Varun And Ameeta Gosain Foundation
- Assets
- $2.6m
- Revenue
- $42.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- 08/2013
- Data as of
- 12/2022
- EIN
- 46-1429291
Organization Overview
Varun And Ameeta Gosain Foundation is located in Scarsdale, NY. The organization was established in 2013. 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. Varun And Ameeta Gosain 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 12/2022, Varun And Ameeta Gosain Foundation generated $42.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $11.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Varun And Ameeta Gosain Foundation has awarded 26 individual grants totaling $850,536. 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 |
|---|---|---|---|
Varun Gosain President | 0.5 | $0 | |
Ameeta Gosain Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $42,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $287 |
| Capital Gain Net Income | $287 |
| Net ST Capital Gain | $287 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,512 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $11,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,012 |
| 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 | $2,571,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,573,483 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $189,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,000 |
Grants Awarded
Over the last fiscal year, Varun And Ameeta Gosain Foundation has awarded $91,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK UNIVERSITY PURPOSE: SCHOLARSHIPS FOR NYU STERN STUDENTS | $5,000 |
IIM AHMEDABAD ALUMNI ASSOCIATION PURPOSE: TO SUPPORT FACULTY AND STUDENTS OF IIMA | $8,500 |
COLUMBIA UNIVERSITY PURPOSE: SUPPORT OF THE COLUMBIA COMMON CORE AND SCIENCE HONORS PROGRAM | $5,000 |
SCHWAB CHARITABLE FUND PURPOSE: SUPPORT WORTHWHILE ORGANIZATIONS THROUGH THE FUND | $73,000 |