FURP.ORG / PUBLIC DATA EXPLORER

ARORA FOUNDATION INC: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ARORA FOUNDATION INC (EIN 03-0576552)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-07-01
IRS object ID
201441829349100404
Schema version
2013v3.1
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)
Return2014-07-01T10:30:43-07:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Vescio Family Advisors LLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17-11 S Broadway Ste 308AddressLine1
CityWhite PlainsCity
StateNYState
ZIP Code106013520ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030576552EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARORA FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlARORBusinessNameControlTxt
Phone2036296029PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line156 ROCKWOOD LANEAddressLine1
CityGREENWICHCity
StateCTState
ZIP Code06830ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonHARPREET ARORAPersonNm
Person TitlePresidentPersonTitleTxt
Signature2014-07-01SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER C VESCIO CPAPreparerPersonNm
PTINP00003541PTIN
Phone9143589888PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,314,643FMVAssetsEOYAmt
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$39,671InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$39,671InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$39,671InterestOnSavingsAdjNetIncmAmt
Dividends Rev And Expnss$21,795DividendsRevAndExpnssAmt
Dividends Net Invst Incm$21,795DividendsNetInvstIncmAmt
Dividends Adj Net Incm$21,795DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$30,333NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$618,655GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$30,333CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$25,743NetSTCapitalGainAdjNetIncmAmt
Total Rev And Expnss$91,799TotalRevAndExpnssAmt
Total Net Invst Incm$91,799TotalNetInvstIncmAmt
Total Adj Net Incm$87,209TotalAdjNetIncmAmt
Taxes Rev And Expnss$165TaxesRevAndExpnssAmt
Taxes Net Invst Incm$165TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$230OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$230OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$395TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$395TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$89,940ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$89,940ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$90,335TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$395TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$89,940TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$1,464ExcessRevenueOverExpensesAmt
Net Investment Income$91,404NetInvestmentIncomeAmt
Adjusted Net Income$87,209AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$2,074,043CashBOYAmt
Cash EOY$2,075,507CashEOYAmt
Cash EOYFMV$2,314,643CashEOYFMVAmt
Total Assets BOY$2,074,043TotalAssetsBOYAmt
Total Assets EOY$2,075,507TotalAssetsEOYAmt
Total Assets EOYFMV$2,314,643TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$2,074,043RetainedEarningBOYAmt
Retained Earning EOY$2,075,507RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$2,074,043TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,075,507TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$2,074,043TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,075,507TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$2,074,043TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$1,464ExcessRevenueOverExpensesAmt
Subtotal$2,075,507SubtotalAmt
Tot Net Ast Or Fund Balances EOY$2,075,507TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$30,333CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$25,743NetShortTermCapitalGainLossAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$118,144AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$1,940,811NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.06087DistributionYr1Rt
Adjusted Qlfy Distri Yr2$94,739AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$2,021,668NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.04686DistributionYr2Rt
Adjusted Qlfy Distri Yr3$70,122AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$1,507,721NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.04651DistributionYr3Rt
Adjusted Qlfy Distri Yr4$26,500AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$1,398,104NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.01895DistributionYr4Rt
Adjusted Qlfy Distri Yr5$16,228AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$248,220NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.06538DistributionYr5Rt
Total Distribution0.23858TotalDistributionRt
Average Distribution0.04772AverageDistributionRt
Net Vl Noncharitable Assets$2,093,120NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$99,873AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$914NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$100,787AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$89,940QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1,828InvestmentIncomeExciseTaxAmt
Subtotal$1,828SubtotalAmt
Tax Based On Investment Income$1,828TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$1,219EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$1,219TotalPaymentsAndCreditsAmt
Tax Due$609TaxDueAmt

