Kanakia Foundation
- Assets
- $163.0k
- Revenue
- $168.9k
- Investments
- $148.3k
- Employees
- 0
- Location
- Green Cove Springs, FL
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 52-2208477
Organization Overview
Kanakia Foundation is located in Green Cove Springs, FL. The organization was established in 2000. According to its NTEE Classification (V12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kanakia 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 12/2021, Kanakia Foundation generated $168.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $18.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kanakia Foundation has awarded 24 individual grants totaling $823,085. 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 |
|---|---|---|---|
Hemant Kanakia Director | 1 | $0 | |
Bhanuben Kanakia Director | 1 | $0 | |
Sonalde Desai Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $168,323 |
| Interest on Savings | $4 |
| Dividends & Interest | $533 |
| 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 | $168,860 |
| 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 | $7,366 |
| Printing and publications | $0 |
| Other expenses | $352 |
| Total operating and administrative expenses | $12,968 |
| Contributions, gifts, grants paid | $5,000 |
| Total expenses and disbursements | $17,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,136 |
| 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 | $148,324 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $533 |
| Total assets | $162,993 |
| 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, Kanakia Foundation has awarded $255,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Palo Alto, CA PURPOSE: GENERAL PURPOSE | $250,000 |
Houston, TX PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project South The Institution For The Elimination Poverty & Genocide Atlanta, GA | $27,866,929 | $28,428,472 |
Foundation For Economic Education Inc Atlanta, GA | $13,111,057 | $7,371,269 |
Nbcc Foundation Inc Greensboro, NC | $2,402,296 | $5,471,399 |
Ludwig Von Mises Institute For Austrian Economics Inc Auburn, AL | $45,587,383 | $8,440,639 |
Life Sciences Research Foundation Charlotte, NC | $3,832,665 | $3,418,112 |
Imagine North Carolina First Raleigh, NC | $1,746,999 | $4,219,239 |
Concerned African Women Inc Miami, FL | $487,805 | $2,044,732 |
Institute For Child Success Inc Greenville, SC | $2,517,388 | $2,842,292 |
William R Kenan Jr Fund For Eng Technology And Science Chapel Hill, NC | $28,890,222 | $1,436,534 |
South Carolina Science Academy Columbia, SC | $370,942 | $1,578,757 |
National Institute Of Statistical Sciences Research Triangle Park, NC | $6,618,001 | $1,740,149 |
William R Kenan Jr Fund For Ethics Chapel Hill, NC | $21,384,430 | $1,093,900 |