GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201803199349105530
Schema version
2017v2.2
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)
Return2018-11-15T18:08:19-08:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHA DIXITPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$964,006FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$46,410ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$14,903DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,903DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,903DividendsAdjNetIncmAmt
Total Rev And Expnss$61,313TotalRevAndExpnssAmt
Total Net Invst Incm$14,903TotalNetInvstIncmAmt
Total Adj Net Incm$14,903TotalAdjNetIncmAmt
Taxes Rev And Expnss$264TaxesRevAndExpnssAmt
Taxes Net Invst Incm$264TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$35OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$35OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$299TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$299TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,100ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,100ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,399TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$299TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$18,100TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$42,914ExcessRevenueOverExpensesAmt
Net Investment Income$14,604NetInvestmentIncomeAmt
Adjusted Net Income$14,903AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$13,196SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$9,701SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$9,701SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY$599,728CorporateStockBOYAmt
Corporate Stock EOY$954,305CorporateStockEOYAmt
Corporate Stock EOYFMV$954,305CorporateStockEOYFMVAmt
Total Assets BOY$612,924TotalAssetsBOYAmt
Total Assets EOY$964,006TotalAssetsEOYAmt
Total Assets EOYFMV$964,006TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$612,924RetainedEarningBOYAmt
Retained Earning EOY$964,006RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$612,924TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$964,006TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$612,924TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$964,006TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$612,924TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$42,914ExcessRevenueOverExpensesAmt
Other Increases$308,168OtherIncreasesAmt
Subtotal$964,006SubtotalAmt
Tot Net Ast Or Fund Balances EOY$964,006TotNetAstOrFundBalancesEOYAmt

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$292InvestmentIncomeExciseTaxAmt
Subtotal$292SubtotalAmt
Tax Based On Investment Income$292TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$400ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$400TotalPaymentsAndCreditsAmt
Overpayment$108OverpaymentAmt
Refund$108RefundAmt

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
Form990 T FiledfalseForm990TFiledInd
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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

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
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
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$850,096AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$21,823AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$871,919TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$871,919AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$13,079CashDeemedCharitableAmt
Net Vl Noncharitable Assets$858,840NetVlNoncharitableAssetsAmt
Minimum Investment Return$42,942MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$42,942MinimumInvestmentReturnAmt
Tax Based On Investment Income$292TaxBasedOnInvestmentIncomeAmt
Total Tax$292TotalTaxAmt
Distributable Before Adj$42,650DistributableBeforeAdjAmt
Distributable Before Ded$42,650DistributableBeforeDedAmt
Distributable As Adjusted$42,650DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,100ExpensesAndContributionsAmt
Qualifying Distributions$18,100QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,100AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$42,650DistributableAsAdjustedAmt
Undistributed Income PY$18,099UndistributedIncomePYAmt
Qualifying Distributions$18,100QualifyingDistributionsAmt
Applied To Year1$18,099AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1AppliedToCurrentYearAmt
Undistributed Income CY$42,649UndistributedIncomeCYAmt

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 (12 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$9,000
SARVA DEV MANDIR
6 MAIN STREETOXFORDMA01540NONE501(C)(3)RELIGIOUS$1,000
Ramakrishna Vedanta Society of Mass
58 Deerfield StreetBOSTONMA02215NONE501(C)(3)RELIGIOUS$1,000
WBUR RADIO
BAIRD ROADPENFIELDNY14526NONE501(C)(3)MUSICAL ENRICHMENT$200
INDIAN CIRCLE FOR CARING USA INC
220 TOTTEN POND ROADWALTHAMMA02451NONE501(C)(3)COMMUNITY SUPPORT$1,000
FOOD PANTRY NATCK
CENTRAL STREETNATICKMA01760NONECOMMUNITY SERVICES$300
GLOBALCURESORG
36 SKYVIEW CIRCLENEWTONMA02459NONE501 (C)(3MEDICAL CARE$1,000
JANANI BASKARAN
2 OLD OREGON TRAILACTONMA01720NONEIEDUCTIONAL SCHOLARSHIP$1,000
SUHAS DASARI
14 SANDPIPER WAYSHARONMA02067NONEIEDUCATIONAL SCHOLARSHIP$1,000
ELIZABETH LI
320 MEMORIAL DRCAMBRIDGEMA02139NONEIEDUCATIONAL SCHOLARSHIP$1,000
SHASHANK MISHRA
270 OAK STREETSHREWSBURYMA01545NONEIEDUCTIONAL SCHOLARSHIP$1,000
LOKVANI
2 LEE AVENUEBURLINGTONMA01803NONENCEDUCTIONAL$600
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,100TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Related Or Exempt Function Incm$14,903RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$14,903RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,903TotalIncomeProducingActyAmt

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 PersonRAJ K AND PREM GOYALContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line140 NOUVELLE WAY UNIT 1041AddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd
FieldValueIRS element (for citing)
Total Contributions$46,410TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyQQQ SHARESNoncashPropertyDesc
Fair Market Value$46,410FairMarketValueAmt
Received2017-12-11ReceivedDt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockfidelityStockNm
EOY Book Value$954,305EOYBookValueAmt
EOYFMV$954,305EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescATTORNEY GENERAL FILING FEESDesc
Revenue And Expenses Per Books$35RevenueAndExpensesPerBooksAmt
Net Investment Income$35NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
Amt$264Amt
Net Investment Income$264NetInvestmentIncomeAmt

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