Nihar Foundation
- Assets
- $786.4k
- Revenue
- $17.9k
- Investments
- $63.2k
- Employees
- 0
- Location
- San Jose, CA
- Founding
- Data as of
- 12/2021
- EIN
- 46-3692644
Organization Overview
Nihar Foundation is located in San Jose, CA. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Nihar 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, Nihar Foundation generated $17.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (38.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE DILIGENCE OF EDUCATIONAL, MEDICAL AND AFFORDABLE HOUSING PROGRAMS AND CONTRIBUTING TO AFFORDABLE HOUSING PROGRAM, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND INVESTMENTS.
CHARITABLE CONTRIBUTION TO DOCTORS WITHOUT BORDERS TOWARDS A RANGE OF ACTIVITIES INCLUDING FIGHTING MALARIA IN CENTRAL AFRICAN REPUBLIC, FLOODING IN SOUTH SUDAN, AND FIGHTING COVID-19 IN BRAZIL
CHARITABLE CONTRIBUTION EASTERSEALS COLORADO TOWARDS ENHANCING LIVES OF PEOPLE WITH DISABILITIES
DUE DILIGENCE OF EDUCATIONAL, MEDICAL AND AFFORDABLE HOUSING PROGRAMS AND CONTRIBUTING TO AFFORDABLE HOUSING PROGRAM, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND INVESTMENTS.
CHARITABLE CONTRIBUTION TO DOCTORS WITHOUT BORDERS TOWARDS A RANGE OF ACTIVITIES INCLUDING FIGHTING MALARIA IN CENTRAL AFRICAN REPUBLIC, FLOODING IN SOUTH SUDAN, AND FIGHTING COVID-19 IN BRAZIL
CHARITABLE CONTRIBUTION EASTERSEALS COLORADO TOWARDS ENHANCING LIVES OF PEOPLE WITH DISABILITIES
DUE DILIGENCE OF EDUCATIONAL, MEDICAL AND AFFORDABLE HOUSING PROGRAMS AND CONTRIBUTING TO AFFORDABLE HOUSING PROGRAM, INCLUDING RELATED ADMINISTRATIVE EXPENSES AND INVESTMENTS.
CHARITABLE CONTRIBUTION TO DOCTORS WITHOUT BORDERS TOWARDS A RANGE OF ACTIVITIES INCLUDING FIGHTING MALARIA IN CENTRAL AFRICAN REPUBLIC, FLOODING IN SOUTH SUDAN, AND FIGHTING COVID-19 IN BRAZIL
CHARITABLE CONTRIBUTION EASTERSEALS COLORADO TOWARDS ENHANCING LIVES OF PEOPLE WITH DISABILITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Siva Selvaraj President | 2 | $0 | |
Anand Pandurangan Secy/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,115 |
| Dividends & Interest | $1,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,764 |
| Capital Gain Net Income | $6,764 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $582 |
| Total Revenue | $17,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,482 |
| Total operating and administrative expenses | $2,415 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $598,168 |
| 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 | $125,002 |
| Total assets | $786,386 |
| 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, Nihar Foundation has awarded $75,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
MSF PURPOSE: QUALIFIED CHARITABLE DONATIONS | $24,000 |
MSF PURPOSE: QUALIFIED CHARITABLE DONATIONS | $24,000 |
MSF PURPOSE: QUALIFIED CHARITABLE DONATIONS | $24,000 |
EASTER SEALS CO PURPOSE: QUALIFIED CHARITABLE DONATIONS | $1,000 |
EASTER SEALS CO PURPOSE: QUALIFIED CHARITABLE DONATIONS | $1,000 |
EASTER SEALS CO PURPOSE: QUALIFIED CHARITABLE DONATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oprah Winfrey Leadership Academy Foundation Los Angeles, CA | $17,969,443 | $12,010,898 |
Wadhwani Operating Foundation Los Altos, CA | $0 | $65,339,394 |
Henry T Nicholas Education Foundation Inc Santa Ana, CA | $712,720 | $5,509,546 |
Chinese Character A Day Foundation Huntington Beach, CA | $0 | $31,765 |
Janie And Donald Friend Foundation San Francisco, CA | $0 | $1,186,592 |
Tomkat Ranch Educational Foundation Pescadero, CA | $1,784,473 | $4,660,042 |
Pacific Research Institute For Public Policy Pasadena, CA | $22,104,229 | $7,799,578 |
Ionetix Ppe Foundation San Francisco, CA | $0 | $4,350,988 |
Na Aina Kai Botanical Gardens Kilauea, HI | $76,195,065 | $4,390,722 |
Easton Sports Development Foundation Van Nuys, CA | $11,576,483 | $3,446,410 |
Lone Rock Foundation Santa Cruz, CA | $94,429,828 | $8,565,645 |
Maurice And Paul Marciano Art Foundation Beverly Hills, CA | $51,457,379 | $441,554 |