Dalal Family Foundation Inc
- Assets
- $11.9m
- Revenue
- $1.9m
- Investments
- $11.8m
- Employees
- 0
- Location
- South Plainfield, NJ
- Founding
- 12/1998
- Data as of
- 12/2022
- EIN
- 22-3559839
Organization Overview
Dalal Family Foundation Inc is located in South Plainfield, NJ. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dalal 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 12/2022, Dalal Family Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $141.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (25.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dalal Family Foundation Inc has awarded 96 individual grants totaling $2,321,649. 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 |
|---|---|---|---|
Nayan Dalal President & Chief Executive Officer | 5 | $0 | |
Bindu Dalal Vice President | 5 | $0 | |
Sanjiv Shah Secretary | 2 | $0 | |
Aditya Dalal Trustee | 2 | $0 | |
Akash Dalal Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $257,546 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,090,214 |
| Capital Gain Net Income | $1,090,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14 |
| Total Revenue | $1,897,874 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,812 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $154 |
| Total operating and administrative expenses | $21,837 |
| Contributions, gifts, grants paid | $119,500 |
| Total expenses and disbursements | $141,337 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,553 |
| 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 | $11,788,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,920,650 |
| 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, Dalal Family Foundation Inc has awarded $119,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AYATI CHARITY PURPOSE: GENERAL DONATION | $10,000 |
CITY OF PLAINFIELD PURPOSE: GENERAL DONATION | $5,000 |
CHINMAYA MISSION TRI STATE CENTER PURPOSE: GENERAL DONATION | $10,000 |
IMMACULATE HEART OF MARY ROMAN CATHOLIC CHURCH PURPOSE: GENERAL DONATION | $1,000 |
HEART & HAND FOR HANDICAPPED PURPOSE: GENERAL DONATION | $20,000 |
INCLUSIVE CREATIONS PURPOSE: GENERAL DONATION | $1,000 |