Romita Shetty And Nasser Ahmad Foundation Inc
- Assets
- $8.3m
- Revenue
- $1.1m
- Investments
- $3.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2010
- Data as of
- 12/2021
- EIN
- 27-1428517
Organization Overview
Romita Shetty And Nasser Ahmad Foundation Inc is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Romita Shetty And Nasser Ahmad 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, Romita Shetty And Nasser Ahmad Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $401.5k during the year ending 12/2021. While expenses have increased by 8.9% 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.
Since 2020, Romita Shetty And Nasser Ahmad Foundation Inc has awarded 45 individual grants totaling $640,653. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $22,823 |
| Dividends & Interest | $109,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $419,321 |
| Total Revenue | $1,051,612 |
| 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 | $55,903 |
| Total operating and administrative expenses | $60,153 |
| Contributions, gifts, grants paid | $341,300 |
| Total expenses and disbursements | $401,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,325,964 |
| 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 | $2,069,567 |
| Total assets | $8,269,707 |
| 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, Romita Shetty And Nasser Ahmad Foundation Inc has awarded $341,300 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
MIT PURPOSE: EDUCATIONAL | $100,100 |
COLUMBIA UNIVERSITY PURPOSE: EDUCATIONAL | $37,500 |
IMRAN KHAN CANCER APPEAL PURPOSE: CHARITABLE | $25,000 |
New York, NY PURPOSE: EDUCATIONAL | $25,000 |
AULIYA COUNCIL PURPOSE: CHARITABLE | $15,000 |
SAKHI FOR SOUTH ASIAN WOMEN PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodbank Of Monmouth And Ocean Counties Inc Neptune, NJ | $23,534,641 | $40,812,179 |
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
Friends Home At Woodstown Inc Woodstown, NJ | $21,975,067 | $12,213,479 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Senior Community Services Inc Lakewood, NJ | $636,384 | $10,329,992 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Janet H And C Harry Knowles Foundation Inc Moorestown, NJ | $83,707,741 | $6,312,977 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |