Oza Family Foundation
- Assets
- $577.8k
- Revenue
- $38.4k
- Investments
- $557.5k
- Employees
- 0
- Location
- Mount Vernon, IL
- Founding
- 04/2018
- Data as of
- 12/2021
- EIN
- 82-3335057
Organization Overview
Oza Family Foundation is located in Mount Vernon, IL. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Oza Family 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 12/2021, Oza Family Foundation generated $38.4k 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 (31.3%) each year. All expenses for the organization totaled $48.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Oza Family Foundation has awarded 60 individual grants totaling $183,525. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SUPPORT TO THE SHRINERS HOSPITAL FOR CHILDREN.
FINANCIAL SUPPORT TO EKAL VIDYALAYA FOUNDATION FOR THE PURPOSE OF EDUCATION AND PRIMARY HEALTH FOR VILLAGES IN INDIA. (EKAL.ORG)
FINANCIAL SUPPORT TO SOUTH CENTRAL TEXAS FOOD BANK WHICH PROVIDES FOOD TO PERSONS NEEDING FOOD AND NOURISHMENT IN SOUTH CENTRAL TEXAS.
FINANCIAL SUPPORT TO ST JUDE CHILDREN'S RESEARCH HOSPITAL WHO IS LEADING THE WAY IN HOW THE WORLD UNDERSTANDS, TREATS AND DEFEATS CHILDHOOD CANCER AND OTHER LIFE-THREATENING DISEASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arpana Y Oza Director | 1 | $0 | |
Yagnesh V Oza Director | 1 | $0 | |
Aarti Oza Bedi Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,752 |
| Capital Gain Net Income | $20,752 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | -$64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | -$54 |
| Contributions, gifts, grants paid | $48,230 |
| Total expenses and disbursements | $48,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,528 |
| Savings and temporary cash investments | $821 |
| 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 | $557,479 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $577,828 |
| 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, Oza Family Foundation has awarded $48,230 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: EDUCATION AND DEVELOPMENT FOR RURAL AREAS OF INDIA | $11,000 |
Austin, TX PURPOSE: PROVIDE FOOD TO THE NEEDY | $10,000 |
SHRINERS HOSPITAL FOR CHILDREN PURPOSE: PROVIDE MEDICAL SERVICES TO CHILDREN IN NEED | $7,000 |
Memphis, TN PURPOSE: PROVIDE SUPPORT TO HELP HEAL CHILDREN IN NEED | $5,000 |
INDIA COVID FUND GLOBAL GIVING PURPOSE: TO PROVIDE SUPPORT TO THE PEOPLE OF INDIA WITH FIGHTING THE COVID 19 VIRUS. | $5,000 |
UNICEF PURPOSE: FOOD AND HEALTHCARE FOR CHILDREN AND MOTHERS IN NEED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genyouth Inc Rosemont, IL | $9,087,915 | $10,980,091 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Sondheimer Family Charitable Foundation Wilmette, IL | $0 | $30,820 |
John Joseph Sigstein Foundation Inc Huntington, IN | $0 | $2,327,854 |
Illinois Tool Works Foundation Glenview, IL | $328,623 | $8,500,000 |
Willow Springs Charitable Tr Mt Carroll, IL | $100,115,931 | $21,339,853 |
Hamill Family Foundation Chicago, IL | $55,305,054 | $6,054,241 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
We Energies Foundation Inc Milwaukee, WI | $74,423,525 | $6,027,785 |
Grand Victoria Foundation Chicago, IL | $167,134,023 | $22,046,260 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |