The Nararo Foundation
- Assets
- $14.7m
- Revenue
- $891.9k
- Investments
- $14.3m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2002
- Data as of
- 12/2021
- 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 12/2021, Nararo Foundation generated $891.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $848.3k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nararo Foundation has awarded 427 individual grants totaling $4,464,500. 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 |
|---|---|---|---|
Mira Rabin Managing Trustee | 4 | $0 | |
Thomas I Whitman Managing Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $247,336 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $644,535 |
| Capital Gain Net Income | $644,535 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $891,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,272 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,432 |
| Total operating and administrative expenses | $68,264 |
| Contributions, gifts, grants paid | $780,000 |
| Total expenses and disbursements | $848,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,992 |
| 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 | $6,581 |
| Total assets | $14,658,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, The Nararo Foundation has awarded $780,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $550,000 |
New York, NY PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $35,000 |
SWARTHMORE COLLEGE - CHESTER CHILDREN'S CHORUS PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $35,000 |
CCSA FOUNDATION PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $25,000 |
CHILDREN FIRST PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $20,000 |
FOOD MOXIE PURPOSE: UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
Tournaments For Charity Dublin, OH | $4,978,426 | $26,375,151 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |