Goyal Family Foundation Inc
- Assets
- $386.3k
- Revenue
- $21.5k
- Investments
- $232.3k
- Employees
- 0
- Location
- Whitestone, NY
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 11-3579353
Organization Overview
Goyal Family Foundation Inc is located in Whitestone, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Goyal Family Foundation Inc 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 12/2023, Goyal Family Foundation Inc generated $21.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $11.3k during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajani Goyal President | 1 | $0 | |
Naveen Goyal Treasurer | 1 | $0 | |
Praveen Goyal Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,211 |
| Dividends & Interest | $15,239 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $555 |
| Total operating and administrative expenses | $1,531 |
| Contributions, gifts, grants paid | $9,800 |
| Total expenses and disbursements | $11,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,002 |
| 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 | $0 |
| Total assets | $386,269 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Goyal Family Foundation Inc has awarded $9,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ASAMAI TEMPLE PURPOSE: CHARITY | $0 |
HINDU CENTER PURPOSE: CHARITY | $1,200 |
YALE UNIVERSITY PURPOSE: CHARITY | $3,000 |
HARVARD UNIV PURPOSE: CHARITY | $3,000 |
UPENN PURPOSE: CHARITY | $1,000 |
AKHIL VISHWA HINDI SAMITI INC PURPOSE: CHARITY | $250 |