Kusum Family Foundation Inc
- Assets
- $5.6k
- Revenue
- $16.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Edison, NJ
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 13-4139226
Organization Overview
Kusum Family Foundation Inc is located in Edison, NJ. The organization was established in 2000. 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. Kusum 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, Kusum Family Foundation Inc generated $16.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $135.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kusum Family Foundation Inc has awarded 146 individual grants totaling $186,220. 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 |
|---|---|---|---|
Ashwin Shah Treasurer | 0.5 | $1,500 | |
Aniza Lall President | 0.5 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $212 |
| Dividends & Interest | $3,007 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,806 |
| Capital Gain Net Income | $12,806 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48 |
| Total operating and administrative expenses | $7,412 |
| Contributions, gifts, grants paid | $128,370 |
| Total expenses and disbursements | $135,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,595 |
| 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 | $5,595 |
| 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, Kusum Family Foundation Inc has awarded $128,370 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: TO RAISE AWARENESS AGAINST CANCER. | $5,000 |
AMERICAN INSTITUTE OF CANCER RESEARCH PURPOSE: CANCER RESEARCH FOUNDATION | $10,000 |
AMERICAN RED CROSS OF GREATER NEW YORK PURPOSE: TO HELP PEOPLE PREPARE FOR AND RESPOND TO DISASTERS. | $3,000 |
BLIND FOUNDATION FOR INDIA PURPOSE: TO SUPPORT BLIND PEOPLE | $10,000 |
CARE PURPOSE: FAMINE RELIEF | $5,000 |
COMMUNITY FOOD BANK FOR NJ PURPOSE: TO SUPPORT THE ORGANISATION | $5,000 |