Lakhanpal Vein Foundation Inc
- Assets
- $80.5k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenbelt, MD
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-4159568
Organization Overview
Lakhanpal Vein Foundation Inc is located in Greenbelt, MD. The organization was established in 2016. According to its NTEE Classification (H43) the organization is classified as: Heart & Circulatory System Diseases & Disorders Research, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakhanpal Vein 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 12/2021, Lakhanpal Vein Foundation Inc generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $64.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 6 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
VARICOSE VEIN RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nidhi Lakhanpal Director | 54.5 | $49,005 | |
Sanjiv Lakhanpal President | 5 | $0 | |
Joan Cantero Lakhanpal Executive Dir. | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| 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 | $100,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,005 |
| Other employee salaries and wages | $1,894 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,518 |
| Total operating and administrative expenses | $64,045 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,501 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $80,501 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heart Failure Society Of America Inc Rockville, MD | $8,199,366 | $5,992,766 |
Cardiovascular Medical Research And Education Fund Inc Philadelphia, PA | $1,947,304 | $35,647 |
Society Of Interventional Radiology Foundation Fairfax, VA | $8,417,546 | $1,833,608 |
National Blood Clot Alliance Philadelphia, PA | $381,860 | $938,995 |
Virginia Cardiac Services Quality Initiative South Riding, VA | $535,945 | $228,171 |
Delmarva Heart Research Foundation Inc Salisbury, MD | $0 | $0 |
Fetal Heart Society Inc Laurel, MD | $194,724 | $0 |
Lakhanpal Vein Foundation Inc Greenbelt, MD | $80,501 | $100,000 |
Delaware Valley Sts Quality Improvement Initiative West Chester, PA | $73,238 | $0 |
Translational Raas Interest Group Norfolk, VA | $18,925 | $38,640 |