Arya Family Foundation
- Assets
- $3.5m
- Revenue
- $197.1k
- Investments
- $2.9m
- Employees
- 0
- Location
- Old Westbury, NY
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 11-3296769
Organization Overview
Arya Family Foundation is located in Old Westbury, NY. The organization was established in 1997. 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. Arya 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 12/2021, Arya Family Foundation generated $197.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $157.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Arya Family Foundation has awarded 207 individual grants totaling $1,195,542. 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 |
|---|---|---|---|
Yashpal Arya Director | 5 | $0 | |
Urmilesh Arya Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $169,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,904 |
| Capital Gain Net Income | $331 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $2,674 |
| Contributions, gifts, grants paid | $154,923 |
| Total expenses and disbursements | $157,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,245 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,461,931 |
| 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, Arya Family Foundation has awarded $154,923 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: CHARITY | $250 |
ARYA PRATINIDHI SABHA PURPOSE: CHARITY | $2,600 |
ARYA SAMAJ OF LONG ISLAND PURPOSE: CHARITY | $2,500 |
ASSOCIATION OF INDIANS IN AMERICA PURPOSE: CHARITY | $15,100 |
HINDU CENTER PURPOSE: CHARITY | $352 |
INDUS EDUCATIONAL EMPOWERMENT PURPOSE: CHARITY | $125,000 |