Vali Foundation
- Assets
- $1.4m
- Revenue
- $147.9k
- Investments
- $672.8k
- Employees
- 0
- Location
- Pinellas Park, FL
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-6276916
Organization Overview
Vali Foundation is located in Pinellas Park, FL. The organization was established in 2018. 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. Vali 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, Vali Foundation generated $147.9k 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 (33.9%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Vali Foundation has awarded 52 individual grants totaling $180,913. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Munafbhai S Kapadia Trustee | 5 | $0 | |
Sayrabanu M Kapadia Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $2,897 |
| Dividends & Interest | $1,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $498 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $67,780 |
| Total Revenue | $147,900 |
| 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 | $19,040 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $29,165 |
| Contributions, gifts, grants paid | $23,282 |
| Total expenses and disbursements | $52,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,084 |
| 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 | $510,381 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $689,321 |
| Total assets | $1,369,218 |
| 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, Vali Foundation has awarded $23,282 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
A F M I TOTAL PURPOSE: GIFT | $800 |
ARQAM'S ACADEMY INC TOTAL PURPOSE: GIFT | $1,000 |
BANGLADESH AMERICAN SOCIETY OF MUSLIM AID PURPOSE: GIFT | $500 |
CLEARWATER DAWA CENTER INC TOTAL PURPOSE: GIFT | $100 |
GHARIB FOUNDATION TOTAL PURPOSE: GIFT | $500 |
ICNA RELIEF USA TOTAL PURPOSE: GIFT | $800 |