Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin
- Assets
- $278.1m
- Revenue
- $14.3m
- Investments
- $90.1m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 09/2018
- Data as of
- 10/2023
- EIN
- 82-3755232
Organization Overview
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin is located in Tampa, FL. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin 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 10/2023, Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin generated $14.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (31.4%) each year. All expenses for the organization totaled $16.5m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin has awarded 47 individual grants totaling $106,602,231. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE GIVEN TO VARIOUS ORGANIZATIONS BASED ON THE RECIPIENT ORGANIZATION'S FOCUS ON EDUCATION AND HEALTH IN THE COMMUNITY, AS WELL AS THEIR COMMITMENT TO EXCELLENCE IN SERVING THE COMMUNITY.
ADVANCING HEALTH CARE IN FLORIDA, AND INTERNATIONALLY, BY EDUCATING THOSE WHO CAN MAKE A DIFFERENCE, PARTICULARLY IN MULTICULTURAL AND UNDERSERVED COMMUNITIES. THIS COMMITMENT INCLUDES GIFTING NOVA SOUTHWESTERN UNIVERSITY THE REAL ESTATE AND BUILDING INVESTMENT THAT IS NOW THE NSU TAMPA BAY REGIONAL CAMPUS. THE GIFT CONTAINS AN ENDOWMENT TO SUSTAIN THE OPERATION OF THE COLLEGE'S TAMPA BAY LOCATION IN PERPETUITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shilen Patel President/director | 1 | $0 | |
Dr Sheetal Patel Vp/treasurer/director | 1 | $0 | |
Dr Sonali K Judd Secretary/director | 1 | $0 | |
Dr Kiran Patel Director | 1 | $0 | |
Dr Pallavi Patel Director | 1 | $0 | |
Ana Endres Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,195,799 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,576,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,318 |
| Capital Gain Net Income | $89,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,417,440 |
| Total Revenue | $14,278,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,600,519 |
| Taxes | $93,551 |
| Depreciation | $4,432,424 |
| Occupancy | $317,850 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $691,147 |
| Total operating and administrative expenses | $15,660,817 |
| Contributions, gifts, grants paid | $833,590 |
| Total expenses and disbursements | $16,494,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,758,050 |
| 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 | $2,761,849 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,653,639 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $90,062,570 |
| Net Land, buildings, and equipment | $147,859,816 |
| Other assets | $6,676 |
| Total assets | $278,102,600 |
| Accounts payable and accrued expenses | $3,783,012 |
| Grants payable | $28,686,277 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $216,306,975 |
| Other liabilities | $9,389,626 |
| Total liabilities | $258,165,890 |
Grants Awarded
Over the last fiscal year, Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin has awarded $833,590 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA COLLEGE FUND PURPOSE: GENERAL SUPPORT | $112,784 |
SHAKTI KRUPA CHARITABLE TRUST PURPOSE: VARIOUS PERMANENT PROJECTS, I.E., HEALTH, EDUCATION, RURAL DEVELOPMENT AND SOCIAL SERVICE MAINLY FOR THE UPLIFTMENT OF THE RURAL COMMUNITY | $300,000 |
TIE FOUNDATION PURPOSE: GENERAL SUPPORT | $102,000 |
DR KIRAN C PATEL ELEMENTARY SCHOOL PURPOSE: SCHOOL FURNITURE GRANT | $318,806 |