THE MURTHYNAYAK FOUNDATION INC: Form 990PF, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
THE MURTHYNAYAK FOUNDATION INC (EIN 80-0016494)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-13
IRS object ID
201543179349100009
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)
Return2015-11-13T06:17:09-08:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Neuman Pollak & Assoc PABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1124 Slade Ave Ste 110AddressLine1Txt
CityBaltimoreCityNm
State AbbreviationMDStateAbbreviationCd
ZIP21208ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800016494EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE MURTHYNAYAK FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMURTBusinessNameControlTxt
Phone4103565440PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line111 COOL SPRINGS CTAddressLine1Txt
CityLUTHERVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21093ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHEELA MURTHYPersonNm
Person TitleFoundation ManagerPersonTitleTxt
Signature2015-11-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOSEPH E POLLAKPreparerPersonNm
PTINP00293730PTIN
Phone4106020500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-04-25 22:37:26ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$5,715,577FMVAssetsEOYAmt
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$170,528InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$170,528InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$170,528InterestOnSavingsAdjNetIncmAmt
Gross Sales Price$100,000GrossSalesPriceAmt
Total Rev And Expnss$170,528TotalRevAndExpnssAmt
Total Net Invst Incm$170,528TotalNetInvstIncmAmt
Total Adj Net Incm$170,528TotalAdjNetIncmAmt
Trav Conf Meeting Rev And Expnss$14,630TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$14,630TravConfMeetingNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$14,630TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$14,630TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$264,193ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$264,193ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$278,823TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$14,630TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$264,193TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$108,295ExcessRevenueOverExpensesAmt
Net Investment Income$155,898NetInvestmentIncomeAmt
Adjusted Net Income$170,528AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$5,762,395SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$5,721,418SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$5,715,577SavAndTempCashInvstEOYFMVAmt
Total Assets BOY$5,762,395TotalAssetsBOYAmt
Total Assets EOY$5,721,418TotalAssetsEOYAmt
Total Assets EOYFMV$5,715,577TotalAssetsEOYFMVAmt
Accounts Payable EOY$67,318AccountsPayableEOYAmt
Total Liabilities EOY$67,318TotalLiabilitiesEOYAmt
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind
Unrestricted BOY$5,762,395UnrestrictedBOYAmt
Unrestricted EOY$5,654,100UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY$5,762,395TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$5,654,100TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$5,762,395TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$5,721,418TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$5,762,395TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$108,295ExcessRevenueOverExpensesAmt
Subtotal$5,654,100SubtotalAmt
Tot Net Ast Or Fund Balances EOY$5,654,100TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$297,312AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$5,709,746NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05207DistributionYr1Rt
Adjusted Qlfy Distri Yr2$250,000AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$5,654,577NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04421DistributionYr2Rt
Adjusted Qlfy Distri Yr3$200,000AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$5,264,168NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.03799DistributionYr3Rt
Adjusted Qlfy Distri Yr4$297,966AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$4,552,416NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.06545DistributionYr4Rt
Adjusted Qlfy Distri Yr5$200,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$4,110,268NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.04866DistributionYr5Rt
Total Distribution0.24839TotalDistributionRt
Average Distribution0.04968AverageDistributionRt
Net Vl Noncharitable Assets$5,697,553NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$283,037AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1,559NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$284,596AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$264,193QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$3,118InvestmentIncomeExciseTaxAmt
Subtotal$3,118SubtotalAmt
Tax Based On Investment Income$3,118TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,409EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,409TotalPaymentsAndCreditsAmt
Tax Due$709TaxDueAmt

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 StateMDOrgReportOrRegisterStateCd
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 Line1SHEELA MURTHYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4103565440PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line111 COOL SPRINGS CTAddressLine1Txt
CityLUTHERVILLECityNm
State AbbreviationMDStateAbbreviationCd
ZIP21093ZIPCd
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 (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
SHEELA MURTHY
11 COOL SPRINGS CTLUTHERVILLEMD21093President0.00$0
VASANT NAYAK
11 COOL SPRINGS CTLUTHERVILLEMD21093Vice President0.00$0
Shay Taylor
4101 Kennygreen CourtRandallstownMD21133Secretary0.00$0
Vijay Nayak
One Camp RoadRexfordNY12148Treasurer0.00$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$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$5,784,318AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,784,318TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$5,784,318AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$86,765CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,697,553NetVlNoncharitableAssetsAmt
Minimum Investment Return$284,878MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$284,878MinimumInvestmentReturnAmt
Tax Based On Investment Income$3,118TaxBasedOnInvestmentIncomeAmt
Total Tax$3,118TotalTaxAmt
Distributable Before Adj$281,760DistributableBeforeAdjAmt
Distributable Before Ded$281,760DistributableBeforeDedAmt
Distributable As Adjusted$281,760DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$264,193ExpensesAndContributionsAmt
Qualifying Distributions$264,193QualifyingDistributionsAmt
Adjusted Qualifying Distri$264,193AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$281,760DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$24,932ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$15,371ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$40,303TotalExcessDistributionCyovAmt
Qualifying Distributions$264,193QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$264,193AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$17,567ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$17,567ExcessDistributionCyovAppCYAmt
Total Corpus$22,736TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$22,736ExcessDistriCyovToNextYrAmt
Excess From Year4$7,365ExcessFromYear4Amt
Excess From Year1$15,371ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

