ARORA FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: ARORA FOUNDATION INC (EIN 03-0576552)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-05-13
IRS object ID: 201131339349101238
Schema version: 2010v3.2
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
Form 990-PF
Schedule B
Other Expenses Schedule
Other Increases Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-05-13T11:42:00-07:00	Timestamp
Tax Period End Date	2010-12-31	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	2010-01-01	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	2011-05-13	DateSigned

Preparer Preparer

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

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Exempt PF	X	ExemptPF
FMV Assets EOY	2031571	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	400000	ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss	49347	InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm	49347	InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss	10952	DividendsRevAndExpnss
Dividends Net Invst Incm	10952	DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss	114123	NetGainSaleAssetsRevAndExpnss
Gross Sales Price	852994	GrossSalesPrice
Capital Gain Net Incm Net Invst Incm	114123	CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses	574422	TotalRevenueAndExpenses
Total Net Investment Income	174422	TotalNetInvestmentIncome
Deprec And Depletion Rev And Expnss	0	DeprecAndDepletionRevAndExpnss
Other Expenses Rev And Expnss	76	OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm	76	OtherExpensesNetInvstIncm
Tot Opr Expenses Rev And Expnss	76	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	76	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	71865	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	71865	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	71941	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	76	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	71865	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	502481	ExcessOfRevenueOverExpenses
Net Investment Income	174346	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Cash BOY	1417791	CashBOY
Cash EOY	1925085	CashEOY
Cash EOYFMV	2031571	CashEOYFMV
Total Assets BOY	1417791	TotalAssetsBOY
Total Assets EOY	1925085	TotalAssetsEOY
Total Assets EOYFMV	2031571	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	1417791	RetainedEarningsBOY
Retained Earnings EOY	1925085	RetainedEarningsEOY
Total Net Assets BOY	1417791	TotalNetAssetsBOY
Total Net Assets EOY	1925085	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	1417791	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	1925085	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	1417791	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	502481	ExcessOfRevenueOverExpenses
Other Increases	4813	OtherIncreases
Subtotal	1925085	Subtotal
Total Net Assets Fund Balances EOY	1925085	TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Field	Value	IRS element (for citing)
Capital Gain Net Income	114123	CapitalGainNetIncome
Net Short Term Capital Gain Or Loss	39534	NetShortTermCapitalGainOrLoss

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	26500	QualifyingDistributionsYear1
Noncharitable Assets Year1	1398104	NoncharitableAssetsYear1
Distribution Ratio Year1	0.01895	DistributionRatioYear1
Qualifying Distributions Year2	16228	QualifyingDistributionsYear2
Noncharitable Assets Year2	248220	NoncharitableAssetsYear2
Distribution Ratio Year2	0.06538	DistributionRatioYear2
Qualifying Distributions Year3	14731	QualifyingDistributionsYear3
Noncharitable Assets Year3	259616	NoncharitableAssetsYear3
Distribution Ratio Year3	0.05674	DistributionRatioYear3
Qualifying Distributions Year4	2000	QualifyingDistributionsYear4
Noncharitable Assets Year4	41781	NoncharitableAssetsYear4
Distribution Ratio Year4	0.04787	DistributionRatioYear4
Noncharitable Assets Year5	378	NoncharitableAssetsYear5
Total Distribution Ratio	0.18894	TotalDistributionRatio
Average Distribution Ratio	0.03779	AverageDistributionRatio
Net Noncharitable Assets	1507721	NetNoncharitableAssets
Adjusted Noncharitable Assets	56974	AdjustedNoncharitableAssets
One Percent Net Investment Income	1743	OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One	58717	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	71865	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	X	DomesticOrgMeetingSect4940e
Investment Income Excise Tax	1743	InvestmentIncomeExciseTax
Subtotal	1743	Subtotal
Tax Based On Investment Income	1743	TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment	114	EstTaxPaymentsAndOverpayment
Total Credits And Payments	114	TotalCreditsAndPayments
Form2220 Attached	X	Form2220Attached
Penalty For Underpayment	36	PenaltyForUnderpayment
Tax Due	1665	TaxDue
Amount Credited To Next Year	0	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	1208803	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	321878	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	1530681	TotalFMVOfUnusedAssets
Reduction Claimed	0	ReductionClaimed
Adj Total FMV Of Unused Assets	1530681	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	22960	CashDeemedCharitable
Net Noncharitable Assets	1507721	NetNoncharitableAssets
Minimum Investment Return	75386	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	75386	MinimumInvestmentReturn
Tax Based On Investment Income	1743	TaxBasedOnInvestmentIncome
Total Tax	1743	TotalTax
Distributable Amount Before Adj	73643	DistributableAmountBeforeAdj
Distributable Amount Before Ded	73643	DistributableAmountBeforeDed
Distributable Amount As Adjusted	73643	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	71865	ExpensesAndContributions
Qualifying Distributions	71865	QualifyingDistributions
One Pct Sect4940e Org Net Invst Incm	1743	OnePctSect4940eOrgNetInvstIncm
Adj Qualifying Distributions	70122	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	73643	DistributableAmountAsAdjusted
Excess Distri Carryover Year3	1789	ExcessDistriCarryoverYear3
Excess Distri Carryover Year2	3861	ExcessDistriCarryoverYear2
Excess Distri Carryover Year1	6595	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	12245	TotalExcessDistriCarryover
Qualifying Distributions	71865	QualifyingDistributions
Treated As Distri From Corpus	0	TreatedAsDistriFromCorpus
Applied To Current Year	71865	AppliedToCurrentYear
Excess Distri Cyov App CY Corpus	1778	ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY	1778	ExcessDistriCyovAppliedCY
Total Corpus	10467	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov To Next Year	10467	ExcessDistriCyovToNextYear
Excess From Year3	11	ExcessFromYear3
Excess From Year2	3861	ExcessFromYear2
Excess From Year1	6595	ExcessFromYear1

