Johari Family Foundation Inc
- Assets
- $4.2m
- Revenue
- $561.3k
- Investments
- $3.9m
- Employees
- 0
- Location
- Hopkins, MN
- Founding
- Data as of
- 12/2023
- EIN
- 87-3849499
Organization Overview
Johari Family Foundation Inc is located in Hopkins, MN. 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. Johari Family Foundation Inc 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, Johari Family Foundation Inc generated $561.3k 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 (39.2%) each year. All expenses for the organization totaled $136.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Johari Family Foundation Inc has awarded 22 individual grants totaling $152,007. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahesh Johari President | 10 | $0 | |
Name Not Listed Secretary / Treasury | 1.5 | $0 | |
Dave Pearl Vice President | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $551 |
| Dividends & Interest | $183,160 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,433 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $561,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $33,400 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,226 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $412 |
| Printing and publications | $0 |
| Other expenses | $9,894 |
| Total operating and administrative expenses | $56,684 |
| Contributions, gifts, grants paid | $80,007 |
| Total expenses and disbursements | $136,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $274,727 |
| 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 | $702,540 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,158,806 |
| 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, Johari Family Foundation Inc has awarded $80,007 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FOOTHOOLD TWIN CITIES PURPOSE: EMERGENCYASSISTANCE TO FAMILES | $2,000 |
DAKOTA WOODLANDS PURPOSE: UPDATETECHNOLOGY | $10,007 |
SISTERS RISING WORLDWIDE PURPOSE: PC | $3,000 |
REPOWERED PURPOSE: SUPPORT OFGENERALOPERATIONS | $4,000 |
MINDS MATTER PURPOSE: UNRESTRICTED | $15,000 |
MONARCH JOINT VENTURE PURPOSE: OUTREACH BOOTHSAND EDUCATION MATERIALSFOR THE PUBLIC | $2,000 |