GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-16
IRS object ID
202533209349100138
Schema version
2024v5.2
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)
Return2025-11-16T14:26:06-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

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 Begin2024-01-01TaxPeriodBeginDt

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 WAY 1041AddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAJ K GOYALPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-11-16SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHA DIXITPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$1,791,720FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$104,035ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$140InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$140InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$140InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$19,592DividendsRevAndExpnssAmt
Dividends Net Invst Incm$19,592DividendsNetInvstIncmAmt
Dividends Adj Net Incm$19,592DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$24,815NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$45,981GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$24,815CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$148,582TotalRevAndExpnssAmt
Total Net Invst Incm$44,547TotalNetInvstIncmAmt
Total Adj Net Incm$19,732TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$3,000AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$1,141TaxesRevAndExpnssAmt
Taxes Net Invst Incm$71TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$600OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,741TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$71TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$63,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$63,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$67,741TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$71TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$63,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$80,841ExcessRevenueOverExpensesAmt
Net Investment Income$44,476NetInvestmentIncomeAmt
Adjusted Net Income$19,732AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$45,527CashBOYAmt
Cash EOY$22,429CashEOYAmt
Cash EOYFMV$22,429CashEOYFMVAmt
Corporate Stock BOY$1,409,796CorporateStockBOYAmt
Corporate Stock EOY$1,769,292CorporateStockEOYAmt
Corporate Stock EOYFMV$1,769,291CorporateStockEOYFMVAmt
Total Assets BOY$1,455,323TotalAssetsBOYAmt
Total Assets EOY$1,791,721TotalAssetsEOYAmt
Total Assets EOYFMV$1,791,720TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$1,455,323RetainedEarningBOYAmt
Retained Earning EOY$1,791,721RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$1,455,323TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,791,721TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,455,323TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,791,721TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,455,323TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$80,841ExcessRevenueOverExpensesAmt
Other Increases$255,557OtherIncreasesAmt
Subtotal$1,791,721SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,791,721TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
Property1002 Wisdom Tree IndiaPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2023-01-01AcquiredDt
Sold2024-12-24SoldDt
Gross Sales Price$45,981GrossSalesPriceAmt
Cost Or Other Basis$21,166CostOrOtherBasisAmt
Gain Or Loss$24,815GainOrLossAmt
Gains Minus Excess Or Losses$24,815GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$24,815CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$618InvestmentIncomeExciseTaxAmt
Subtotal$618SubtotalAmt
Tax Based On Investment Income$618TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,992EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,992TotalPaymentsAndCreditsAmt
Overpayment$2,374OverpaymentAmt
Applied To ES Tax$2,374AppliedToESTaxAmt

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$1,618,946AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$39,589AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$1,658,535TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$1,658,535AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$24,878CashDeemedCharitableAmt
Net Vl Noncharitable Assets$1,633,657NetVlNoncharitableAssetsAmt
Minimum Investment Return$81,683MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$81,683MinimumInvestmentReturnAmt
Tax Based On Investment Income$618TaxBasedOnInvestmentIncomeAmt
Total Tax$618TotalTaxAmt
Distributable Before Adj$81,065DistributableBeforeAdjAmt
Distributable Before Ded$81,065DistributableBeforeDedAmt
Distributable As Adjusted$81,065DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$63,000ExpensesAndContributionsAmt
Qualifying Distributions$63,000QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$81,065DistributableAsAdjustedAmt
Undistributed Income PY$56,539UndistributedIncomePYAmt
Qualifying Distributions$63,000QualifyingDistributionsAmt
Applied To Year1$56,539AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$6,461AppliedToCurrentYearAmt
Undistributed Income CY$74,604UndistributedIncomeCYAmt

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
SARVA DEV MANDIR
6 MAIN STREETOXFORDMA01540NONE501(C)(3)RELIGIOUS$1,000
Ramakrishna Vedanta Society of Mass
58 Deerfield StreetBOSTONMA02215NONE501(C)(3)RELIGIOUS$1,000
GLOBALCURESORG
36 SKYVIEW CIRCLENEWTONMA02459NONE501(C)(3)MEDICAL CARE$1,000
NATICK SERVICE COUNCIL INC
40 NOUVELL WAY UNIT 1041NATICKMA01760NONE501(C)(3)COMMUNITY SUPPORT$300
Hindi Manch
678 LOWELL STLEXINGTONMA02420NONE501(C)(3)EDUCATIONAL$500
Boston Cardiac Foundation
50 Tremont St 104MelroseMA02176NONE501(C)(3)EDUCATIONAL$1,000
American Physiology Society
6120 EXECUTIVE BLVD SUITE 600ROCKVILLEMD20852NONE501(C)(3)EDUCATIONAL$5,000
American Pancreatic Association
2508 W 71ST STPRAIRIE VILLAGEKS66208NONE501(C)(3)EDUCATIONAL$5,000
BAYLOR COLLEGE OF MEDICINE
P O BOX 4976HOUSTONTX77210NONE501(C)(3)EDUCATIONAL$1,000
SALVATION ARMY OF MASS
GIFT PROCESSING CENTER PO BOX 55876BOSTONMA02205NONE501(C)(3)EDUCATIONAL$200
INDIAN MEDICAL SOCIAL
43 SOLOMON PIERCE RDLEXINGTONMA02420NONE501(C)(3)EDUCATIONAL$42,000
India Development Arpana Research
5821 MOSSROCK DRIVENORTH BETHESDAMD20852NONE501(C)(3)EDUCATIONAL$5,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$63,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$140RelatedOrExemptFunctionIncmAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$19,592RelatedOrExemptFunctionIncmAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$24,815RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$44,547RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$44,547TotalIncomeProducingActyAmt

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$104,035TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertyVANGUARD VALUE ETF - 600 SHARES AT $173.50NoncashPropertyDesc
Fair Market Value$104,035FairMarketValueAmt
Received2024-10-08ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryACCOUNTING FEESCategoryTxt
Amt$3,000Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOFFICE EXPENSESDesc
Revenue And Expenses Per Books$600RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
FEDERAL TAXES$1,000
FOREIGN TAXES$71$71
Taxes - other$70

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