Sgng Fundation Corporation
- Assets
- $5.2m
- Revenue
- -$345.9k
- Investments
- $4.1m
- Employees
- 0
- Location
- San Juan, PR
- Founding
- Data as of
- 12/2021
- EIN
- 84-3992835
Organization Overview
Sgng Fundation Corporation is located in San Juan, PR. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Sgng Fundation Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Sgng Fundation Corporation has awarded 14 individual grants totaling $195,000. 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 |
|---|---|---|---|
Nilam Gajwani Chairperson | 10 | $0 | |
Seema Gajwani Secretary | 0 | $0 | |
Rajeev Gajwani Secretary | 0 | $0 | |
Satyan Gajwani Treasurer | 0 | $0 | |
Suresh Gajwani Vice Chairperson | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$355,954 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,000 |
| Total Revenue | -$345,947 |
| 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 | $298 |
| Total operating and administrative expenses | $298 |
| Contributions, gifts, grants paid | $115,000 |
| Total expenses and disbursements | $115,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,010 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $1,005,280 |
| 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 | $4,061,046 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,181,336 |
| 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, Sgng Fundation Corporation has awarded $115,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BEJUCO PURPOSE: GENERAL SUPPORT | $40,000 |
Takoma Park, MD PURPOSE: GENERAL SUPPORT | $20,000 |
Miami, FL PURPOSE: GENERAL SUPPORT | $12,500 |
UT SOUTHWESTERN MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
Milpitas, CA PURPOSE: GENERAL SUPPORT | $10,000 |
FUNDACION OE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospital Menonita Caguas Inc Cidra, PR | $169,418,501 | $113,843,157 |
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Hospital De La Concepcion Inc San German, PR | $118,926,388 | $92,905,006 |
Hospital Damas Inc Ponce, PR | $56,244,610 | $73,414,103 |
Presbyterian Community Hospital Inc San Juan, PR | $49,406,530 | $70,919,559 |
Pontifical Catholic University Of Puerto Rico Ponce, PR | $161,066,580 | $97,269,712 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Neomed Center Inc Gurabo, PR | $65,808,264 | $60,486,712 |
Hospital Menonita Guayama Inc Cidra, PR | $149,499,387 | $86,573,108 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Ryder Memorial Hospital Inc Humacao, PR | $33,920,487 | $48,860,156 |