Georgina Joshi Foundation Inc
- Assets
- $1.3m
- Revenue
- $159.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8791238
Organization Overview
Georgina Joshi Foundation Inc is located in South Bend, IN. 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. Georgina Joshi 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 12/2022, Georgina Joshi Foundation Inc generated $159.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $180.3k during the year ending 12/2022. While expenses have increased by 30.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDERWRITING OF THE RESTORATION OF MUSICAL EQUIPMENT DAMAGED IN A FIRE AT SAINT MARY'S COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yatish J Joshi Chair/director | 0 | $0 | |
Joan Mansfield Treasurer/director | 0 | $0 | |
Tenzing H Joshi Director | 0 | $0 | |
Avatar A Joshi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,184 |
| Interest on Savings | $4,119 |
| Dividends & Interest | $16,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,340 |
| Capital Gain Net Income | $131,340 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $229 |
| Total Revenue | $159,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,090 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132 |
| Total operating and administrative expenses | $17,893 |
| Contributions, gifts, grants paid | $162,400 |
| Total expenses and disbursements | $180,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,584 |
| Savings and temporary cash investments | $415 |
| 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 | $1,309,675 |
| 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, Georgina Joshi Foundation Inc has awarded $162,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRAZIER KID FOUNDATION PURPOSE: GENERAL SUPPORT | $62,400 |
VENUES PARKS & ARTS FOUNDATION PURPOSE: GENERAL SUPPORT | $100,000 |