Love And Cherise Goel Family Foundation Inc
- Assets
- $24.3k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 09/2019
- Data as of
- 12/2020
- EIN
- 82-1419401
Organization Overview
Love And Cherise Goel Family Foundation Inc is located in Boca Raton, FL. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Love And Cherise Goel 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 12/2020, Love And Cherise Goel Family Foundation Inc generated $40.0k 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 (8.4%) each year. All expenses for the organization totaled $54.4k during the year ending 12/2020. 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 |
|---|---|---|---|
Love Goel President | 5 | $0 | |
Cherise Goel Secretary/treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| 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 | $40,003 |
| 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 | $3,387 |
| Total operating and administrative expenses | $3,387 |
| Contributions, gifts, grants paid | $51,057 |
| Total expenses and disbursements | $54,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,312 |
| 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 | $24,312 |
| 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, Love And Cherise Goel Family Foundation Inc has awarded $153,171 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Boca Raton, FL PURPOSE: CHARITY | $50,000 |
Boca Raton, FL PURPOSE: CHARITY | $50,000 |
Boca Raton, FL PURPOSE: CHARITY | $50,000 |
COLORECTAL CANCER ALLIANCE PURPOSE: CHARITY | $1,057 |
COLORECTAL CANCER ALLIANCE PURPOSE: CHARITY | $1,057 |
COLORECTAL CANCER ALLIANCE PURPOSE: CHARITY | $1,057 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |
Consortium Of Florida Education Foundations Inc Gainesville, FL | $1,204,122 | $5,873,511 |
Shepherd Center Foundation Inc Atlanta, GA | $141,754,007 | $86,686 |
Programa De Ayuda Humanitaria Para Venezuela Weston, FL | $8,434 | $5,060,742 |
Make-A-Wish Foundation Of Georgia Inc Atlanta, GA | $3,516,569 | $5,599,948 |
Pbsa Community Engagement Inc Atlanta, GA | $11,515,237 | $4,451,967 |