Vijay And Marie Goradia Charitable Foundation
- Assets
- $21.1m
- Revenue
- $1.5m
- Investments
- $18.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-5835715
Organization Overview
Vijay And Marie Goradia Charitable Foundation is located in Houston, TX. 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. Vijay And Marie Goradia 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.
For the year ending 12/2022, Vijay And Marie Goradia Charitable Foundation generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Vijay And Marie Goradia Charitable Foundation has awarded 142 individual grants totaling $15,983,067. 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 |
|---|---|---|---|
Sapphira Goradia President & Treasurer | 1 | $0 | |
Vijay Goradia Vice-President | 1 | $0 | |
Marie Goradia Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85,711 |
| Dividends & Interest | $262,706 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $316,394 |
| Capital Gain Net Income | $316,394 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $876,149 |
| Total Revenue | $1,540,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $230,991 |
| Total operating and administrative expenses | $285,944 |
| Contributions, gifts, grants paid | $1,370,250 |
| Total expenses and disbursements | $1,656,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,484,422 |
| Savings and temporary cash investments | $4,829 |
| 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 | $15,161,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,854 |
| Total assets | $21,126,273 |
| 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, Vijay And Marie Goradia Charitable Foundation has awarded $1,370,250 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANTARA INTERNATIONAL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $600,000 |
ASIA SOCIETY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $32,250 |
CO-IMPACT PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $250,000 |
DAYA INC PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,500 |
INDIASPORA PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
MAGIC BUS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $31,500 |