Kamlesh And Luci Chainani Foundation
- Assets
- $3.2m
- Revenue
- $56.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 54-2061344
Organization Overview
Kamlesh And Luci Chainani Foundation is located in Mclean, VA. The organization was established in 2003. 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. Kamlesh And Luci Chainani 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, Kamlesh And Luci Chainani Foundation generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.5%) each year. All expenses for the organization totaled $225.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kamlesh Chainani President | 1 | $0 | |
Angela Gilbert Vice President / Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $857 |
| Dividends & Interest | $103,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,056 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,231 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,396 |
| Contributions, gifts, grants paid | $190,000 |
| Total expenses and disbursements | $225,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,708 |
| 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 | $2,927 |
| Total assets | $3,177,934 |
| 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, Kamlesh And Luci Chainani Foundation has awarded $190,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PATH MINISTRIES PURPOSE: HELP PEOPLE GROW THROUGH FAITH. | $25,000 |
ROCHESTER COMMUNITY AND TECHNICAL COLLEGE FDTN PURPOSE: PROMOTE EXCELLENCE IN EDUCATION. | $45,000 |
SHARE AND CARE FOUNDATION PURPOSE: IMPROVE EDUCATION. | $30,000 |
SHARE AND CARE FOUNDATION PURPOSE: IMPROVE EDUCATION. | $45,000 |
SHARE AND CARE FOUNDATION PURPOSE: IMPROVE EDUCATION. | $45,000 |