FURP.ORG / PUBLIC DATA EXPLORER

GANGULY FAMILY FOUNDATION INC: Form 990PF, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
GANGULY FAMILY FOUNDATION INC (EIN 22-3769532)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-04-06
IRS object ID
201140969349100309
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-04-06T19:40:08-00:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

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 Date2010-01-01TaxPeriodBeginDate

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)
NameA GANGULYName
TitleDIRECTORTitle
Date Signed2011-04-06DateSigned
Authorize Third PartyfalseAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLEONARD ZIMMERMANName
Phone7325360830Phone
Date Prepared2011-04-06DatePrepared
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY120499FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss10000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss21InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm21InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss1827DividendsRevAndExpnss
Dividends Net Invst Incm1827DividendsNetInvstIncm
Capital Gain Net Incm Net Invst Incm0CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses11848TotalRevenueAndExpenses
Total Net Investment Income1848TotalNetInvestmentIncome
Other Expenses Rev And Expnss231OtherExpensesRevAndExpnss
Other Expenses Net Invst Incm231OtherExpensesNetInvstIncm
Other Expenses Adj Net Incm231OtherExpensesAdjNetIncm
Tot Opr Expenses Rev And Expnss231TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm231TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm231TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss5350ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps5350ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss5581TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm231TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm231TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps5350TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses6267ExcessOfRevenueOverExpenses
Net Investment Income1617NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY10368CashBOY
Cash EOY16635CashEOY
Cash EOYFMV16635CashEOYFMV
Investments Corp Stock BOY85258InvestmentsCorpStockBOY
Investments Corp Stock EOY85258InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV103864InvestmentsCorpStockEOYFMV
Total Assets BOY95626TotalAssetsBOY
Total Assets EOY101893TotalAssetsEOY
Total Assets EOYFMV120499TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY95626CapitalStockBOY
Capital Stock EOY101893CapitalStockEOY
Total Net Assets BOY95626TotalNetAssetsBOY
Total Net Assets EOY101893TotalNetAssetsEOY
Total Liabilities Net Assets BOY95626TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY101893TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY95626TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses6267ExcessOfRevenueOverExpenses
Subtotal101893Subtotal
Total Net Assets Fund Balances EOY101893TotalNetAssetsFundBalancesEOY

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax32InvestmentIncomeExciseTax
Subtotal32Subtotal
Tax Based On Investment Income32TaxBasedOnInvestmentIncome
Tax Due32TaxDue

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
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNJStatesFiledWith
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
Expenses15350Expenses1

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 Securities94561AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances13501AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets108062TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets108062AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1621CashDeemedCharitable
Net Noncharitable Assets106441NetNoncharitableAssets
Minimum Investment Return5322MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return5322MinimumInvestmentReturn
Tax Based On Investment Income32TaxBasedOnInvestmentIncome
Total Tax32TotalTax
Distributable Amount Before Adj5290DistributableAmountBeforeAdj
Distributable Amount Before Ded5290DistributableAmountBeforeDed
Distributable Amount As Adjusted5290DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions5350ExpensesAndContributions
Qualifying Distributions5350QualifyingDistributions
Adj Qualifying Distributions5350AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted5290DistributableAmountAsAdjusted
Undistributed Income Prior Year4661UndistributedIncomePriorYear
Prior Year12006PriorYear1
Prior Year22007PriorYear2
Prior Year32008PriorYear3
Total For Prior Years14079TotalForPriorYears
Qualifying Distributions5350QualifyingDistributions
Applied To Year14661AppliedToYear1
Applied To Current Year689AppliedToCurrentYear
Prior Year Undistributed Income14079PriorYearUndistributedIncome
Taxable Amount114079TaxableAmount1
Undistributed Income CY4601UndistributedIncomeCY

Private Operating Foundations PrivateOperatingFoundations

FieldValueIRS element (for citing)
Section4942j3XSection4942j3

Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn

FieldValueIRS element (for citing)
Current Year0CurrentYear
Year11795Year1
Year23191Year2
Year35388Year3
Total10374Total

Percent85 Of Lessor Percent85OfLessor

FieldValueIRS element (for citing)
Year11526Year1
Year22712Year2
Year34580Year3
Total8818Total

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Current Year5350CurrentYear
Year16950Year1
Year27950Year2
Year35500Year3
Total25750Total

Qlfy Distri Made Directly QlfyDistriMadeDirectly

FieldValueIRS element (for citing)
Current Year5350CurrentYear
Year16950Year1
Year27950Year2
Year35500Year3
Total25750Total

Two Thirds Min Invst Return TwoThirdsMinInvstReturn

FieldValueIRS element (for citing)
Current Year3548CurrentYear
Year13543Year1
Year24399Year2
Year35237Year3
Total16727Total

Public Support PublicSupport

FieldValueIRS element (for citing)
Current Year3548CurrentYear
Year13543Year1
Year24399Year2
Year35237Year3
Total16727Total

Gross Investment Income GrossInvestmentIncome

FieldValueIRS element (for citing)
Current Year1848CurrentYear
Year11958Year1
Year23341Year2
Year35538Year3
Total12685Total

Supplementary Information SupplementaryInformation

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

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (18 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodePurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmount
NJPAC
ONE CENTER STREETNEWARKNJ07102HUMANITARIAN$300
DOCTORS WITHOUT BORDERS
PO BOX 5022HAGERSTOWBMD21741HUMANITARIAN$300
FOUNDATION OF BELMONT EDUCATION
PO BOX 518BELMONTMA02478HUMANITARIAN$400
WNYC RADIO
PO BOX 1550NEW YORKNY10116HUMANITARIAN$600
WLIW21 EDUCATIONAL BROADCASTING
PO BOX 2100NEW YORKNY10116HUMANITARIAN$300
OXFOAM AMERICA
PO BOX 55807BOSTONMA02205HUMANITARIAN$400
THE MAX ROGER FOUNDATION
1461 FIRST AVENUENEW YORKNY10075HUMANITARIAN$100
IMPERIAL COLLEGE FOUNDATION
PO BOX 80526ATLANTAGA30366HUMANITARIAN$300
PBS THIRTEEN WNET
450 W 33RD STREETNEW YORKNY10001HUMANITARIAN$600
HUMAN NEEDS FOOD PANTRY
9 LABEL STREETMONTCLAIRNJ07042HUMANITARIAN$300
MONTCLAIR VOLUNTEER AMBULANCE
95 WALNUT STREETMONTCLAIRNJ07042HUMANITARIAN$300
AMERICAN ASSOC ADVANCEMENT OF SCIEN
PO BOX 632031BALTIMOREMD21298HUMANITARIAN$200
NEW YORK PUBLIC LIBRARY
476 5TH AVENUENEW YORKNY10138HUMANITARIAN$150
MONTCLAIR FMBA 20
551VALLEY ROADUPPER MONTCLAIRNJ07043HUMANITARIAN$200
BELMONT FOOD PANTRY
PO BOX 9191CONCORDMA01742HUMANITARIAN$200
RANE'S PLACE
889 HARRISON AVENUEBOSTONMA02118HUMANITARIAN$200
HORIZON'S FOR THE HOMELESS CHILDREN
1705 COLUMBUS AVENUEROXBURYMA02119HUMANITARIAN$200
MONTCLAIR COMMUNITY PRE-K
49 ORANGE ROADMONTCLAIRNJ07042HUMANITARIAN$300
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year5350TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$21ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$1,827ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$1,848ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA1848TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

FieldValueIRS element (for citing)
Line Number0LineNumber
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

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor Number0001ContributorNumber
Contributor Name IndividualA GANGULYContributorNameIndividual

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line196 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

General Explanation Attachment GeneralExplanationAttachment

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock (5 entries)

Name Of StockNameOfStockEOY Book ValueEOYBookValueEOYFMVEOYFMV
2425 shares of Pfizer2517742462
843 shares of American Growth Fund2329524902
767 shares of Davis NY Venture Fund B2381525377
1086 shares of Satyam Computer Services30663171
575 shares of BlackRock Large Cap99057952

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses

FieldValueIRS element (for citing)
DescriptionINVESTMENT FEEDescription
Revenue And Expenses Per Books231RevenueAndExpensesPerBooks
Net Investment Income231NetInvestmentIncome
Adjusted Net Income231AdjustedNetIncome