GIGGLE FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
GIGGLE FOUNDATION (EIN 46-1156385)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-09-07
IRS object ID
202032589349101013
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)
Return2020-09-07T17:48:09-04:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN450505886PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1IP Consulting Accountancy CorpBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1981 Corporate Center Dr Ste 168AddressLine1Txt
CityPomonaCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91768ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461156385EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE GIGGLE FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGIGLBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18194 W DEER VALLEY RD 106-333AddressLine1Txt
CityPeoriaCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85382ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSANAT PATELPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone6238780258PhoneNum
Signature2020-09-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonIra PutraPreparerPersonNm
PTINP01391844PTIN
Phone9096203900PhoneNum
Preparation2020-09-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address47.180.73.70IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-09-14IPDt
IP Tm20:04:43IPTm
Federal Original Submission Id9558592020258dq2cnerFederalOriginalSubmissionId
Federal Original Submission Id2020-09-14FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB395428916BEEEDB89B2A24C7444F4F0EAD7B2CFAtSubmissionCreationDeviceId
At Submission Filing Device IdB395428916BEEEDB89B2A24C7444F4F0EAD7B2CFAtSubmissionFilingDeviceId
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$594,090FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$18,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$685DividendsRevAndExpnssAmt
Dividends Net Invst Incm$685DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$480NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$480GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$480CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$19,165TotalRevAndExpnssAmt
Total Net Invst Incm$1,165TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,045AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$32TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$34OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$2,111TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$20,460ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$20,460ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$22,571TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$20,460TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,406ExcessRevenueOverExpensesAmt
Net Investment Income$1,165NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$5,467CashBOYAmt
Cash EOY$3,280CashEOYAmt
Cash EOYFMV$3,280CashEOYFMVAmt
Other Investments BOY$492,055OtherInvestmentsBOYAmt
Other Investments EOY$590,810OtherInvestmentsEOYAmt
Other Investments EOYFMV$590,810OtherInvestmentsEOYFMVAmt
Total Assets BOY$497,522TotalAssetsBOYAmt
Total Assets EOY$594,090TotalAssetsEOYAmt
Total Assets EOYFMV$594,090TotalAssetsEOYFMVAmt
Accounts Payable EOY$2,384AccountsPayableEOYAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,384TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$497,522NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$591,706NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$497,522TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$591,706TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$497,522TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$594,090TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$497,522TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,406ExcessRevenueOverExpensesAmt
Other Increases$97,590OtherIncreasesAmt
Subtotal$591,706SubtotalAmt
Tot Net Ast Or Fund Balances EOY$591,706TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCAPITAL GAIN DISTRIBUTIONPropertyDesc
Gross Sales Price$480GrossSalesPriceAmt
Gain Or Loss$480GainOrLossAmt
Gains Minus Excess Or Losses$480GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$480CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$500AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$509,330NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.000982DistributionYr1Rt
Adjusted Qlfy Distri Yr2$25,500AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$437,550NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.058279DistributionYr2Rt
Adjusted Qlfy Distri Yr3$28,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$360,884NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.077587DistributionYr3Rt
Adjusted Qlfy Distri Yr4$20,000AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$343,769NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.058179DistributionYr4Rt
Adjusted Qlfy Distri Yr5$20,042AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$338,593NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.059192DistributionYr5Rt
Total Distribution0.254219TotalDistributionRt
Average Distribution0.050844AverageDistributionRt
Net Vl Noncharitable Assets$534,494NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$27,176AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$12NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$27,188AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$20,460QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$23InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$23SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$23TaxBasedOnInvestmentIncomeAmt
Es Penalty$2EsPenaltyAmt
Tax Due$25TaxDueAmt

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 StateAZOrgReportOrRegisterStateCd
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
Individual With BooksSANAT PATELIndividualWithBooksNm
Phone6238780258PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line18194 W DEER VALLEY RD 106-333AddressLine1Txt
CityPeoriaCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85382ZIPCd
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
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
SUNDIP PATEL
8194 W DEER VALLEY RD 106-333PeoriaAZ85382PRESIDENT2.00$0$0$0
SANAT PATEL
8194 W DEER VALLEY RD 106-333PeoriaAZ85382DIRECTOR2.00$0$0$0
TANYA MANSOUR
8194 W DEER VALLEY RD 106-333PeoriaAZ85382DIRECTOR2.00$0$0$0
JAGRUTI PATEL
8194 W DEER VALLEY RD 106-333PeoriaAZ85382DIRECTOR2.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$537,143AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,490AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$542,633TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$542,633AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$8,139CashDeemedCharitableAmt
Net Vl Noncharitable Assets$534,494NetVlNoncharitableAssetsAmt
Minimum Investment Return$26,725MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$26,725MinimumInvestmentReturnAmt
Tax Based On Investment Income$23TaxBasedOnInvestmentIncomeAmt
Total Tax$23TotalTaxAmt
Distributable Before Adj$26,702DistributableBeforeAdjAmt
Distributable Before Ded$26,702DistributableBeforeDedAmt
Distributable As Adjusted$26,702DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$20,460ExpensesAndContributionsAmt
Qualifying Distributions$20,460QualifyingDistributionsAmt
Adjusted Qualifying Distri$20,460AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$26,702DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,168ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,829ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$9,961ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$3,649ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$19,607TotalExcessDistributionCyovAmt
Qualifying Distributions$20,460QualifyingDistributionsAmt
Applied To Current Year$20,460AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$6,242ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$6,242ExcessDistributionCyovAppCYAmt
Total Corpus$13,365TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$13,365ExcessDistriCyovToNextYrAmt
Excess From Year3$9,716ExcessFromYear3Amt
Excess From Year2$3,649ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (5 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
PRATHAM USA
9703 RICHMOND AVE SUITE 102HoustonTX77042PCGENERAL OPERATIONS$10,000
CORNERSTONE DAY CENTRE
PCGENERAL OPERATIONS$1,500104B DENMARK ROADMANCHESTERUKM15 6JS
ST JUDE CHILDREN RESEARCH HOSPITAL
262 DENNY THOMAS PLACEMemphisTN38105PCGENERAL OPERATIONS$5,000
MAKE A WISH FOUNDATION
2901 N 78TH STREETScottsdaleAZ85251PCGENERAL OPERATIONS$1,500
THE CHILDRENS RELIEF FUND
PO BOX 90072BrooklynNY11209PCGENERAL OPERATIONS$2,460
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$20,460TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$685ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$480ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,165ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,165TotalIncomeProducingActyAmt

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
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonAVANA CAPITAL LLCContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line18194 W DEER VALLEY RD SUITE 106-33AddressLine1Txt
CityPeoriaCityNm
State AbbreviationAZStateAbbreviationCd
ZIP85382ZIPCd
FieldValueIRS element (for citing)
Total Contributions$18,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$2,045Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDCategoryOrItemTxt
Book Value$590,810BookValueAmt
EOYFMV$590,810EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBank FeesDesc
Revenue And Expenses Per Books$34RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescNET UNREALIZED GAINSLOSSES ON INVDesc
Amt$97,590Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$32Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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