Bains Foundation Inc
- Assets
- $490.7k
- Revenue
- $62.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Cresskill, NJ
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 27-0279346
Organization Overview
Bains Foundation Inc is located in Cresskill, NJ. 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. Bains 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manjit Bains Trustee | 5 | $0 | |
Darshan Bains Trustee | 5 | $0 | |
Kalpana Bains Trustee | 0 | $0 | |
Sarina Bains Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,500 |
| Interest on Savings | $7 |
| Dividends & Interest | $5,411 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,774 |
| Capital Gain Net Income | $12 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,357 |
| Contributions, gifts, grants paid | $28,500 |
| Total expenses and disbursements | $32,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,570 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $192,175 |
| Total assets | $490,745 |
| 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, Bains Foundation Inc has awarded $28,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Beverly, MA PURPOSE: DONATION | $15,000 |
Oakland, NJ PURPOSE: DONATION | $7,500 |
CHILDRENS HOPE INDIA PURPOSE: EDUCATION SHELTER FOR CHILDREN | $2,500 |
ECEF PURPOSE: ESOPHAGEAL CANCER RESEARCH | $2,500 |
AIIM SONIANS OF AMERICA PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |