VARUN AND AMEETA GOSAIN FOUNDATION: Form 990PF, tax year 2019

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Organization: VARUN AND AMEETA GOSAIN FOUNDATION (EIN 46-1429291)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-07-10
IRS object ID: 202041929349100344
Schema version: 2019v5.0
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
Form 990-PF
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-07-10T12:23:26-07:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	472202224	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CHUGH CPAS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	15925 Carmenita Rd	AddressLine1Txt
City	Cerritos	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	90703	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	461429291	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VARUN AND AMEETA GOSAIN FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	VARU	BusinessNameControlTxt
Phone	9147255475	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	161 Mamaroneck Rd	AddressLine1Txt
City	Scarsdale	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10583	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	VARUN GOSAIN	PersonNm
Person Title	President	PersonTitleTxt
Signature	2020-07-10	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Baljeet Singh	PreparerPersonNm
PTIN	P01253724	PTIN
Phone	5622291220	PhoneNum

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$1,484,470	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Dividends Rev And Expnss	$152,002	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$152,002	DividendsNetInvstIncmAmt
Dividends Adj Net Incm	$152,002	DividendsAdjNetIncmAmt
Total Rev And Expnss	$152,002	TotalRevAndExpnssAmt
Total Net Invst Incm	$152,002	TotalNetInvstIncmAmt
Total Adj Net Incm	$152,002	TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss	$1,465	OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss	$3,315	TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss	$4,780	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$0	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$173,447	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$173,447	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$178,227	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$173,447	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$26,225	ExcessRevenueOverExpensesAmt
Net Investment Income	$152,002	NetInvestmentIncomeAmt
Adjusted Net Income	$152,002	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Cash BOY	$248	CashBOYAmt
Cash EOY	$33	CashEOYAmt
Cash EOYFMV	$33	CashEOYFMVAmt
Other Investments BOY	$2,528,471	OtherInvestmentsBOYAmt
Other Investments EOY	$2,528,471	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$1,484,437	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$2,528,719	TotalAssetsBOYAmt
Total Assets EOY	$2,528,504	TotalAssetsEOYAmt
Total Assets EOYFMV	$1,484,470	TotalAssetsEOYFMVAmt
Loans From Officers BOY	$37,000	LoansFromOfficersBOYAmt
Loans From Officers EOY	$63,010	LoansFromOfficersEOYAmt
Total Liabilities BOY	$37,000	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$63,010	TotalLiabilitiesEOYAmt
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY	$2,491,719	NoDonorRstrNetAssestsBOYAmt
Tot Net Ast Or Fund Balances BOY	$2,491,719	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$2,465,494	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$2,528,719	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$2,528,504	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$2,491,719	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$26,225	ExcessRevenueOverExpensesAmt
Subtotal	$2,465,494	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$2,465,494	TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$3,040	InvestmentIncomeExciseTaxAmt
Subtotal	$3,040	SubtotalAmt
Tax Based On Investment Income	$3,040	TaxBasedOnInvestmentIncomeAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$97	EsPenaltyAmt
Tax Due	$3,137	TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	false	Form990TFiledInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	DE	OrgReportOrRegisterStateCd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Varun Gosain	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9147255475	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	161 Mamaroneck Rd	AddressLine1Txt
City	Scarsdale	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10583	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
VARUN GOSAIN
161 MAMARONECK RD	SCARSDALE	NY	10583	President	0.50	$0
AMEETA GOSAIN
161 MAMARONECK RD	SCARSDALE	NY	10583	Secretary	0.50	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONE	NONE	CompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,943,184	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$40,720	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$1,983,904	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast	$1,983,904	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$29,759	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$1,954,145	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$97,707	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$97,707	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$3,040	TaxBasedOnInvestmentIncomeAmt
Total Tax	$3,040	TotalTaxAmt
Distributable Before Adj	$94,667	DistributableBeforeAdjAmt
Distributable Before Ded	$94,667	DistributableBeforeDedAmt
Distributable As Adjusted	$94,667	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$173,447	ExpensesAndContributionsAmt
Qualifying Distributions	$173,447	QualifyingDistributionsAmt
Adjusted Qualifying Distri	$173,447	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$94,667	DistributableAsAdjustedAmt
Undistributed Income PY	$170,273	UndistributedIncomePYAmt
Qualifying Distributions	$173,447	QualifyingDistributionsAmt
Applied To Year1	$170,273	AppliedToYear1Amt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$3,174	AppliedToCurrentYearAmt
Undistributed Income CY	$91,493	UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	VARUN GOSAIN	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	Province Or StateRecipientForeignAddress/ProvinceOrStateNm	CountryRecipientForeignAddress/CountryCd	Foreign PostalRecipientForeignAddress/ForeignPostalCd
NEW YORK UNIVERSITY
25 WEST FOURTH STREET 4TH FLOOR	NEW YORK	NY	10012	NONE	PC	Scholarships for NYU Stern students	$25,000
COLUMBIA UNIVERSITY
622 WEST 113TH STREET MAIL CODE4524	NEW YORK	NY	10025	NONE	PC	Support of the Columbia Common Core and Science Honors Program	$10,000
SCHWAB CHARITABLE FUND
211 MAIN STREET FLOOR 10	SAN FRANCISCO	CA	94105	NONE	PC	Support worthwhile organizations through the fund	$124,726
IIM AHMEDABAD ALUMNI ASSOCIATION
94 BRADLEY LANE	BRIDGEWATER	NJ	08807	NONE	POF	To support faculty and students of IIMA	$7,350
MEMORIAL SLOAN KETTERING CANCER CEN
1275 YORK AVENUE	NEW YORK	NY	10065	NONE	PC	To support cancer research.	$4,000
on your mark
645 Forest Ave	Staten Island	NY	10310	NONE	PC	Support individuals with developmental disabilities	$2,000
Foundation Sainte-Justine
				NONE	PC	Support Children's healthcare	$371	5757 Decelles Avenue 500	Montreal	quebec	CA	H3S 2C3

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$173,447	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$152,002	UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$152,002	UnrelatedBusinessTaxblIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$152,002	TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Field	Value	IRS element (for citing)
Line Number	4	LineNumberTxt
Relationship Statement	The objective of investments is to generate income that can be used in the support of worthwhile causes.	RelationshipStatementTxt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	Professional Fees	CategoryTxt
Amt	$1,465	Amt
Net Investment Income	$0	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt
Disbursements Charitable Prps	$0	DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	Taxes	CategoryTxt
Amt	$3,315	Amt

VARUN AND AMEETA GOSAIN FOUNDATION: Form 990PF, tax year 2019

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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