GOYAL FAMILY CHARITABLE FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GOYAL FAMILY CHARITABLE FOUNDATION INC (EIN 04-3495952)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-15
- IRS object ID
- 201241369349101694
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-05-15T11:43:12-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHAH DIXIT & ASSOCIATES PC CPAs | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 128 Wheeler Road | AddressLine1 |
| City | Burlington | City |
| State | MA | State |
| ZIP Code | 01803 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043495952 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOYAL FAMILY CHARITABLE FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GOYA | NameControl |
| Phone | 6172441420 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 WINSTON RD | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 02459 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RAJ K GOYAL | Name |
| Title | President | Title |
| Date Signed | 2012-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CHANDRAKANT V SHAH | Name |
| Phone | 7812297796 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 457997 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 40431 | ContriReceivedRevAndExpnss |
| Dividends Rev And Expnss | 11489 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 11489 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 11489 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 1740 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 13370 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 1740 | CapitalGainNetIncmNetInvstIncm |
| Total Revenue And Expenses | 53660 | TotalRevenueAndExpenses |
| Total Net Investment Income | 13229 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 11489 | TotalAdjustedNetIncome |
| Accounting Fees Rev And Expnss | 900 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 900 | AccountingFeesNetInvstIncm |
| Taxes Rev And Expnss | 466 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 466 | TaxesNetInvstIncm |
| Other Expenses Rev And Expnss | 25 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 25 | OtherExpensesNetInvstIncm |
| Tot Opr Expenses Rev And Expnss | 1391 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 1391 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 18258 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 18258 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 19649 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 1391 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 18258 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 34011 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 11838 | NetInvestmentIncome |
| Adjusted Net Income | 11489 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | 10500 | CashEOY |
| Cash EOYFMV | 10500 | CashEOYFMV |
| Savings And Temp Cash Invst EOY | 41881 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 41881 | SavingsAndTempCashInvstEOYFMV |
| Investments Other BOY | 472552 | InvestmentsOtherBOY |
| Investments Other EOY | 454182 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 405616 | InvestmentsOtherEOYFMV |
| Total Assets BOY | 472552 | TotalAssetsBOY |
| Total Assets EOY | 506563 | TotalAssetsEOY |
| Total Assets EOYFMV | 457997 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 472552 | RetainedEarningsBOY |
| Retained Earnings EOY | 506563 | RetainedEarningsEOY |
| Total Net Assets BOY | 472552 | TotalNetAssetsBOY |
| Total Net Assets EOY | 506563 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 472552 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 506563 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 472552 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 34011 | ExcessOfRevenueOverExpenses |
| Subtotal | 506563 | Subtotal |
| Total Net Assets Fund Balances EOY | 506563 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Asset | 2000 SHS ABERDEEN ASIA | DescriptionOfAsset |
| How Acquired | P | HowAcquired |
| Date Acquired | 2009-01-01 | DateAcquired |
| Date Sold | 2011-02-04 | DateSold |
| Gross Sales Price | 13370 | GrossSalesPrice |
| Cost Or Other Basis | 11630 | CostOrOtherBasis |
| Gain Or Loss | 1740 | GainOrLoss |
| Gains Minus Excess Or Losses | 1740 | GainsMinusExcessOrLosses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 1740 | CapitalGainNetIncome |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | true | LiableFor4942Tax |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 237 | InvestmentIncomeExciseTax |
| Subtotal | 237 | Subtotal |
| Tax Based On Investment Income | 237 | TaxBasedOnInvestmentIncome |
| Tax Due | 237 | TaxDue |
