Satish & Rupal Shah Charitable Foundation
- Assets
- $4.1m
- Revenue
- $606.7k
- Investments
- $2.2m
- Employees
- 0
- Location
- Gettysburg, PA
- Founding
- 01/2005
- Data as of
- 12/2023
- EIN
- 20-1980238
Organization Overview
Satish & Rupal Shah Charitable Foundation is located in Gettysburg, PA. The organization was established in 2005. 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. Satish & Rupal Shah Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Satish & Rupal Shah Charitable Foundation has awarded 52 individual grants totaling $553,351. 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 |
|---|---|---|---|
Rupal Shah Trustee | 0.75 | $0 | |
Joan Chapman Trustee/secretary/treasurer | 0.75 | $0 | |
Satish Shah Trustee/president | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $503,898 |
| Interest on Savings | $39,771 |
| Dividends & Interest | $59,103 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,900 |
| Capital Gain Net Income | $3,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $606,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,641 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101 |
| Total operating and administrative expenses | $3,742 |
| Contributions, gifts, grants paid | $205,039 |
| Total expenses and disbursements | $208,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9 |
| Savings and temporary cash investments | $1,615,950 |
| 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 | $300,000 |
| Other assets | $0 |
| Total assets | $4,086,853 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $90,100 |
| 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 | $90,100 |
Grants Awarded
Over the last fiscal year, Satish & Rupal Shah Charitable Foundation has awarded $205,039 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HARI TEMPLE PURPOSE: GENERAL SUPPORT | $3,351 |
VICKIE'S ANGEL FOUNDATION PURPOSE: GENERAL SUPPORT | $70,000 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $385 |
DOCTOR GOODWILL FOUNDATION PURPOSE: HOSPITAL SUPPORT | $352 |
FOUR DIAMONDS PURPOSE: GENERAL SUPPORT | $501 |
YORK COUNTY MEDICAL FOUNDATION PURPOSE: SUICIDE PREVENTION EDUCATION | $250 |