5rivers Foundation
- Assets
- $2.1m
- Revenue
- $94.7k
- Investments
- $1.9m
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-3723090
Organization Overview
5rivers Foundation is located in Scottsdale, AZ. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. 5rivers 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 12/2021, 5rivers Foundation generated $94.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $326.8k during the year ending 12/2021. While expenses have increased by 17.6% 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, 5rivers Foundation has awarded 251 individual grants totaling $1,153,812. 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 |
|---|---|---|---|
Jasleen Khanuja VP | 1 | $0 | |
Neel-Preet Khanuja VP | 1 | $0 | |
Parvinderjit Khanuja Dir, VP | 1 | $0 | |
Parveen Khanuja Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000 |
| Interest on Savings | $790 |
| Dividends & Interest | $80,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,003 |
| Capital Gain Net Income | $21,273 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $800 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,937 |
| Total operating and administrative expenses | $38,737 |
| Contributions, gifts, grants paid | $288,090 |
| Total expenses and disbursements | $326,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $275,943 |
| 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 | $2,139,265 |
| 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, 5rivers Foundation has awarded $288,090 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
DASVANDH NETWORK PURPOSE: GENERAL & UNRESTRICTED | $80,000 |
Arlington, VA PURPOSE: COVID PUNJAB | $70,000 |
Hackettstown, NJ PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
M SINGH RAI PURPOSE: SCHOLARSHIP GRANT | $10,000 |
Phoenix, AZ PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
Los Angeles, CA PURPOSE: EDUCATION FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charter Fund Inc Broomfield, CO | $606,047,129 | $251,921,544 |
Anschutz Foundation Denver, CO | $0 | $131,519,142 |
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Community Finance Corporation Tucson, AZ | $0 | $59,653,037 |
The Ray And Tye Noorda Foundation Lindon, UT | $188,322,162 | $42,549,813 |
Colorado Trust Denver, CO | $0 | $33,250,092 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |