Shah Family Foundation Inc
- Assets
- $3.0m
- Revenue
- $144.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 12/2016
- Data as of
- 06/2023
- EIN
- 47-1512752
Organization Overview
Shah Family Foundation Inc is located in Cocoa, FL. The organization was established in 2016. 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. Shah Family Foundation Inc 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 06/2023, Shah Family Foundation Inc generated $144.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $130.1k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Shah Family Foundation Inc has awarded 34 individual grants totaling $1,752,703. 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 |
|---|---|---|---|
Maheshchandra Shah President And Treasurer | 1 | $0 | |
Rashmi Shah Secretary | 1 | $0 | |
Summit Shah Vice President | 1 | $0 | |
Monica Shah Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $143,999 |
| Dividends & Interest | $0 |
| 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 | $143,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,651 |
| Contributions, gifts, grants paid | $128,450 |
| Total expenses and disbursements | $130,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,084,471 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,000 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $895,366 |
| 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 | $2,980,837 |
| Accounts payable and accrued expenses | $2,100 |
| 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 | $2,100 |
Grants Awarded
Over the last fiscal year, Shah Family Foundation Inc has awarded $128,450 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY TRINITY EPISCOPAL ACADEMY PURPOSE: TO SUPPORT THE MISSION OF HOLY TRINITY EPISCOPAL ACADEMY | $100,000 |
THE CHILDREN'S HOME SOCIETY OF FLORIDA PURPOSE: TO SUPPORT THE MISSION OF THE CHILDREN'S HOME SOCIETY OF FLORIDA | $1,000 |
COCOA POLICE FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF COCOA POLICE FOUNDATION | $10,000 |
MANAV MANDIR INC PURPOSE: TO SUPPORT THE MISSION OF MANAV MANDIR INC | $2,100 |
EASTERN FLORIDA STATE COLLEGE FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF EASTERN FLORIDA STATE COLLEGE FOUNDATION | $5,000 |
FLORIDA SURF MUSEUM INC PURPOSE: TO SUPPORT THE MISSION OF FLORIDA SURF MUSEUM INC | $500 |