Vedant P Patel Foundation Inc
- Assets
- $1.9m
- Revenue
- $190.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Singer Island, FL
- Founding
- 11/2008
- Data as of
- 12/2021
- EIN
- 26-2834984
Organization Overview
Vedant P Patel Foundation Inc is located in Singer Island, FL. The organization was established in 2008. 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. Vedant P Patel 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, Vedant P Patel Foundation Inc generated $190.2k in total revenue. All expenses for the organization totaled $173.3k during the year ending 12/2021. While expenses have increased by 16.1% 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.
Since 2015, Vedant P Patel Foundation Inc has awarded 80 individual grants totaling $738,012. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paresh Patel Trustee | 0.5 | $0 | |
Prashant Patel Trustee | 0.5 | $0 | |
Mikhil Patel Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $169,890 |
| Capital Gain Net Income | $169,890 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,031 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $18,233 |
| Contributions, gifts, grants paid | $155,094 |
| Total expenses and disbursements | $173,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,758 |
| 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 | $44,546 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,873,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $82,383 |
| 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 | $82,383 |
Grants Awarded
Over the last fiscal year, Vedant P Patel Foundation Inc has awarded $155,094 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BAPS PURPOSE: CONSTRUCTION OF RELIGIOUS CENTER ROBBINSVILLE NJ | $35,000 |
BAPS PURPOSE: CONSTRUCTION OF A RELIGIOUS CENTERROBBINSVILLE NJ | $31,001 |
Newark, NJ PURPOSE: CARING FOR HOMELESS ADOLESCENTS | $20,000 |
Newark, NJ PURPOSE: CARING FOR HOMELESS ADOLESCENTS | $15,000 |
Hillside, NJ PURPOSE: FOOD BANK | $15,000 |
FOOD BANK OF SOUTHERN TIER PURPOSE: FOOD BANK | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |