Naresh C Jain Foundation
- Assets
- $1.0m
- Revenue
- $129.5k
- Investments
- $1.0m
- Employees
- 0
- Location
- Centerville, VA
- Founding
- 01/1997
- Data as of
- 12/2021
- EIN
- 33-0687485
Organization Overview
Naresh C Jain Foundation is located in Centerville, VA. The organization was established in 1997. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Naresh C Jain 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, Naresh C Jain Foundation generated $129.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $63.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Naresh C Jain Foundation has awarded 70 individual grants totaling $508,108. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naresh C Jain President & CEO | 1 | $0 | |
Gerda J Jain CFO | 0.25 | $0 | |
Roli Points Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,001 |
| Interest on Savings | $0 |
| Dividends & Interest | $116,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,740 |
| Capital Gain Net Income | $11,941 |
| Net ST Capital Gain | $10,423 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $129,495 |
| 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 | $20 |
| Total operating and administrative expenses | $4,780 |
| Contributions, gifts, grants paid | $58,488 |
| Total expenses and disbursements | $63,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,967 |
| 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 | $69,393 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,017,486 |
| 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, Naresh C Jain Foundation has awarded $58,488 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BHAGWAN MAHAVIR SEWA KENDRA PURPOSE: HUNGER RELIEF | $50,000 |
ST JUDE CHILDREN'S RESEARCH PURPOSE: MEDICAL RESEARCH | $5,002 |
Phoenix, AZ PURPOSE: HUMANITARIAN | $452 |
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $452 |
MISSIONARIES OF CHARITY PURPOSE: HUMANITARIAN | $452 |
HABITAT FOR HUMANITY PURPOSE: HOUSING | $452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
National Council Of Nonprofits Washington, DC | $6,534,362 | $5,933,056 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Association Of State Service Commissions Washington, DC | $2,273,259 | $2,551,469 |
Meagel Charitable Tr Parkersburg, WV | $19,887,737 | $1,831,117 |