Aarush M Patel Foundation
- Assets
- $79.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- Data as of
- 12/2023
- EIN
- 87-2879320
Organization Overview
Aarush M Patel Foundation is located in Palatine, IL. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aarush M Patel 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 12/2023, Aarush M Patel Foundation generated $38.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $48.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATIONAL START UP COSTS, WEBSITE HOSTING, ONLINE TRANSACTION FEES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitul Patel President | 40 | $0 | |
Heather Brown Board Member | 10 | $0 | |
Dr Heeren Patel Board Member | 10 | $0 | |
Ben Rotman Board Member | 10 | $0 | |
Dr Eve Feinberg Medical Advisory Board | 1 | $0 | |
Dr Emily Miller Medical Advisory Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,046 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,510 |
| Other Revenue | $0 |
| Total Revenue | $38,556 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,124 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,154 |
| Total expenses | $48,278 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,544 |
| Other assets | $0 |
| Total assets | $79,272 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,272 |