Adarsh Charitable Foundation Inc
- Assets
- $2.2m
- Revenue
- $166.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2843218
Organization Overview
Adarsh Charitable Foundation Inc is located in Louisville, KY. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Adarsh Charitable 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 12/2021, Adarsh Charitable Foundation Inc generated $166.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $130.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Adarsh Charitable Foundation Inc has awarded 12 individual grants totaling $129,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nisha Aggarwal Director | 1 | $0 | |
Seema Singal Director | 1 | $0 | |
Inder Singal Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,863 |
| Capital Gain Net Income | $112,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,010 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,773 |
| Total operating and administrative expenses | $18,001 |
| Contributions, gifts, grants paid | $112,000 |
| Total expenses and disbursements | $130,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,707 |
| Savings and temporary cash investments | $1,319 |
| 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 | $2,153,983 |
| 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, Adarsh Charitable Foundation Inc has awarded $112,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BCVI FOUNDATION PURPOSE: GENERAL FUND | $33,500 |
Louisville, KY PURPOSE: GENERAL FUND | $26,500 |
WEST END SCHOOL PURPOSE: GENERAL FUND | $20,000 |
AMERICAN PRINTING HOUSE PURPOSE: GENERAL FUND | $10,000 |
DIVINE SHAKTI FOUNDATION PURPOSE: GENERAL FUND | $6,500 |
Louisville, KY PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Pritzker Family Foundation Chicago, IL | $156,116,781 | $25,309,600 |
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Paul M Angell Family Foundation Chicago, IL | $1,816,327 | $24,997,411 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Anthony Pritzker Fam Foundation Chicago, IL | $0 | $37,184,888 |