Kohli Fam Foundation
- Assets
- $180.3k
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Girard, OH
- Founding
- 04/2011
- Data as of
- 12/2019
- EIN
- 38-6869760
Organization Overview
Kohli Fam Foundation is located in Girard, OH. The organization was established in 2011. 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. Kohli Fam 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 12/2019, Kohli Fam Foundation generated $1.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $8.6k during the year ending 12/2019. While expenses have increased by 6.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PERMANENTLY SET ASIDE FUNDS AND RECEIVE INCOME FOR SUBSEQUENT REDISTRIBUTION FOR CHARITABLE PURPOSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chander M Kohli Trustee | 0 | $0 | |
Karen L Kohli Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,748 |
| Dividends & Interest | $0 |
| 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 | $1,748 |
| 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 | $100 |
| Total operating and administrative expenses | $910 |
| Contributions, gifts, grants paid | $7,706 |
| Total expenses and disbursements | $8,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,328 |
| Savings and temporary cash investments | $0 |
| 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 | $180,328 |
| 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, Kohli Fam Foundation has awarded $7,706 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
VEDIC HERITAGE FOUNDATION PURPOSE: DONATIONS FOR TEMPLE OPERATIONS | $3,751 |
AMERICAN CANCER SOCIETY PURPOSE: CANCER RESEARCH | $1,000 |
Canfield, OH PURPOSE: SUPPORT MEDICAL SOCIETY | $1,000 |
HANDS TOGETHER PURPOSE: SUPPORTS HAITI POOR | $500 |
Rootstown, OH PURPOSE: EDUCATION SUPPORT | $250 |
RESCUE MISSION OF MAHONING VALLEY PURPOSE: ASSISTANCE TO NEEDY FAMILIES | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Herrick Foundation Detroit, MI | $135,749,323 | $10,836,296 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
The Samuel And Jean Frankel Fine Arts Foundation Bloomfield Hills, MI | $136,493,173 | $6,844,673 |
Bill & Julia Van Domelen Foundation Kalamazoo, MI | $132,053,109 | $12,849,321 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Manoogian Simone Foundation Dearborn, MI | $47,087,292 | $4,923,874 |
Consumers Energy Foundation Jackson, MI | $77,869,075 | $10,169,744 |