Krishnan-Shah Family Foundation Inc
- Assets
- $54.5m
- Revenue
- $9.3m
- Investments
- $49.7m
- Employees
- 0
- Location
- Cupertino, CA
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 94-3288599
Organization Overview
Krishnan-Shah Family Foundation Inc is located in Cupertino, CA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Krishnan-Shah 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 12/2022, Krishnan-Shah Family Foundation Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $4.2m during the year ending 12/2022. While expenses have increased by 28.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Krishnan-Shah Family Foundation Inc has awarded 147 individual grants totaling $9,609,521. 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 |
|---|---|---|---|
Lata K Shah President/director | 1 | $0 | |
Ajay B Shah Secretary/director | 1 | $0 | |
Raj Krishnan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,491,534 |
| Interest on Savings | $0 |
| Dividends & Interest | $635,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,330,989 |
| Capital Gain Net Income | $12,849,494 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $834,030 |
| Total Revenue | $9,291,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $38,549 |
| Taxes | $226,274 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $390,124 |
| Total operating and administrative expenses | $722,878 |
| Contributions, gifts, grants paid | $3,493,995 |
| Total expenses and disbursements | $4,216,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,858,858 |
| 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 | $22,633,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,543,734 |
| 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 | $309,172 |
| Total liabilities | $309,172 |
Grants Awarded
Over the last fiscal year, Krishnan-Shah Family Foundation Inc has awarded $3,493,995 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AIM PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $2,500 |
ANGEL ARMIES FOUNDATION PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $10,000 |
AMERICAN INDIA FOUNDATION PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $785,000 |
ASIAN ART MUSEUM PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $100,000 |
ASIAN AMERICAN FOR COMMUNITY INVOLVEMENT PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $5,000 |
BILL WILSON CENTER PURPOSE: TO SUPPORT CHARITABLE PURPOSES | $5,000 |