Ishan Gala Foundation Inc
- Assets
- $285.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 26-3776398
Organization Overview
Ishan Gala Foundation Inc is located in Charlottesville, VA. The organization was established in 2009. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ishan Gala 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, Ishan Gala Foundation Inc generated $177.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $143.0k during the year ending 12/2022. While expenses have increased by 16.0% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING 2022, WE PROVIDED $57, 948 IN FINANCIAL ASSISTANCE TO APPROXIMATELY 40 FAMILIES; PROVIDED 60 COMFORT PACKAGES TO FAMILIES AND CELEBRATED 60 BIRTHDAYS WITH CUPCAKES FOR FIGHTERS AND SIBLINGS. WE FULFILLED THE WISH LISTS FOR 60 CHILDREN AND PROVIDED $5,380 IN GIFT CARDS TO 20 FAMILIES TO HELP WITH HOLIDAY MEALS AND EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mayank Gala Founder/board Member | 3 | $0 | |
Sejal Gala Founder/board Member | 20 | $0 | |
Anita Smith Secretary | 3 | $0 | |
Rich Wolfe Board Member | 3 | $0 | |
Rebecca Wolfe Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,013 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,772 |
| Other Revenue | $0 |
| Total Revenue | $177,785 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,553 |
| Professional fees and other payments to independent contractors | $770 |
| Occupancy, rent, utilities, and maintenance | $5,748 |
| Printing, publications, postage, and shipping | $1,158 |
| Other expenses | $13,550 |
| Total expenses | $142,967 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $280,585 |
| Other assets | $0 |
| Total assets | $285,840 |
| Total liabilities | $4,985 |
| Net assets or fund balances | $280,855 |