STRATEGY STUDIO / PUBLIC DATA EXPLORER

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

View the entire original 990 at ProPublica ↗

Organization
GANATRA FAMILY FOUNDATION INC (EIN 56-2195283)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-04-01
IRS object ID
201110919349100706
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)
Timestamp2011-04-01T15:51:01-05:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

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 Date2010-01-01TaxPeriodBeginDate

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 Signed2011-03-28DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameJERALD B LONG CPAName
Phone7043942364Phone
Date Prepared2011-04-01DatePrepared
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 EOY98690FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss12000ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss1750InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm1750InterestOnSavingsNetInvstIncm
Interest On Savings Adj Net Incm1750InterestOnSavingsAdjNetIncm
Dividends Rev And Expnss2390DividendsRevAndExpnss
Dividends Net Invst Incm2390DividendsNetInvstIncm
Dividends Adj Net Incm2390DividendsAdjNetIncm
Net Gain Sale Assets Rev And Expnss2978NetGainSaleAssetsRevAndExpnss
Gross Sales Price74039GrossSalesPrice
Capital Gain Net Incm Net Invst Incm2978CapitalGainNetIncmNetInvstIncm
Net STCG Adj Net Incm303NetSTCGAdjNetIncm
Total Revenue And Expenses19118TotalRevenueAndExpenses
Total Net Investment Income7118TotalNetInvestmentIncome
Total Adjusted Net Income4443TotalAdjustedNetIncome
Accounting Fees Rev And Expnss825AccountingFeesRevAndExpnss
Accounting Fees Dsbrs Chrtbl Prps825AccountingFeesDsbrsChrtblPrps
Tot Opr Expenses Rev And Expnss825TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps825TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss15424ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps15424ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss16249TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps16249TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses2869ExcessOfRevenueOverExpenses
Net Investment Income7118NetInvestmentIncome
Adjusted Net Income4443AdjustedNetIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Savings And Temp Cash Invst BOY2578SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY50148SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV50148SavingsAndTempCashInvstEOYFMV
Investments Corp Bonds BOY95900InvestmentsCorpBondsBOY
Investments Corp Bonds EOY48188InvestmentsCorpBondsEOY
Investments Corp Bonds EOYFMV48188InvestmentsCorpBondsEOYFMV
Other Assets BOY181OtherAssetsBOY
Other Assets EOY354OtherAssetsEOY
Other Assets EOYFMV354OtherAssetsEOYFMV
Total Assets BOY98659TotalAssetsBOY
Total Assets EOY98690TotalAssetsEOY
Total Assets EOYFMV98690TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Retained Earnings BOY98659RetainedEarningsBOY
Retained Earnings EOY98690RetainedEarningsEOY
Total Net Assets BOY98659TotalNetAssetsBOY
Total Net Assets EOY98690TotalNetAssetsEOY
Total Liabilities Net Assets BOY98659TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY98690TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY98659TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses2869ExcessOfRevenueOverExpenses
Subtotal101528Subtotal
Other Decreases2838OtherDecreases
Total Net Assets Fund Balances EOY98690TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)

Description Of AssetDescriptionOfAssetHow AcquiredHowAcquiredDate AcquiredDateAcquiredDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLosses
FIDELITY ADVISOR STRATEGIC INCP2009-07-312010-01-1949664663303303
BANK OF AMERICA NOTESP2004-05-042010-12-014000040098-98-98
FIDELITY ADVISOR STRATEGIC INCP2009-07-312010-08-0250004581419419
FIDELITY ADVISOR STRATEGIC INCP2009-07-312010-08-02240732171923542354
FieldValueIRS element (for citing)
Capital Gain Net Income2978CapitalGainNetIncome
Net Short Term Capital Gain Or Loss303NetShortTermCapitalGainOrLoss

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 Tax142InvestmentIncomeExciseTax
Subtotal142Subtotal
Tax Based On Investment Income142TaxBasedOnInvestmentIncome
Est Tax Payments And Overpayment354EstTaxPaymentsAndOverpayment
Total Credits And Payments354TotalCreditsAndPayments
Overpayment212Overpayment
Amount Credited To Next Year212AmountCreditedToNextYear

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 Securities87873AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances8594AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets96467TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets96467AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable1447CashDeemedCharitable
Net Noncharitable Assets95020NetNoncharitableAssets
Minimum Investment Return4751MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return4751MinimumInvestmentReturn
Tax Based On Investment Income142TaxBasedOnInvestmentIncome
Total Tax142TotalTax
Distributable Amount Before Adj4609DistributableAmountBeforeAdj
Distributable Amount Before Ded4609DistributableAmountBeforeDed
Distributable Amount As Adjusted4609DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions16249ExpensesAndContributions
Qualifying Distributions16249QualifyingDistributions
Adj Qualifying Distributions16249AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted4609DistributableAmountAsAdjusted
Excess Distri Carryover Year5159218ExcessDistriCarryoverYear5
Excess Distri Carryover Year4166103ExcessDistriCarryoverYear4
Excess Distri Carryover Year359500ExcessDistriCarryoverYear3
Excess Distri Carryover Year28473ExcessDistriCarryoverYear2
Excess Distri Carryover Year110274ExcessDistriCarryoverYear1
Total Excess Distri Carryover403568TotalExcessDistriCarryover
Qualifying Distributions16249QualifyingDistributions
Applied To Current Year4609AppliedToCurrentYear
Remaining Distri From Corpus11640RemainingDistriFromCorpus
Total Corpus415208TotalCorpus
Undistributed Income CY0UndistributedIncomeCY
Excess Distri Cyov From Year5159218ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year255990ExcessDistriCyovToNextYear
Excess From Year4166103ExcessFromYear4
Excess From Year359500ExcessFromYear3
Excess From Year28473ExcessFromYear2
Excess From Year110274ExcessFromYear1
Excess From Current Year11640ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (27 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line2RecipientUSAddress/AddressLine2
A BETTER WORLD
P O BOX 667996CHARLOTTENC28266NONEEXEMPTGENERAL ACTIVITIES$750
AMERICAN DIABETES ASSOC
1701 NORTH BEAUREGARD STALEXANDRIAVA22311NONEEXEMPTGENERAL ACTIVITIES$1,000
BETHLEHEM PRES CHURCH
7608 CONCORD HIGHWAYMONROENC28110NONEEXEMPTGENERAL ACTIVITIES$400
FIRST TEE OF CHARLOTTE
2661 BARRINGER DRCHARLOTTENC28208NONEEXEMPTGENERAL ACTIVITIES$900
HINDU CENTER OF CHARLOTTE
7400 CITY VIEW DRCHARLOTTENC28212NONEEXEMPTGENERAL ACTIVITIES$151
INDIAN PERFORMING ARTS OF
PO BOX 78676CHARLOTTENC28271NONEEXEMPTGENERAL ACTIBITIES$300
LET ME RUN
6821 REISMAN LANECHARLOTTENC28210NONEEXEMPTGENERAL ACTIVITIES$200
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
4611 QUAIL RIDGE DRCHARLOTTENC28227NONEEXEMPTGENERAL ACTIVITIES$500
SANSKRUTI FOUNDATION
6523 ASHDALE PLACECHARLOTTENC28215NONEEXEMPTGENERAL ACTIVITIES$251
SUSAN G KOMEN FD
5005 LBJ FREEWAYDALLASTX75244NONEEXEMPTGENERAL ACTIVITIES$100SUITE 250
WFAE 907 20082009 FUNDR
8801 JM KEYNES DRCHARLOTTENC28262NONEEXEMPTGENERAL ACTIVITIES$180
ST JOHN'S NEIGHBOORHOOD C
417 SOUTH AVENUEROCHESTERNY14620NONEEXEMPTGENERAL ACTIVITIES$2,500
PROVIDENCE HOME
5310 DASHER CUT-OFF RD SESOUTHPORTNC28461NONEEXEMPTGENERAL ACTIVITIES$100
VIRGINIA TECH ALUMNI ASSO
P O BOX 30471CHARLOTTENC28230NONEEXEMPTGENERAL ACTIVITIES$600
PAN-MASS CHALLENGE
77 4TH AVENUENEEDHAMMA02494NONEEXEMPTGENERAL ACTIVITIES$100
LPGA TCP NATIONAL CHAMPIO
100 INTERNATIONAL GOLF DRDAYTONA BEACHFL32124NONEEXEMPTGENERAL ACTIVITIES$500
RUTHERFOODKALEN'S SWEET
6230 FAIRVIEW ROADCHARLOTTENC28210NONEEXEMPTGENERAL ACTIVITIES$540SUITE 230
AMERICAN HEART ASSOC
222 SOUTH CHURCH STREETCHARLOTTENC28202NONEEXEMPTGENERAL ACTIVITIES$200SUITE 303
MUNI SEVA CHARITABLE FOUN
2001 TREMONT STREETDOVEROH44622NONEEXEMPTGENERAL ACTIVITIES$1,001
CAROLINAS HEALTHCARE FO
P O BOX 32861CHARLOTTENC28232NONEEXEMPTGENERAL ACTIVITIES$1,250
PRATHAM USA-ANUPAM KHER
9703 RICHMOND AVENUEHOUSTONTX77042NONEEXEMPTGENERAL ACTIVITIES$2,500SUITE 102
JEFFERSON FOUNDATION
925 CHESTNUT STREETPHILADELPHIAPA19107NONEEXEMPTGENERAL ACTIVITIES$100SUITE 110
BAPS SWAMI NARAYAN MANDIR
4100 MARGARET WALLACE RDMATTHEWSNC28105NONEEXEMPTGENERAL ACTIVITIES$251
HASKINS PARK MINISTRIES
107 CROMER STREETCHARLOTTENC28208NONEEXEMPTGENERAL ACTIVITIES$100
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year15424TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Related Or Exempt Function Income1750RelatedOrExemptFunctionIncome

