Jain Sangh Of New England
- Assets
- $2.5m
- Revenue
- $225.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, MA
- Founding
- 03/2001
- Data as of
- 06/2020
- EIN
- 04-3518479
Organization Overview
Jain Sangh Of New England is located in Burlington, MA. The organization was established in 2001. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jain Sangh Of New England 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 06/2020, Jain Sangh Of New England generated $225.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $131.8k during the year ending 06/2020. While expenses have increased by 5.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN A TEMPLE A PLACE OF WORSHIP AND PROMOTE RELIGIOUS & CULTURAL ACTIVITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN A TEMPLE A PLACE OF WORSHIP AND PROMOTE RELIGIOUS & CULTURAL ACTIVITY
MAINTAIN A TEMPLE A PLACE OF WORSHIP AND PROMOTE RELIGIOUS & CULTURAL ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rinesh Palkhiwala President | Officer | 0 | $0 |
Sanjay Shah Treasurer | Officer | 0 | $0 |
Ushir Shah Vice President | Officer | 0 | $0 |
Riddhesh Shah Director | Officer | 0 | $0 |
Maulin Shah Director | Officer | 0 | $0 |
Ketan Mehta Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,462 |
| Investment income | $14,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,501 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,037 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $131,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,290 |
| Savings and temporary cash investments | $1,196,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,469,725 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,469,725 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jain Sangh Of New England has recieved totaling $13,953.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $12,953 |
Bvm Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $1,000 |
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|---|---|---|
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Eagles Wings International Inc Clarence, NY | $2,162,007 | $2,431,400 |
In2 Onnuri Community Church New York New York, NY | $2,609,357 | $2,620,100 |
Affirmative Evangelism Fellowship Middletown, NY | $2,879,019 | $1,947,839 |
Straight Ahead Ministries Inc Worcester, MA | $3,731,780 | $2,558,274 |
Camp Spofford Of The Evangelical Free Church Of America Spofford, NH | $5,897,116 | $2,036,666 |
Missionary Assembly Of God Of Marlborough Inc Marlborough, MA | $555,964 | $1,247,447 |