Sarokhan Family Foundation Inc
- Assets
- $169.7k
- Revenue
- $6.8k
- Investments
- $147.9k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-1451789
Organization Overview
Sarokhan Family Foundation Inc is located in Basking Ridge, NJ. The organization was established in 2018. 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. Sarokhan Family 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 12/2022, Sarokhan Family Foundation Inc generated $6.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $14.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Sarokhan President | 1 | $0 | |
Joseph Sarokhan Treasurer | 0 | $0 | |
Emily Sarokhan Co-Secretary | 0 | $0 | |
Alison Sarokhan Co-Secretary | 0 | $0 | |
Carol Sarokhan Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $26 |
| Dividends & Interest | $6,757 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,783 |
| 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 | $0 |
| Total operating and administrative expenses | $410 |
| Contributions, gifts, grants paid | $13,750 |
| Total expenses and disbursements | $14,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,732 |
| 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 | $169,681 |
| 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, Sarokhan Family Foundation Inc has awarded $13,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD MEDICAL SCHOOL PURPOSE: GENERAL OPERATIONS | $5,000 |
DIOCESE OF METUCHEN PURPOSE: GENERAL OPERATIONS | $2,000 |
HOLY FAMILY HOSPITAL OF BETHLEHEM F PURPOSE: GENERAL OPERATIONS | $1,000 |
BRIGHAM AND WOMEN'S HOSPITAL FDN PURPOSE: GENERAL OPERATIONS | $500 |
ST JUDES CHILDREN'S RESEARCH HOSPIT PURPOSE: GENERAL OPERATIONS | $500 |
RUTGERS UNIV FDN PURPOSE: GENERAL OPERATIONS | $500 |