FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-03-21
IRS object ID
201610819349100211
Schema version
2015v2.1
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)
Return2016-03-21T03:16:23-00:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LEONARD ZIMMERMAN CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1280 UNION HILL ROADAddressLine1Txt
CityMANALAPANCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07726ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN223769532EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GANGULY FAMILY FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGANGBusinessNameControlTxt
Phone9737467245PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1197 CLAFLIN STREETAddressLine1Txt
CityBELMONTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHIT GANGULYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2016-03-08SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLeonard ZimmermanPreparerPersonNm
Phone7325360830PhoneNum
Preparation2016-03-21PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$210,202FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$10,000ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$17InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$17InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$13,441DividendsRevAndExpnssAmt
Dividends Net Invst Incm$13,441DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$23,458TotalRevAndExpnssAmt
Total Net Invst Incm$13,458TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$150OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$150TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$8,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$8,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$8,850TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$8,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$14,608ExcessRevenueOverExpensesAmt
Net Investment Income$13,458NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$13,974CashBOYAmt
Cash EOY$17,842CashEOYAmt
Cash EOYFMV$17,842CashEOYFMVAmt
Corporate Stock BOY$114,905CorporateStockBOYAmt
Corporate Stock EOY$125,645CorporateStockEOYAmt
Corporate Stock EOYFMV$192,360CorporateStockEOYFMVAmt
Total Assets BOY$128,879TotalAssetsBOYAmt
Total Assets EOY$143,487TotalAssetsEOYAmt
Total Assets EOYFMV$210,202TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$128,879RetainedEarningBOYAmt
Retained Earning EOY$143,487RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$128,879TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$143,487TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$128,879TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$143,487TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$128,879TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$14,608ExcessRevenueOverExpensesAmt
Subtotal$143,487SubtotalAmt
Tot Net Ast Or Fund Balances EOY$143,487TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$5,800AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$199,207NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000.029115DistributionYr1Rt
Adjusted Qlfy Distri Yr2$7,200AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$166,128NetVlNoncharitableAssetsYr2Amt
Distribution Yr2000.043340DistributionYr2Rt
Total Distribution000.072455TotalDistributionRt
Average Distribution000.036228AverageDistributionRt
Net Vl Noncharitable Assets$172,286NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$6,242AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$135NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$6,377AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$8,700QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$135InvestmentIncomeExciseTaxAmt
Subtotal$135SubtotalAmt
Tax Based On Investment Income$135TaxBasedOnInvestmentIncomeAmt
Tax Due$135TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
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 StateNJOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationYes (true)PrivateOperatingFoundationInd
New Substantial ContributorsYes (true)NewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressNoneWebsiteAddressTxt
Individual With BooksDr Ashit K GangulyIndividualWithBooksNm
Phone6174843806PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1197 CLAFLIN STREETAddressLine1Txt
CityBELMONtCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd
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 PYYes (true)UndistributedIncomePYInd
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

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
Dr Ashit Ganguly
197 CAFLIN STREETBELMONTMA02478President010.00$0
Jean Ganguly
197 CAFLIN STREETBELMONTMA02478Vic President010.00$0
Nomita Ganguly
133 St Botolphy StreetBostonMA02115Secy/ Treas010.00$0

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1Payments to 501(c)(3) charitable organizationsDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt
Description2N/ADescription2Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$159,002AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$15,908AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$174,910TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$174,910AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$2,624CashDeemedCharitableAmt
Net Vl Noncharitable Assets$172,286NetVlNoncharitableAssetsAmt
Minimum Investment Return$8,614MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$8,614MinimumInvestmentReturnAmt
Tax Based On Investment Income$135TaxBasedOnInvestmentIncomeAmt
Total Tax$135TotalTaxAmt
Distributable Before Adj$8,479DistributableBeforeAdjAmt
Distributable Before Ded$8,479DistributableBeforeDedAmt
Distributable As Adjusted$8,479DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$8,700ExpensesAndContributionsAmt
Qualifying Distributions$8,700QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$135PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$8,565AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$8,479DistributableAsAdjustedAmt
Undistributed Income PY$6,265UndistributedIncomePYAmt
Prior Year12011PriorYear1Yr
Prior Year22012PriorYear2Yr
Prior Year32013PriorYear3Yr
Total For Prior Years$5,562TotalForPriorYearsAmt
Qualifying Distributions$8,700QualifyingDistributionsAmt
Applied To Year1$6,265AppliedToYear1Amt
Applied To Current Year$2,435AppliedToCurrentYearAmt
Prior Year Undistributed Incm$5,562PriorYearUndistributedIncmAmt
Taxable1$5,562Taxable1Amt
Undistributed Income CY$6,044UndistributedIncomeCYAmt

Private Operating Foundations PrivateOperatingFoundationsGrp

FieldValueIRS element (for citing)
Section4942j3Yes (X)Section4942j3Ind

Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp

FieldValueIRS element (for citing)
Current Year$0CurrentYearAmt
Year2$6,189Year2Amt
Year3$1,996Year3Amt
Total$8,185TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year2$5,261Year2Amt
Year3$1,697Year3Amt
Total$6,958TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$8,700CurrentYearAmt
Year1$5,800Year1Amt
Year2$7,200Year2Amt
Year3$7,650Year3Amt
Total$29,350TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$8,700CurrentYearAmt
Year1$5,800Year1Amt
Year2$7,200Year2Amt
Year3$7,650Year3Amt
Total$29,350TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$5,743CurrentYearAmt
Year1$6,640Year1Amt
Year2$5,537Year2Amt
Year3$4,480Year3Amt
Total$22,400TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Year1$6,640Year1Amt
Year2$5,537Year2Amt
Year3$4,480Year3Amt
Total$16,657TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Current Year$13,483CurrentYearAmt
Year1$3,737Year1Amt
Year2$6,339Year2Amt
Year3$1,371Year3Amt
Total$24,930TotalAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerAshit GangulyContributingManagerNm
Contributing ManagerJean GangulyContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (19 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN ASSN FOR ADVANCEMENT
1200 NEW YORK AVE NWWASHINGTONDC20005HUMANITARIAN$400
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741HUMANITARIAN$500
OXFOAM AMERICA
PO BOX 55807BOSTONMA02205HUMANITARIAN$500
BELMONT PUBLIC LIBRARY
336 CONCORD AVEBELMONTMA02478HUMANITARIAN$300
IMPERIAL COLLEGE FOUNDATION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$400
HUMAN NEEDS FOOD PANTRY
9 LABEL STREETMONTCLAIRNJ07042HUMANITARIAN$300
PLANNED PARENTHOOD
PO BOX 97166WASHINGTONDC20077HUMANITARIAN$500
ROSIES PALCE
PO BOX 51399BOSTONMA02205HUMANITARIAN$400
WGBH RADIO
1 GUEST HOUSEBOSTONMA02135HUMANITARIAN$600
WGBH PUBLIC TELEVISION
1 GUEST HOUSEBOSTONMA02135HUMANITARIAN$600
BELMONT FOOD PROGRAM
PO BOX 9191CONCORDMA01742HUMANITARIAN$300
FDN OF BELMONT EDUCATION
PO BOX 518BELMONTMA02478HUMANITARIAN$600
HORIZON'S OF HOMELESS CHILDREN
1705 COLUMBUS AVEROXBURYMA02119HUMANITARIAN$400
CARE
151 ELLIS ST NEATLANTAGA30303HUMANITARIAN$300
UNICEF
PO BOX 27780NEWARKNJ07101HUMANITARIAN$1,000
AMNESTY INTL
PO BOX 96756WASHINGTONDC20077HUMANITARIAN$400
EARTH JUSTICE
426 17 STREETOAKLANDCA94612HUMANITARIAN$600
SPAULDING OUTPATIENT CENTER
1575 CAMBRIDGE STREEYCAMBRIDHEMA02138HUMANITARIAN$400
FREINDS OF THE BELMONt CNL OFAGING
266 BEECH STREETBELOMONTMA02478HUMANITARIAN$200
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$8,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$17ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$13,441ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$13,458ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$13,458TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number1LineNumberTxt
Relationship StatementN/ARelationshipStatementTxt

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

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonA GANGULYContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line198 COOPER AVENUEAddressLine1Txt
CityUPPER MONTCLAIRCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07043ZIPCd
FieldValueIRS element (for citing)
Total Contributions$0TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Other Program Related Invst AllOtherProgramRelatedInvstGrp

FieldValueIRS element (for citing)
DescN/ADesc

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
2425 shares of Pfizer$25,177$78,279
1050 shares of American Growth Fund$33,061$43,358
1726 shares of Black Rock Equity$33,845$36,166
2134 shares of Black Rock Multi Asset$23,465$22,371
375 shares of MFS Value$10,097$12,186

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT FEEDesc
Revenue And Expenses Per Books$150RevenueAndExpensesPerBooksAmt

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail

FieldValueIRS element (for citing)
PersonDR A GANGULTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 COOPER AVENUEAddressLine1Txt
CityUPPER MONTCLAIRCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07043ZIPCd

Taxes Schedule TaxesSchedule