Gabani Family Foundation
- Assets
- $221.9k
- Revenue
- $160.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wylie, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-3153714
Organization Overview
Gabani Family Foundation is located in Wylie, TX. 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. Gabani 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 12/2023, Gabani Family Foundation generated $160.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $128.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMELESS SHELTER - MATTRESS DRIVE; DISTRIBUTED IKEA MATTRESSES TO HOMELESS SHELTERS
FOOD DRIVE - HOMELESS SHELTERS - DISTRIBUTED PIZZA AND TACOS TO HOMELESS SHELTERS
WATER DRIVE - DISTRIBUTED WATER BOTTLES TO HOMELESS SHELTERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prashant Gabani Trustee | 10 | $0 | |
Disha Miyani Turstee | 10 | $0 | |
Shantilal Gabani Trustee | 15 | $18,000 | |
Nayanaben Gabani Trustee | 15 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160,000 |
| Interest on Savings | $20 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,020 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,781 |
| Depreciation | $17,559 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,618 |
| Printing and publications | $0 |
| Other expenses | $30,409 |
| Total operating and administrative expenses | $110,117 |
| Contributions, gifts, grants paid | $18,454 |
| Total expenses and disbursements | $128,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,581 |
| 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 | $56,296 |
| Other assets | $0 |
| Total assets | $221,877 |
| Accounts payable and accrued expenses | $10,432 |
| 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 | $9,299 |
| Total liabilities | $19,731 |
Grants Awarded
Over the last fiscal year, Gabani Family Foundation has awarded $18,454 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SEJAL VERMA PURPOSE: EDUCATIONAL SCHOLARSHIP | $750 |
ADITI PATEL PURPOSE: EDUCATIONAL SCHOLARSHIP | $7,353 |
BAPS CHARITIES PURPOSE: FULFILL THE MISSION OF THE CHARITABLE ORGANIZATION | $4,486 |
ASTRO ROI PURPOSE: FULFILL MISSION OF THE CHARITY | $1,679 |
BHARATIYA SENIOR CITIZEN OF DALLAS PURPOSE: FULFILL THE MISSION OF THE ORGANIZATION | $151 |
BREAST CANCER RESOURCE CENTER PURPOSE: FULFILL MISSION OF THE CHARITY | $550 |