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

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientForeignAddress/AddressLine1TxtCityRecipientForeignAddress/CityNmProvince Or StateRecipientForeignAddress/ProvinceOrStateNmCountryRecipientForeignAddress/CountryCdForeign PostalRecipientForeignAddress/ForeignPostalCd
MARCH OF DIMES
175 W OSTEND ST SUITE CBALTIMOREMD21230N/APUBLICSUPPLIES$2,500
UNITED WAY
100 South Charles StreetBALTIMOREMD21203NONEPUBLICCharity$12,000
Akshaya Patra Foundation
92 Montvale Avenue Suite 2500StonehamMA02180NONEPUBLICCHARITY$5,000
WOMENS LAW CENTER
305 W Chesapeake AveTowsonMD21204nonePUBLICCHARITY$5,000
AGASTYA INTERNATIONAL FOUNDATION
nonePUBLICEDUCATION OF CHILDREN$9,09379/26 2nd Cross Ramya Reddy LayoutBenson TownBangaloreIN560046
American Immigration Council
1331 G St NW Suite 200WashingtoNDC20005nonePUBLICEDUCATION$50,000
ASHA FOR WOMEN
PO Box 2084RockvilleMD20847nonePUBLICEDUCATION$5,000
NETWORK FOR GOOD
1140 Connecticut Avenue NW Ste 700WashingtonDC20036nonePUBLICCHARITY$5,000
SENIOR CITIZENS BANGALORE
nonePUBLICCHARITY, PUBLIC HEALTH$50,000196 6th Main Defence ColonyIndiranagarBangaloreIN560038
STEVENSON UNIVERSITY
1525 Greenspring Valley RoadStevensonMD21153nonePUBLICEDUCATION$11,000
TATA INSTITUTE OF SOCIAL SCIENCES
nonePUBLICEDUCATION$22,000VN Purav MargMumbaiMumbaiIN400088
THE JOURNEY HOME
PO Box 1576BaltimoreMD21203nonePUBLICCHARITY$10,000
LAWYERS CAMPAIGN AGAINST HUNGER
PO Box 17367BaltimoreMD21227nonePUBLICCHARITY$5,000
BALTIMORE SYMPHONY ORCHESTRA
1212 CATHEDRAL STREETBALTIMOREMD21201NONEPUBLICSOCIAL AND EDUCATIONAL$1,000
CASA DE MARYLAND
8151 15TH AVEHYATTSVILLEMD20783NONEPUBLICEDUCATION$5,000
CHAI LIFELINE
151 WEST 30TH STREETNEW YORKNY10001NONEPUBLICHEALTH SUPPORT$500
COMBAT BLINDNESS INTERNATIONAL
PO BOX 5332MADISONWI53705NONEPUBLICPUBLIC HEALTH$1,000
GATEWAY FOR CANCER RESEARCH
1336 BASSWOOD ROADSCHAUMBURGIL60173NONEPUBLICPUBLIC HEALTH$15,000
FREEDOM FIRM
PO BOX 33056DENVERCO80233NONEPUBLICRESCUE OF CHILDREN IN INDIA FROM ABUSE$5,000
HABITAT FOR HUMANITY OF THE CHASAPE
3741 COMMERCE DRIVE STE 309BALTIMOREMD21227NONEPUBLICCOMMUNITY DEVELOPMENT$1,000
JHPIEGO
1615 THAMES STREETBALTIMOREMD21231NONEPUBLICPUBLIC HEALTH$10,000
MARYLAND STATE BAR ASSOCIATION
520 W FAYETTE STBALTIMOREMD21201NONEPFEDUCATION$5,000
NATIONAL IMMIGRATION PROJECT
14 BEACON STREET STE 602BOSTONMA02108NONEPUBLICLEGAL AID FOR IMMIGRANTS$100
OPEN SOCIETY INSTITUTE
201 NORTH CHARLES STREET STE 1300BALTIMOREMD21201NONEPUBLICEDUCATION$10,000
PRATHAM USA
9703 RICHMOND AVE STE 102HOUSTONTX77042NONEPUBLICEDUCATION$5,000
RF LEWIS MUSEUM
830 E PRATT STBALTIMOREMD21202NONEPUBLICEDUCATION$5,000
RONALD MCDONALD HOUSE
ONE KROC DRIVEOAK BROOKIL60523NONEPUBLICSUPPORT HEALTH AND WELLBEING OF CHILDREN$500
SCHOLARSHIP AMERICA
7900 INTERNATIONAL DRIVE STE 500MINNEAPOLISMN55425NONEPUBLICSCHOLARSHIP$5,000
THE FAMILY TREE
2108 N CHARLES STREETBALTIMOREMD21218NONEPUBLICSOCIAL WELFARE$1,000
Ceasar Productions
8221 LOCHINVER LANEPOTOMACMD20854noneNCSOCIAL DEVELOPMENT$2,500
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$264,193TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$170,528ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$170,528ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$170,528TotalIncomeProducingActyAmt

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

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