Arora Foundation Inc
- Assets
- $2.7m
- Revenue
- $78.9k
- Investments
- $2.7m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 03/2007
- Data as of
- 12/2023
- EIN
- 03-0576552
Organization Overview
Arora Foundation Inc is located in Greenwich, CT. The organization was established in 2007. 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. Arora 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, Arora Foundation Inc generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $163.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arora Foundation Inc has awarded 183 individual grants totaling $1,236,570. 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 |
|---|---|---|---|
Harpreet Arora President | 0 | $0 | |
Nisha Arora Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,050 |
| Dividends & Interest | $99,949 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,139 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,666 |
| Total operating and administrative expenses | $11,691 |
| Contributions, gifts, grants paid | $151,362 |
| Total expenses and disbursements | $163,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,577 |
| 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 | $2,728,071 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,734,648 |
| 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 | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Arora Foundation Inc has awarded $151,362 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
RYE COUNTRY DAY SCHOOL PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
INDIA CULTURAL CENTER OF GREENWICH PURPOSE: CHARITABLE ORGANIZATION | $7,875 |
HARVARD UNIVERSITY PURPOSE: CHARITABLE ORGANIZATION | $10,000 |
GURU TEGH BAHADUR FOUNDATION PURPOSE: CHARITABLE ORGANIZATION | $4,000 |
BUILDONORG PURPOSE: CHARITABLE ORGANIZATION | $1,000 |
APPLIED COMPUTING PURPOSE: CHARITABLE ORGANIZATION | $6,757 |