FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-14
IRS object ID
202141049349100404
Schema version
2020v4.1
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)
Return2021-04-14T09:25:48-00:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-04-14SignatureDt
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
Preparation2021-04-14PreparationDt
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)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$313,977FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Dividends Rev And Expnss$5,233DividendsRevAndExpnssAmt
Dividends Net Invst Incm$5,233DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$7NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$9GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$9,468CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$5,240TotalRevAndExpnssAmt
Total Net Invst Incm$14,701TotalNetInvstIncmAmt
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$8,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,100TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$2,860ExcessRevenueOverExpensesAmt
Net Investment Income$14,701NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$29,406CashBOYAmt
Cash EOY$13,817CashEOYAmt
Cash EOYFMV$13,817CashEOYFMVAmt
Corporate Stock BOY$227,360CorporateStockBOYAmt
Corporate Stock EOY$240,089CorporateStockEOYAmt
Corporate Stock EOYFMV$300,160CorporateStockEOYFMVAmt
Total Assets BOY$256,766TotalAssetsBOYAmt
Total Assets EOY$253,906TotalAssetsEOYAmt
Total Assets EOYFMV$313,977TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$256,766RetainedEarningBOYAmt
Retained Earning EOY$253,906RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$256,766TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$253,906TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$256,766TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$253,906TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$256,766TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$2,860ExcessRevenueOverExpensesAmt
Subtotal$253,906SubtotalAmt
Tot Net Ast Or Fund Balances EOY$253,906TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$9,468CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$204InvestmentIncomeExciseTaxAmt
Subtotal$204SubtotalAmt
Tax Based On Investment Income$204TaxBasedOnInvestmentIncomeAmt
Tax Due$204TaxDueAmt

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 StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
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

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$204TaxBasedOnInvestmentIncomeAmt
Total Tax$204TotalTaxAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,100ExpensesAndContributionsAmt
Qualifying Distributions$8,100QualifyingDistributionsAmt
Adjusted Qualifying Distri$8,100AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$8,700ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,700TotalExcessDistributionCyovAmt
Qualifying Distributions$8,100QualifyingDistributionsAmt
Remaining Distri From Corpus$8,100RemainingDistriFromCorpusAmt
Total Corpus$16,800TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$16,800ExcessDistriCyovToNextYrAmt
Excess From Year1$8,700ExcessFromYear1Amt
Excess From Current Year$8,100ExcessFromCurrentYearAmt

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$8,100CurrentYearAmt
Year1$8,700Year1Amt
Year2$8,800Year2Amt
Year3$8,500Year3Amt
Total$34,100TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$8,100CurrentYearAmt
Year1$8,700Year1Amt
Year2$8,800Year2Amt
Year3$8,500Year3Amt
Total$34,100TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year3$8,687Year3Amt
Total$8,687TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Year3$8,687Year3Amt
Total$8,687TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Year3$15,008Year3Amt
Total$15,008TotalAmt

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 (17 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
ROSIIE'S PLACE
PO BOX 51399BOSTONMA02205HUMANITARIAN$600
HORIZON'S OF HOMELESS CHILDREN
1702 COLOMBUS AVEROXBURYMA02119HUMANITARIAN$500
FOUNDATION OF BELMONT EDUCATION
PO BOX 518BELMONTMA02478HUMANITARIAN$600
CARE
151 ELLIS ST NEATLANTAGA30303HUMANITARIAN$500
FRIENDS OF THE BELMONT COUNCIL
266 BEECH STBELMONTMA02478HUMANITARIAN$200
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741HUMANITARIAN$600
UNICEF
PO BOX 27780NEWARKNJ07101HUMANITARIAN$600
EARTH JUSTICE
90 CALIFORNIA STSAN FRANCISCOCA94111HUMANITARIAN$400
OXFOAM
PO BOX 7011ALBERT LEEMN56007HUMANITARIAN$500
AMNESTY INTERNATIONAL
PO BOX 96756WASHINGTONDC20077HUMANITARIAN$400
BELMONT PUBLIC LIBRARY
PO BOX 125BELMONTMA02478HUMANITARIAN$500
IMPERIAL COLLEGE FOUNDATION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$400
WGBH PUBLIC TELEVISION
ONE GUEST STBOSTONMA02135HUMANITARIAN$600
HUMAN NEEDS FOOD PANTRY
9 LABEL STMONTCLAIRNJ07042HUMANITARIAN$400
WORLD WILD LIFE FUND
PO BOX 96555WASHINGTONDC20077HUMANITARIAN$300
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$5,233UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$5,233UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$5,233TotalIncomeProducingActyAmt

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

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetMERRILL LYNCHAssetDesc
Acquired1996-03AcquiredDt
How AcquiredPHowAcquiredTxt
Sold2020-11SoldDt
Gross Sales Price$9GrossSalesPriceAmt
Basis$2BasisAmt
Total Net$7TotalNetAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1213 shares of Pfizer$11,935$44,650
2981 shares of BLACK ROCK EQUITY$59,099$59,627
2597 shares of BLAC K ROCK MULTI ASSET$28,420$29,016
424 shares of MFS VALUE$12,205$19,039
2255 shares of PUTNAM DIVERSIFIED INCOME TRUST$15,502$15,066
1539 shares of MS INTERNATIONAL$30,834$35,551
2066 shares of CLEARBRIDGE LARGE CAP$81,438$94,400
150 shares of VIATRIS$656$2,811

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