FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-04
IRS object ID
202330949349100218
Schema version
2022v5.0
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)
Return2023-04-04T03:06:42-00:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222368719PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEONARD ZIMMERMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1280 UNION HILL ROADAddressLine1Txt
CityMANALAPANCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07726ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223769532EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GANGULY FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGANGBusinessNameControlTxt
Phone9737467245PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1197 CLAFLIN STREETAddressLine1Txt
CityBELMONTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHIT GANGULYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9737467245PhoneNum
Signature2023-04-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstASHITPersonFirstNm
Person LastGANGULYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEONARD ZIMMERMANPreparerPersonNm
PTINP00283697PTIN
Phone7325360830PhoneNum
Preparation2023-04-04PreparationDt
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$308,915FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$23,564DividendsRevAndExpnssAmt
Dividends Net Invst Incm$23,564DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$23,564TotalRevAndExpnssAmt
Total Net Invst Incm$23,564TotalNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$0TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$10,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$10,700TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$10,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,864ExcessRevenueOverExpensesAmt
Net Investment Income$23,564NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,148CashBOYAmt
Cash EOY$6,547CashEOYAmt
Cash EOYFMV$6,547CashEOYFMVAmt
Corporate Stock BOY$268,201CorporateStockBOYAmt
Corporate Stock EOY$280,666CorporateStockEOYAmt
Corporate Stock EOYFMV$302,368CorporateStockEOYFMVAmt
Total Assets BOY$274,349TotalAssetsBOYAmt
Total Assets EOY$287,213TotalAssetsEOYAmt
Total Assets EOYFMV$308,915TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$274,349RetainedEarningBOYAmt
Retained Earning EOY$287,213RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$274,349TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$287,213TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$274,349TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$287,213TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$274,349TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,864ExcessRevenueOverExpensesAmt
Subtotal$287,213SubtotalAmt
Tot Net Ast Or Fund Balances EOY$287,213TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$328InvestmentIncomeExciseTaxAmt
Subtotal$328SubtotalAmt
Tax Based On Investment Income$328TaxBasedOnInvestmentIncomeAmt
Tax Due$328TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressNoneWebsiteAddressTxt
Individual With BooksDr Ashit K GangulyIndividualWithBooksNm
Phone6174843806PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1197 CLAFLIN STREETAddressLine1Txt
CityBELMONtCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd
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
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 (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Dr Ashit Ganguly
197 CAFLIN STREETBELMONTMA02478President010.00$0
Jean Ganguly
197 CAFLIN STREETBELMONTMA02478Vic President010.00$0
Nomita Ganguly
133 St Botolphy StreetBostonMA02115Secy/ Treas010.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Payments to 501(c)(3) charitable organizationsDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Description2N/ADescription2Txt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$328TaxBasedOnInvestmentIncomeAmt
Total Tax$328TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$10,700ExpensesAndContributionsAmt
Qualifying Distributions$10,700QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Qualifying Distributions$10,700QualifyingDistributionsAmt
Remaining Distri From Corpus$10,700RemainingDistriFromCorpusAmt
Total Corpus$10,700TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$10,700ExcessDistriCyovToNextYrAmt
Excess From Current Year$10,700ExcessFromCurrentYearAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Total$0TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$10,700CurrentYearAmt
Year1$9,400Year1Amt
Year2$8,100Year2Amt
Year3$8,700Year3Amt
Total$36,900TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$10,700CurrentYearAmt
Year1$9,400Year1Amt
Year2$8,100Year2Amt
Year3$8,700Year3Amt
Total$36,900TotalAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
Year1$274,349Year1Amt
Total$274,349TotalAmt

Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp

FieldValueIRS element (for citing)
Year1$274,349Year1Amt
Total$274,349TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAshit GangulyContributingManagerNm
Contributing ManagerJean GangulyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (22 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN ASSOC FOR ADVANCEMENT OF SCIENCE
1200 NY AVE NWWASHINGTONDC20005HUMANITARIAN$300
PLANNED PARENTHOOD
PO BOX 97166WASHINGTONDC20077HUMANITARIAN$700
BELMONT FOOD PANTRY
PO BOX 9191CONCORDMA01742HUMANITARIAN$500
ROSIE'S PLACE
PO BOX 51399BOSTONMA02205HUMANITARIAN$600
HORIZON'S OF HOMELESS CHILDREN
1705 COLUMBUS AVEROXBURYMA02119HUMANITARIAN$500
FOUNDATION OF BELMONT ESUCATION
PO BOX 518MELMONTMA02478HUMANITARIAN$1,500
CARE
151 ELLIS ST NEATLANTAGA30303HUMANITARIAN$500
FRIENDS OF THE BELMONT COUNCIL
266 BEECH STREETBELMONTMA02478HUMANITARIAN$200
UNICEF
PO BOX 27780NEWARKNJ07101HUMANITARIAN$700
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741HUMANITARIAN$600
EARTH JUSTICE
90CALIFORNIA STREETSAN FRANCISCOCA94111HUMANITARIAN$400
OXFOAM AMERICA
PO BOX 7011ALBERT LEEMN56007HUMANITARIAN$500
AMNESTY INTERNATIONAL
PO BOX 96756WASHINGTONDC20077HUMANITARIAN$400
BELMONT PUBLIC LIBRARY
PO BOX 125BELMONTMA02478HUMANITARIAN$300
IMPERIAL COLLEGE FOUNDATION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$400
WGBH RADIO
ONE GUEST STREETBOSTONMA02135HUMANITARIAN$600
WGBH PUBLIC TELEVISION
ONE GUEST STREETBOSTONMA02135HUMANITARIAN$600
HUMAN NEEDS FOOD PANTRY
9 LABEL STREETMONTCLAIRNJ07042HUMANITARIAN$300
WORLD WILD LIFE FUND
PO BOX 96555WASHINGTONDC20077HUMANITARIAN$300
FRIENDS OF THE BOSTON SYMPHONY
201 MASSACHUSETTS AVEBOSTONMA02115HUMANITARIAN$200
FUND FOR MONTCLAIR UNIVERSITY
1 NORMAL AVENUEMONTCLAIRNJ07043HUMANITARIAN$400
BRIGHAM & WOMENS HOSPITAL
116 HUNTINGTON AVEBOSTONMA02116HUMANITARIAN$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$23,564UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$23,564UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$23,564TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementN/ARelationshipStatementTxt

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonA GANGULYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1197 CLAFLIN STREETAddressLine1Txt
CityBELMONTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd
FieldValueIRS element (for citing)
Total Contributions$0TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescN/ADesc

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1213 shares of Pfizer$11,935$62,154
2981 shares of BLACK ROCK EQUITY$75,233$68,606
2597 shares of BLAC K ROCK MULTI ASSET$31,267$27,335
424 shares of MFS VALUE$14,474$22,353
2255 shares of PUTNAM DIVERSIFIED INCOME TRUST$16,469$13,369
1539 shares of MS INTERNATIONAL$32,120$31,108
2066 shares of CLEARBRIDGE LARGE CAP$98,512$75,774
150 shares of VIATRIS$656$1,669

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonDR A GANGULTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 COOPER AVENUEAddressLine1Txt
CityUPPER MONTCLAIRCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07043ZIPCd

Taxes Schedule TaxesSchedule