ARORA FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: ARORA FOUNDATION INC (EIN 03-0576552)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-06
IRS object ID: 201321269349100357
Schema version: 2012v2.0
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
Form 990-PF
Other Expenses Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-06T07:59:27-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Vescio Family Advisors LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	34 South Broadway Ste 409	AddressLine1
City	White Plains	City
State	NY	State
ZIP Code	106014430	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	030576552	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	ARORA FOUNDATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	AROR	NameControl
Phone	2036296029	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	56 ROCKWOOD LANE	AddressLine1
City	GREENWICH	City
State	CT	State
ZIP Code	06830	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	HARPREET ARORA	Name
Title	President	Title
Date Signed	2013-05-06	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	CHRISTOPHER C VESCIO CPA	Name
PTIN	P00003541	PTIN
Phone	9143589888	Phone
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	2123698	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	200000	ContriReceivedRevAndExpnss
Not Required To Attach Schedule B	X	NotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss	33896	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	33896	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	28399	DividendsRevAndExpnss
Dividends Net Invst Incm	28399	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	17666	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	245692	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	17666	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	279961	TotalRevenueAndExpenses
Total Net Investment Income	79961	TotalNetInvestmentIncome
Taxes Rev And Expnss	1690	TaxesRevAndExpnss
Taxes Net Invst Incm	1690	TaxesNetInvstIncm
Other Expenses Rev And Expnss	164	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	164	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	1854	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	1854	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	118925	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	118925	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	120779	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	1854	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	118925	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	159182	ExcessOfRevenueOverExpenses
Net Investment Income	78107	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	1914861	CashBOY
Cash EOY	2074043	CashEOY
Cash EOYFMV	2123698	CashEOYFMV
Total Assets BOY	1914861	TotalAssetsBOY
Total Assets EOY	2074043	TotalAssetsEOY
Total Assets EOYFMV	2123698	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	1914861	RetainedEarningsBOY
Retained Earnings EOY	2074043	RetainedEarningsEOY
Total Net Assets BOY	1914861	TotalNetAssetsBOY
Total Net Assets EOY	2074043	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1914861	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	2074043	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1914861	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	159182	ExcessOfRevenueOverExpenses
Subtotal	2074043	Subtotal
Total Net Assets Fund Balances EOY	2074043	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	17666	CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	94739	QualifyingDistributionsYear1
Noncharitable Assets Year1	2021668	NoncharitableAssetsYear1
Distribution Ratio Year1	0.04686	DistributionRatioYear1
Qualifying Distributions Year2	70122	QualifyingDistributionsYear2
Noncharitable Assets Year2	1507721	NoncharitableAssetsYear2
Distribution Ratio Year2	0.04651	DistributionRatioYear2
Qualifying Distributions Year3	26500	QualifyingDistributionsYear3
Noncharitable Assets Year3	1398104	NoncharitableAssetsYear3
Distribution Ratio Year3	0.01895	DistributionRatioYear3
Qualifying Distributions Year4	16228	QualifyingDistributionsYear4
Noncharitable Assets Year4	248220	NoncharitableAssetsYear4
Distribution Ratio Year4	0.06538	DistributionRatioYear4
Qualifying Distributions Year5	14731	QualifyingDistributionsYear5
Noncharitable Assets Year5	259616	NoncharitableAssetsYear5
Distribution Ratio Year5	0.05674	DistributionRatioYear5
Total Distribution Ratio	0.23444	TotalDistributionRatio
Average Distribution Ratio	0.04689	AverageDistributionRatio
Net Noncharitable Assets	1940811	NetNoncharitableAssets
Adjusted Noncharitable Assets	91003	AdjustedNoncharitableAssets
One Percent Net Investment Income	781	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	91784	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	118925	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	781	InvestmentIncomeExciseTax
Subtotal	781	Subtotal
Tax Based On Investment Income	781	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	2000	EstTaxPaymentsAndOverpayment
Total Credits And Payments	2000	TotalCreditsAndPayments
Overpayment	1219	Overpayment
Amount Credited To Next Year	1219	AmountCreditedToNextYear

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Form990 T Filed	false	Form990TFiled
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	DE	StatesFiledWith
States Filed With	CT	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	VESCIO FAMILY ADVISORS LLC	BusinessNameLine1

