Mesarg Educational Trust
- Assets
- $484.5k
- Revenue
- $76.7k
- Investments
- $449.2k
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 65-1185169
Organization Overview
Mesarg Educational Trust is located in Danbury, CT. The organization was established in 2003. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mesarg Educational Trust 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, Mesarg Educational Trust generated $76.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 70.4% each year . All expenses for the organization totaled $30.1k during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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 2016, Mesarg Educational Trust has awarded 58 individual grants totaling $142,974. 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 |
|---|---|---|---|
Mary Ellen Sierra Trustee | 1 | $0 | |
Dr Anand R Gokhale Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $19,476 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,604 |
| Capital Gain Net Income | $35,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,874 |
| Total Revenue | $76,722 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $65 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,587 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $30,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,847 |
| 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 | $4,400 |
| 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 | $484,463 |
| 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, Mesarg Educational Trust has awarded $22,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Cupertino, CA PURPOSE: GENERAL SUPPORT | $7,000 |
DANBURY ANIMLA WELFARE PURPOSE: GENERAL SUPPORT | $6,000 |
ANIMALS IN DISTRESS PURPOSE: GENERAL SUPPORT | $2,000 |
SAVANI MANOJ GOKHALE PURPOSE: SCHOLARSHIP | $2,000 |
YASH KILKARNL PURPOSE: SCHOLARSHIP | $2,000 |
ANUJA A KILKARNL PURPOSE: SCHOLARSHIP | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |