Jai & Somna Gulati Foundation A Nj Nonprofit Corporation
- Assets
- $16.1k
- Revenue
- $41.8k
- Investments
- $5.1k
- Employees
- 0
- Location
- Robbinsville, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 88-1282106
Organization Overview
Jai & Somna Gulati Foundation A Nj Nonprofit Corporation is located in Robbinsville, NJ. 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. Jai & Somna Gulati Foundation A NJ Nonprofit Corporation 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, Jai & Somna Gulati Foundation A NJ Nonprofit Corporation generated $41.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $46.7k 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
COMMUNITY ENGAGEMENT
RELIGIOUS OUTREACH
EDUCATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jai P Gulati President | 5 | $0 | |
Somna J Gulati VP & Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,690 |
| Interest on Savings | $0 |
| Dividends & Interest | $48 |
| 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 | $90 |
| Total Revenue | $41,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $6 |
| Taxes | $2 |
| Depreciation | $1,608 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,701 |
| Printing and publications | $0 |
| Other expenses | $24,298 |
| Total operating and administrative expenses | $41,811 |
| Contributions, gifts, grants paid | $4,839 |
| Total expenses and disbursements | $46,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,931 |
| 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 | $8,114 |
| Other assets | $0 |
| Total assets | $16,119 |
| Accounts payable and accrued expenses | $4,582 |
| 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 | $4,582 |
Grants Awarded
Over the last fiscal year, Jai & Somna Gulati Foundation A Nj Nonprofit Corporation has awarded $4,839 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLINKNOW FOUNDATION PURPOSE: GENERAL PURPOSE | $250 |
WESTHAB INC PURPOSE: GENERAL PURPOSE | $250 |
ROBBINSVILLE HIGH SCHOOL PURPOSE: GENERAL PURPOSE | $1,000 |
BAPS SHRI SWAMINARAYAN MANDIR PURPOSE: GENERAL PURPOSE | $796 |
ST JUDE CHILDREN'S RESEARCH HOSPITA PURPOSE: GENERAL PURPOSE | $100 |
LEAP TO SHINE PURPOSE: GENERAL PURPOSE | $1,000 |