STRATEGY STUDIO / PUBLIC DATA EXPLORER

GANATRA FAMILY FOUNDATION INC: Form 990PF, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
GANATRA FAMILY FOUNDATION INC (EIN 56-2195283)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-04-07
IRS object ID
201200989349100200
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

FieldValueIRS element (for citing)
Timestamp2012-04-07T07:54:46-05:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HUGGINS & COMPANY CPA PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line16148 BROOKSHIRE BLVD STE DAddressLine1
CityCHARLOTTECity
StateNCState
ZIP Code282162426ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN562195283EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1GANATRA FAMILY FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlGANANameControl
Phone7045356620Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line16523 ASHDALE PLACEAddressLine1
CityCHARLOTTECity
StateNCState
ZIP Code28215ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameTANSUKH V GANATRAName
TitlePRESIDENTTitle
Phone7045356620Phone
Date Signed2012-03-29DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameJERALD B LONG CPAName
Phone7043942364Phone
Date Prepared2012-04-02DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY84920FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss2000ContriReceivedRevAndExpnss
Not Required To Attach Schedule BXNotRequiredToAttachScheduleB
Interest On Savings Rev And Expnss1InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm1InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm1InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss3475DividendsRevAndExpnss
Dividends Net Invst Incm3475DividendsNetInvstIncm
Dividends Adj Net Incm3475DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss399NetGainSaleAssetsRevAndExpnss
Gross Sales Price399GrossSalesPrice
Capital Gain Net Incm Net Invst Incm399CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses5875TotalRevenueAndExpenses
Total Net Investment Income3875TotalNetInvestmentIncome
Total Adjusted Net Income3476TotalAdjustedNetIncome
Accounting Fees Rev And Expnss875AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps875AccountingFeesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss875TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps875TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss15838ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps15838ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss16713TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps16713TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-10838ExcessOfRevenueOverExpenses
Net Investment Income3875NetInvestmentIncome
Adjusted Net Income3476AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY50148SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY630SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV630SavingsAndTempCashInvstEOYFMV
Investments Corp Stock BOY48188InvestmentsCorpStockBOY
Investments Corp Stock EOY83828InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV83828InvestmentsCorpStockEOYFMV
Other Assets BOY354OtherAssetsBOY
Other Assets EOY462OtherAssetsEOY
Other Assets EOYFMV462OtherAssetsEOYFMV
Total Assets BOY98690TotalAssetsBOY
Total Assets EOY84920TotalAssetsEOY
Total Assets EOYFMV84920TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY98690RetainedEarningsBOY
Retained Earnings EOY84920RetainedEarningsEOY
Total Net Assets BOY98690TotalNetAssetsBOY
Total Net Assets EOY84920TotalNetAssetsEOY
Total Liabilities Net Assets BOY98690TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY84920TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY98690TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-10838ExcessOfRevenueOverExpenses
Subtotal87852Subtotal
Other Decreases2932OtherDecreases
Total Net Assets Fund Balances EOY84920TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

FieldValueIRS element (for citing)
Capital Gain Net Income399CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxtrueLiableFor4942Tax

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax78InvestmentIncomeExciseTax
Subtotal78Subtotal
Tax Based On Investment Income78TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment462EstTaxPaymentsAndOverpayment
Total Credits And Payments462TotalCreditsAndPayments
Overpayment384Overpayment
Amount Credited To Next Year384AmountCreditedToNextYear

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
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress
Books In Care Of Person NameTANSUKH GANATRABooksInCareOfPersonName
Books In Care Of Phone Number7045356620BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line16523 ASHDALE PLACEAddressLine1
CityCHARLOTTECity
StateNCState
ZIP Code28215ZIPCode

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
Undistributed Income Prior YearsfalseUndistributedIncomePriorYears
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft ContractfalseRcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft ContractfalsePayPremiumsPrsnlBnftContract

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 PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
TANSUKH V GANATRA
6523 ASHDALE PLACECHARLOTTENC28215PRESIDENT1.00000
SARLABEN T GANATRA
6523 ASHDALE PLACECHARLOTTENC28215V PRESIDENT1.00000
RAJESH T GANATRA
6523 ASHDALE PLACECHARLOTTENC28215DIRECTOR1.00000
FieldValueIRS element (for citing)
Comp Of Highest Paid Empl NONENONECompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONENONECompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

FieldValueIRS element (for citing)
Description1N/ADescription1

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities84755AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances9002AvgMonthlyCashBalances
FMV All Other Noncharitable Assets462FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets94219TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets94219AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1413CashDeemedCharitable
Net Noncharitable Assets92806NetNoncharitableAssets
Minimum Investment Return4640MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4640MinimumInvestmentReturn
Tax Based On Investment Income78TaxBasedOnInvestmentIncome
Total Tax78TotalTax
Distributable Amount Before Adj4562DistributableAmountBeforeAdj
Distributable Amount Before Ded4562DistributableAmountBeforeDed
Distributable Amount As Adjusted4562DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions16713ExpensesAndContributions
Qualifying Distributions16713QualifyingDistributions
Adj Qualifying Distributions16713AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4562DistributableAmountAsAdjusted
Excess Distri Carryover Year5166103ExcessDistriCarryoverYear5
Excess Distri Carryover Year459500ExcessDistriCarryoverYear4
Excess Distri Carryover Year38473ExcessDistriCarryoverYear3
Excess Distri Carryover Year210274ExcessDistriCarryoverYear2
Excess Distri Carryover Year111640ExcessDistriCarryoverYear1
Total Excess Distri Carryover255990TotalExcessDistriCarryover
Qualifying Distributions16713QualifyingDistributions
Applied To Current Year4562AppliedToCurrentYear
Remaining Distri From Corpus12151RemainingDistriFromCorpus
Total Corpus268141TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5166103ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year102038ExcessDistriCyovToNextYear
Excess From Year459500ExcessFromYear4
Excess From Year38473ExcessFromYear3
Excess From Year210274ExcessFromYear2
Excess From Year111640ExcessFromYear1
Excess From Current Year12151ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (24 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2Business Name Line2RecipientBusinessName/BusinessNameLine2
A BETTER WORLD
P O BOX 667996CHARLOTTENC28266NONEEXEMPTGENERAL ACTIVITIES$830
AMERICAN DIABETES ASSOC
1701 NORTH BEAUREGARD STALEXANDRIAVA22311NONEEXEMPTGENERAL ACTIVITIES$1,000
BETHLEHEM PRES CHURCH
9801 INDIAN TRAIL-INDIAN TRAILNC28079NONEEXEMPTGENERAL ACTIVITIES$400FAIRVIEW RD
FIRST TEE OF CHARLOTTE
2661 BARRINGER DRCHARLOTTENC28208NONEEXEMPTGENERAL ACTIVITIES$900
HINDU CENTER OF CHARLOTTE
7400 CITY VIEW DRCHARLOTTENC28212NONEEXEMPTGENERAL ACTIVITIES$4,806
INDIAN PERFORMING ARTS OF
PO BOX 78676CHARLOTTENC28271NONEEXEMPTGENERAL ACTIBITIES$300
LET ME RUN
P O BOX 473314CHARLOTTENC28247NONEEXEMPTGENERAL ACTIVITIES$500
NEW LEAF FOUNDATION
8058 CORPORATE CENTER DRCHARLOTTENC28226NONEEXEMPTGENERAL ACTIVITIES$150
PEDIATRIC HEART FUND
601 ELMWOOD AVEROCHESTERNY14642NONEEXEMPTGENERAL ACTIVITIES$500
PHIDELPHIA PRES CHURCH
11501 BAIN SCHOOL RDMINT HILLNC28227NONEEXEMPTGENERAL ACTIVITIES$300
PINE LAKE COUNTRY CLUB ALL LADY PRO
4611 QUAIL RIDGE DRCHARLOTTENC28227NONEEXEMPTGENERAL ACTIVITIES$500-AM
SANSKRUTI FOUNDATION
6523 ASHDALE PLACECHARLOTTENC28215NONEEXEMPTGENERAL ACTIVITIES$251ANNUAL CHILD SPONSORSHIP
VIRGINIA TECH ALUMNI ASSO
P O BOX 30471CHARLOTTENC28230NONEEXEMPTGENERAL ACTIVITIES$600
PAN-MASS CHALLENGE
171 WEST 71ST STREETNEW YORKNY10023NONEEXEMPTGENERAL ACTIVITIES$100
LPGA FOUNDATION
100 INTERNATIONAL GOLF DRDAYTONA BEACHFL32124NONEEXEMPTGENERAL ACTIVITIES$200
AMERICAN HEART ASSOC
7272 GREENVILLE AVEDALLASTX75231NONEEXEMPTGENERAL ACTIVITIES$100
CAROLINAS HEALTHCARE FO
P O BOX 32861CHARLOTTENC28232NONEEXEMPTGENERAL ACTIVITIES$250
MUSCULAR DYSTROPHY ASSOCIATION
1515 MOCKINGBIRD LANECHARLOTTENC28209NONEEXEMPTGENERAL ACTIVITIES$50SUITE 701
WINE TO WATER
703 WEST KING STREETBOONENC28607NONEEXEMPTGENERAL ACTIVITIES$500P O BOX 5267DOC HENLEY UGANDA PROJECT
JUNIOR ACHEIVERS OF CHARLOTTE
201 SOUTH TRYON STREETCHARLOTTENC282023212NONEEXEMPTGENERAL ACTIVITIES$100
VEDIC CENTER OF GREENVILLE SC
P O BOX 5311GREENVILLESC29606NONEEXEMPTGENERAL ACTIVITIES$2,501
PROBASI OF CHARLOTTE
P O BOX 77946CHARLOTTENC282717022NONEEXEMPTGENERAL ACTIVITIES$250
MAITI NEPAL
63-6 COMMERCIAL WHARFBOSTONMA02110NONEEXEMPTGENERAL ACTIVITIES$500
KIWANIS INTERNATIONAL
3636 WOODVIEW TRACEINDIANAPOLISIN46268NONEEXEMPTGENERAL ACTIVITIES$250
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year15838TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Related Or Exempt Function Income1RelatedOrExemptFunctionIncome

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income3475RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income399RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income3875RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA3875TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps (3 entries)

Line NumberLineNumberRelationship StatementRelationshipStatement
3THE INCOME WAS APPLIED TO THE GENERAL ACTIVITIES
4OF THE
8FOUNDATION.

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategory
Amount$875Amount
Disbursements Charitable Prps875DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

TANSUKH V GANATRA
SARLABEN T GANATRA
RAJESH T GANATRA

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corp Stock InvestmentsCorpStock

FieldValueIRS element (for citing)
Name Of StockMUTUAL FUNDSNameOfStock
EOY Book Value83828EOYBookValue
EOYFMV83828EOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionPREPAID INCOME TAXDescription
BOY Book Value354BOYBookValue
EOY Book Value462EOYBookValue
EOYFMV462EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionUNREALIZED LOSSES-SECURITIESDescription
Amount$2,932Amount