The Nararo Foundation
- Assets
- $14.1m
- Revenue
- $354.9k
- Investments
- $13.9m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 02-0229861
Organization Overview
The Nararo Foundation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nararo Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nararo Foundation generated $354.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $870.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nararo Foundation has awarded 435 individual grants totaling $5,258,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas I Whitman Managing Trustee | 4 | $0 | |
Mira Rabin Managing Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $257,603 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $97,295 |
| Capital Gain Net Income | $97,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $354,898 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,864 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,745 |
| Total operating and administrative expenses | $76,954 |
| Contributions, gifts, grants paid | $793,700 |
| Total expenses and disbursements | $870,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,737 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,691 |
| Total assets | $14,143,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $11,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,000 |
Grants Awarded
Over the last fiscal year, The Nararo Foundation has awarded $793,700 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTHROPIC TRUST PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $750,000 |
MAIA PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $11,000 |
COLUMBIA UNIVERSITY BARBARA WHITMAN ENDOWMENT FELLOWSHIP FUND PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $10,000 |
NON VIOLENCE INTERNATIONAL PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $10,000 |
LIBRARIES WITHOUT BORDERS PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $5,500 |
GLOBAL ARCH PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $5,500 |