Hersha H And Hasu P Shah Family Foundation
- Assets
- $3.3m
- Revenue
- $995.5k
- Investments
- $2.8m
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 01/2005
- Data as of
- 06/2023
- EIN
- 20-2011302
Organization Overview
Hersha H And Hasu P Shah Family Foundation is located in Harrisburg, PA. The organization was established in 2005. 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. Hersha H And Hasu P Shah Family 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 06/2023, Hersha H And Hasu P Shah Family Foundation generated $995.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $105.0k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hersha H And Hasu P Shah Family Foundation has awarded 34 individual grants totaling $2,471,471. 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 |
|---|---|---|---|
Hasu P Shah Trustee | 1 | $0 | |
Harsha H Shah Trustee | 1 | $0 | |
Jay H Shah Trustee | 1 | $0 | |
Neil H Shah Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $53,057 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,969 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $843,473 |
| Capital Gain Net Income | $843,473 |
| Net ST Capital Gain | $253 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $995,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $8,200 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,867 |
| Total operating and administrative expenses | $49,767 |
| Contributions, gifts, grants paid | $55,204 |
| Total expenses and disbursements | $104,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,281 |
| Savings and temporary cash investments | $53,448 |
| 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 | $477,917 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,348,938 |
| 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 | $246,594 |
| Other liabilities | $0 |
| Total liabilities | $246,594 |
Grants Awarded
Over the last fiscal year, Hersha H And Hasu P Shah Family Foundation has awarded $55,204 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RNC FREE EYE HOSPITAL PURPOSE: TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $49,459 |
SHRI JALARAM ARGOYA SEVA TRUST PURPOSE: TO AID IN THE ACCOMPLISHMENT OF THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $5,745 |