Jibaben Patel Foundation
- Assets
- $4.8m
- Revenue
- $733.9k
- Investments
- $4.8m
- Employees
- 0
- Location
- Huntington Beach, CA
- Founding
- 12/2010
- Data as of
- 12/2020
- EIN
- 27-4346242
Organization Overview
Jibaben Patel Foundation is located in Huntington Beach, CA. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Jibaben Patel Foundation 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 12/2020, Jibaben Patel Foundation generated $733.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $315.1k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jibaben Patel Foundation has awarded 20 individual grants totaling $1,539,142. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jagdish Patel President | 1 | $0 | |
Harsha Patel Director | 1 | $0 | |
Tapti Patel Director | 1 | $0 | |
Masumi Patel Director | 1 | $0 | |
Anish Patel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,000 |
| Interest on Savings | $301 |
| Dividends & Interest | $54,778 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $592,780 |
| Capital Gain Net Income | $592,780 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $733,859 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $358 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,496 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,092 |
| Contributions, gifts, grants paid | $305,000 |
| Total expenses and disbursements | $315,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,097 |
| 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 | $4,750,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,757,474 |
| 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, Jibaben Patel Foundation has awarded $509,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Palo Alto, CA PURPOSE: GENERAL OPERATIONS SUPPORT | $250,000 |
Palo Alto, CA PURPOSE: GENERAL OPERATIONS SUPPORT | $250,000 |
GUJARATIS OF NORTH AMERICA PURPOSE: GENERAL OPERATIONS SUPPORT | $4,500 |
GUJARATIS OF NORTH AMERICA PURPOSE: GENERAL OPERATIONS SUPPORT | $4,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Fund Beaverton, OR | $118,722,969 | $115,823,271 |
The Albertsons Companies Foundation Pleasanton, CA | $69,606,007 | $81,616,776 |
Second Harvest Of The Greater Valley Manteca, CA | $10,454,227 | $51,004,614 |
Community Initiatives Oakland, CA | $48,904,163 | $57,867,676 |
Tipping Point Community San Francisco, CA | $69,097,467 | $55,633,961 |
Dagmar Dolby Fund Novato, CA | $39,191,926 | $8,168,589 |
California Health Foundation And Trust Sacramento, CA | $115,138,512 | $36,749,563 |
Tides Network San Francisco, CA | $10,557,656 | $32,745,578 |
Focusing Philanthropy Inc Santa Monica, CA | $5,232,649 | $21,857,695 |
St Baldricks Foundation Inc Monrovia, CA | $22,964,481 | $22,578,479 |
Skid Row Housing Trust Los Angeles, CA | $203,059,004 | $18,739,094 |
Groundswell Fund San Francisco, CA | $42,239,063 | $24,343,616 |