Narula Foundation Inc
- Assets
- $0.0
- Revenue
- $23.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Somerset, NJ
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 22-3829578
Organization Overview
Narula Foundation Inc is located in Somerset, NJ. The organization was established in 2002. 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. Narula 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 12/2021, Narula Foundation Inc generated $23.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $12.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vir Narula President | 0 | $0 | |
Anisha Narula Secretary | 0 | $0 | |
Rattan Bakshi Trustee | 0 | $0 | |
Veru Narula Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,900 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $7,388 |
| Contributions, gifts, grants paid | $5,340 |
| Total expenses and disbursements | $12,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,902 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Narula Foundation Inc has awarded $21,610 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
FEED THE CHILDREN PURPOSE: CONTRIBUTION | $200 |
AMERICAN RED CROSS PURPOSE: CONTRIBUTION | $300 |
ARYA BAL GREH DARYA PURPOSE: CONTRIBUTION | $340 |
CONVENT HOUSE PURPOSE: CONTRIBUTION | $300 |
SHEPHARDS PANTRY PURPOSE: CONTRIBUTION | $365 |
MISC PURPOSE: CONTRIBUTION | $1,640 |