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 SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCTOrgReportOrRegisterStateCd
Org Report Or Register StateDEOrgReportOrRegisterStateCd
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 Line1VESCIO FAMILY ADVISORS LLCBusinessNameLine1
FieldValueIRS element (for citing)
Phone9143589888PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line134 SOUTH BROADWAY STE 409AddressLine1
CityWHITE PLAINSCity
StateNYState
ZIP Code10601ZIPCode
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
HARPREET ARORA
56 ROCKWOOD LANEGREENWICHCT06830President0.00$0
NISHA ARORA
56 ROCKWOOD LANEGREENWICHCT06830Vice President0.00$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$1,206,363AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$918,632AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,124,995TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$2,124,995AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$31,875CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,093,120NetVlNoncharitableAssetsAmt
Minimum Investment Return$104,656MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$104,656MinimumInvestmentReturnAmt
Tax Based On Investment Income$1,828TaxBasedOnInvestmentIncomeAmt
Total Tax$1,828TotalTaxAmt
Distributable Before Adj$102,828DistributableBeforeAdjAmt
Distributable Before Ded$102,828DistributableBeforeDedAmt
Distributable As Adjusted$102,828DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$89,940ExpensesAndContributionsAmt
Qualifying Distributions$89,940QualifyingDistributionsAmt
Adjusted Qualifying Distri$89,940AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$102,828DistributableAsAdjustedAmt
Excess Distribution Cyov Yr4$5,813ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$22,665ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$28,478TotalExcessDistributionCyovAmt
Qualifying Distributions$89,940QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$89,940AppliedToCurrentYearAmt
Excess Distri Cyov App CY Corpus$12,888ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$12,888ExcessDistributionCyovAppCYAmt
Total Corpus$15,590TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$15,590ExcessDistriCyovToNextYrAmt
Excess From Year1$15,590ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerHARPREET ARORAContributingManagerNm
Contributing ManagerNISHA ARORAContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)

Address Line1RecipientForeignAddress/AddressLine1CityRecipientForeignAddress/CityCountryRecipientForeignAddress/CountryPostal CodeRecipientForeignAddress/PostalCodeRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtAddress Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCode
SEVA CHAKKARA SAMAJAM
SAMI PILLAI STREETTAMIL NADUIN600112CHAR ORGCHARITABLE CONTRIBUTION$2,500
GOPIO
CHAR ORGCHARITABLE CONTRIBUTION$3,50084 NELSON AVENUEHARRISONNY10528
YALE SCHOOL OF MANAGEMENT
CHAR ORGCHARITABLE CONTRIBUTION$19,550135 PROSPECT STREETNEW HAVENCT06511
WORLD AFFAIRS FORUM
CHAR ORGCHARITABLE CONTRIBUTION$3,225800 SUMMER STREETSTAMFORDCT06901
GREENWICH COUNTRY DAY SCHOOL
CHAR ORGCHARITABLE CONTRIBUTION$15,540401 OLD CHURCH ROADGREENWICHCT06830
BRUCE MUSEUM
CHAR ORGCHARITABLE CONTRIBUTION$6851 MUSEUM DRIVEGREENWICHCT06830
PINEAPPLE CANCER RUN
CHAR ORGCHARITABLE CONTRIBUTION$130123 NW 36TH STREET SUITE 100SEATTLEWA98107
YMCA OF GREENWICH
CHAR ORGCHARITABLE CONTRIBUTION$6,50050 E PUTNAM AVEGREENWICHCT06830
DARREN HIGH SCHOOL
CHAR ORGCHARITABLE CONTRIBUTION$10080 HIGH SCHOOL LANEDARIENCT06820
MUSEUM OF MODERN ART
CHAR ORGCHARITABLE CONTRIBUTION$60011 W 53RD STNEW YORKNY10019
BOYS AND GIRLS CLUB OF GREENWICH
CHAR ORGCHARITABLE CONTRIBUTION$1,9504 HORSENECK LNGREENWICHCT06830
GREENWICH HOSPITAL
CHAR ORGCHARITABLE CONTRIBUTION$1,0005 PERRYRIDGE RDGREENWICHCT06830
JUNIOR LEAGUE OF GREENWICH
CHAR ORGCHARITABLE CONTRIBUTION$1,060231 E PUTNAM AVEGREENWICHCT06830
INDIA CULTURAL CENTER OF GREENWICH
CHAR ORGCHARITABLE CONTRIBUTION$5,000C/O VFA LLC 7-11 S BROADWAYWHITE PLAINSNY10601
BUILDON
CHAR ORGCHARITABLE CONTRIBUTION$2,600PO BOX 16741STAMFORDCT06905
UNIVERSITY OF TEXAS
CHAR ORGCHARITABLE CONTRIBUTION$25,000UNIVERSITY OF TEXASAUSTINTX78712
THE GREENWICH ARTS COUNCIL
CHAR ORGCHARITABLE CONTRIBUTION$1,000299 GREENWICH AVEGREENWICHCT06830
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$89,940TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$39,671ExclusionAmt

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$21,795ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$30,333RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$61,466ExclusionAmt
Related Or Exempt Function Incm$30,333RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$91,799TotalIncomeProducingActyAmt

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

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescBANK FEESDesc
Revenue And Expenses Per Books$230RevenueAndExpensesPerBooksAmt
Net Investment Income$230NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryTAXESCategoryTxt
Amt$165Amt
Net Investment Income$165NetInvestmentIncomeAmt