BETA

VARUN AND AMEETA GOSAIN FOUNDATION: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
VARUN AND AMEETA GOSAIN FOUNDATION (EIN 46-1429291)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-28
IRS object ID
201501489349100405
Schema version
2014v5.0
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)
Return2015-05-28T14:31:18-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHUGH LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115925 Carmenita RdAddressLine1Txt
CityCerritosCityNm
State AbbreviationCAStateAbbreviationCd
ZIP907032206ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN461429291EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VARUN AND AMEETA GOSAIN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVARUBusinessNameControlTxt
Phone9147255475PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1161 Mamaroneck RdAddressLine1Txt
CityScarsdaleCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10583ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonVARUN GOSAINPersonNm
Person TitlePresidentPersonTitleTxt
Signature2015-05-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBaljeet SinghPreparerPersonNm
PTINP01253724PTIN
Phone5622291220PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,404,474FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$48,683DividendsRevAndExpnssAmt
Dividends Net Invst Incm$48,683DividendsNetInvstIncmAmt
Dividends Adj Net Incm$48,683DividendsAdjNetIncmAmt
Total Rev And Expnss$48,683TotalRevAndExpnssAmt
Total Net Invst Incm$48,683TotalNetInvstIncmAmt
Total Adj Net Incm$48,683TotalAdjNetIncmAmt
Other Prof Fees Rev And Expnss$1,025OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$3,699TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5,000OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,000OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$9,724TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$5,000TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$130,700ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$130,700ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$140,424TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$5,000TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$130,700TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$91,741ExcessRevenueOverExpensesAmt
Net Investment Income$43,683NetInvestmentIncomeAmt
Adjusted Net Income$48,683AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$121,597CashBOYAmt
Cash EOY$44,436CashEOYAmt
Cash EOYFMV$44,435CashEOYFMVAmt
Other Investments BOY$2,543,051OtherInvestmentsBOYAmt
Other Investments EOY$2,528,471OtherInvestmentsEOYAmt
Other Investments EOYFMV$3,360,039OtherInvestmentsEOYFMVAmt
Total Assets BOY$2,664,648TotalAssetsBOYAmt
Total Assets EOY$2,572,907TotalAssetsEOYAmt
Total Assets EOYFMV$3,404,474TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$2,664,648UnrestrictedBOYAmt
Unrestricted EOY$2,572,907UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$2,664,648TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,572,907TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,664,648TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,572,907TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,664,648TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$91,741ExcessRevenueOverExpensesAmt
Subtotal$2,572,907SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,572,907TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$874InvestmentIncomeExciseTaxAmt
Subtotal$874SubtotalAmt
Tax Based On Investment Income$874TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$3,986EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$3,986TotalPaymentsAndCreditsAmt
Overpayment$3,112OverpaymentAmt
Applied To ES Tax$3,112AppliedToESTaxAmt

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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
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 Line1Varun GosainBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9147255475PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1161 Mamaroneck RdAddressLine1Txt
CityScarsdaleCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10583ZIPCd
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 (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
VARUN GOSAIN
161 MAMARONECK RDSCARSDALENY10583President0.50$0
AMEETA GOSAIN
161 MAMARONECK RDSCARSDALENY10583Secretary0.50$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$3,548,855AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$142,541AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,691,396TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,691,396AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$55,371CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,636,025NetVlNoncharitableAssetsAmt
Minimum Investment Return$181,801MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$181,801MinimumInvestmentReturnAmt
Tax Based On Investment Income$874TaxBasedOnInvestmentIncomeAmt
Total Tax$874TotalTaxAmt
Distributable Before Adj$180,927DistributableBeforeAdjAmt
Distributable Before Ded$180,927DistributableBeforeDedAmt
Distributable As Adjusted$180,927DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$130,700ExpensesAndContributionsAmt
Qualifying Distributions$130,700QualifyingDistributionsAmt
Adjusted Qualifying Distri$130,700AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$180,927DistributableAsAdjustedAmt
Undistributed Income PY$128,884UndistributedIncomePYAmt
Qualifying Distributions$130,700QualifyingDistributionsAmt
Applied To Year1$128,884AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,816AppliedToCurrentYearAmt
Undistributed Income CY$179,111UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
NEW YORK UNIVERSITY
25 WEST FOURTH STREET 4TH FLOORNEW YORKNY10012NONEPCScholarships for NYU Stern students$5,000
COLUMBIA UNIVERSITY
622 WEST 113TH STREET MAIL CODE4524NEW YORKNY10025NONEPCSupport of Columbia Science Honors Program$10,000
SCHWAB CHARITABLE FUND
211 MAIN STREET FLOOR 10SAN FRANCISCOCA94105NONEPCTo promote general charitable activities$75,000
SCARSDALE EDGEMONT FAMILY COUNSELLI
14 HARWOOD COURT SUITE 405SCARSDALENY10583NONEPCTo Support family counselling activities$250
UNIVERSITY OF PENNSYLVANIA
UNIVERSITY OF PENNSYLVANIAPHILADELPHIAPA19104NONEPCTo support the Center for the Advance Study of India and other activities$22,500
IIM AHMEDABAD ALUMNI ASSOCIATION
94 BRADLEY LANEBRIDGEWATERNJ08807NONEPOFTo support faculty and students of IIMA$15,750
MELANOMA FOUNDATION OF NEW ENGLAND
111 OLD RD TO NINE ACRE CRN STE1005CORCORDMA01742NONEPCTo support Melanoma Foundation$200
SAKHI FOR SOUTH ASIA WOMAN
GREELEY SQUARE STATIONNEW YORKNY10001NONEPCTo support the activities of Sakhi$2,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$130,700TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$48,683UnrelatedBusinessTaxblIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$48,683UnrelatedBusinessTaxblIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$48,683TotalIncomeProducingActyAmt

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp

FieldValueIRS element (for citing)
Line Number4LineNumberTxt
Relationship StatementThe objective of investments is to generate income that can be used in the support of worthwhile causes.RelationshipStatementTxt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
ARGENTINA GDP WARRANTSFMV$1,212,599$1,580,045
ARGENTINA GDP DISCOUNT BONDSFMV$1,315,872$1,779,994

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescInvestment Custody FeesDesc
Revenue And Expenses Per Books$5,000RevenueAndExpensesPerBooksAmt
Net Investment Income$5,000NetInvestmentIncomeAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryProfessional FeesCategoryTxt
Amt$1,025Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryExcise TaxCategoryTxt
Amt$3,699Amt

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