Kanak & Prabha Golia Foundation
- Assets
- $9.8m
- Revenue
- $3.3m
- Investments
- $1.7m
- Employees
- 0
- Location
- Manhasset, NY
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 20-8427663
Organization Overview
Kanak & Prabha Golia Foundation is located in Manhasset, NY. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kanak & Prabha Golia 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, Kanak & Prabha Golia Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $558.0k during the year ending 12/2022. While expenses have increased by 15.4% per year over the past 8 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, Kanak & Prabha Golia Foundation has awarded 229 individual grants totaling $2,479,097. 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 |
|---|---|---|---|
Kanak Golia Managing Tru | 1 | $0 | |
Prabha Golia Secretary | 1 | $0 | |
Piyush Golia Managing Tru | 1 | $0 | |
Roma Golia Trustee | 1 | $0 | |
Preeti Mehta Trustee | 1 | $0 | |
Nilesh Mehta Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,075,000 |
| Interest on Savings | $218,033 |
| Dividends & Interest | $48,610 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$28,458 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,313,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,272 |
| Total operating and administrative expenses | $22,783 |
| Contributions, gifts, grants paid | $535,178 |
| Total expenses and disbursements | $557,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,055,325 |
| Savings and temporary cash investments | $0 |
| 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 | $5,000,000 |
| Total assets | $9,785,089 |
| 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, Kanak & Prabha Golia Foundation has awarded $535,178 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BAL BASERA SEVA SANSTHAN PURPOSE: CHARITY | $6,800 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITY | $500 |
BAPS CHARITIES PURPOSE: CHARITY | $1,000 |
CUNYEDU PURPOSE: CHARITY | $8,078 |
GIVE2ASIA PURPOSE: CHARITY | $2,000 |
INTERNATIONAL HUMAN BENEFIT SERVICE PURPOSE: CHARITY | $16,200 |