Kanak & Prabha Golia Foundation
- Assets
- $7.0m
- Revenue
- $3.2m
- Investments
- $1.7m
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 20-8427663
Organization Overview
Kanak & Prabha Golia Foundation is located in Manhasset, NY. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kanak & Prabha Golia 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, Kanak & Prabha Golia Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.8% each year . All expenses for the organization totaled $377.2k during the year ending 12/2021. While expenses have increased by 11.3% 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 2015, Kanak & Prabha Golia Foundation has awarded 180 individual grants totaling $1,737,949. 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 |
|---|---|---|---|
Kanak Golia Managing Tru | 1 | $0 | |
Piyush Golia Managing Tru | 1 | $0 | |
Roma Golia Trustee | 1 | $0 | |
Nilesh Mehta Trustee | 1 | $0 | |
Prabha Golia Secretary | 1 | $0 | |
Preeti Mehta Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $100,286 |
| Dividends & Interest | $39,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,254 |
| Capital Gain Net Income | $73,254 |
| Net ST Capital Gain | $4,735 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,212,649 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,361 |
| Total operating and administrative expenses | $13,371 |
| Contributions, gifts, grants paid | $363,807 |
| Total expenses and disbursements | $377,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,821,524 |
| 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 | $2,500,000 |
| Total assets | $7,031,741 |
| Accounts payable and accrued expenses | $1,752 |
| 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 | $1,752 |
Grants Awarded
Over the last fiscal year, Kanak & Prabha Golia Foundation has awarded $363,807 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
SHRI NAKODA PARAS BHERAV PURPOSE: CHARITY | $105,201 |
VEERAYATAN INTERNATIONAL PURPOSE: CHARITY | $58,473 |
BABSON COLLEGE PURPOSE: CHARITY | $33,612 |
JAIPUR FOOT USA PURPOSE: CHARITY | $27,778 |
THE HINDU TEMPLE SOCIETY FULUSHING PURPOSE: CHARITY | $27,113 |
INTERNATIONAL HUMAN BENEFIT SERVICE PURPOSE: CHARITY | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |