Smart Villages Initiative
- Assets
- $28.6k
- Revenue
- $127.2k
- Investments
- $14.4k
- Employees
- 0
- Location
- Chino, CA
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-4591843
Organization Overview
Smart Villages Initiative is located in Chino, CA. The organization was established in 2018. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., 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. Smart Villages Initiative 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, Smart Villages Initiative generated $127.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $224.5k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO EMPOWER VILLAGERS WITH THE RIGHT TECHNOLOGY AND INNOVATION TO EXPLORE ENTREPRENEURIAL OPPORTUNITES, IMPROVE REVENUE, AND TO BUILD ON THEIR OWN AND NEW RESOURCES FOR A HAPPIER LIFE IN THEIR VILLAGE.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil Shah President | 30 | $0 | |
Naresh Solanki Treasurer | 4 | $0 | |
Myke Myo Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $127,366 |
| Interest on Savings | $0 |
| Dividends & Interest | $304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$466 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,278 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,288 |
| Total operating and administrative expenses | $52,612 |
| Contributions, gifts, grants paid | $171,912 |
| Total expenses and disbursements | $224,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,174 |
| 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 | $28,622 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $11,695 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,695 |
Grants Awarded
Over the last fiscal year, Smart Villages Initiative has awarded $248,310 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF BERKELEY PURPOSE: SUPPORT THE CENTER FOR GROWTH MARKETS | $205,000 |
TONYA LOLLEN PURPOSE: OXYGENATORS DURING COVID PANDEMIC | $36,810 |
DONATIONS 1000 PURPOSE: DONATIONS 1,000 | $6,500 |