Vishal Foundation Inc
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $3.1m
- Employees
- 0
- Location
- New Vernon, NJ
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-2175798
Organization Overview
Vishal Foundation Inc is located in New Vernon, NJ. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Vishal Foundation 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 12/2021, Vishal Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $210.1k during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 6 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, Vishal Foundation Inc has awarded 85 individual grants totaling $825,005. 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 |
|---|---|---|---|
Prathibha Reddy Trustee | 20 | $0 | |
Naveen Reddy Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $53,758 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,025,279 |
| Capital Gain Net Income | $1,025,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,079,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,167 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,227 |
| Total operating and administrative expenses | $10,488 |
| Contributions, gifts, grants paid | $199,591 |
| Total expenses and disbursements | $210,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,564 |
| 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 | $3,135,254 |
| 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, Vishal Foundation Inc has awarded $199,591 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
BROWN UNIVERSITY PURPOSE: GENERAL SUPPORT | $75,000 |
Parsippany, NJ PURPOSE: GENERAL PURPOSE | $50,000 |
GIVEWELL PURPOSE: GENERAL SUPPORT | $20,000 |
NJ COMMUNITY FOOD BANK PURPOSE: GENERAL SUPPORT | $12,091 |
NAACP LEGAL DEFENSE FUND (LDF) PURPOSE: GENERAL PURPOSE | $10,000 |
San Diego, CA PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kendeda Fund Wilmington, DE | $107,220,402 | $29,360,526 |
General Professional Liability Lass Fund Trust Agreement Pittsburgh, PA | $165,577,722 | $37,293,555 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |