Kapoor Foundation Inc
- Assets
- $1.2m
- Revenue
- $37.6k
- Investments
- $1.1m
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 23-2960127
Organization Overview
Kapoor Foundation Inc is located in Bethlehem, PA. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Kapoor 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 12/2023, Kapoor Foundation Inc generated $37.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $7.7k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO QUALIFYING CHARITABLE ORGANIZATIONS. THERE WERE 16 ORGANIZATIONS IN 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gopal K Kapoor Pres | 1 | $0 | |
Preeta Kapoor Secretary | 1 | $0 | |
Nimita Kapoor-Atiyeh Treasurer | 1 | $0 | |
Rajil Kapoor Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,394 |
| Dividends & Interest | $33,186 |
| 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 | $37,580 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $7,656 |
| Total expenses and disbursements | $7,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $112,524 |
| 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 | $479,251 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,209,571 |
| 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, Kapoor Foundation Inc has awarded $7,656 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
HINDU TEMPLE SOCIETY PURPOSE: RELIGIOUS TEMPLE | $50 |
ALLENTOWN RESCUE MISSION PURPOSE: CHARITABLE ORG | $3,000 |
FOOD FOR THE POOR PURPOSE: CHARITABLE ORG | $100 |
ARTSQUEST PURPOSE: CHARITABLE ORG | $250 |
FEEDING AMERICA PURPOSE: CHARITABLE ORG | $100 |
ST JUDE PURPOSE: CHARITABLE ORG | $200 |