GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-08-04
IRS object ID
201522169349100602
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)
Return2015-08-04T07:04:08-07:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SHAH DIXIT & ASSOCIATES PC CPAsBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1128 Wheeler RoadAddressLine1Txt
CityBurlingtonCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01803ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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 WAYAddressLine1Txt
CityNATICKCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01760ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRAJ K GOYALPersonNm
Person TitlePresidentPersonTitleTxt
Signature2015-08-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonASHA DIXITPreparerPersonNm
PTINP01334234PTIN
Phone7812297796PhoneNum
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$705,323FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,224ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$14,182DividendsRevAndExpnssAmt
Dividends Net Invst Incm$14,182DividendsNetInvstIncmAmt
Dividends Adj Net Incm$14,182DividendsAdjNetIncmAmt
Total Rev And Expnss$114,406TotalRevAndExpnssAmt
Total Net Invst Incm$14,182TotalNetInvstIncmAmt
Total Adj Net Incm$14,182TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$1,000AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$1,000AccountingFeesNetInvstIncmAmt
Taxes Rev And Expnss$279TaxesRevAndExpnssAmt
Taxes Net Invst Incm$279TaxesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$1,279TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$1,279TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$26,450ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$26,450ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$27,729TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$1,279TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$26,450TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$86,677ExcessRevenueOverExpensesAmt
Net Investment Income$12,903NetInvestmentIncomeAmt
Adjusted Net Income$14,182AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY-$1,750CashBOYAmt
Cash EOY-$17,000CashEOYAmt
Cash EOYFMV-$17,000CashEOYFMVAmt
Sav And Temp Cash Invst BOY$29,397SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$31,344SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$31,344SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$498,052OtherInvestmentsBOYAmt
Other Investments EOY$598,032OtherInvestmentsEOYAmt
Other Investments EOYFMV$690,979OtherInvestmentsEOYFMVAmt
Total Assets BOY$525,699TotalAssetsBOYAmt
Total Assets EOY$612,376TotalAssetsEOYAmt
Total Assets EOYFMV$705,323TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$525,699RetainedEarningBOYAmt
Retained Earning EOY$612,376RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$525,699TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$612,376TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$525,699TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$612,376TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$525,699TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$86,677ExcessRevenueOverExpensesAmt
Subtotal$612,376SubtotalAmt
Tot Net Ast Or Fund Balances EOY$612,376TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxYes (true)LiableSection4942TaxInd

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$258InvestmentIncomeExciseTaxAmt
Subtotal$258SubtotalAmt
Tax Based On Investment Income$258TaxBasedOnInvestmentIncomeAmt
Tax Due$258TaxDueAmt

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
Form990 T FiledfalseForm990TFiledInd
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
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 (3 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
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$575,326AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,445AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$605,771TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$605,771AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$9,087CashDeemedCharitableAmt
Net Vl Noncharitable Assets$596,684NetVlNoncharitableAssetsAmt
Minimum Investment Return$29,834MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$29,834MinimumInvestmentReturnAmt
Tax Based On Investment Income$258TaxBasedOnInvestmentIncomeAmt
Total Tax$258TotalTaxAmt
Distributable Before Adj$29,576DistributableBeforeAdjAmt
Distributable Before Ded$29,576DistributableBeforeDedAmt
Distributable As Adjusted$29,576DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$26,450ExpensesAndContributionsAmt
Qualifying Distributions$26,450QualifyingDistributionsAmt
Adjusted Qualifying Distri$26,450AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$29,576DistributableAsAdjustedAmt
Undistributed Income PY$25,161UndistributedIncomePYAmt
Qualifying Distributions$26,450QualifyingDistributionsAmt
Applied To Year1$25,161AppliedToYear1Amt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,289AppliedToCurrentYearAmt
Undistributed Income CY$28,287UndistributedIncomeCYAmt

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 (8 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
B W HOSPITAL
1400 VFW PARKWAYWEST ROXBURYMA02132NONE501(C)(3)MEDICAL CARE$7,000
SARVA DEV MANDIR
6 MAIN STREETOXFORDMA01540NONE501(C)(3)RELIGIOUS$1,000
Ramakrishna Vedanta Society of Mass
58 Deerfield StreetBOSTONMA02215NONE501(C)(3)RELIGIOUS$1,000
INDIAN CIRCLE FOR CARING USA INC
220 TOTTEN POND ROADWALTHAMMA02451NONE501(C)(3)COMMUNITY SUPPORT$1,000
FOOD PANTRY NATCK
CENTRAL STREETNATICKMA01760NONECOMMUNITY SERVICES$250
INDIAN SOC OF WORCESTER
P O BOX 945WORCESTERMA01613NONECULTURAL, SOCIAL, EDUCATION & CHARITABLE ORG$200
EKAL VIDYLAYA
1712 HWY 6 SOUTH STE AHOUSTONTX77077NONEPCEDUCATION$1,000
INDIAN MEDICAL ASSOC OF NEW ENGLAND
PO BOX 9132WALTHAMMA02454NONEPCSUPPORT MEDICAL EDUCATION$15,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$26,450TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$14,182ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$14,182ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$14,182TotalIncomeProducingActyAmt

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$100,224TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash Property1000 Shares of PowersharesNoncashPropertyDesc
Fair Market Value$99,980FairMarketValueAmt
Received2014-12-17ReceivedDt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLEGAL & ACCOUNTINGCategoryTxt
Amt$1,000Amt
Net Investment Income$1,000NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
COMM OF MASS - ANNUAL REPORT$19$19
FORM PC - ATTORNEY GENERAL OF MA$35$35
IRS - FROM 4720$225$225

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