Gita K Shah Foundation
- Assets
- $988.3k
- Revenue
- $150.1k
- Investments
- $966.5k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 52-1864700
Organization Overview
Gita K Shah Foundation is located in Potomac, MD. The organization was established in 1994. 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. Gita K Shah 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, Gita K Shah Foundation generated $150.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 60.2% each year . All expenses for the organization totaled $32.0k during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gita K Shah Foundation has awarded 29 individual grants totaling $136,783. 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 |
|---|---|---|---|
Gita K Shah Trustee | 4 | $0 | |
Kamlesh C Shah Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,615 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,214 |
| Capital Gain Net Income | $17,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,220 |
| Contributions, gifts, grants paid | $30,774 |
| Total expenses and disbursements | $31,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,841 |
| 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 | $988,324 |
| 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, Gita K Shah Foundation has awarded $30,774 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JAIN SOCIETY OF METROPOLITAN WASHINGTON PURPOSE: GENERAL | $16,949 |
MARYLAND STATE POLICE PURPOSE: GENERAL | $25 |
MANAV SADHNA PURPOSE: GENERAL | $13,800 |