The Narula Foundation Inc
- Assets
- $2.0m
- Revenue
- $41.6k
- Investments
- $2.0m
- Employees
- 0
- Location
- West Orange, NJ
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 51-0660270
Organization Overview
The Narula Foundation Inc is located in West Orange, NJ. The organization was established in 2008. 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. Narula 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, Narula Foundation Inc generated $41.6k 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 (15.5%) each year. All expenses for the organization totaled $186.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Narula Foundation Inc has awarded 198 individual grants totaling $770,575. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sudarshan K Narula Trustee | 4 | $0 | |
Ankush Narula Trustee | 4 | $0 | |
Ajay Narula Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,152 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $168,523 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $462 |
| Total Revenue | $41,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,893 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,860 |
| Total operating and administrative expenses | $38,370 |
| Contributions, gifts, grants paid | $148,050 |
| Total expenses and disbursements | $186,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,549 |
| 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 | $2,049,397 |
| 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, The Narula Foundation Inc has awarded $148,050 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ST JOSEPH'S INDIAN SCHOOL PURPOSE: TO SUPPORT THEEDUCATION OF LAKOTASIOUX FAMILIES | $1,000 |
EKAL VIDYALYA FOUNDATION PURPOSE: TO BRING EDUCATIONAND VILLAGE DEVELOPMENTTO RURAL INDIA | $5,475 |
COMMUNITY FOOD BANK OF NJ PURPOSE: TO SUPPLY FOODTO PEOPLE INNEED | $7,500 |
SBMC - SAINT BARNABAS MEDICAL CENTER PURPOSE: TO SUPPORTHOSPITAL CARE FORPEOPLE IN NEED | $15,000 |
FEED THE CHILDREN PURPOSE: TO HELP FIGHT CHILDHOOD HUNGER | $1,000 |
ALZHEIMERS ASSOCIATION PURPOSE: TO SUPPORT RESEARCHTO ELIMINATEALZHEIMER'S DISEASE | $500 |