Ramesh K And Hem P Mohindra Foundation
- Assets
- $2.2m
- Revenue
- $66.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 12/1984
- Data as of
- 08/2023
- EIN
- 38-2554784
Organization Overview
Ramesh K And Hem P Mohindra Foundation is located in Bloomfield Hills, MI. The organization was established in 1984. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ramesh K And Hem P Mohindra 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 08/2023, Ramesh K And Hem P Mohindra Foundation generated $66.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.4% each year . All expenses for the organization totaled $25.1k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ramesh K And Hem P Mohindra Foundation has awarded 72 individual grants totaling $139,195. 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 |
|---|---|---|---|
Ramesh K Mohindra President | 0 | $0 | |
Hem P Mohindra Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39 |
| Dividends & Interest | $45,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,291 |
| Capital Gain Net Income | $21,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $66,809 |
| 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 | $20,214 |
| Total operating and administrative expenses | $21,714 |
| Contributions, gifts, grants paid | $3,350 |
| Total expenses and disbursements | $25,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,274 |
| Savings and temporary cash investments | $7,822 |
| 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 | $2,192,468 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,700 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,700 |
Grants Awarded
Over the last fiscal year, Ramesh K And Hem P Mohindra Foundation has awarded $3,350 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AIM FOR SEVA PURPOSE: FOR GENERAL PURPOSES | $1,000 |
PENRICKSON CENTER FOR BLIND CHILDREN PURPOSE: FOR GENERAL PURPOSES | $350 |
MICHIGAN HUMANE SOCIETY PURPOSE: FOR GENERAL PURPOSES | $100 |
PACE PROGRAM OF SE MICHIGAN PURPOSE: FOR GENERAL PURPOSES | $500 |
MAI FAMILY SERVICES PURPOSE: FOR GENERAL PURPOSES | $200 |
VEDANTA SOCIETY OF MICHIGAN PURPOSE: FOR GENERAL PURPOSES | $1,000 |