Abantika Piyush Shah Foundation
- Assets
- $21.5m
- Revenue
- $926.6k
- Investments
- $20.6m
- Employees
- 0
- Location
- Bonita Springs, FL
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 20-1320572
Organization Overview
Abantika Piyush Shah Foundation is located in Bonita Springs, FL. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Abantika Piyush Shah 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 12/2023, Abantika Piyush Shah Foundation generated $926.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $134.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Abantika Piyush Shah Foundation has awarded 34 individual grants totaling $5,784,800. 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 |
|---|---|---|---|
Piyush A Shah President | 2 | $0 | |
Abantika A Shah Treasurer | 2 | $0 | |
Abantika A Shah Secretary | 2 | $0 | |
Walter C Derr Assistant Secretary | 1 | $0 | |
Walter C Derr Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,176 |
| Dividends & Interest | $647,963 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $255,566 |
| Capital Gain Net Income | $255,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,862 |
| Total Revenue | $926,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,793 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125,871 |
| Total operating and administrative expenses | $132,673 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $134,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $835,875 |
| 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 | $21,476,410 |
| 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, Abantika Piyush Shah Foundation has awarded $2,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FUND FOR PENN MEDICINE PURPOSE: MEDIAL INOVATIONMEDICAL INOVATIONMEDICAL INOVATION | $500 |
HABITAT FOR HUMANITY PURPOSE: HOUSING | $1,000 |
INDIAN ASSOCIATION OF NAPLES INC PURPOSE: EDUCATION | $500 |