GRO FOUNDATION INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
GRO FOUNDATION INC (EIN 20-3985154)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-11-15
IRS object ID
202143199349106819
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)
Return2021-11-15T14:53:09-06:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-11-15SignatureDt
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
Preparation2021-11-15PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$4,521,073FMVAssetsEOYAmt
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$53InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$53InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$20,274DividendsRevAndExpnssAmt
Dividends Net Invst Incm$20,274DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$465,434NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$465,434GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$465,434CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss$1,371OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm$1,371OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$487,132TotalRevAndExpnssAmt
Total Net Invst Incm$487,132TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$245LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$245LegalFeesNetInvstIncmAmt
Accounting Fees Rev And Expnss$6,105AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$6,105AccountingFeesNetInvstIncmAmt
Interest Rev And Expnss$55InterestRevAndExpnssAmt
Interest Net Invst Incm$55InterestNetInvstIncmAmt
Taxes Rev And Expnss$8,985TaxesRevAndExpnssAmt
Taxes Net Invst Incm$8,985TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,870OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$2,870OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$18,260TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$18,260TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$198,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$198,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$216,260TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$18,260TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$198,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$270,872ExcessRevenueOverExpensesAmt
Net Investment Income$468,872NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$281,100CashBOYAmt
Cash EOY$25,000CashEOYAmt
Cash EOYFMV$25,000CashEOYFMVAmt
Sav And Temp Cash Invst EOY$51,390SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$51,390SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$3,152,177OtherInvestmentsBOYAmt
Other Investments EOY$3,487,450OtherInvestmentsEOYAmt
Other Investments EOYFMV$4,444,683OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,433,277TotalAssetsBOYAmt
Total Assets EOY$3,563,840TotalAssetsEOYAmt
Total Assets EOYFMV$4,521,073TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$3,433,277RetainedEarningBOYAmt
Retained Earning EOY$3,563,840RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,433,277TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,563,840TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,433,277TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,563,840TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,433,277TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$270,872ExcessRevenueOverExpensesAmt
Subtotal$3,704,149SubtotalAmt
Other Decreases$140,309OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,563,840TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
ACACIA INSTITUTIONAL PARTNERSP$89,106$89,106$89,106
ACACIA INSTITUTIONAL PARTNERSP$376,328$376,328$376,328
FieldValueIRS element (for citing)
Capital Gain Net Income$465,434CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$89,106NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$6,517InvestmentIncomeExciseTaxAmt
Subtotal$6,517SubtotalAmt
Tax Based On Investment Income$6,517TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$15,724EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$15,724TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Overpayment$9,207OverpaymentAmt
Applied To ES Tax$9,207AppliedToESTaxAmt

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
GIRISH BHAKOO
250 WEST 81ST STREET APT 20NEW YORKNY10024TREASURER000.00$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$186,139AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,798,730FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,984,869TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$3,984,869AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$59,773CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,925,096NetVlNoncharitableAssetsAmt
Minimum Investment Return$196,255MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$196,255MinimumInvestmentReturnAmt
Tax Based On Investment Income$6,517TaxBasedOnInvestmentIncomeAmt
Total Tax$6,517TotalTaxAmt
Distributable Before Adj$189,738DistributableBeforeAdjAmt
Distributable Before Ded$189,738DistributableBeforeDedAmt
Distributable As Adjusted$189,738DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$198,000ExpensesAndContributionsAmt
Qualifying Distributions$198,000QualifyingDistributionsAmt
Adjusted Qualifying Distri$198,000AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$189,738DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$366,328ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$366,328TotalExcessDistributionCyovAmt
Qualifying Distributions$198,000QualifyingDistributionsAmt
Applied To Current Year$189,738AppliedToCurrentYearAmt
Remaining Distri From Corpus$8,262RemainingDistriFromCorpusAmt
Total Corpus$374,590TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$374,590ExcessDistriCyovToNextYrAmt
Excess From Year3$366,328ExcessFromYear3Amt
Excess From Current Year$8,262ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (6 entries)

Address Line1RecipientUSAddress/AddressLine1TxtAddress Line2RecipientUSAddress/AddressLine2TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
THE AKANKSHA FUND INC
PO BOX 1714CATHEDRAL STATIONNEW YORKNY10025EDUCATION$83,000
JOHN DEWEY ACADEMY
389 MAIN STREETGREAT BARRINGTONMA01230EDUCATION$50,000
FRIENDS OF TEACH FOR INDIA
25 BROADWAY12TH FLOORNEW YORKNY10004EDUCATION$50,000C/O TEACH FOR AMERICA
COLLEGIATE SCHOOL
301 FREEDOM PLACE SOUTHNEW YORKNY10069EDUCATION$10,000
COALITION HEALTHY SCHOOL FOOD
737 MAMARONECK AVENUEMAMARONECKNY10543EDUCATION$2,500
MERCY FOR ANIMALS
8033 SUNSET BLVDSTE 864LOS ANGELESCA90046EDUCATION$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$198,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$53RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$20,274RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$465,434RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNEDesc
Related Or Exempt Function Incm$1,371RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$487,132RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$487,132TotalIncomeProducingActyAmt

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$6,105Amt
Net Investment Income$6,105NetInvestmentIncomeAmt

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$3,487,450BookValueAmt
EOYFMV$4,444,683EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryWEBSTER CHAMBERLAIN & BEANCategoryTxt
Legal Fees$245LegalFeesAmt
Net Investment Income$245NetInvestmentIncomeAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED DEPRECIATIONDesc
Amt$140,309Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
EXPENSES
BANK FEES$138$138
PORTFOLIO EXPENSES$2,732$2,732

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
DescACACIA INSTITUTIONAL PARTNERSDesc
Revenue And Expenses Per Books$1,371RevenueAndExpensesPerBooksAmt
Net Investment Income$1,371NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX$8,710$8,710
DELAWARE DIV OF CORP$25$25
NEW YORK ANNUAL FILING FEE$250$250

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