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 (10 entries)

Address Line1RecipientUSAddress/AddressLine1	CityRecipientUSAddress/City	StateRecipientUSAddress/State	ZIP CodeRecipientUSAddress/ZIPCode	Recipient Foundation StatusRecipientFoundationStatus	Purpose Of Grant Or ContributionPurposeOfGrantOrContribution	AmountAmount
ALZHEIMERS ASSOCIATION
2075 SILAS DEANE HIGHWAY	ROCKY HILL	CT	06067	CHAR ORG	CHARITABLE CONTRIBUTION	$100
BUILDON
PO BOX 16741	STAMFORD	CT	06905	CHAR ORG	CHARITABLE CONTRIBUTION	$11,165
ROBINHOOD FOUNDATION
826 BROADWAY	NEW YORK	NY	10003	CHAR ORG	CHARITABLE CONTRIBUTION	$500
TEAM CONTINUUM
401 FIFTH AVENUE	NEW YORK	NY	10016	CHAR ORG	CHARITABLE CONTRIBUTION	$750
ASHA FOR EDUCATION
PO BOX 322	NEW YORK	NY	10040	CHAR ORG	CHARITABLE CONTRIBUTION	$17,280
PRATHAM USA
9703 RICHMOND AVENUE	HOUSTON	TX	77042	CHAR ORG	CHARITABLE CONTRIBUTION	$10,000
GOPIO CT
84 NELSON AVENUE	HARRISON	NY	10528	CHAR ORG	CHARITABLE CONTRIBUTION	$3,000
MCCOMBS SCHOOL OF BUSINESS
UNIVERSITY OF TEXAS AT AUSTIN	AUSTIN	TX	78712	CHAR ORG	CHARITABLE CONTRIBUTION	$10,000
KIDS IN CRISIS
ONE SALEM STREET	COS COB	CT	06807	CHAR ORG	CHARITABLE CONTRIBUTION	$5,000
PUTNAM INDIAN FIELD SCHOOL
101 INDIAN FIELD ROAD	GREENWICH	CT	06830	CHAR ORG	CHARITABLE CONTRIBUTION	$14,070

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	71865	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	$49,347	ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

Field	Value	IRS element (for citing)
Exclusion Code	14	ExclusionCode
Exclusion	$10,952	ExclusionAmount

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

Field	Value	IRS element (for citing)
Related Or Exempt Function Income	114123	RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

Field	Value	IRS element (for citing)
Exclusion	$60,299	ExclusionAmount
Related Or Exempt Function Income	114123	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Part XVIA	174422	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	HARPREET NISHA ARORA	ContributorNameIndividual

Contributor Address US ContributorAddressUS

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

Field	Value	IRS element (for citing)
Aggregate Contributions	400000	AggregateContributions
Person Contribution Type	X	PersonContributionType

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	BANK FEES	Description
Revenue And Expenses Per Books	76	RevenueAndExpensesPerBooks
Net Investment Income	76	NetInvestmentIncome

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

Field	Value	IRS element (for citing)
Description	TAX EXEMPT INTEREST	Description
Amount	$4,813	Amount