Allan & Lalita Charitable Foundation
- Assets
- $4.6m
- Revenue
- -$156.3k
- Investments
- $4.6m
- Employees
- 0
- Location
- San Marino, CA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-3865778
Organization Overview
Allan & Lalita Charitable Foundation is located in San Marino, CA. 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. Allan & Lalita Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Allan & Lalita Charitable Foundation has awarded 114 individual grants totaling $1,325,257. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHDIOCESE OF LOS ANGELES. CALLED TO RENEW PROGRAM TO RENOVATE CHURCHES.
UNIVERSITY OF TEXAS AT AUSTIN LAW SCHOOL SCHOLARSHIPS FOR STUDENTS
ST. PHILIP THE APOSTLE CHURCH PASADENA: CHURCH CHARITABLE ACTIVITIES
ROMAN CATHOLIC DIOCESE OF DARJEELING. INSTALL METAL ROOF ON PREVIOUSLY FUNDED PRIMARY SCHOOL AT KAFFER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Shenoi President | 10 | $0 | |
Lalita Shenoi Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $116,149 |
| Dividends & Interest | $165,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$437,759 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$156,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $196 |
| Taxes | $4,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $651 |
| Total operating and administrative expenses | $5,839 |
| Contributions, gifts, grants paid | $376,769 |
| Total expenses and disbursements | $382,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,313 |
| 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 | $1,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,611,490 |
| 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, Allan & Lalita Charitable Foundation has awarded $376,769 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
NALGONDA DIOCESE SOCIETY PURPOSE: REIMBURSEMENT FOR EXPNESES PAID FOR ORPHANS CAUSED BY COVID DEATHS | $8,175 |
CATHOLIC DIOCESE OF DAJREELING PURPOSE: REIMBURSEMENT FOR CONSTRUCTING STEEL ROOF OVER PRIMARY SCHOOL PREVIOUSLY FUNDED | $25,380 |
BIJAPUR JESUIT EDUCATIONAL SOCIETY PURPOSE: BALANCE DUE FOR INSTALL OF SOLAR SYSTEMS AT SCHOOL | $20,318 |
NORTH KARNATAKA JESUIT EDUCATIONAL PURPOSE: SOLAR PROJECT BALANCE | $13,484 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: FOR LAW SCHOOL STUDENT SCHOLARSHIPS | $25,000 |
SACRED HEART RETREAT HOUE PURPOSE: CATHOLIC RETREAT CENTER | $1,000 |