Vijay And Marie Goradia Charitable Foundation
- Assets
- $20.9m
- Revenue
- $3.5m
- Investments
- $18.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-5835715
Organization Overview
Vijay And Marie Goradia Charitable Foundation is located in Houston, TX. The organization was established in 2007. 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. Vijay And Marie Goradia Charitable 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, Vijay And Marie Goradia Charitable Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 19.9% 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 2016, Vijay And Marie Goradia Charitable Foundation has awarded 113 individual grants totaling $12,762,891. 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 |
|---|---|---|---|
Sapphira Goradia President & Treasurer | 1 | $0 | |
Vijay Goradia Vice-President | 1 | $0 | |
Marie Goradia Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,441 |
| Dividends & Interest | $280,307 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,620,900 |
| Capital Gain Net Income | $2,620,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $582,613 |
| Total Revenue | $3,488,261 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $94,320 |
| Depreciation | $55 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,405,868 |
| Total operating and administrative expenses | $3,545,793 |
| Contributions, gifts, grants paid | $2,833,450 |
| Total expenses and disbursements | $6,379,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,304,062 |
| Savings and temporary cash investments | $4,758 |
| 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 | $15,219,771 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $45,651 |
| Total assets | $20,865,923 |
| Accounts payable and accrued expenses | $517 |
| 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 | $517 |
Grants Awarded
Over the last fiscal year, Vijay And Marie Goradia Charitable Foundation has awarded $2,833,450 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ANTARA INTERNATIONAL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $600,000 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $500,000 |
Houston, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $500,000 |
Albuquerque, NM PURPOSE: PROJECT ECHO | $400,000 |
STIR PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $250,000 |
NEW VENTURE FUND PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |