GRO FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GRO FOUNDATION INC (EIN 20-3985154)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202243199349101814
Schema version
2021v4.0
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)
Return2022-11-15T09:45:38-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-11-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSHIKHAPersonFirstNm
Person LastBHAKOOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEILEEN MUELLERPreparerPersonNm
PTINP00640642PTIN
Phone2013430496PhoneNum
Preparation2022-11-14PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,433,494FMVAssetsEOYAmt
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$23InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$23InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$77,451DividendsRevAndExpnssAmt
Dividends Net Invst Incm$77,451DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$133,050NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$144,193GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$133,050CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$19,779OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$19,779OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$230,303TotalRevAndExpnssAmt
Total Net Invst Incm$230,303TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$247LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$247LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,200AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,200AccountingFeesNetInvstIncmAmt
Interest Rev And Expnss$26InterestRevAndExpnssAmt
Interest Net Invst Incm$26InterestNetInvstIncmAmt
Taxes Rev And Expnss$14,945TaxesRevAndExpnssAmt
Taxes Net Invst Incm$14,945TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$4,504OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$4,504OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$20,922TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,922TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$123,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$123,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$143,922TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,922TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$123,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$86,381ExcessRevenueOverExpensesAmt
Net Investment Income$209,381NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$25,000CashBOYAmt
Sav And Temp Cash Invst BOY$51,390SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$151,261SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$151,261SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$3,487,450OtherInvestmentsBOYAmt
Other Investments EOY$3,498,960OtherInvestmentsEOYAmt
Other Investments EOYFMV$4,282,233OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,563,840TotalAssetsBOYAmt
Total Assets EOY$3,650,221TotalAssetsEOYAmt
Total Assets EOYFMV$4,433,494TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,563,840RetainedEarningBOYAmt
Retained Earning EOY$3,650,221RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,563,840TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,650,221TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,563,840TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,650,221TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,563,840TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$86,381ExcessRevenueOverExpensesAmt
Subtotal$3,650,221SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,650,221TotNetAstOrFundBalancesEOYAmt

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 PARTNERSP$11,143-$11,143-$11,143
ACACIA INSTITUTIONAL PARTNERSP$144,193$144,193$144,193
FieldValueIRS element (for citing)
Capital Gain Net Income$133,050CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,910InvestmentIncomeExciseTaxAmt
Subtotal$2,910SubtotalAmt
Tax Based On Investment Income$2,910TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$9,207EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$9,207TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$6,297OverpaymentAmt
Applied To ES Tax$6,297AppliedToESTaxAmt

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 AVENUEHACKENSACKNJ07601TREASURER1.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$186,795AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$4,363,458FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$4,550,253TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$4,550,253AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$68,254CashDeemedCharitableAmt
Net Vl Noncharitable Assets$4,481,999NetVlNoncharitableAssetsAmt
Minimum Investment Return$224,100MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$224,100MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,910TaxBasedOnInvestmentIncomeAmt
Total Tax$2,910TotalTaxAmt
Distributable Before Adj$221,190DistributableBeforeAdjAmt
Distributable Before Ded$221,190DistributableBeforeDedAmt
Distributable As Adjusted$221,190DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$123,000ExpensesAndContributionsAmt
Qualifying Distributions$123,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$221,190DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$366,328ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$8,262ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$374,590TotalExcessDistributionCyovAmt
Qualifying Distributions$123,000QualifyingDistributionsAmt
Applied To Current Year$123,000AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$98,190ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$98,190ExcessDistributionCyovAppCYAmt
Total Corpus$276,400TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$276,400ExcessDistriCyovToNextYrAmt
Excess From Year4$268,138ExcessFromYear4Amt
Excess From Year1$8,262ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
THE AKANKSHA FUND INC
PO BOX 1714CATHEDRAL STATIONNEW YORKNY10025EDUCATION$33,000
WILLIAMS COLLEGE
75 PARK STREETWILLIAMSTOWNMA01267EDUCATION$10,000
COLORADO COLLEGE
14 E CACHE LA POUDRE STCOLORADO SPRINGSCO80903EDUCATION$25,000
COLLEGIATE SCHOOL
301 FREEDOM PLACE SOUTHNEW YORKNY10069EDUCATION$25,000
WILLAMETTE UNIVERSITY
900 STATE STREETSALEMOR97301EDUCATION$10,000
CENTRAL PARK CONSERVANCY
14 EAST 60TH STREETNEW YORKNY10022EDUCATION$10,000
RIVERSIDE PARK CONSERVANCY
475 RIVERSIDE DRIVESUITE 455NEW YORKNY10115EDUCATION$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$123,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$23RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$77,451RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$133,050RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNEDesc
Related Or Exempt Function Incm$19,779RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$230,303RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$230,303TotalIncomeProducingActyAmt

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 FMVFMVListedAtCostOrFMVCd
Book Value$3,498,960BookValueAmt
EOYFMV$4,282,233EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryWEBSTER CHAMBERLAIN & BEANCategoryTxt
Legal Fees$247LegalFeesAmt
Net Investment Income$247NetInvestmentIncomeAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES$680$680
PORTFOLIO EXPENSES$3,824$3,824

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNERSDesc
Revenue And Expenses Per Books$19,779RevenueAndExpensesPerBooksAmt
Net Investment Income$19,779NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$14,920$14,920
DELAWARE DIV OF CORP$25$25
NEW YORK ANNUAL FILING FEE

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