Kapoor Foundation Inc
- Assets
- $1.7m
- Revenue
- $1.0m
- Investments
- $1.4m
- Employees
- 0
- Location
- Bethlehem, PA
- Founding
- 07/1998
- Data as of
- 12/2021
- 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 12/2021, Kapoor Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.5% each year . All expenses for the organization totaled $10.8k during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO QUALIFYING CHARITABLE ORGANIZATIONS. THERE WERE 26 ORGANIZATIONS IN 2021
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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 | $1,010,095 |
| Interest on Savings | $7,674 |
| Dividends & Interest | $25,035 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $853 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,692 |
| Total Revenue | $1,044,496 |
| 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 | $1,021 |
| Total operating and administrative expenses | $1,021 |
| Contributions, gifts, grants paid | $9,750 |
| Total expenses and disbursements | $10,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $347,530 |
| 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 | $258,993 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,721,736 |
| 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 $9,750 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALLENTOWN RESCUE MISSION PURPOSE: CHARITABLE ORG | $5,000 |
Allentown, PA PURPOSE: RELIGIOUS TEMPLE | $1,500 |
Chicago, IL PURPOSE: CHARITABLE ORG | $400 |
Oklahoma City, OK PURPOSE: CHARITABLE ORG | $200 |
EASTER SEALS PURPOSE: CHARITABLE ORG | $200 |
MARCH OF DIMES PURPOSE: CHARITABLE ORG | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |
Madeline Foundation Baltimore, MD | $27,935,341 | $684,991 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |