Ninash Foundation
- Assets
- $463.3k
- Revenue
- $49.6k
- Investments
- $436.3k
- Employees
- 0
- Location
- Oneonta, NY
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 16-1512822
Organization Overview
Ninash Foundation is located in Oneonta, NY. The organization was established in 1998. 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. Ninash 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 12/2022, Ninash Foundation generated $49.6k 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 (9.0%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ninash Foundation has awarded 30 individual grants totaling $329,088. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS TO SUPPORT THE SOCIAL AND ECONOMICALLY DISADVANTAGED INCLUDING SUPPORT FOR THE INDO-INTERNATIONAL SCHOOL TO TEACH THE POOR AND DISADVANTAGED
AWARDS TO RECOGNIZE OR ENCOURAGE INDIVIDUALS TO SUCCEED IN EDUCATION OR MUSIC
DONATIONS TO SUPPORT RESEARCH, EDUCATION, AND AUDIOLOGICAL DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashok Malhotra President | 28 | $0 | |
John Koller Vice President | 2 | $0 | |
Raj Mahotra Secretary | 2 | $0 | |
Linda Drake Treasurer | 10 | $0 | |
Todd Scudiere Director | 1 | $0 | |
Christina Malhotra Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,130 |
| Interest on Savings | $2 |
| Dividends & Interest | $11,441 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,065 |
| Capital Gain Net Income | $6,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,638 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $202 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,176 |
| Total operating and administrative expenses | $16,500 |
| Contributions, gifts, grants paid | $43,200 |
| Total expenses and disbursements | $59,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,313 |
| Savings and temporary cash investments | $17,184 |
| 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 | $47,589 |
| Net Land, buildings, and equipment | $470 |
| Other assets | $0 |
| Total assets | $463,292 |
| 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, Ninash Foundation has awarded $43,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
READS - RESEARCH EDUCATION AUDIOLOG PURPOSE: POETRY MEMORIAL LIBRARY | $12,000 |
INDO ART CULTURE PURPOSE: SUPPORT FOR SCHOOL | $31,000 |
VARIOUS AWARDS TO STUDENTS PURPOSE: SCHOLARSHIP TO PROMOTE MUSIC EDUCATION | $200 |