Ambal Inc
- Assets
- $2.1m
- Revenue
- $193.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 05/2010
- Data as of
- 11/2021
- EIN
- 26-1626368
Organization Overview
Ambal Inc is located in Rockledge, FL. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Ambal 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 11/2021, Ambal Inc generated $193.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $149.1k during the year ending 11/2021. While expenses have increased by 2.8% per year over the past 6 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.
Since 2015, Ambal Inc has awarded 91 individual grants totaling $754,251. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravindran Palaniyandi Director | 10 | $0 | |
Ambika Ravindran Director | 10 | $0 | |
Palaniyandi Pilai Director | 5 | $0 | |
Arun G Ravidran Director | 5 | $0 | |
Lakshmi B Ravidran Director | 5 | $0 | |
Ramsey Preston Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,105 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,876 |
| Capital Gain Net Income | $43,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $193,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,402 |
| Total operating and administrative expenses | $51,474 |
| Contributions, gifts, grants paid | $97,602 |
| Total expenses and disbursements | $149,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,255 |
| 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 | $1,963,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,052,978 |
| 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, Ambal Inc has awarded $97,602 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Viera, FL PURPOSE: TO PROMOTE EDUCATIONAL ADVANCEMENT | $30,000 |
CHILDREN'S ADVOCACY CENTER PURPOSE: PROMOTE A SAFE PLACE TO TALK, EXPRESS FEELINGS AND EXPERIENCE CHILDHOOD | $25,001 |
EASTERN FLORIDA STATE COLLEGE FOUNDATION PURPOSE: TO PROVIDE SCHOLARSHIPS FOR DESERVING STUDENTS TO CONTINUE ATTAINING HIGHER EDUCATION | $10,000 |
CLUB ESTEEM PURPOSE: PROVIDE FREE AFTER SCHOOL PROGRAMMING AND SUMMER ACTIVITIES TO STUDENTS IN GRADES 1ST THROUGH 12TH LIVING IN ECONOMICALLY DISADVANTAGED COMMUNITIES. | $10,000 |
PROMISE IN BREVARD PURPOSE: TO PROVIDE AFFORDABLE HOUSING, A VARIETY OF LIFE SKILLS CLASSES AND ACTIVITIES AS WELL AS SUPPORT TO IDENITY EMPLOYMENT OPPORTUNITIES | $5,001 |
ST STEPHEN'S WAY PURPOSE: TO AID IN THE MISSION IN SUPPORTING HOMELESS FAMILIES IN BREVARD COUNTY. FLORIDA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |