Chilana Charitable Foundation
- Assets
- $301.5k
- Revenue
- $13.1k
- Investments
- $283.3k
- Employees
- 0
- Location
- Franklin Lakes, NJ
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 81-6781383
Organization Overview
Chilana Charitable Foundation is located in Franklin Lakes, NJ. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Chilana Charitable 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, Chilana Charitable Foundation generated $13.1k 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 (5.0%) each year. All expenses for the organization totaled $11.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (22.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gurmit S Chilana Co-Trustee | 2 | $0 | |
Bhupinder Chilana Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,073 |
| Interest on Savings | $13 |
| Dividends & Interest | $2,063 |
| 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 | $13,149 |
| 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 | $101 |
| Total operating and administrative expenses | $101 |
| Contributions, gifts, grants paid | $11,790 |
| Total expenses and disbursements | $11,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,216 |
| 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 | $301,525 |
| 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, Chilana Charitable Foundation has awarded $11,790 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BENEVITY DONATIONS PURPOSE: RELIGIOUS CHARITY | $4,000 |
ST JUDE CHILDRENS RES HOSP PURPOSE: RELIGIOUS CHARITY | $200 |
SIRI GURU SINGH SABH PURPOSE: RELIGIOUS CHARITY | $5,000 |
MONTCLAIR STATE UNIVERSITY PURPOSE: RELIGIOUS CHARITY | $2,590 |