P A N I Foundation Inc
- Assets
- $3.1m
- Revenue
- $583.7k
- Investments
- $2.9m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-3574876
Organization Overview
P A N I Foundation Inc is located in Houston, TX. The organization was established in 2009. 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. P A N I 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 12/2022, P A N I Foundation Inc generated $583.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $298.8k during the year ending 12/2022. While expenses have increased by 9.4% per year over the past 8 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, P A N I Foundation Inc has awarded 47 individual grants totaling $1,583,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
(07) CONTRIBUTIONS TO 501(C)(3)CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Poonam Mittal President | 5 | $0 | |
Ajai Puri VP & Treasurer | 5 | $0 | |
Karishma Isha Puri Manager | 20 | $43,667 | |
Michelle Beale Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $393,119 |
| Interest on Savings | $77 |
| Dividends & Interest | $68,109 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $120,670 |
| Capital Gain Net Income | $120,670 |
| Net ST Capital Gain | $120,670 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,700 |
| Total Revenue | $583,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,031 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,042 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,680 |
| Total operating and administrative expenses | $78,753 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $298,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,646 |
| Savings and temporary cash investments | $36,493 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,051,488 |
| 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, P A N I Foundation Inc has awarded $220,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDE INDIA CHILDCARE CENTRES USA PURPOSE: CHARITABLE PURPOSES | $50,000 |
PRATHAM USA PURPOSE: CHARITABLE PURPOSES | $45,000 |
THE SMILE TRAIN PURPOSE: CHARITABLE PURPOSES | $50,000 |
SAVE THE CHILD FOUNDATION PURPOSE: CHARITABLE PURPOSES | $35,000 |
SIGHTLIFE PURPOSE: CHARITABLE PURPOSES | $20,000 |
THE GOOJI FOUNDATION PURPOSE: CHARITABLE PURPOSES | $20,000 |