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Related Or Exempt Function Income2390RelatedOrExemptFunctionIncome

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Related Or Exempt Function Income2978RelatedOrExemptFunctionIncome

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Related Or Exempt Function Income7118RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Part XVIA7118TotalPartXVIA

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps

Rln Of Acty To Accom Of Exempt Prps RlnOfActyToAccomOfExemptPrps (2 entries)

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

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
General RuleXGeneralRule

Contributor Info ContributorInfo (2 entries)

Contributor NumberContributorNumberContributor Name IndividualContributorNameIndividualAddress Line1ContributorAddressUS/AddressLine1CityContributorAddressUS/CityStateContributorAddressUS/StateZIP CodeContributorAddressUS/ZIPCodeAggregate ContributionsAggregateContributionsPerson Contribution TypePersonContributionType
1TANSUKH V GANATRA6523 ASHDALE PLACECHARLOTTENC282156000X
2SARLABEN T GANATRA6523 ASHDALE PLACECHARLOTTENC282156000X

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategory
Amount$825Amount
Disbursements Charitable Prps825DisbursementsCharitablePrps

Compensation Explanation CompensationExplanation

Compensation Compensation (3 entries)

TANSUKH V GANATRA
SARLABEN T GANATRA
RAJESH T GANATRA

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corp Bonds InvestmentsCorpBonds

FieldValueIRS element (for citing)
Name Of BondCORPORATE BONDSNameOfBond
EOY Book Value48188EOYBookValue
EOYFMV48188EOYFMV

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionPREPAID INCOME TAXDescription
BOY Book Value181BOYBookValue
EOY Book Value354EOYBookValue
EOYFMV354EOYFMV

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases OtherDecreases

FieldValueIRS element (for citing)
DescriptionUNREALIZED LOSSES-SECURITIESDescription
Amount$2,838Amount