Pranan Foundation Inc
- Assets
- $4.4m
- Revenue
- $616.4k
- Investments
- $3.2m
- Employees
- 0
- Location
- Sandy Springs, GA
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 82-3201792
Organization Overview
Pranan Foundation Inc is located in Sandy Springs, GA. The organization was established in 2018. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pranan 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, Pranan Foundation Inc generated $616.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $307.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Pranan Foundation Inc has awarded 109 individual grants totaling $632,250. 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 |
|---|---|---|---|
Vikas Verma President | 1 | $0 | |
Achala Verma Vice President | 1 | $0 | |
Ritu V Gordon Secretary | 1 | $0 | |
Priyanka Verma Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $381,930 |
| Interest on Savings | $31,850 |
| Dividends & Interest | $78,458 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $124,171 |
| Capital Gain Net Income | $124,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $616,409 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71 |
| Total operating and administrative expenses | $13,906 |
| Contributions, gifts, grants paid | $294,000 |
| Total expenses and disbursements | $307,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,222,408 |
| 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 | $3,478 |
| Total assets | $4,409,998 |
| 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 | $6,264 |
| Total liabilities | $6,264 |
Grants Awarded
Over the last fiscal year, Pranan Foundation Inc has awarded $294,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
A B C OF GEORGIA CHARITABLE FOUNDATION PURPOSE: GENERAL FUNDING | $6,000 |
ATLANTA ANGELS PURPOSE: SUPPORT FOR FOSTER CARE | $8,000 |
ATLANTA COMMUNITY FOOD BANK PURPOSE: GENERAL FUNDING | $10,000 |
ATLANTA MUSIC PROJECT PURPOSE: SUPPORT FOR CURRENT PROJECTS | $10,000 |
ATLANTA MISSION PURPOSE: GENERAL FUNDING | $10,000 |
BE THE MATCH FOUNDATION PURPOSE: GERERAL FUNDING | $10,000 |