FURP.ORG / PUBLIC DATA EXPLORER

ARORA FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ARORA FOUNDATION INC (EIN 03-0576552)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-11
IRS object ID
202133159349103473
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)
Return2021-11-11T14:14:10-08:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-11SignatureDt
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

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

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,119,010FMVAssetsEOYAmt
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$23,365InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$23,365InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$23,365InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$43,676DividendsRevAndExpnssAmt
Dividends Net Invst Incm$43,676DividendsNetInvstIncmAmt
Dividends Adj Net Incm$43,676DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$14,502NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$527,021GrossSalesPriceAmt
Total Rev And Expnss$52,539TotalRevAndExpnssAmt
Total Net Invst Incm$67,041TotalNetInvstIncmAmt
Total Adj Net Incm$67,041TotalAdjNetIncmAmt
Taxes Rev And Expnss$344TaxesRevAndExpnssAmt
Taxes Net Invst Incm$344TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$20,711OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7,631OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$21,055TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$7,975TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$135,350ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$135,350ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$156,405TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$7,975TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$135,350TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$103,866ExcessRevenueOverExpensesAmt
Net Investment Income$59,066NetInvestmentIncomeAmt
Adjusted Net Income$67,041AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,902,460CashBOYAmt
Cash EOY$2,451,965CashEOYAmt
Cash EOYFMV$3,119,010CashEOYFMVAmt
Total Assets BOY$2,902,460TotalAssetsBOYAmt
Total Assets EOY$2,451,965TotalAssetsEOYAmt
Total Assets EOYFMV$3,119,010TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,902,460RetainedEarningBOYAmt
Retained Earning EOY$2,451,965RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,902,460TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,451,965TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,902,460TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,451,965TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,902,460TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$103,866ExcessRevenueOverExpensesAmt
Subtotal$2,798,594SubtotalAmt
Other Decreases$346,629OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,451,965TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (16 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
475.781 FIDELITY EMERGING ASIA FUNDP2019-06-122020-02-03$21,320$19,293$2,027$2,027
202.550 FIDELITY EMERGING ASIA FUNDP2020-12-312020-04-21$8,550$8,213$337$337
300 ISHARES MSCI EAFE ETFP2019-06-122020-04-21$16,137$19,692-$3,555-$3,555
50 ISHARES MSCI SOUTH KOREA ETFP2019-06-122020-04-21$2,417$2,867-$450-$450
250 ISHARES MSCI SOUTH KOREA ETFP2019-06-122020-04-21$12,086$14,334-$2,248-$2,248
450 ISHARES MSCI SOUTH KOREA ETFP2019-10-312020-04-21$21,755$26,453-$4,698-$4,698
204 ISHARES TRUST ISHARES MSCI INDIA ETF USDP2019-06-122020-04-30$5,538$7,267-$1,729-$1,729
96 ISHARES TRUST ISHARES MSCI INDIA ETF USDP2019-06-122020-04-30$2,606$3,420-$814-$814
450 ISHARES TRUST ISHARES MSCI INDIA ETF USDP2019-06-272020-04-30$12,217$15,946-$3,729-$3,729
120 PIMCO DYNAMIC CR INCOME FDP2019-05-062020-04-21$2,008$2,845-$837-$837
640.041 FIDELITY EMERGING ASIA FUNDP2019-01-252020-02-03$28,680$25,953$2,727$2,727
1200 INVESCO QQQ TR UNIT SER 1P2018-03-122020-04-21$246,163$208,595$37,568$37,568
1200 ISHARES MSCI EAFE ETFP2018-02-062020-04-21$64,547$85,079-$20,532-$20,532
1200 VANGUARD INTL EQUITYINDEX FDS FTSE EMR MP2018-03-122020-04-21$41,363$58,264-$16,901-$16,901
900 VANGUARD INTL EQUITYINDEX FDS FTSE EMR MP2018-03-132020-04-21$31,022$43,302-$12,280-$12,280
Capital Gain Dividends$10,612
FieldValueIRS element (for citing)
Capital Gain Net Income-$14,502CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$15,696NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$821InvestmentIncomeExciseTaxAmt
Subtotal$821SubtotalAmt
Tax Based On Investment Income$821TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,000TotalPaymentsAndCreditsAmt
Overpayment$179OverpaymentAmt
Applied To ES Tax$179AppliedToESTaxAmt

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$2,948,166AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$20,348AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,968,514TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,968,514AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$44,528CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,923,986NetVlNoncharitableAssetsAmt
Minimum Investment Return$146,199MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$146,199MinimumInvestmentReturnAmt
Tax Based On Investment Income$821TaxBasedOnInvestmentIncomeAmt
Total Tax$821TotalTaxAmt
Distributable Before Adj$145,378DistributableBeforeAdjAmt
Distributable Before Ded$145,378DistributableBeforeDedAmt
Distributable As Adjusted$145,378DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$135,350ExpensesAndContributionsAmt
Qualifying Distributions$135,350QualifyingDistributionsAmt
Adjusted Qualifying Distri$135,350AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$145,378DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$11,392ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr1$26,923ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$38,315TotalExcessDistributionCyovAmt
Qualifying Distributions$135,350QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$135,350AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$10,028ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$10,028ExcessDistributionCyovAppCYAmt
Total Corpus$28,287TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$28,287ExcessDistriCyovToNextYrAmt
Excess From Year3$1,364ExcessFromYear3Amt
Excess From Year1$26,923ExcessFromYear1Amt

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 (15 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
RYE COUNTRY DAY SCHOOL
3 Cedar StRYENY10580CHAR ORGCHARITABLE CONTRIBUTION$25,000
SEVA CHAKRAM SAMAJAM
C/O VFA 2 DEPOT PLAZA SUITE 403BEDFORD HILLSNY10507CHAR ORGCHARITABLE ORGANIZATION$2,500
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$8,000
UNIVERSITY OF TEXAS AT AUSTIN
110 INNER CAMPUS DRIVEAUSTINTX78705CHAR ORGCHARITABLE ORGANIZATION$10,000
YWCA Greenwich
259 E Putnam AveGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$14,000
Community Centers Inc of Greenwich
2 St Roch AveGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,000
Neighbor To Neighbor
248 E Putnam AveGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,000
Guru Tegh Bahadur JI Foundation
622 West AvenueNorwalkCT06850CHAR ORGCHARITABLE ORGANIZATION$100
Petit Family Foundation
32 Whiting StPlainvilleCT06062CHAR ORGCHARITABLE ORGANIZATION$500
Friends of Teach for India Inc
25 Broadway 12th FloorNew YorkNY10004CHAR ORGCHARITABLE ORGANIZATION$5,000
Women's Business Development Counci
84 Bedford St 201StamfordCT06901CHAR ORGCHARITABLE ORGANIZATION$2,000
Abilis
50 Glenville StGreenwichCT06831CHAR ORGCHARITABLE ORGANIZATION$2,000
Boys Girls Club of Greenwich
4 Horseneck LnGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,000
Collegiate Foundations
2950 Unity Dr Unit 571404HoustonTX77257CHAR ORGCHARITABLE ORGANIZATION$250
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$135,350TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$23,365ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$43,676ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$14,502RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$67,041ExclusionAmt
Related Or Exempt Function Incm-$14,502RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$52,539TotalIncomeProducingActyAmt

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPrior Period AdjustmentDesc
Amt$346,629Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
DONATE MASKS TO PUBLIC$13,080
OFFICE EXPENSES$7,631$7,631

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$344Amt
Net Investment Income$344NetInvestmentIncomeAmt