GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-09
IRS object ID
202003149349100210
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 ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-09T06:05:25-08:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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 WAYAddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAJ K GOYALPersonNm
Person TitlePresidentPersonTitleTxt
Signature2020-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHA DIXITPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,051,572FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$1,270ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$10InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$10InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$10InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$18,233DividendsRevAndExpnssAmt
Dividends Net Invst Incm$18,233DividendsNetInvstIncmAmt
Dividends Adj Net Incm$18,233DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$24,399NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$37,370GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,399CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$43,912TotalRevAndExpnssAmt
Total Net Invst Incm$42,642TotalNetInvstIncmAmt
Total Adj Net Incm$18,243TotalAdjNetIncmAmt
Taxes Rev And Expnss$327TaxesRevAndExpnssAmt
Taxes Net Invst Incm$327TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$50OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$50OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$377TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$377TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$46,820ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$46,820ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$47,197TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$377TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$46,820TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,285ExcessRevenueOverExpensesAmt
Net Investment Income$42,265NetInvestmentIncomeAmt
Adjusted Net Income$18,243AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$6,750SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$20,186SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$20,186SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$845,713CorporateStockBOYAmt
Corporate Stock EOY$1,031,387CorporateStockEOYAmt
Corporate Stock EOYFMV$1,031,386CorporateStockEOYFMVAmt
Other Assets BOY$3,750OtherAssetsBOYAmt
Total Assets BOY$856,213TotalAssetsBOYAmt
Total Assets EOY$1,051,573TotalAssetsEOYAmt
Total Assets EOYFMV$1,051,572TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$856,213RetainedEarningBOYAmt
Retained Earning EOY$1,051,573RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$856,213TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,051,573TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$856,213TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,051,573TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$856,213TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,285ExcessRevenueOverExpensesAmt
Other Increases$198,645OtherIncreasesAmt
Subtotal$1,051,573SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,051,573TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
100 INVESCO QQQ TRUST UNIT SER 1 ETFP2007-11-082019-12-17$20,926$5,150$15,776$15,776
136 VANGUARD MCAP VL IDXVIP ETFP2007-03-012019-12-20$16,304$7,821$8,483$8,483
Capital Gain Dividends$140
FieldValueIRS element (for citing)
Capital Gain Net Income$24,399CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$845InvestmentIncomeExciseTaxAmt
Subtotal$845SubtotalAmt
Tax Based On Investment Income$845TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,000EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,000TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$10EsPenaltyAmt
Overpayment$1,145OverpaymentAmt
Applied To ES Tax$1,145AppliedToESTaxAmt

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$969,072AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$11,754AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$980,826TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$980,826AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$14,712CashDeemedCharitableAmt
Net Vl Noncharitable Assets$966,114NetVlNoncharitableAssetsAmt
Minimum Investment Return$48,306MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$48,306MinimumInvestmentReturnAmt
Tax Based On Investment Income$845TaxBasedOnInvestmentIncomeAmt
Total Tax$845TotalTaxAmt
Distributable Before Adj$47,461DistributableBeforeAdjAmt
Distributable Before Ded$47,461DistributableBeforeDedAmt
Distributable As Adjusted$47,461DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$46,820ExpensesAndContributionsAmt
Qualifying Distributions$46,820QualifyingDistributionsAmt
Adjusted Qualifying Distri$46,820AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$47,461DistributableAsAdjustedAmt
Undistributed Income PY$46,445UndistributedIncomePYAmt
Qualifying Distributions$46,820QualifyingDistributionsAmt
Applied To Year1$46,445AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$375AppliedToCurrentYearAmt
Undistributed Income CY$47,086UndistributedIncomeCYAmt

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 (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BRIGHAM WOMEN'S HOSPITAL
1400 VFW PARKWAYWEST ROXBURYMA02132NONE501(C)(3)MEDICAL CARE$14,000
SARVA DEV MANDIR
6 MAIN STREETOXFORDMA01540NONE501(C)(3)RELIGIOUS$2,000
Ramakrishna Vedanta Society of Mass
58 Deerfield StreetBOSTONMA02215NONE501(C)(3)RELIGIOUS$1,000
SAHELI
P O BOX 1345BURLINGTONMA01803NONE501(C)(3)COMMUNITY SUPPORT$1,000
INDIAN CIRCLE FOR CARING USA INC
220 TOTTEN POND ROADWALTHAMMA02451NONE501(C)(3)COMMUNITY SUPPORT$1,000
FOOD PANTRY NATCK
CENTRAL STREETNATICKMA01760NONE501(C)(3)COMMUNITY SERVICES$300
INDIAN SOC OF WORCESTER
P O BOX 945WORCESTERMA01613NONE501(C)(3)CULTURAL, SOCIAL, EDUCATION & CHARITABLE ORG$250
EKAL VIDYLAYA
1712 HWY 6 SOUTH STE AHOUSTONTX77077NONE501(C)(3)EDUCATION$5,000
GLOBALCURESORG
36 SKYVIEW CIRCLENEWTONMA02459NONE501(C)(3)MEDICAL CARE$1,000
LOKVANI
2 LEE AVENUEBURLINGTONMA01803NONENCEDUCTIONAL$400
Hindi Manch
678 LOWELL STLEXINGTONMA02420NONE501(C)(3)EDUCATIONAL$250
AAA-SELDIN
815 FARMINGTON AVEWEST HARFORDCT06119NONE501(C)(3)EDUCATIONAL$2,500
HARVARD UNIVERSITY
HARVARD UNIVERSITY P O BOX 419209BOSTONMA02241NONE501(C)(3)EDUCATIONAL$4,000
WBUR 909 FM
890 COMMONWEALTH AVE 3RD FLOORBOSTONMA02115NONE501(C)(3)MUSICAL ENRICHMENT$120
RISING STAR - AJAY RAO
40A LOEN STREETBOSTONMA02115NONEIEDUCATIONAL$1,000
RISING STAR - SAURABH KUMAR
59 JETWOOD STREETNORTH ANDOVERMA01845NONEIEDUCATIONAL$1,000
AMERICAN GASTRONOMICAL ASSOCIATION
4930 DEL RAY AVENUEBETHESDAMD20814NONE501(C)(3)EDUCATIONAL$10,000
INDIAN MEDICAL ASSOC OF NEW ENGLAND
860 WINTER STREET P O BOX 549132WALTHAMMA02454NONE501(C)(3)EDUCATIONAL$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$46,820TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$18,233RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$140UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$24,259RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$140UnrelatedBusinessTaxblIncmAmt
Related Or Exempt Function Incm$42,502RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$42,642TotalIncomeProducingActyAmt

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 Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK CHARGESDesc
Revenue And Expenses Per Books$50RevenueAndExpensesPerBooksAmt
Net Investment Income$50NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FOREIGN TAX CREDIT WITHHELD$292$292
TAXES - OTHER$35$35

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