FURP.ORG / PUBLIC DATA EXPLORER

ARORA FOUNDATION INC: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
ARORA FOUNDATION INC (EIN 03-0576552)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-10
IRS object ID
202543149349102239
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)
Return2025-11-10T11:54:03-08:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN273435057PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1VESCIO FAMILY ADVISORS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12 DEPOT PLAZA SUITE 403AddressLine1Txt
CityBEDFORD HILLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10507ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030576552EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARORA FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARORBusinessNameControlTxt
Phone2036296029PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line156 ROCKWOOD LANEAddressLine1Txt
CityGREENWICHCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06830ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARPREET ARORAPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-11-10SignatureDt
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 PersonCHRISTOPHER C VESCIO CPAPreparerPersonNm
PTINP00003541PTIN
Phone9143589888PhoneNum
Self EmployedYes (X)SelfEmployedInd
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$3,931,751FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$35,360InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$35,360InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$35,360InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$74,233DividendsRevAndExpnssAmt
Dividends Net Invst Incm$74,233DividendsNetInvstIncmAmt
Dividends Adj Net Incm$74,233DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$27,853NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$322,903GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$27,853CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$27,853NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$137,446TotalRevAndExpnssAmt
Total Net Invst Incm$137,446TotalNetInvstIncmAmt
Total Adj Net Incm$137,446TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$6,250AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$3,814TaxesRevAndExpnssAmt
Trav Conf Meeting Rev And Expnss$4,236TravConfMeetingRevAndExpnssAmt
Other Expenses Rev And Expnss$3,614OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$17,914TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$176,966ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$176,966ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$194,880TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$176,966TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$57,434ExcessRevenueOverExpensesAmt
Net Investment Income$137,446NetInvestmentIncomeAmt
Adjusted Net Income$137,446AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,577CashBOYAmt
Cash EOY$18,409CashEOYAmt
Cash EOYFMV$18,404CashEOYFMVAmt
Other Investments BOY$2,728,071OtherInvestmentsBOYAmt
Other Investments EOY$2,864,072OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,913,347OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,734,648TotalAssetsBOYAmt
Total Assets EOY$2,882,481TotalAssetsEOYAmt
Total Assets EOYFMV$3,931,751TotalAssetsEOYFMVAmt
Other Liabilities BOY$1OtherLiabilitiesBOYAmt
Total Liabilities BOY$1TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$2,734,647RetainedEarningBOYAmt
Retained Earning EOY$2,882,481RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,734,647TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,882,481TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,734,648TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,882,481TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,734,647TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$57,434ExcessRevenueOverExpensesAmt
Other Increases$205,268OtherIncreasesAmt
Subtotal$2,882,481SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,882,481TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Fidelity x7359P2024-12-312024-12-31$272,903$245,024$27,879$27,879
Fidelity x7359P2024-12-312024-12-31$50,000$50,026-$26-$26
FieldValueIRS element (for citing)
Capital Gain Net Income$27,853CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$27,853NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,910InvestmentIncomeExciseTaxAmt
Subtotal$1,910SubtotalAmt
Tax Based On Investment Income$1,910TaxBasedOnInvestmentIncomeAmt
Tax Due$1,910TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

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 StateCTOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 Line1VESCIO FAMILY ADVISORS LLCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9143589888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line12 DEPOT PLAZA SUITE 403AddressLine1Txt
CityBEDFORD HILLSCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10507ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HARPREET ARORA
56 ROCKWOOD LANEGREENWICHCT06830President0.00$0
NISHA ARORA
56 ROCKWOOD LANEGREENWICHCT06830Vice President0.00$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$3,857,611AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$14,968AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,872,579TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,872,579AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$58,089CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,814,490NetVlNoncharitableAssetsAmt
Minimum Investment Return$190,725MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$190,725MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,910TaxBasedOnInvestmentIncomeAmt
Total Tax$1,910TotalTaxAmt
Distributable Before Adj$188,815DistributableBeforeAdjAmt
Distributable Before Ded$188,815DistributableBeforeDedAmt
Distributable As Adjusted$188,815DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$176,966ExpensesAndContributionsAmt
Qualifying Distributions$176,966QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$188,815DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$20,023ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$20,023TotalExcessDistributionCyovAmt
Qualifying Distributions$176,966QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$176,966AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$11,849ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$11,849ExcessDistributionCyovAppCYAmt
Total Corpus$8,174TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$8,174ExcessDistriCyovToNextYrAmt
Excess From Year3$8,174ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHARPREET ARORAContributingManagerNm
Contributing ManagerNISHA ARORAContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (18 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
RYE COUNTRY DAY SCHOOL
3 Cedar StRYENY10580CHAR ORGCHARITABLE CONTRIBUTION$12,500
HARVARD UNIVERSITY
124 MOUNT AUBRUN STREETCAMBRIDGEMA02138CHAR ORGCHARITABLE ORGANIZATION$25,000
INDIA CULTURAL CENTER OF GREENWICH
C/O VFA 2 DEPOT PLAZA SUITE 403BEDFORD HILLSNY10507CHAR ORGCHARITABLE ORGANIZATION$7,500
Guru Tegh Bahadur Foundation
622 West AveNorwalkCT06850CHAR ORGCHARITABLE ORGANIZATION$31,200
Women on Execs Board
VirtualOklahoma CityOK73012CHAR ORGCHARITABLE ORGANIZATION$7,032
Applied Computing
11667 LADERA DRDUBLINCA94568CHAR ORGCHARITABLE ORGANIZATION$1,834
Bruce Museum
1 Museum DriveGreenwichCT06830CHAR ORGCHARITABLE ORGANIZATION$2,500
Citizens Policy Forum
5 Greenwich Office Park STE 455GreenwichCT06831CHAR ORGCHARITABLE ORGANIZATION$5,000
CT MIRROR
1049 Asylum AvenueHartfordCT06105CHAR ORGCHARITABLE ORGANIZATION$5,000
CT Museum
1 Elizabeth StHartfordCT06105CHAR ORGCHARITABLE ORGANIZATION$5,000
Squash Haven
78 Ashmun StNew HavenCT06511CHAR ORGCHARITABLE ORGANIZATION$250
The Museum of Modern Art
11 W 53rd StNew YorkNY10019CHAR ORGCHARITABLE ORGANIZATION$1,500
University of Texas
2515 SpeedwayAustinTX78712CHAR ORGCHARITABLE ORGANIZATION$15,000
Wikipedia
PO Box 98204WashingtonDC20090CHAR ORGCHARITABLE ORGANIZATION$25
Yale University
Yale UniversityNew HavenCT06520CHAR ORGCHARITABLE ORGANIZATION$50,000
Charity Navigator
PO Box 5117BooneIA50950CHARCHARITABLE ORGANIZATION$50
Pratham USA
9703 Richmond Avenue Suite 102HoustonTX77042CHARCHARITABLE ORGANIZATION$5,000
Sikh Human Development Foundation
10504 Rivers Bend LanePotomacMD20854CHARCHARITABLE ORGANIZATION$2,575
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$176,966TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$35,360ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$74,233ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$27,853RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$109,593ExclusionAmt
Related Or Exempt Function Incm$27,853RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$137,446TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$6,250Amt
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 ItemFIDELITY INVESTMENTCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$2,864,072BookValueAmt
EOYFMV$3,913,347EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescOFFICE EXPENSESDesc
Revenue And Expenses Per Books$3,614RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescTRANSFER INDesc
Amt$205,268Amt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmt
Federal Taxes Paid$2,369
Foreign Taxes Paid$1,445