FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-04-06
IRS object ID
202010979349100501
Schema version
2019v5.1
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)
Return2020-04-06T09:03:02-00:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-03-30SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEONARD ZIMMERMANPreparerPersonNm
Phone7325360830PhoneNum
Preparation2020-04-06PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address69.112.85.232IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-04-06IPDt
IP Tm12:50:05IPTm
IP TimezoneEDIPTimezoneCd
Federal Original Submission Id2272192020081tid15qcFederalOriginalSubmissionId
Federal Original Submission Id2020-04-02FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB425F1594AA7FA232AB4C09411ED3DBADFC9F6AEAtSubmissionCreationDeviceId
At Submission Filing Device IdB425F1594AA7FA232AB4C09411ED3DBADFC9F6AEAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$299,427FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$5,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$16,646DividendsRevAndExpnssAmt
Dividends Net Invst Incm$16,646DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$21,646TotalRevAndExpnssAmt
Total Net Invst Incm$16,646TotalNetInvstIncmAmt
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$8,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,700TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$12,946ExcessRevenueOverExpensesAmt
Net Investment Income$16,646NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$28,166CashBOYAmt
Cash EOY$29,406CashEOYAmt
Cash EOYFMV$29,406CashEOYFMVAmt
Corporate Stock BOY$157,854CorporateStockBOYAmt
Corporate Stock EOY$169,560CorporateStockEOYAmt
Corporate Stock EOYFMV$270,021CorporateStockEOYFMVAmt
Total Assets BOY$186,020TotalAssetsBOYAmt
Total Assets EOY$198,966TotalAssetsEOYAmt
Total Assets EOYFMV$299,427TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$186,020RetainedEarningBOYAmt
Retained Earning EOY$198,966RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$186,020TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$198,966TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$186,020TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$198,966TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$186,020TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$12,946ExcessRevenueOverExpensesAmt
Subtotal$198,966SubtotalAmt
Tot Net Ast Or Fund Balances EOY$198,966TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$8,635AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$247,356NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000000.034909DistributionYr1Rt
Adjusted Qlfy Distri Yr2$8,350AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$260,612NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000000.032040DistributionYr2Rt
Adjusted Qlfy Distri Yr3$6,600AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$217,011NetVlNoncharitableAssetsYr3Amt
Distribution Yr3000000.030413DistributionYr3Rt
Adjusted Qlfy Distri Yr4$8,565AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$172,286NetVlNoncharitableAssetsYr4Amt
Distribution Yr4000000.049714DistributionYr4Rt
Adjusted Qlfy Distri Yr5$5,800AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$199,207NetVlNoncharitableAssetsYr5Amt
Distribution Yr5000000.029115DistributionYr5Rt
Total Distribution000000.176191TotalDistributionRt
Average Distribution000000.035238AverageDistributionRt
Net Investment Income Pct$166NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$166AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,700QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$166InvestmentIncomeExciseTaxAmt
Subtotal$166SubtotalAmt
Tax Based On Investment Income$166TaxBasedOnInvestmentIncomeAmt
Tax Due$166TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
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 RqrfalseComplyWithPublicInspRqrInd
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
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd
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$166TaxBasedOnInvestmentIncomeAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,700ExpensesAndContributionsAmt
Qualifying Distributions$8,700QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$166PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$8,534AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

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

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$8,700CurrentYearAmt
Year1$8,800Year1Amt
Year2$8,500Year2Amt
Year3$6,600Year3Amt
Total$32,600TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$8,700CurrentYearAmt
Year1$8,800Year1Amt
Year2$8,500Year2Amt
Year3$6,600Year3Amt
Total$32,600TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Year2$8,687Year2Amt
Year3$7,234Year3Amt
Total$15,921TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Year2$8,687Year2Amt
Year3$7,234Year3Amt
Total$15,921TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Year2$15,008Year2Amt
Year3$13,107Year3Amt
Total$28,115TotalAmt

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 (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CARE
151 ELLIS STREETATLANTAGA30303HUMANITARIAN$500
OXFPAM AMERICA
PO BOX 7011ALBERT LEAMN56004HUMANITARIAN$500
BOSTON SYMPHONY
301 MASS AVEBOSTONMA02115HUMANITARIAN$200
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741HUMANITARIAN$600
UNICEF
PO BOX 2770NEWARKNJ07101HUMANITARIAN$600
EARTH JUSTICE
90 CALIFORNIA STSAN FRANCISCOCA94111HUMANITARIAN$400
AMNESTY INTERNATIONAL
PO BOX 96756WASHINGTONDC20077HUMANITARIAN$400
BELMONT PUBLIC LIBRARY
336 CONCORD AVEBELMONTMA02478HUMANITARIAN$300
IMPERIAL COLLEGE FOUNDATION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$400
WGBH RADIO
ONE GUEST STBOSTONMA02135HUMANITARIAN$600
WGBH PUBLIC TELEVISION
ONE GUEST STBOSTONMA02135HUMANITARIAN$600
HUMAN NEEDS FOOD PANTRY
9 LABEL STMONTCLAIRNJ07042HUMANITARIAN$300
AMERICAN ASSOC FOR ADVANCEMENT OF SCIENCE
1200 NY AVE NWWASHINGTONDC20005HUMANITARIAN$300
PLANNED PARENTHOOD
PO BOX 7166WASHINGTONDC20077HUMANITARIAN$700
BELMONT FOOD PANTRY
PO BOX 9191CONCORDMA01742HUMANITARIAN$400
ROSIES PLACE
PO BOX 51399BOSTONMA02205HUMANITARIAN$600
HORIZON'S OF HOMELESS CHILDREN
1705 COLUMBUS AVEROXBURYMA02119HUMANITARIAN$500
FOUNDATION OF BELMONT EDUCATION
PO BOX 518BELMONTMA02478HUMANITARIAN$600
FRIENDS OF THE BELMONT COUNCIL
266 BEECH STBELMONTMA02478HUMANITARIAN$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$16,646UnrelatedBusinessTaxblIncmAmt
Exclusion14ExclusionCd

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$16,646UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$16,646TotalIncomeProducingActyAmt

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

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (7 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
1213 shares of Pfizer$12,594$47,525
2765 shares of BLACK ROCK EQUITY$27,498$57,535
2509 shares of BLAC K ROCK MULTI ASSET$27,480$27,498
420 shares of MFS VALUE$11,815$18,446
2182 shares of PUTNAM DIVERSIFIED INCOME TRUST$15,039$15,214
1524 shares of MS INTERNATIONAL$30,489$31,149
1909 shares of CLEARBRIDGE LARGE CAP$44,645$72,654

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