Field	Value	IRS element (for citing)
Books In Care Of Phone Number	9143589888	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	34 SOUTH BROADWAY STE 409	AddressLine1
City	WHITE PLAINS	City
State	NY	State
ZIP Code	10601	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Acts Fail To Qualify As Exceptions	false	ActsFailToQualifyAsExceptions
Uncorrected Prior Acts	false	UncorrectedPriorActs
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Undistr Income4942a2 Not Applied	false	UndistrIncome4942a2NotApplied
Business Holdings	false	BusinessHoldings
Excess Business Holdings	false	ExcessBusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Tr Fail To Qualify As Exceptions	false	TrFailToQualifyAsExceptions
Maint Expend Responsibility	false	MaintExpendResponsibility
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn
Proceeds Or Net Income	false	ProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation
NISHA ARORA
56 ROCKWOOD LANE	GREENWICH	CT	06830	Vice President	0.00	0
HARPREET ARORA
56 ROCKWOOD LANE	GREENWICH	CT	06830	President	0.00	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	1951386	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	18981	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	1970367	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	1970367	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	29556	CashDeemedCharitable
Net Noncharitable Assets	1940811	NetNoncharitableAssets
Minimum Investment Return	97041	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	97041	MinimumInvestmentReturn
Tax Based On Investment Income	781	TaxBasedOnInvestmentIncome
Total Tax	781	TotalTax
Distributable Amount Before Adj	96260	DistributableAmountBeforeAdj
Distributable Amount Before Ded	96260	DistributableAmountBeforeDed
Distributable Amount As Adjusted	96260	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	118925	ExpensesAndContributions
Qualifying Distributions	118925	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	781	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	118144	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	96260	DistributableAmountAsAdjusted
Excess Distri Carryover Year3	5813	ExcessDistriCarryoverYear3
Total Excess Distri Carryover	5813	TotalExcessDistriCarryover
Qualifying Distributions	118925	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	96260	AppliedToCurrentYear
Remaining Distri From Corpus	22665	RemainingDistriFromCorpus
Total Corpus	28478	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	28478	ExcessDistriCyovToNextYear
Excess From Year3	5813	ExcessFromYear3
Excess From Current Year	22665	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	NISHA ARORA	ContributingManager
Contributing Manager	HARPREET ARORA	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (21 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount	Address Line1RecipientForeignAddress/AddressLine1	CityRecipientForeignAddress/City	CountryRecipientForeignAddress/Country	Postal CodeRecipientForeignAddress/PostalCode
HARNEET KAUR
575 BUENA PARKWAY	BRIDGEWATER	NJ	08807	CHAR ORG	CHARITABLE CONTRIBUTION	$2,000
AMERICAN MUSEUM OF NATURAL HISTORY
200 CENTRAL PARK WEST	NEW YORK	NY	10024	CHAR ORG	CHARITABLE CONTRIBUTION	$125
WILDLIFE CONSERVATION SOCIETY
2300 SOUTHERN BLVD	BRONX	NY	10460	CHAR ORG	CHARITABLE CONTRIBUTION	$165
YALE ALUMNI ASSOCIATION OF GREENWIC
15 EAST PUTNAM AVENUE	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$75
PRATHAM USA
733 THIRD AVENUE	NEW YORK	NY	10017	CHAR ORG	CHARITABLE CONTRIBUTION	$10,000
JUVENILE DIABETES RESEARCH FOUNDATI
200 CONNECTICUT AVENUE	NORWALK	CT	06854	CHAR ORG	CHARITABLE CONTRIBUTION	$100
INDIA CULTURAL CENTER OF GREENWICH
80 GREENWICH AVENUE	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$25,000
MOUNT SINAI SCHOOL OF MEDICINE
1428 MADISON AVENUE	NEW YORK	NY	10029	CHAR ORG	CHARITABLE CONTRIBUTION	$7,100
MYSTIC AQUARIUM
55 COOGAN BLVD	MYSTIC	CT	06355	CHAR ORG	CHARITABLE CONTRIBUTION	$224
GREENWICH HOSPITAL
5 PERRYRIDGE ROAD	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$2,200
THE MUSEUM OF MODERN ART
11 WEST 53RD STREET	NEW YORK	NY	10019	CHAR ORG	CHARITABLE CONTRIBUTION	$175
BOYS AND GIRLS CLUB OF GREENWICH
4 HORSENECK LANE	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$1,600
GURU TEGH BAHADUR JI FOUNDATION
622 WEST AVENUE	NORWALK	CT	06850	CHAR ORG	CHARITABLE CONTRIBUTION	$1,500
WHITBY SCHOOL
969 LAKE AVENUE	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$5,761
BRUCE MUSEUM
1 MUSEUM DRIVE	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$1,450
WOMENS EDUCATION PROJECT
PO BOX 1201	NEW YORK	NY	10021	CHAR ORG	CHARITABLE CONTRIBUTION	$5,000
GREENWICH COUNTRY DAY SCHOOL
401 OLD CHURCH ROAD	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$10,000
WORLD AFFAIRS FORUM
800 SUMMER STREET	STAMFORD	CT	06901	CHAR ORG	CHARITABLE CONTRIBUTION	$2,950
YALE SCHOOL OF MANAGEMENT
135 PROSPECT STREET	NEW HAVEN	CT	06511	CHAR ORG	CHARITABLE CONTRIBUTION	$16,000
MCCOMBS SCHOOL OF BUSINESS
UNIVERSITY OF TEXAS AT AUSTIN	AUSTIN	TX	78712	CHAR ORG	CHARITABLE CONTRIBUTION	$25,000
SEVA CHAKKARA SAMAJAM
				CHAR ORG	CHARITABLE CONTRIBUTION	$2,500	SAMI PILLAI STREET	TAMIL NADU	IN	600112

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	118925	TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$33,896	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$28,399	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	17666	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$62,295	ExclusionAmount
Related Or Exempt Function Income	17666	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	79961	TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	BANK FEES	Description
Revenue And Expenses Per Books	164	RevenueAndExpensesPerBooks
Net Investment Income	164	NetInvestmentIncome

Taxes Schedule TaxesSchedule

Taxes Taxes

Field	Value	IRS element (for citing)
Category	FEDERAL INCOME TAXES	Category
Amount	$1,690	Amount
Net Investment Income	1690	NetInvestmentIncome