The Jadgish And Usha Patil Foundation
- Assets
- $387.2k
- Revenue
- $35.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Corbin, KY
- Founding
- 04/1998
- Data as of
- 04/2024
- EIN
- 31-1549262
Organization Overview
The Jadgish And Usha Patil Foundation is located in Corbin, KY. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jadgish And Usha Patil 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 04/2024, Jadgish And Usha Patil Foundation generated $35.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $55.9k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jadgish And Usha Patil Foundation has awarded 130 individual grants totaling $173,046. 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 Patil MD President | 0 | $0 | |
Usha Patil MD Vice Pres/sec/treas | 0 | $0 | |
Neil Patil Director | 0 | $0 | |
Yash Patil Director | 0 | $0 | |
Raja Patil Director | 0 | $0 | |
Krishna Patil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,922 |
| Interest on Savings | $20 |
| Dividends & Interest | $13,535 |
| 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 | $9,950 |
| Total Revenue | $35,427 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,322 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,607 |
| Contributions, gifts, grants paid | $50,277 |
| Total expenses and disbursements | $55,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,967 |
| Savings and temporary cash investments | $373,192 |
| 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 | $0 |
| Total assets | $387,159 |
| 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, The Jadgish And Usha Patil Foundation has awarded $50,277 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
GOSUMEC FOUNDATION USA PURPOSE: FOUNDATION SUPPORT | $5,000 |
CORBIN COMMUNITY BACKPACK PROGRAM PURPOSE: FOUNDATION SUPPORT | $1,050 |
BAPTIST HEALTH FOUNDATION PURPOSE: FOUNDATION SUPPORT | $20,000 |
CORNERSTONE PTI PURPOSE: FOUNDATION SUPPORT | $1,100 |
BHARATIYA TEMPLE AND CULTURAL CENTER PURPOSE: FOUNDATION SUPPORT | $1,001 |
GSMC FOUNDATION PURPOSE: FOUNDATION SUPPORTFOUNDATION SUPPORT | $150 |