Rev Narayan S Bhore Memorial Association Inc
- Assets
- $1.9m
- Revenue
- -$228.0k
- Investments
- $1.9m
- Employees
- 0
- Location
- Racine, WI
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 39-1348800
Organization Overview
Rev Narayan S Bhore Memorial Association Inc is located in Racine, WI. The organization was established in 0000. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rev Narayan S Bhore Memorial Association Inc 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, Rev Narayan S Bhore Memorial Association Inc generated -$228.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 66.6% each year . All expenses for the organization totaled $120.3k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 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.
Since 2015, Rev Narayan S Bhore Memorial Association Inc has awarded 47 individual grants totaling $752,500. 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 |
|---|---|---|---|
Sister Lois Aceto Director | 1 | $1,000 | |
Shiva Maharaj Pres/treasurer | 1 | $1,000 | |
Glen Van Fossen Director | 1 | $1,000 | |
Patrick Fogarty Secretary | 1 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,363 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$273,384 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$228,021 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,044 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $28,310 |
| Contributions, gifts, grants paid | $92,000 |
| Total expenses and disbursements | $120,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,108 |
| 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 | $15,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,897,240 |
| 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, Rev Narayan S Bhore Memorial Association Inc has awarded $92,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
KATHY'S HOUSE PURPOSE: GENERAL SUPPORT | $15,000 |
CATHERINE MARIAN HOUSING PURPOSE: GENERAL SUPPORT | $15,000 |
HOPES CENTER OF RACINE INC PURPOSE: GENERAL SUPPORT | $15,000 |
THE HOSPITALITY CENTER PURPOSE: GENERAL SUPPORT | $15,000 |
WOMEN'S FUND OF GREATER MILWAUKEE PURPOSE: GENERAL SUPPORT | $10,000 |
WOMEN'S RESOURCE CENTER PURPOSE: GENERAL SUPPORT | $10,000 |