FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-05-01
IRS object ID
201321219349100032
Schema version
2012v2.2
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)
Timestamp2013-05-01T07:28:28-00:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LEONARD ZIMMERMAN CPABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1280 UNION HILL ROADAddressLine1
CityMANALAPANCity
StateNJState
ZIP Code07726ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN223769532EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GANGULY FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGANGNameControl
Phone9737467245Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 COOPER AVENUEAddressLine1
CityUPPER MONTCLAIRCity
StateNJState
ZIP Code070432219ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameASHIT GANGULYName
TitleORESIDENTTitle
Date Signed2013-05-01DateSigned
Authorize Third PartyfalseAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLEONARD ZIMMERMANName
Phone7325360830Phone
Date Prepared2013-05-01DatePrepared
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY146214FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss10000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss16InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm16InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss2909DividendsRevAndExpnss
Dividends Net Invst Incm2909DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss-779NetGainSaleAssetsRevAndExpnss
Gross Sales Price26266GrossSalesPrice
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses12146TotalRevenueAndExpenses
Total Net Investment Income2925TotalNetInvestmentIncome
Other Expenses Rev And Expnss150OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm150OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm150OtherExpensesAdjNetIncm
Tot Opr Expenses Rev And Expnss150TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm150TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm150TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss7650ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps7650ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss7800TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm150TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm150TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps7650TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses4346ExcessOfRevenueOverExpenses
Net Investment Income2775NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY16150CashBOY
Cash EOY21908CashEOY
Cash EOYFMV21851CashEOYFMV
Investments Corp Stock BOY85457InvestmentsCorpStockBOY
Investments Corp Stock EOY84045InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV124363InvestmentsCorpStockEOYFMV
Total Assets BOY101607TotalAssetsBOY
Total Assets EOY105953TotalAssetsEOY
Total Assets EOYFMV146214TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY101607CapitalStockBOY
Retained Earnings EOY105953RetainedEarningsEOY
Total Net Assets BOY101607TotalNetAssetsBOY
Total Net Assets EOY105953TotalNetAssetsEOY
Total Liabilities Net Assets BOY101607TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY105953TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY101607TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses4346ExcessOfRevenueOverExpenses
Subtotal105953Subtotal
Total Net Assets Fund Balances EOY105953TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (2 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
DAVIS NY VENTUREP2006-10-122012-01-132469223979713713
SATYAM COMPUTER SVCSP2001-08-212012-04-2015743066-1492-1492
FieldValueIRS element (for citing)
Capital Gain Net Income-779CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Qualifying Distributions Year17200QualifyingDistributionsYear1
Noncharitable Assets Year196383NoncharitableAssetsYear1
Distribution Ratio Year1000.074702DistributionRatioYear1
Total Distribution Ratio000.074702TotalDistributionRatio
Average Distribution Ratio000.074702AverageDistributionRatio

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax56InvestmentIncomeExciseTax
Subtotal56Subtotal
Tax Based On Investment Income56TaxBasedOnInvestmentIncome
Tax Due56TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNJStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationtruePrivateOperatingFoundation
New Substantial ContributorstrueNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressNoneWebsiteAddress
Books In Care Of Person NameDr Ashit K GangulyBooksInCareOfPersonName
Books In Care Of Phone Number9737467245BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line186 Cooper AvenueAddressLine1
CityUpper MontclairCity
StateNJState
ZIP Code07043ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
Dr Ashit Ganguly
96 Cooper AvenueUpper MontclairNJ07043President010.000
Jean Ganguly
96 Cooper AvenueUpper MontclairNJ07043Vic President010.000
Nomita Ganguly
133 St Botolphy StreetBostonMA02115Secy/ Treas010.000

Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy

FieldValueIRS element (for citing)
Description1Payments to 501(c)(3) charitable organizationsDescription1
Expenses17650Expenses1

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1
Description2N/ADescription2

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities136455AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances0AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets136455TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets136455AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable2047CashDeemedCharitable
Net Noncharitable Assets134408NetNoncharitableAssets
Minimum Investment Return6720MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return6720MinimumInvestmentReturn
Tax Based On Investment Income56TaxBasedOnInvestmentIncome
Total Tax56TotalTax
Distributable Amount Before Adj6664DistributableAmountBeforeAdj
Distributable Amount Before Ded6664DistributableAmountBeforeDed
Distributable Amount As Adjusted6664DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions7650ExpensesAndContributions
Qualifying Distributions7650QualifyingDistributions
Adj Qualifying Distributions7650AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted6664DistributableAmountAsAdjusted
Undistributed Income Prior Year2184UndistributedIncomePriorYear
Prior Year12008PriorYear1
Prior Year22009PriorYear2
Prior Year32010PriorYear3
Total For Prior Years15594TotalForPriorYears
Qualifying Distributions7650QualifyingDistributions
Applied To Year12184AppliedToYear1
Applied To Current Year5466AppliedToCurrentYear
Prior Year Undistributed Income15594PriorYearUndistributedIncome
Taxable Amount115594TaxableAmount1
Undistributed Income CY1198UndistributedIncomeCY

Private Operating Foundations PrivateOperatingFoundations

FieldValueIRS element (for citing)
Section4942j3XSection4942j3

Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn

FieldValueIRS element (for citing)
Current Year0CurrentYear
Year11814Year1
Year21848Year2
Year31795Year3
Total5457Total

