Bhagwani Thawani Foundation
- Assets
- $23.4k
- Revenue
- $240.0
- Investments
- $17.5k
- Employees
- 0
- Location
- Grand Blanc, MI
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 32-0057659
Organization Overview
Bhagwani Thawani Foundation is located in Grand Blanc, MI. The organization was established in 2003. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Bhagwani Thawani 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 12/2021, Bhagwani Thawani Foundation generated $240.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $6.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hemant Thawani Pres./treas. | 1 | $0 | |
Usha Thawani Director | 1 | $0 | |
Neha Thawani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $240 |
| 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 | $0 |
| Total Revenue | $240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $915 |
| Contributions, gifts, grants paid | $5,508 |
| Total expenses and disbursements | $6,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $5,964 |
| 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 | $0 |
| Total assets | $23,445 |
| 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, Bhagwani Thawani Foundation has awarded $5,508 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Flint, MI PURPOSE: GENERAL | $2,001 |
KASI TEMPLE PURPOSE: GENERAL | $1,403 |
CHINMAYA MISSION FLINT PURPOSE: GENERAL | $1,103 |
Grand Blanc, MI PURPOSE: GENERAL | $1,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Asias Hope Columbus, OH | $3,429,786 | $3,149,980 |
The Michigan Womens Foundation Detroit, MI | $9,039,514 | $2,557,642 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Ohio Living Foundation Westerville, OH | $93,570,662 | $6,381,940 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Sealkids Inc Dublin, OH | $263,356 | $1,692,009 |
Kalamazoo County Ready 4s Kalamazoo, MI | $2,733,635 | $1,299,899 |
The World Orphan Fund Inc Randolph, WI | $777,063 | $1,129,281 |
Sunshine Place Inc Sun Prairie, WI | $2,711,848 | $1,376,571 |
Eagles For Children Incorporated Novi, MI | $20,849 | $982,056 |
Frg Family Fund Inc Independence, OH | $63,603 | $949,940 |