FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-04-10
IRS object ID
201531009349100003
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)
Return2015-04-10T09:36:47-00:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

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 Begin2014-01-01TaxPeriodBeginDt

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 CAFLIN STREETAddressLine1Txt
CityBELMONTCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02478ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonASHIT GANGULYPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2015-04-08SignatureDt
Discuss With Paid PreparerfalseDiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLeonard ZimmermanPreparerPersonNm
Phone7325360830PhoneNum
Preparation2015-04-10PreparationDt
Self EmployedYes (X)SelfEmployedInd
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$188,267FMVAssetsEOYAmt
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$4InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$4InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$3,733DividendsRevAndExpnssAmt
Dividends Net Invst Incm$3,733DividendsNetInvstIncmAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$13,737TotalRevAndExpnssAmt
Total Net Invst Incm$3,737TotalNetInvstIncmAmt
Other Expenses Rev And Expnss$165OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$165TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$5,800ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$5,800ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$5,965TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$5,800TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$7,772ExcessRevenueOverExpensesAmt
Net Investment Income$3,737NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$6,206CashBOYAmt
Cash EOY$13,974CashEOYAmt
Corporate Stock BOY$107,135CorporateStockBOYAmt
Corporate Stock EOY$114,905CorporateStockEOYAmt
Corporate Stock EOYFMV$188,267CorporateStockEOYFMVAmt
Total Assets BOY$113,341TotalAssetsBOYAmt
Total Assets EOY$128,879TotalAssetsEOYAmt
Total Assets EOYFMV$188,267TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$113,341RetainedEarningBOYAmt
Retained Earning EOY$128,879RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$113,341TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$128,879TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$113,341TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$128,879TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$113,341TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$7,772ExcessRevenueOverExpensesAmt
Other Increases$7,766OtherIncreasesAmt
Subtotal$128,879SubtotalAmt
Tot Net Ast Or Fund Balances EOY$128,879TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$7,200AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$166,128NetVlNoncharitableAssetsYr1Amt
Distribution Yr1000.043340DistributionYr1Rt
Total Distribution000.043340TotalDistributionRt
Average Distribution000.043340AverageDistributionRt
Net Vl Noncharitable Assets$199,207NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$8,634AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$37NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$8,671AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$5,800QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$75InvestmentIncomeExciseTaxAmt
Subtotal$75SubtotalAmt
Tax Based On Investment Income$75TaxBasedOnInvestmentIncomeAmt
Tax Due$75TaxDueAmt

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
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
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
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
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$202,241AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$202,241TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$202,241AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$3,034CashDeemedCharitableAmt
Net Vl Noncharitable Assets$199,207NetVlNoncharitableAssetsAmt
Minimum Investment Return$9,960MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$9,960MinimumInvestmentReturnAmt
Tax Based On Investment Income$75TaxBasedOnInvestmentIncomeAmt
Total Tax$75TotalTaxAmt
Distributable Before Adj$9,885DistributableBeforeAdjAmt
Distributable Before Ded$9,885DistributableBeforeDedAmt
Distributable As Adjusted$9,885DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$5,800ExpensesAndContributionsAmt
Qualifying Distributions$5,800QualifyingDistributionsAmt
Adjusted Qualifying Distri$5,800AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$9,885DistributableAsAdjustedAmt
Undistributed Income PY$2,180UndistributedIncomePYAmt
Prior Year12010PriorYear1Yr
Prior Year22011PriorYear2Yr
Prior Year32012PriorYear3Yr
Total For Prior Years$7,983TotalForPriorYearsAmt
Qualifying Distributions$5,800QualifyingDistributionsAmt
Applied To Year1$2,180AppliedToYear1Amt
Applied To Current Year$3,620AppliedToCurrentYearAmt
Prior Year Undistributed Incm$7,983PriorYearUndistributedIncmAmt
Taxable1$7,983Taxable1Amt
Undistributed Income CY$6,265UndistributedIncomeCYAmt

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
Year1$6,189Year1Amt
Year2$1,996Year2Amt
Year3$1,814Year3Amt
Total$9,999TotalAmt

Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp

FieldValueIRS element (for citing)
Year1$5,261Year1Amt
Year2$1,697Year2Amt
Year3$1,542Year3Amt
Total$8,500TotalAmt

Qualifying Distributions QualifyingDistributionsGrp

FieldValueIRS element (for citing)
Current Year$5,800CurrentYearAmt
Year1$7,200Year1Amt
Year2$7,650Year2Amt
Year3$7,200Year3Amt
Total$27,850TotalAmt

Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp

FieldValueIRS element (for citing)
Current Year$5,800CurrentYearAmt
Year1$7,200Year1Amt
Year2$7,650Year2Amt
Year3$7,200Year3Amt
Total$27,850TotalAmt

Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp

FieldValueIRS element (for citing)
Current Year$6,640CurrentYearAmt
Year1$5,537Year1Amt
Year2$4,480Year2Amt
Year3$3,213Year3Amt
Total$19,870TotalAmt

Public Support Type PublicSupportType

FieldValueIRS element (for citing)
Current Year$6,640CurrentYearAmt
Year1$5,537Year1Amt
Year2$4,480Year2Amt
Year3$3,213Year3Amt
Total$19,870TotalAmt

Gross Investment Income GrossInvestmentIncomeGrp

FieldValueIRS element (for citing)
Current Year$3,737CurrentYearAmt
Year1$6,339Year1Amt
Year2$1,371Year2Amt
Year3$2,151Year3Amt
Total$13,598TotalAmt

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 (14 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
AMERICAN ASSN FOR ADVANCEMENT
1200 NEW YORK AVE NWWASHINGTONDC20005HUMANITARIAN$200
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$400
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
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$5,800TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$4ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3,733ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3,737ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$3,737TotalIncomeProducingActyAmt

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$75,539
964 shares of American Growth Fund$29,528$41,151
1458 shares of Black Rock Equity$28,239$36,307
2042 shares of Black Rock Multi Asset$22,450$22,895
357 shares of MFS Value$9,511$12,375

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescINVESTMENT FEEDesc
Revenue And Expenses Per Books$165RevenueAndExpensesPerBooksAmt

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescCOST RECOVERYDesc
Amt$7,766Amt

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