FURP.ORG / PUBLIC DATA EXPLORER

ARORA FOUNDATION INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ARORA FOUNDATION INC (EIN 03-0576552)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-15
IRS object ID
202323199349108527
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)
Return2023-11-15T15:21:46-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273435057PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vescio Family Advisors LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 Depot Plz Ste 403AddressLine1Txt
CityBedford HillsCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10507ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030576552EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARORA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARORBusinessNameControlTxt
Phone2036296029PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line156 ROCKWOOD LANEAddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06830ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARPREET ARORAPersonNm
Person TitlePresidentPersonTitleTxt
Signature2023-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstHARPREETPersonFirstNm
Person LastARORAPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER C VESCIO CPAPreparerPersonNm
PTINP00003541PTIN
Phone9143589888PhoneNum
Self EmployedYes (X)SelfEmployedInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
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$3,118,873FMVAssetsEOYAmt
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$19,625InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$19,625InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$19,625InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$55,267DividendsRevAndExpnssAmt
Dividends Net Invst Incm$55,267DividendsNetInvstIncmAmt
Dividends Adj Net Incm$55,267DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$4,737NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$56,701GrossSalesPriceAmt
Total Rev And Expnss$70,155TotalRevAndExpnssAmt
Total Net Invst Incm$74,892TotalNetInvstIncmAmt
Total Adj Net Incm$74,892TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,750AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$2,511TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$10,249OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$18,510TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$133,679ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$133,679ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$152,189TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$133,679TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$82,034ExcessRevenueOverExpensesAmt
Net Investment Income$74,892NetInvestmentIncomeAmt
Adjusted Net Income$74,892AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$26,819CashBOYAmt
Cash EOY$14,630CashEOYAmt
Cash EOYFMV$14,630CashEOYFMVAmt
Other Investments BOY$1,719,054OtherInvestmentsBOYAmt
Other Investments EOY$2,649,210OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,104,243OtherInvestmentsEOYFMVAmt
Other Assets BOY$1,000,001OtherAssetsBOYAmt
Total Assets BOY$2,745,874TotalAssetsBOYAmt
Total Assets EOY$2,663,840TotalAssetsEOYAmt
Total Assets EOYFMV$3,118,873TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,745,874RetainedEarningBOYAmt
Retained Earning EOY$2,663,840RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,745,874TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,663,840TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,745,874TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,663,840TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,745,874TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$82,034ExcessRevenueOverExpensesAmt
Subtotal$2,663,840SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,663,840TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyFIDELITYPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2022-01-01AcquiredDt
Sold2022-12-31SoldDt
Gross Sales Price$56,701GrossSalesPriceAmt
Cost Or Other Basis$63,138CostOrOtherBasisAmt
Gain Or Loss-$6,437GainOrLossAmt
Gains Minus Excess Or Losses-$6,437GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income-$6,437CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$6,437NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,041InvestmentIncomeExciseTaxAmt
Subtotal$1,041SubtotalAmt
Tax Based On Investment Income$1,041TaxBasedOnInvestmentIncomeAmt
Tax Due$1,041TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateCTOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 Line1VESCIO FAMILY ADVISORS LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9143589888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 DEPOT PLAZA SUITE 403AddressLine1Txt
