Tarsadia Foundation
- Assets
- $216.1m
- Revenue
- -$550.2k
- Investments
- $189.3m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 03/2000
- Data as of
- 12/2022
- EIN
- 33-0879062
Organization Overview
Tarsadia Foundation is located in Newport Beach, CA. The organization was established in 2000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Tarsadia Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Tarsadia Foundation has awarded 755 individual grants totaling $77,007,940. 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 |
|---|---|---|---|
Bu Patel Director | 12 | $0 | |
Tushar Patel Director | 2 | $0 | |
Shirish Dayal Treasurer, Secretary & Executive VP | 32 | $224,238 | |
Maya Patel Executive Chair & CEO | 30 | $290,385 | |
Mayur Patel Director | 2 | $0 | |
Katelyn M Faith Vp, Impact & Marketi | 40 | $180,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000 |
| Interest on Savings | $518,402 |
| Dividends & Interest | $1,563,629 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,734,870 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,092,639 |
| Total Revenue | -$550,200 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $514,623 |
| Other employee salaries and wages | $340,630 |
| Pension plans, employee benefits | $75,012 |
| Interest | $0 |
| Taxes | $211,094 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $136,554 |
| Printing and publications | $0 |
| Other expenses | $312,403 |
| Total operating and administrative expenses | $1,934,826 |
| Contributions, gifts, grants paid | $18,523,150 |
| Total expenses and disbursements | $20,457,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,155 |
| Savings and temporary cash investments | $25,201,890 |
| 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 | $550,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $108,051,857 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $712,116 |
| Total assets | $216,147,419 |
| Accounts payable and accrued expenses | $68,575 |
| Grants payable | $12,878,000 |
| 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 | $12,946,575 |
Grants Awarded
Over the last fiscal year, Tarsadia Foundation has awarded $14,645,150 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCE OC PURPOSE: PROGRAM SUPPORT | $50,000 |
AKSHAYA PATRA FOUNDATION USA PURPOSE: PROGRAM SUPPORT | $125,000 |
AMERICAN INDIA FOUNDATION PURPOSE: PROGRAM SUPPORT | $175,000 |
AMERICAN RED CROSS PURPOSE: PROGRAM SUPPORT | $2,000 |
BABSON COLLEGE PURPOSE: PROGRAM SUPPORT | $45,252 |
ASIAN AMERICAN FUTURES PURPOSE: PROGRAM SUPPORT | $100,000 |