GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-12
IRS object ID
202123169349102047
Schema version
2020v4.0
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)
Return2021-11-12T11:42:52-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRAJ KPersonFirstNm
Person LastGOYALPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHA DIXITPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum

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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,235,328FMVAssetsEOYAmt
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$8InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$8InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$18,558DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,558DividendsNetInvstIncmAmt
Dividends Adj Net Incm$18,558DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$19,205NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$52,959GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$19,205CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$37,771TotalRevAndExpnssAmt
Total Net Invst Incm$37,771TotalNetInvstIncmAmt
Total Adj Net Incm$18,566TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$2,500AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$2,500AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,896TaxesRevAndExpnssAmt
Taxes Net Invst Incm$2,896TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$322OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$322OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$5,718TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,718TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$47,400ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$47,400ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,118TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,718TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$47,400TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$15,347ExcessRevenueOverExpensesAmt
Net Investment Income$32,053NetInvestmentIncomeAmt
Adjusted Net Income$18,566AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$20,186SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$38,594SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$38,594SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$1,031,387CorporateStockBOYAmt
Corporate Stock EOY$1,196,734CorporateStockEOYAmt
Corporate Stock EOYFMV$1,196,734CorporateStockEOYFMVAmt
Total Assets BOY$1,051,573TotalAssetsBOYAmt
Total Assets EOY$1,235,328TotalAssetsEOYAmt
Total Assets EOYFMV$1,235,328TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,051,573RetainedEarningBOYAmt
Retained Earning EOY$1,235,328RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,051,573TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,235,328TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,051,573TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,235,328TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,051,573TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$15,347ExcessRevenueOverExpensesAmt
Other Increases$199,102OtherIncreasesAmt
Subtotal$1,235,328SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,235,328TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
500 VANGUARD VALUE EFTP2007-08-032020-08-04$52,021$33,754$18,267$18,267
Capital Gain Dividends$938
FieldValueIRS element (for citing)
Capital Gain Net Income$19,205CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$446InvestmentIncomeExciseTaxAmt
Subtotal$446SubtotalAmt
Tax Based On Investment Income$446TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,134EstimatedPlusOvpmtIncmTxAmt
Extsn Request Income Tax Paid$2,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$3,134TotalPaymentsAndCreditsAmt
Overpayment$2,688OverpaymentAmt
Applied To ES Tax$2,688AppliedToESTaxAmt

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$1,021,856AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$42,459AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,064,315TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,064,315AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$15,965CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,048,350NetVlNoncharitableAssetsAmt
Minimum Investment Return$52,418MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$52,418MinimumInvestmentReturnAmt
Tax Based On Investment Income$446TaxBasedOnInvestmentIncomeAmt
Total Tax$446TotalTaxAmt
Distributable Before Adj$51,972DistributableBeforeAdjAmt
Distributable Before Ded$51,972DistributableBeforeDedAmt
Distributable As Adjusted$51,972DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$47,400ExpensesAndContributionsAmt
Qualifying Distributions$47,400QualifyingDistributionsAmt
Adjusted Qualifying Distri$47,400AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$51,972DistributableAsAdjustedAmt
Undistributed Income PY$47,086UndistributedIncomePYAmt
Qualifying Distributions$47,400QualifyingDistributionsAmt
Applied To Year1$47,086AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$314AppliedToCurrentYearAmt
Undistributed Income CY$51,658UndistributedIncomeCYAmt

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$1,000
FOOD PANTRY NATICK
CENTRAL STREETNATICKMA01760NONE501(C)(3)COMMUNITY SERVICES$300
GLOBALCURESORG
36 SKYVIEW CIRCLENEWTONMA02459NONE501(C)(3)MEDICAL CARE$1,000
TIE-BOSTON FOUNDATION INC
101 MAIN STREET 14TH FLCAMBRIDGEMA02142NONE501(C)(3)EDUCATIONAL$5,000
INDIAN MEDICAL ASSOC OF NEW ENGLAND
860 WINTER STREET P O BOX 549132WALTHAMMA02454NONE501(C)(3)EDUCATIONAL$15,100
LA JOLLA INSTITUTE OF NEUROGASTROEN
1225 SKYLARK DRLA JOLLACA92037NONE501(C)(3)EDUCATIONAL$22,000
AKSHAYA PATRA FOUNDATION
6800 OWENSMOUTH AVENUE SUITE 230CANOGA PARKCA91303NONE501(C)(3)EDUCTIONAL$1,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$47,400TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$8RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$18,558RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$938UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$18,267RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$938UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$36,833RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$37,771TotalIncomeProducingActyAmt

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)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,500Amt
Net Investment Income$2,500NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
MISCELLANEOUS EXPENSE$4$4
OFFICE EXPENSE$318$318

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL INCOME TAX$2,439$2,439
FOREIGN TAX CREDIT WITHHELD$422$422
TAXES - OTHER$35$35

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