GIGGLE FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GIGGLE FOUNDATION (EIN 46-1156385)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-10-24
IRS object ID
201823099349100422
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)
Return2018-10-24T13:45:55-04:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

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 Begin2017-01-01TaxPeriodBeginDt

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
Signature2018-09-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonIra PutraPreparerPersonNm
PTINP01391844PTIN
Phone9096203900PhoneNum
Preparation2018-10-24PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address47.180.73.70IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-05IPDt
IP Tm12:08:30IPTm
Federal Original Submission Id9558592018309fo2vj1wFederalOriginalSubmissionId
Federal Original Submission Id2018-11-05FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdB395428916BEEEDB89B2A24C7444F4F0EAD7B2CFAtSubmissionCreationDeviceId
At Submission Filing Device IdB395428916BEEEDB89B2A24C7444F4F0EAD7B2CFAtSubmissionFilingDeviceId
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$495,541FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$29,050ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$519DividendsRevAndExpnssAmt
Dividends Net Invst Incm$519DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$850NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$850GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$850CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$30,419TotalRevAndExpnssAmt
Total Net Invst Incm$1,369TotalNetInvstIncmAmt
Taxes Rev And Expnss$5TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$90OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$95TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$25,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$25,500ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$25,595TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$25,500TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$4,824ExcessRevenueOverExpensesAmt
Net Investment Income$1,369NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,538CashBOYAmt
Cash EOY$5,994CashEOYAmt
Cash EOYFMV$5,994CashEOYFMVAmt
Other Investments BOY$388,302OtherInvestmentsBOYAmt
Other Investments EOY$489,547OtherInvestmentsEOYAmt
Other Investments EOYFMV$489,547OtherInvestmentsEOYFMVAmt
Total Assets BOY$390,840TotalAssetsBOYAmt
Total Assets EOY$495,541TotalAssetsEOYAmt
Total Assets EOYFMV$495,541TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$390,840UnrestrictedBOYAmt
Unrestricted EOY$495,541UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$390,840TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$495,541TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$390,840TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$495,541TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$390,840TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$4,824ExcessRevenueOverExpensesAmt
Other Increases$99,877OtherIncreasesAmt
Subtotal$495,541SubtotalAmt
Tot Net Ast Or Fund Balances EOY$495,541TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyCAPITAL GAIN DISTRIBUTIONSPropertyDesc
Gross Sales Price$850GrossSalesPriceAmt
Gain Or Loss$850GainOrLossAmt
Gains Minus Excess Or Losses$850GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$850CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$28,000AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$360,884NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.077587DistributionYr1Rt
Adjusted Qlfy Distri Yr2$20,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$343,769NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.058179DistributionYr2Rt
Adjusted Qlfy Distri Yr3$20,042AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$338,593NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.059192DistributionYr3Rt
Adjusted Qlfy Distri Yr4$42,053AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$221,938NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.189481DistributionYr4Rt
Total Distribution0.384439TotalDistributionRt
Average Distribution0.076888AverageDistributionRt
Net Vl Noncharitable Assets$437,550NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$33,642AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$14NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$33,656AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$25,500QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$27InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$27SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$27TaxBasedOnInvestmentIncomeAmt
Tax Due$27TaxDueAmt

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

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$440,806AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,407AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$444,213TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$444,213AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$6,663CashDeemedCharitableAmt
Net Vl Noncharitable Assets$437,550NetVlNoncharitableAssetsAmt
Minimum Investment Return$21,878MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$21,878MinimumInvestmentReturnAmt
Tax Based On Investment Income$27TaxBasedOnInvestmentIncomeAmt
Total Tax$27TotalTaxAmt
Distributable Before Adj$21,851DistributableBeforeAdjAmt
Distributable Before Ded$21,851DistributableBeforeDedAmt
Distributable As Adjusted$21,851DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$25,500ExpensesAndContributionsAmt
Qualifying Distributions$25,500QualifyingDistributionsAmt
Adjusted Qualifying Distri$25,500AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$21,851DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$31,032ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$3,168ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,829ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$9,961ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$46,990TotalExcessDistributionCyovAmt
Qualifying Distributions$25,500QualifyingDistributionsAmt
Applied To Current Year$21,851AppliedToCurrentYearAmt
Remaining Distri From Corpus$3,649RemainingDistriFromCorpusAmt
Total Corpus$50,639TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$50,639ExcessDistriCyovToNextYrAmt
Excess From Year4$31,032ExcessFromYear4Amt
Excess From Year3$3,168ExcessFromYear3Amt
Excess From Year2$2,829ExcessFromYear2Amt
Excess From Year1$9,961ExcessFromYear1Amt
Excess From Current Year$3,649ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
PHOENIX CHILDRENS HOSPITAL
1919 E THOMAS RDPhoenixAZ85006PCGENERAL OPERATIONS$10,000
PRATHAM USA
9703 RICHMOND AVE SUITE 102HoustonTX77042PCGENERAL OPERATIONS$5,000
LIONS FOUNDATION OF AZ
3124 E ROOSEVELT ST SUITE 3PhoenixAZ85008PCGENERAL OPERATIONS$500
STJUDE CHILDRENS RESEARCH HOSPITA
262 DANNY THOMAS PLACEMEMPHISTN38105PCGENERAL OPERATIONS$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$25,500TotalGrantOrContriPdDurYrAmt
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$519ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$850ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,369ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,369TotalIncomeProducingActyAmt

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 (5 entries)

ContributorContributorNumAddress Line1ContributorUSAddress/AddressLine1TxtCityContributorUSAddress/CityNmState AbbreviationContributorUSAddress/StateAbbreviationCdZIPContributorUSAddress/ZIPCdTotal ContributionsTotalContributionsAmtPerson ContributionPersonContributionInd
AVANA CAPITAL LLC
18194 W DEER VALLEY RD SUITE 106-33PeoriaAZ85382$5,000Yes (X)
SANAT B PATEL
28801 W JJ RANCH ROADPeoriaAZ85383$6,013Yes (X)
JAGRUTI S PATEL
38801 W JJ RANCH ROADPeoriaAZ85383$6,013Yes (X)
SUNDIP PATEL
48194 W DEER VALLEY RD STE 106333PeoriaAZ85382$6,013Yes (X)
TANYA MANSOUR
58194 W DEER VALLEY RD STE 106333PeoriaAZ85382$6,013Yes (X)

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemMUTUAL FUNDCategoryOrItemTxt
Book Value$489,547BookValueAmt
EOYFMV$489,547EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBUSINESS REGISTRATION FEESDesc
Revenue And Expenses Per Books$90RevenueAndExpensesPerBooksAmt
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$99,877Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFEDERAL TAXESCategoryTxt
Amt$5Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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