Ken Jagroo Foundation Inc
- Assets
- $5.2m
- Revenue
- $470.9k
- Investments
- $3.8m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2414224
Organization Overview
Ken Jagroo Foundation Inc is located in Armonk, NY. The organization was established in 2019. 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. Ken Jagroo 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, Ken Jagroo Foundation Inc generated $470.9k 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 (37.7%) each year.
Since 2020, Ken Jagroo Foundation Inc has awarded 22 individual grants totaling $775,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS AND GRANTS MADE EXCLUSIVELY TO 501(C)(3) ORGANIZATIONS SPECIFICALLY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanda Mangal President | 1 | $0 | |
Nandlall Mangal Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,772 |
| Interest on Savings | $0 |
| Dividends & Interest | $119,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $224,852 |
| Capital Gain Net Income | $224,852 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $470,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $61,690 |
| Pension plans, employee benefits | $5,262 |
| Interest | $0 |
| Taxes | $23,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,914 |
| Total operating and administrative expenses | $205,466 |
| Contributions, gifts, grants paid | $400,000 |
| Total expenses and disbursements | $605,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,322,328 |
| 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 | $1,129,518 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,152,474 |
| Accounts payable and accrued expenses | $6,134 |
| Grants payable | $0 |
| Deferred revenue | $20,067 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,201 |
Grants Awarded
Over the last fiscal year, Ken Jagroo Foundation Inc has awarded $400,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
COALITION FOR THE HOMELESS PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
AMERICA'S VETDOGS PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
FIVER FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $75,000 |
LITTLE ESSENTIALS PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
MARBLEJAM KIDS PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |
GROWNYC PURPOSE: CHARITABLE CONTRIBUTION | $50,000 |