Pratima And Vikrant Raina Family Foundation
- Assets
- $672.5k
- Revenue
- $271.1k
- Investments
- $286.4k
- Employees
- 0
- Location
- West Newton, MA
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-3485439
Organization Overview
Pratima And Vikrant Raina Family Foundation is located in West Newton, MA. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public 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. Pratima And Vikrant Raina Family 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 12/2022, Pratima And Vikrant Raina Family Foundation generated $271.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $79.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Pratima And Vikrant Raina Family Foundation has awarded 12 individual grants totaling $186,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vikrant Raina Trustee | 2 | $0 | |
Pratima Abichandani Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,705 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $247,421 |
| Capital Gain Net Income | $247,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $271,126 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,756 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41 |
| Total operating and administrative expenses | $11,547 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $79,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,125 |
| 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 | $672,539 |
| 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, Pratima And Vikrant Raina Family Foundation has awarded $68,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE AIDS ORPHAN CARE PURPOSE: GENERAL SUPPORT | $7,000 |
BUCKINGHAM BROWNE AND NICHOLS SCHOOL PURPOSE: GENERAL SUPPORT | $27,000 |
DEDHAM COUNTRY DAY SCHOOL PURPOSE: HORIZONS AT DCD | $2,500 |
KASHMIRI OVERSEAS ASSOCIATION PURPOSE: GENERAL SUPPORT | $1,000 |
PRATHAM USA PURPOSE: GENERAL SUPPORT | $25,000 |
RUTGERS UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $5,000 |