Tungare Manohar Family Foundation Inc
- Assets
- $6.2m
- Revenue
- $128.6k
- Investments
- $6.0m
- Employees
- 0
- Location
- Morristown, NJ
- Founding
- 10/1997
- Data as of
- 11/2022
- EIN
- 22-3537431
Organization Overview
Tungare Manohar Family Foundation Inc is located in Morristown, NJ. The organization was established in 1997. 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. Tungare Manohar Family 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 11/2022, Tungare Manohar Family Foundation Inc generated $128.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $374.1k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tungare Manohar Family Foundation Inc has awarded 187 individual grants totaling $3,121,050. 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 |
|---|---|---|---|
Sandeep Tungare President | 5 | $0 | |
Vidhya Tungare Vp/treasurer | 5 | $0 | |
Ajay Tungare Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116 |
| Dividends & Interest | $101,840 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,607 |
| Capital Gain Net Income | $26,607 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,811 |
| Total operating and administrative expenses | $66,350 |
| Contributions, gifts, grants paid | $307,750 |
| Total expenses and disbursements | $374,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,266 |
| 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 | $1,094,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,216,560 |
| 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, Tungare Manohar Family Foundation Inc has awarded $307,750 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIED MEDIA PROJECTS PURPOSE: SOCIAL INITIATIVE | $2,500 |
BMM 2022 CONVENTION PURPOSE: PERFORMING ARTS | $50,000 |
CANCER RESEARCH INSTITUTE PURPOSE: MEDICAL RESEARCH | $5,000 |
CENTER FOR REPRODUCTIVE RIGHTS PURPOSE: REPRODUCTIVE RIGHTS | $5,000 |
CLEAN AIR TASK FORCE PURPOSE: CLEAN AIR/POLLUTION CONTROL | $20,000 |
DREAMALITY INC PURPOSE: MUSICAL PROGRAM | $40,000 |