Jelina Tejal & Paras Shah Education Foundation
- Assets
- $152.9k
- Revenue
- $17.3k
- Investments
- $133.9k
- Employees
- 0
- Location
- Loves Park, IL
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-1244100
Organization Overview
Jelina Tejal & Paras Shah Education Foundation is located in Loves Park, IL. The organization was established in 2019. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Jelina Tejal & Paras Shah Education 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 12/2023, Jelina Tejal & Paras Shah Education Foundation generated $17.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $58.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jelina Tejal & Paras Shah Education Foundation has awarded 19 individual grants totaling $131,000. 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
NONE
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 |
|---|---|---|---|
Jayendra C Shah Director | 0 | $0 | |
Leena J Shah Director | 0 | $0 | |
Jelina J Shah Director | 0 | $0 | |
Paras J Shah Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,741 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,569 |
| Capital Gain Net Income | $12,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,310 |
| 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 | $25 |
| Total operating and administrative expenses | $25 |
| Contributions, gifts, grants paid | $58,000 |
| Total expenses and disbursements | $58,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,959 |
| 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 | $152,900 |
| 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, Jelina Tejal & Paras Shah Education Foundation has awarded $58,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: BHAGWAN MUNISUVRAT SWAMI ENDOWMENTFUND | $25,000 |
FRANCISCAN UNIVERSITY OF STEUENVILL PURPOSE: COLLEGE FEE FOR TUTION | $1,500 |
SAINT LOUIS UNIVERSITY PURPOSE: COLLEGE FEE FOR TUTION | $1,500 |
JAIN SOCITY OF GREATER CHICAGO PURPOSE: DONNATION FOR RELIGION JAIN | $30,000 |