Kakani Family Foundation
- Assets
- $1.2m
- Revenue
- $17.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-5355502
Organization Overview
Kakani Family Foundation is located in Garden City, NY. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kakani 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 12/2022, Kakani Family Foundation generated $17.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (24.8%) each year.
Since 2017, Kakani Family Foundation has awarded 47 individual grants totaling $169,317. 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 |
|---|---|---|---|
Rajesh Kakani President | 0 | $0 | |
Sonali Kakani Vice Preside | 0 | $0 | |
Pragya Kakani Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $315 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,587 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,135 |
| Contributions, gifts, grants paid | $39,098 |
| Total expenses and disbursements | $40,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,693 |
| 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 | $1,226,171 |
| 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, Kakani Family Foundation has awarded $39,098 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ASSOCIATION OF PHYSICIANS PURPOSE: CHARITABLE PURPOSE | $100 |
FARMINGDALE STATE COLLEGE PURPOSE: CHARITABLE PURPOSE | $4,323 |
GOFUNDME PURPOSE: CHARITABLE PURPOSE | $100 |
HINDU CENTER TEMPLE PURPOSE: CHARITABLE PURPOSE | $9,000 |
MERCY MEDICAL CENTER PURPOSE: CHARITABLE PURPOSE | $2,100 |
LONG ISLAND INDO AMERICAN LIONS PURPOSE: CHARITABLE PURPOSE | $100 |