Parekh Vora Charitable Foundation
- Assets
- $118.4k
- Revenue
- $5.5k
- Investments
- $97.7k
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 03/1988
- Data as of
- 12/2022
- EIN
- 38-2779568
Organization Overview
Parekh Vora Charitable Foundation is located in West Bloomfield, MI. The organization was established in 1988. 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. Parekh Vora Charitable 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 12/2022, Parekh Vora Charitable Foundation generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Parekh Vora Charitable Foundation has awarded 444 individual grants totaling $1,640,306. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE DONATIONS THIS IS THE ONLY ACTIVITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamlesh K Parekh Director | 0.5 | $0 | |
Deepika K Parekh Director | 0.25 | $0 | |
Anand Parekh Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $2,012 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,337 |
| Capital Gain Net Income | $3,337 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $388 |
| Total operating and administrative expenses | $2,808 |
| Contributions, gifts, grants paid | $3,020 |
| Total expenses and disbursements | $5,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,166 |
| Savings and temporary cash investments | $13,494 |
| 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 | $118,389 |
| 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, Parekh Vora Charitable Foundation has awarded $3,020 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BALAJI TEMPLE PURPOSE: RELIGIOUS | $51 |
BOYS TOWN PURPOSE: CHARITABLE | $15 |
BRAHMA KKUMARIS REFLECTION POINT PURPOSE: RELIGIOUS | $101 |
HINDU TEMPLE PURPOSE: RELIGIOUS | $110 |
GUJARATI SAMAJ OF DETROIT PURPOSE: RELIGIOUS | $2,002 |
MAI FAMILY SERVICES PURPOSE: MEDICAL | $120 |