CityBEDFORD HILLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10507ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HARPREET ARORA
56 ROCKWOOD LANEGREENWICHCT06830President0.00$0
NISHA ARORA
56 ROCKWOOD LANEGREENWICHCT06830Vice President0.00$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$3,123,708AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$110,224AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,233,932TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,233,932AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$48,509CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,185,423NetVlNoncharitableAssetsAmt
Minimum Investment Return$159,271MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$159,271MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,041TaxBasedOnInvestmentIncomeAmt
Total Tax$1,041TotalTaxAmt
Distributable Before Adj$158,230DistributableBeforeAdjAmt
Distributable Before Ded$158,230DistributableBeforeDedAmt
Distributable As Adjusted$158,230DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$133,679ExpensesAndContributionsAmt
Qualifying Distributions$133,679QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$158,230DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,364ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$26,923ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$29,055ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$57,342TotalExcessDistributionCyovAmt
Qualifying Distributions$133,679QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$133,679AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$24,551ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$24,551ExcessDistributionCyovAppCYAmt
Total Corpus$32,791TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$32,791ExcessDistriCyovToNextYrAmt
Excess From Year3$3,736ExcessFromYear3Amt
Excess From Year1$29,055ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHARPREET ARORAContributingManagerNm
Contributing ManagerNISHA ARORAContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
ONECAUSE
211 W Main Street Suite 400CarmelIN46032CHAR ORGCHARITABLE CONTRIBUTION$30
RYE COUNTRY DAY SCHOOL
3 Cedar StRYENY10580CHAR ORGCHARITABLE CONTRIBUTION$6,400
HARVARD UNIVERSITY
124 MOUNT AUBRUN STREETCAMBRIDGEMA02138CHAR ORGCHARITABLE ORGANIZATION$60,000
INDIA CULTURAL CENTER OF GREENWICH
C/O VFA 2 DEPOT PLAZA SUITE 403BEDFORD HILLSNY10507CHAR ORGCHARITABLE ORGANIZATION$7,000
WIKIPEDIA
590 Market StreetSan FranciscoCA94104CHAR ORGCHARITABLE ORGANIZATION$100
YARDAPEINC
25 Broadway 12th FloorNew YorkNY10004CHAR ORGCHARITABLE ORGANIZATION$275
PERSONAGE COTTAGE
88 Parsonage RoadGreeniwchCT06830CHAR ORGCHARITABLE ORGANIZATION$500
FRIENDS OF AUTISM
1025 Commons WayRochesterNY14623CHAR ORGCHARITABLE ORGANIZATION$500
Guru Tegh Bahadur Foundation
622 West AveNorwalkCT06850CHAR ORGCHARITABLE ORGANIZATION$30,500
Garden State Sikh
977 Washington Valley RdBasking RidgeNJ07920CHAR ORGCHARITABLE ORGANIZATION$2,800
GREENWICH SENTINEL FOUNDATION
PO BOx 279GreenwichCT06836CHAR ORGCHARITABLE ORGANIZATION$500
RCO Temple
68 Westport RdWiltonCT06897CHAR ORGCHARITABLE ORGANIZATION$1,000
Dog Rescue charity
55 East 59th StreetNew YorkNY10022CHAR ORGCHARITABLE ORGANIZATION$1,000
CT MIRROR
1049 Asylum AvenueHartfordCT06105CHAR ORGCHARITABLE ORGANIZATION$1,000
Buildonorg
PO Box 16741StamfordCT06905CHAR ORGCHARITABLE ORGANIZATION$1,000
Women on Execs Board
VirtualOklahoma CityOK73012CHAR ORGCHARITABLE ORGANIZATION$567
PETIT FOUNDATION
32 Whiting StPlainvilleCT06062PFCHARITABLE CONTRIBUTION$1,000
Ekal Vidyala
PO Box 821369HoustonTX77282CHAR ORGCHARITABLE ORGANIZATION$1,095
Appllied Computing
11667 LADERA DRDUBLINCA94568CHAR ORGCHARITABLE ORGANIZATION$1,625
American Hindu Temple
45-57 Bowne StreetFlushingNY11355CHAR ORGCHARITABLE ORGANIZATION$2,000
RCDS in-kind contribution
56 Rockwood LaneGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,287
Bruce Museam
1 Museum DriveGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,500
Global Giving
1 Thomas Circle NW Suite 800WashingtonDC20005CHAR ORGCHARITABLE ORGANIZATION$5,000
Vallabhdham
PO Box 20462New YorkNY10023CHAR ORGCHARITABLE ORGANIZATION$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$133,679TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$19,625ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$55,267ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$4,737ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$70,155ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$70,155TotalIncomeProducingActyAmt

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)
Amt$5,750Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
CONSULTING$6,000
OFFICE EXPENSES$4,249

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAX PAIDCategoryTxt
Amt$2,511Amt