Singhal Family Charitable Foundation
- Assets
- $17.9m
- Revenue
- $1.1m
- Investments
- $17.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 20-8037921
Organization Overview
Singhal Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2009. 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. Singhal Family 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 12/2021, Singhal Family Charitable Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 69.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 30.0% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amit Singhal Pres, Dir, Sec | 5 | $0 | |
Shilpa Singhal VP | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33 |
| Dividends & Interest | $114,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $550,006 |
| Capital Gain Net Income | $548,776 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $438,200 |
| Total Revenue | $1,102,376 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7,358 |
| Taxes | $10,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163,524 |
| Total operating and administrative expenses | $240,498 |
| Contributions, gifts, grants paid | $1,293,165 |
| Total expenses and disbursements | $1,533,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,291 |
| 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 | $10,071,792 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,943,291 |
| 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 | $2,350,511 |
| Total liabilities | $2,350,511 |
Grants Awarded
Over the last fiscal year, Singhal Family Charitable Foundation has awarded $225,111 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: SINGHAL FAMILY CHARITABLE FOUNDATION FUND | $205,111 |