Percent85 Of Lessor Percent85OfLessor

FieldValueIRS element (for citing)
Year11542Year1
Year21571Year2
Year31526Year3
Total4639Total

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Current Year7650CurrentYear
Year17200Year1
Year25350Year2
Year36950Year3
Total27150Total

Qlfy Distri Made Directly QlfyDistriMadeDirectly

FieldValueIRS element (for citing)
Current Year7650CurrentYear
Year17200Year1
Year25350Year2
Year36950Year3
Total27150Total

Two Thirds Min Invst Return TwoThirdsMinInvstReturn

FieldValueIRS element (for citing)
Current Year4480CurrentYear
Year13213Year1
Year23548Year2
Year33543Year3
Total14784Total

Public Support PublicSupport

FieldValueIRS element (for citing)
Current Year4480CurrentYear
Year13213Year1
Year23548Year2
Year33543Year3
Total14784Total

Gross Investment Income GrossInvestmentIncome

FieldValueIRS element (for citing)
Current Year1371CurrentYear
Year12151Year1
Year21848Year2
Year31958Year3
Total7328Total

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerAshit GangulyContributingManager
Contributing ManagerJean GangulyContributingManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (21 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodePurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWNMD21741HUMANITARIAN$400
UNICEF
PO BOX 27780NEWARKNJ07101HUMANITARIAN$500
WNYC RADIO
PO BOX 1550NEW YORKNY10116HUMANITARIAN$600
NEW YORK PUBLIC TELEVISION
PO BOX 2100NEW YOTKNY10116HUMANITARIAN$600
EARTHJUSTICE
426 17 STREETOAKLANDCA94612HUMANITARIAN$300
OXFOAM
PO BOX 55807BOSTONMA02205HUMANITARIAN$400
AMNESTY INTERNATIONAL
PO BOX 96756WASHINGTONDC20077HUMANITARIAN$100
MONTCLAIR PUBLIC LIBRARY
50 S FULLERTON AVEMONTCLAIRNJ07042HUMANITARIAN$300
IMPERIAL COLLEGE FOUNDTION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$300
PBS THIRTEEN WNET
450 W 33 STREETNEW YORKNY10001HUMANITARIAN$600
HUMAN NEEDS FOOD PANTRY
9 LABEL STREETMONTCLAIRNJ07042HUMANITARIAN$300
MONTCLAIR AMBULANCE UNIT
95 WALNUT STREETMONTCLAIRNJ07042HUMANITARIAN$200
AMERICAN ASSN FOR THE ADVANCEMENT OF SCIENCE
PO BOX 632031BALTIMOREMD21298HUMANITARIAN$200
PLANNED PARENTHOOD
PO BOX 97166WASHINGTONDC20077HUMANITARIAN$400
NEW YORK PUBLIC LIBRARY
476 5TH AVENUENEW YORKNY10138HUMANITARIAN$150
MONTCLAIR FMBA #20
551 VALLEY ROADUPPER MONTCLAIRNJ07043HUMANITARIAN$200
BELMONT FOOD PANTRY
PO BOX 9191CONCORDMA01742HUMANITARIAN$600
ROSIES PLACE
PO BOX 51399BOSTONMA02205HUMANITARIAN$300
HORIZONS OF HOMELESS CHILDREN
1705 COLUMBUS AVENUEROXBURYMA02119HUMANITARIAN$300
MONTCLAIR COMMUNITY PRE K
49 ORANGE ROADMONTCLAIRNJ07042HUMANITARIAN$400
FOUNDATION OF BELMONT EDUCATION
PO BOX 518BELMONTMA02478HUMANITARIAN$500
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year7650TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$16ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$2,909ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion-$779ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$2,146ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA2146TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

FieldValueIRS element (for citing)
Line Number1LineNumber
Relationship StatementN/ARelationshipStatement

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFXOrganization501c3ExemptPF
General RuleXGeneralRule

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number1ContributorNumber
Contributor Name IndividualA GANGULYContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line198 COOPER AVENUEAddressLine1
CityUPPER MONTCLAIRCity
StateNJState
ZIP Code07043ZIPCode
FieldValueIRS element (for citing)
Aggregate Contributions10000AggregateContributions
Person Contribution TypeXPersonContributionType

All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch

All Oth Prog Rltd Investments AllOthProgRltdInvestments

FieldValueIRS element (for citing)
DescriptionN/ADescription

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAsset (2 entries)

NameNameDate AcquiredDateAcquiredHow AcquiredHowAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceBasisBasisTotal NetTotalNet
DAVIS NY VENTURE2006-10P2012-012469223979713
SATYAM COMPUTER SVCS2001-08P2012-0415743066-1492

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (4 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
2425 shares of Pfizer2517760817
843 shares of American Growth Fund2333028253
579 shares of BlackRock Large Cap99668520
1346 shares of Black Rock Equity2557226773

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionINVESTMENT FEEDescription
Revenue And Expenses Per Books150RevenueAndExpensesPerBooks
Net Investment Income150NetInvestmentIncome
Adjusted Net Income150AdjustedNetIncome

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor SubstantialContributor

FieldValueIRS element (for citing)
Person NameDR A GANGULTPersonName

US Address USAddress

FieldValueIRS element (for citing)
Address Line196 COOPER AVENUEAddressLine1
CityUPPER MONTCLAIRCity
StateNJState
ZIP Code07043ZIPCode

Taxes Schedule TaxesSchedule