Shraman South Asian Museum And Learning Center Foundation
- Assets
- $567.7m
- Revenue
- $3.4m
- Investments
- $95.8m
- Employees
- 0
- Location
- Plano, TX
- Founding
- 11/2012
- Data as of
- 12/2023
- EIN
- 46-0715559
Organization Overview
Shraman South Asian Museum And Learning Center Foundation is located in Plano, TX. The organization was established in 2012. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Shraman South Asian Museum And Learning Center 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 12/2023, Shraman South Asian Museum And Learning Center Foundation generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $968.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Shraman South Asian Museum And Learning Center Foundation has awarded 31 individual grants totaling $105,646. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ESTABLISHING A MUSEUM AND LEARNING CENTER IN DALLAS, WHICH WILL PRESERVE AND INTERPRET THE CULTURAL HERITAGE OF SOUTH ASIA, INCLUDING JAIN RELIGION AND ART.
SHRAMAN LIFE SCIENCE FOUNDATION PLANS TO DEVELOP DRUGS FOR CANCER, GENETIC DISORDERS, INFECTIOUS DISEASES, & AUTOIMMUNE DISEASES, ALL OF WHICH ARE SIGNIFICANTLY UNDER APPRECIATED
AND UNDER TREATED IN THE DEVELOPING WORLD. THIS WILL INCLUDE POTENTIAL DISCOVERY & IN-LICENSING, AS WELL AS DEVELOPING, RESEARCHING, MANUFACTURING, AND DISTRIBUTING SUCH MEDICATION
TO PATIENTS IN NEED. THE FOUNDATION MAY ALSO PARTNER WITH OTHER BIO-PHARMA COMPANIES TO HELP CO-DEVELOP NOVEL MEDICATIONS FOR SUCH USES. SEE ATTACHMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vinay K Jain President/director | 5 | $0 | |
Kanika V Jain Vice Pres/secretary/director | 5 | $0 | |
Greg Fisher Treasurer | 5 | $0 | |
Nikhil Jain Director | 1 | $0 | |
Trishla Jain Director | 1 | $0 | |
Meghna Jain Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,575,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$190,343 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,385,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,063 |
| Depreciation | $182,090 |
| Occupancy | $208,533 |
| Travel, conferences, and meetings | $620 |
| Printing and publications | $0 |
| Other expenses | $65,081 |
| Total operating and administrative expenses | $477,787 |
| Contributions, gifts, grants paid | $490,923 |
| Total expenses and disbursements | $968,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,422 |
| Savings and temporary cash investments | $625,249 |
| 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 | $775,275 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $6,555,242 |
| Other assets | $463,739,558 |
| Total assets | $567,696,999 |
| Accounts payable and accrued expenses | $13,437 |
| 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 | $13,437 |
Grants Awarded
Over the last fiscal year, Shraman South Asian Museum And Learning Center Foundation has awarded $6,960 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KLEBERG ELEMENTARY SCHOOL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT. | $2,467 |
SEAGOVILLE NORTH ELEMENTARY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT. | $2,298 |
EDWARD TITCHE ELEMENTARY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE RECIPIENT. | $2,195 |