Khandwala Family Foundation
- Assets
- $598.4k
- Revenue
- $115.1k
- Investments
- $513.9k
- Employees
- 0
- Location
- West Bloomfield, MI
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1595744
Organization Overview
Khandwala Family Foundation is located in West Bloomfield, MI. 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. Khandwala Family 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, Khandwala Family Foundation generated $115.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $38.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Khandwala Family Foundation has awarded 31 individual grants totaling $114,555. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,047 |
| Interest on Savings | $2 |
| Dividends & Interest | $15,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $115,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,174 |
| Contributions, gifts, grants paid | $30,108 |
| Total expenses and disbursements | $38,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,496 |
| 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 | $513,920 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $598,416 |
| 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, Khandwala Family Foundation has awarded $30,108 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
COREWELL HEALTH FOUNDATION PURPOSE: DONATION MADE TO PELVIC HEALTH AWARENESS | $10,000 |
MAI FAMILY SERVICES PURPOSE: DONATION MADE TO THE AWARENESS OF MENTAL HEALTH PROBLEMS, DOMESTIC VIOLENCE AND OTHER ISSUES THROUGH COMMUNITY EDUCATION AND OUTREACH. | $2,000 |
MAPI CHARITABLE CLINIC PURPOSE: DONATION | $4,000 |
SRI VENKATESWARA TEMPLE & CULTURAL CENTER PURPOSE: DONATION MADE TO TEMPLE WHOSE MISSION IS TO PROVIDEA FACILITY TO UNDERSTAND AND PROMOTE SPIRITUAL GROWTH BASED ON HINDU SCRIPTURES. | $5,000 |
SRI BHAKTHA HANUMAN TEMPLE PURPOSE: DONATION | $108 |
ST JUDES CHILDRENS RESEARCH PURPOSE: DONATION | $2,000 |