAMETTE UNIVERSITY
900 STATE STREETSALEMOR97301EDUCATION$2,500
COLORADO COLLEGE
14 E CACHE LA POUDRE STCOLORADO SPRINGSCO80903EDUCATION$10,000
UNIVERSITY OF CHICAGO
5235 S HARPER COURTSUITE 450CHICAGOIL60615EDUCATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$157,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$7,982RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$51,259RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$40,504RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNEDesc
Related Or Exempt Function Incm$66,205RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$165,950RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$165,950TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryTAX PREPARATIONCategoryTxt
Amt$1,200Amt
Net Investment Income$1,200NetInvestmentIncomeAmt

Expln Of Non Filing With AG Stmt ExplnOfNonFilingWithAGStmt

FieldValueIRS element (for citing)
ExplanationNY - 990PF IS FILED WITH THE STATE ATTORNEY GENERAL DE - 990PF IS NOT REQUIRED TO BE FILED WITH DE WHEN NO ACTIVITIES ARE CONDUCTED IN DELAWARE. GRO FOUNDATION DOES NOT CONDUCT ANY ACTIVITIES IN DELAWARE.ExplanationTxt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemACACIA INSTITUTIONAL PARTNERS, LPCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$3,279,929BookValueAmt
EOYFMV$3,395,807EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES$155$155
PORTFOLIO EXPENSES$3,533$3,533

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNERSDesc
Revenue And Expenses Per Books$66,205RevenueAndExpensesPerBooksAmt
Net Investment Income$66,205NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$23,575$23,575
DELAWARE DIV OF CORP
NEW YORK ANNUAL FILING FEE$250$250

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