Jalak Foundation New York Inc
- Assets
- $196.8k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Merrick, NY
- Founding
- 12/2008
- Data as of
- 12/2022
- EIN
- 20-8857416
Organization Overview
Jalak Foundation New York Inc is located in Merrick, NY. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jalak Foundation New York 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, Jalak Foundation New York Inc generated $100.0k in total revenue. All expenses for the organization totaled $101.1k during the year ending 12/2022.
Since 2020, Jalak Foundation New York Inc has awarded 21 individual grants totaling $246,300. 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 |
|---|---|---|---|
Jatin Kapadia President | 1 | $0 | |
Lakshmi Kapadia Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,012 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,708 |
| Total operating and administrative expenses | $10,308 |
| Contributions, gifts, grants paid | $90,800 |
| Total expenses and disbursements | $101,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,220 |
| Savings and temporary cash investments | $185,582 |
| 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 | $196,802 |
| Accounts payable and accrued expenses | $600 |
| 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 | $600 |
Grants Awarded
Over the last fiscal year, Jalak Foundation New York Inc has awarded $90,800 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHINMAYA MISSION NEW YORK PURPOSE: CHARITY | $1,000 |
DURGA TEMPLE OF WESTCHESTER INC PURPOSE: CHARITY | $1,000 |
CHILDREN'S HOPE PURPOSE: CHARITY | $650 |
CHINMAYA MISSION KISSIMMEE PURPOSE: CHARITY | $80,000 |
VAISHNAV TEMPLE OF NY PURPOSE: CHARITY | $5,000 |
GURU GOBIND SINGH SIKH CENTER INC PURPOSE: CHARITY | $1,150 |