Jd Sheth Foundation Inc
- Assets
- $196.1k
- Revenue
- $431.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-4129062
Organization Overview
Jd Sheth Foundation Inc is located in Evansville, IN. The organization was established in 2015. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jd Sheth 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 12/2022, Jd Sheth Foundation Inc generated $431.3k in total revenue. All expenses for the organization totaled $313.3k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE JD SHETH FOUNDATION IS A PROJECT TO PROJECT BASED ORGANIZATION FOCUSING ON THE EDUCATION, HEALTH, AND WELL BEING OF OTHERS, SPECIFICALLY CHILDREN AND THE ELDERLY, HERE IN THE UNITED STATES AND ACROSS THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JD SHETH FOUNDATION'S HOME OF THE BRAVE PROJECT:JD SHETH FOUNDATION CONTINUED OUR SUSTAINABLE WORK IN 2022 THROUGH OUR HOME OF THE BRAVE INITIATIVE WHICH, IN A COLLABORATIVE MANNER, WE STARTED CONSTRUCTION ON THREE NEW HOMES TO PROVIDE HOMEOWNERSHIP OPPORTUNITIES FOR HONORABLY DISCHARGED VETERANS, WITH A PRIORITY GOING TO DISABLED FEMALE VETERANS. THIS PROJECT STARTED IN SEPTEMBER OF 2022 AND AT THE END OF THAT YEAR, THESE HOMES WERE ABOUT 50% COMPLETED WITH TOTAL COMPLETION IN FEBRUARY 2023.
OTHER MISCELLANEOUS GRANTS GIVEN
AFRICAN PEOPLE'S EDUCATION AND DEFENSE FUND (APEDF):IN THE SPRING OF 2022, THE JD SHETH FOUNDATION PARTNERED WITH THE APEDF TO FUND THE PURCHASE OF APPLIANCES AND AIR CONDITIONING UNITS FOR THEIR FOUR-PLEX HOUSING UNIT IN ST. LOUIS, MO. THE HOUSING UNIT IS PART OF APEDF'S AFRICAN INDEPENDENCE WORKFORCE PROGRAM WHICH ADDRESSES RECIDIVISM OF FORMERLY INCARCERATED BLACK MEN AND WOMEN BY PROVIDING CULTURE-BASED WRAPAROUND SERVICES TO ADDRESS BASIC NEEDS THAT ARE CRITICAL TO THE SUCCESS OF INDIVIDUALS REJOINING THE COMMUNITY. AS OF MAY 2022, ALL THE KITCHEN APPLIANCES HAD BEEN INSTALLED AND THE WASHER/DRYER SET HAD BEEN PURCHASED. THE AIR CONDITIONING UNITS WERE INSTALLED IN SEPTEMBER 2022.
IMANI MILELE CHILDREN:IN THE FALL OF 2022, JD SHETH WAS HAPPY TO BE ABLE TO SUPPORT IMANI MILELE CHILDREN (IMANI) BY HELPING WITH THE PURCHASE OF SOLAR PANELS AND THE DRILLING OF A NEW WATER WELL. IMANI OPERATES EIGHT EDUCATIONAL CENTERS THROUGHOUT UGANDA, SERVING OVER 4,000 CHILDREN. SOLAR PANELS WERE INSTALLED TO PROVIDE TROAS PRIMARY SCHOOL WITH MORE RELIABLE POWER THROUGHOUT THE SCHOOL DAY. THE SOLAR PANELS WILL ALSO POWER THE PUMP FOR THE NEW WATER WELL. THE WELL WAS DRILLED ON SCHOOL PROPERTY IN NOVEMBER 2022 TO PROVIDE THE CHILDREN, TEACHERS, AND STAFF WITH A MORE CONSISTENT WATER SOURCE DURING DROUGHT CONDITIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Nickens Chairman | Trustee | 1 | $0 |
Connie Stambush Project Coordinator | Trustee | 2 | $0 |
David Parker Event Coordinator | Trustee | 1 | $0 |
Jaimie Sheth President | Officer | 40 | $0 |
Shawnetta Compton Secretary | Officer | 2 | $0 |
Kelly Sanders Treasurer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,678 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,156 |
| Noncash contributions included in lines 1a–1f | $93,260 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,834 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $431,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,036 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,332 |
| Office expenses | $6,855 |
| Information technology | $1,856 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $313,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,135 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $196,135 |
| Total liabilities and net assets/fund balances | $196,135 |
Grants Awarded
Over the last fiscal year, Jd Sheth Foundation Inc has awarded $38,209 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN PEOPLES EDUCATION AND DEFENSE FUND PURPOSE: IN THE SPRING OF 2022, THE JD SHETH FOUNDATION PARTNERED WITH THE APEDF TO FUND THE PURCHASE OF APPLIANCES AND AIR CONDITIONING UNITS FOR THEIR FOUR-PLEX HOUSING UNIT IN ST. LOUIS, MO. THE HOUSING UNIT IS PART OF APEDF'S AFRICAN INDEPENDENCE WORKFORCE PROGRAM WHICH ADDRESSES RECIDIVISM OF FORMERLY INCARCERATED BLACK MEN AND WOMEN BY PROVIDING CULTURE-BASED WRAPAROUND SERVICES TO ADDRESS BASIC NEEDS THAT ARE CRITICAL TO THE SUCCESS OF INDIVIDUALS REJOINING THE COMMUNITY. AS OF MAY 2022, ALL THE KITCHEN APPLIANCES HAD BEEN INSTALLED AND THE WASHER/DRYER SET HAD BEEN PURCHASED. THE AIR CONDITIONING UNITS WERE INSTALLED IN SEPTEMBER 2022. | $11,342 |
IMANI MILELE CHILDREN PURPOSE: IN THE FALL OF 2022, JD SHETH WAS HAPPY TO BE ABLE TO SUPPORT IMANI MILELE CHILDREN (IMANI) BY HELPING WITH THE PURCHASE OF SOLAR PANELS AND THE DRILLING OF A NEW WATER WELL. IMANI OPERATES EIGHT EDUCATIONAL CENTERS THROUGHOUT UGANDA, SERVING OVER 4,000 CHILDREN. SOLAR PANELS WERE INSTALLED TO PROVIDE TROAS PRIMARY SCHOOL WITH MORE RELIABLE POWER THROUGHOUT THE SCHOOL DAY. THE SOLAR PANELS WILL ALSO POWER THE PUMP FOR THE NEW WATER WELL. THE WELL WAS DRILLED ON SCHOOL PROPERTY IN NOVEMBER 2022 TO PROVIDE THE CHILDREN, TEACHERS, AND STAFF WITH A MORE CONSISTENT WATER SOURCE DURING DROUGHT CONDITIONS. | $26,867 |