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 | false | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | MA | 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 | DR RAJ K GOYAL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 6172441420 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 WINSTON RD | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 02459 | 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 (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| RAJ K GOYAL | ||||||
| 61 WINSTON ROAD | NEWTON | MA | 02459 | Director | 0.00 | 0 |
| RAJ K GOYAL | ||||||
| 61 WINSTON ROAD | NEWTON | MA | 02459 | Treasurer | 0.00 | 0 |
| RAJ K GOYAL | ||||||
| 61 WINSTON ROAD | NEWTON | MA | 02459 | 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 | 445742 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 17255 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 462997 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 462997 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 6945 | CashDeemedCharitable |
| Net Noncharitable Assets | 456052 | NetNoncharitableAssets |
| Minimum Investment Return | 22803 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 22803 | MinimumInvestmentReturn |
| Tax Based On Investment Income | 237 | TaxBasedOnInvestmentIncome |
| Total Tax | 237 | TotalTax |
| Distributable Amount Before Adj | 22566 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 22566 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 22566 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 18258 | ExpensesAndContributions |
| Qualifying Distributions | 18258 | QualifyingDistributions |
| Adj Qualifying Distributions | 18258 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 22566 | DistributableAmountAsAdjusted |
| Undistributed Income Prior Year | 18077 | UndistributedIncomePriorYear |
| Qualifying Distributions | 18258 | QualifyingDistributions |
| Applied To Year1 | 18077 | AppliedToYear1 |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 181 | AppliedToCurrentYear |
| Undistributed Income CY | 22385 | UndistributedIncomeCY |
Supplementary Information SupplementaryInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | RAJ K GOYAL | ContributingManager |
| Only Contributes To Preselected | X | OnlyContributesToPreselected |
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | RAJ GOYAL | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 WINSTON ROAD | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 02459 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Info And Materials | N/A | FormAndInfoAndMaterials |
| Submission Deadlines | N/A | SubmissionDeadlines |
| Restrictions On Awards | N/A | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (6 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| LEARNQUEST | |||||||
| 711 Main Street | Waltham | MA | 02451 | NONE | 501(C)(3) | MUSICAL ENRICHMENT | $4,500 |
| Ekal Vidyalaya Foundation of USA | |||||||
| 3908 Westhollow Parkway | Houston | TX | 77082 | NONE | 501(C)(3) | Literarcy | $1,000 |
| SAHELI | |||||||
| P O BOX 1345 | BURLINGTON | MA | 01803 | NONE | 501(C)(3) | COMMUNITY SUPPORT | $250 |
| Ramakrishna Vedanta Society of Mass | |||||||
| 58 Deerfield Street | BOSTON | MA | 02215 | NONE | 501(C)(3) | RELIGIOUS | $1,008 |
| SARVA DEV MANDIR | |||||||
| 6 MAIN STREET | OXFORD | MA | 01540 | NONE | 501(C)(3) | RELIGIOUS | $1,000 |
| B W | |||||||
| 1400 VFW PARKWAY | WEST ROXBURY | MA | 02132 | NONE | 501(C)(3) | MEDICAL CARE | $10,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 18258 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $11,489 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Income | 1740 | RelatedOrExemptFunctionIncome |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $11,489 | ExclusionAmount |
| Related Or Exempt Function Income | 1740 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 13229 | 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 |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | 1 | ContributorNumber |
| Contributor Name Individual | RAJ K AND PREM GOYAL | ContributorNameIndividual |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 61 WINSTON ROAD | AddressLine1 |
| City | NEWTON | City |
| State | MA | State |
| ZIP Code | 02459 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | 40431 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | SHAH DIXIT & ASSOCIATES | Category |
| Amount | $900 | Amount |
| Net Investment Income | 900 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 0 | DisbursementsCharitablePrps |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | BANK CHARGES | Description |
| Revenue And Expenses Per Books | 25 | RevenueAndExpensesPerBooks |
| Net Investment Income | 25 | NetInvestmentIncome |
Taxes Schedule TaxesSchedule
Taxes Taxes (3 entries)
| CategoryCategory | AmountAmount | Net Investment IncomeNetInvestmentIncome |
|---|---|---|
| IRS - FROM 4720 | $357 | 357 |
| FORM PC - ATTORNEY GENERAL OF MA | $35 | 35 |
| COMM OF MASS - ANNUAL REPORT | $74 | 74 |
Comments