Alpa & Alpesh Chokshi Family Foundation Inc
- Assets
- $450.4k
- Revenue
- $32.9k
- Investments
- $417.9k
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 05/2017
- Data as of
- 12/2023
- EIN
- 81-4572486
Organization Overview
Alpa & Alpesh Chokshi Family Foundation Inc is located in Short Hills, NJ. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Alpa & Alpesh Chokshi Family 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 12/2023, Alpa & Alpesh Chokshi Family Foundation Inc generated $32.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $26.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Alpa & Alpesh Chokshi Family Foundation Inc has awarded 34 individual grants totaling $193,151. 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 |
|---|---|---|---|
Alpa Chokshi Trustee | 5 | $0 | |
Alpesh Chokshi Trustee | 5 | $0 | |
Ramesh Chokshi Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $3,822 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,099 |
| Capital Gain Net Income | $29,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,924 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $467 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,475 |
| Printing and publications | $0 |
| Other expenses | $578 |
| Total operating and administrative expenses | $6,520 |
| Contributions, gifts, grants paid | $19,869 |
| Total expenses and disbursements | $26,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,493 |
| 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 | $417,884 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $450,377 |
| 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, Alpa & Alpesh Chokshi Family Foundation Inc has awarded $19,869 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WHARTON SCHOOL PURPOSE: DONATION | $5,210 |
AMERICAN HEART PURPOSE: DONATION | $50 |
SAGE ELDERCARE PURPOSE: DONATION | $204 |
PRATHAM PURPOSE: DONATION | $14,000 |
SANSKRITI UNIVERSITY PURPOSE: DONATION | $405 |