M L Foundation Inc
- Assets
- $315.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monroeville, PA
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 25-1698173
Organization Overview
M L Foundation Inc is located in Monroeville, PA. The organization was established in 1994. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M L 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, M L Foundation Inc generated $12.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $3.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (35.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ML FOUNDATION RECEIVES UNCONDITIONAL DONATIONS FROM FRIENDS AND OTHERS AND IT DISTRIBUTES WITHIN USA, INDIA AND OTHER COUNTRIES FOR HEALTH, HUMANITARIAN AND EDUCATIONAL PURPOSES THROUGH RECOGNIZED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3
COLLECTED FUNDS FOR OXYGEN CONCENTRATORS AND SEND MONEY TO LIONS CLUB INTERNATIONAL, CHICAGO , ILLINOIS FOR PURCHASING MEDICAL SUPPLIES AND OXYGEN CONCENTRATORS FOR INDIA TO CONTROL COVID -19 IN INDIA
DIFFERENT AMOUNT WERE SENT TO KUTCH KADAWA PATIDAR SANTHA FOR HELPING POOR CHILDREN IN KUTCH, GUJARAT, INDIA COMMUNITY FOOD BANK IN PITTSBURGH AND WESTMORELAND COUNTY BROTHERS TO BROTHER FOUNDATION FOR REFUGEES IN YEMEN AND ETHOPIA HABITAT FOR HUMANITY, DOCTORS WITHOUT BORDERS, SMILE TRAIN AND SOUTHERN POVERTY LAW CENTER WERE PROVIDED SOME CONTRIBUTIONS
FUNDS WERE SENT TO MANCHHIBA HOSPITAL AND RESEARCH INSTITUTE , BHANDU, GUJARAT, INDIA DURING COVID-19 PANDEMIC PEAK TIME TO PURCHASE MEDICINE AND OXYGEN CONCENTRATORS ABOUT 200 PEOPLE WERE HELPED
FUNDS WERE SENT TO EKAL VIDYALAYA , HOUSTON, TEXAS FOR HELPING EDUCATE TRIBAL POOR CHILDREN IN INDIA ABOUT 75 CHILDREN BENEFITED WITH THIS GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harilal L Patel Chairman | 2 | $0 | |
Dinesh Patel President | 0.5 | $0 | |
Vijyalakshmi Patel Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,705 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,037 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $12,742 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $3,797 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $315,665 |
| Other assets | $0 |
| Total assets | $315,665 |
| Total liabilities | $0 |
| Net assets or fund balances | $315,665 |
Grants Awarded
Over the last fiscal year, M L Foundation Inc has awarded $34,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIONS CLUB INTERNATIONAL FOUNDATION PURPOSE: TO assist during Covid 19 peak time to send oxygen Concentrators and medicine to India | $24,000 |
MANCHHIBA HOSPITAL AND RESEARCH INSTITUTE PURPOSE: TO provide Medicine and Oxygen to Covid patients during the peak period of Pandemic | $10,000 |