Radhika & Ambarish Malpani Foundation Inc
- Assets
- $636.8k
- Revenue
- $73.9k
- Investments
- $624.8k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 20-3975649
Organization Overview
Radhika & Ambarish Malpani Foundation Inc is located in Wilmington, DE. The organization was established in 2007. 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. Radhika & Ambarish Malpani 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, Radhika & Ambarish Malpani Foundation Inc generated $73.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $169.7k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Radhika & Ambarish Malpani Foundation Inc has awarded 139 individual grants totaling $998,206. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ambarish Malpani Vp, Dir | 1 | $0 | |
Radhika A Malpani Pres, Dir, Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $37 |
| Dividends & Interest | $13,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,323 |
| Capital Gain Net Income | $60,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,932 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,619 |
| Total operating and administrative expenses | $9,216 |
| Contributions, gifts, grants paid | $160,500 |
| Total expenses and disbursements | $169,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,022 |
| 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 | $636,843 |
| 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, Radhika & Ambarish Malpani Foundation Inc has awarded $160,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ADAS CAFE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BRIGHTER CHILDREN INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
ARPAN FOUNDATION INCORPORATED PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
EDUCATE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FFWD PURPOSE: FUND FOR KARYA | $10,000 |
IMPACTASSETS INC PURPOSE: SEAFORWARD FUND SFOH ACCOUNT # 433454 | $10,000 |