The Infinity Foundation Inc
- Assets
- $4.4m
- Revenue
- $1.3m
- Investments
- $4.0m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 04/1995
- Data as of
- 06/2021
- EIN
- 22-3339826
Organization Overview
The Infinity Foundation Inc is located in Princeton, NJ. The organization was established in 1995. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Infinity 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 06/2021, Infinity Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $595.5k during the year ending 06/2021. While expenses have increased by 23.6% per year over the past 3 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 2020, Infinity Foundation Inc has awarded 30 individual grants totaling $134,267. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
INFINITY FOUNDATION IS A NON-PROFIT ORGANIZATION BASED IN PRINCETON (USA), FOCUSED ON RESEARCH AND EDUCATION, SPECIALIZING IN THE FIELD OF INDIAN CIVILIZATION STUDIES. THE FOUNDATION HAS GIVEN OVER 400 GRANTS FOR RESEARCH, EDUCATION AND PHILANTHROPY, INCLUDING GRANTS TO LEADING INSTITUTIONS OF HIGHER EDUCATION, SPECIALIZED RESEARCH CENTERS, AS WELL AS GRANTS TO MANY INDIVIDUAL SCHOLARS. IT DISSEMINATES ITS UNIQUE RESEARCH FINDINGS THROUGH BOOKS, VIDEOS, A LARGE ONLINE DISCUSSION GROUP, SOCIAL MEDIA (WEEKLY VIDEOS ON FACEBOOK AND YOUTUBE), E-COURSES, AND PUBLIC EVENTS. SPECIFICALLY, RAJIV MALHOTRA PRESENTED AT VARIOUS CONFERENCES AND SEMINARS IN BOSTON, INDIA, AND TORONTO. RAJIV ALSO WORKED ON THE FOLLOWING BOOK PROJECTS: SANSKRIT NON-TRANSLATABLES, ARTIFICIAL INTELLIGENCE, AND INDIAN INFLUENCES ON MODERN CHRISTIANITY, MODERN WESTERN COGNITIVE SCIENCES, PSYCHOLOGY & SPIRITUALITY, INTEGRAL THEORY, AND HEGEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Maiorana Secretary - Term Started 12/20 | 40 | $71,348 | |
Danielle Moore Secretary/treasurer - Term Ended 12/20 | 40 | $44,488 | |
Rajiv Malhotra President/treasurer | 40 | $0 | |
Indrani Malhotra Trustee | 25 | $0 | |
Kabeer Malhotra Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $830,416 |
| Interest on Savings | $152 |
| Dividends & Interest | $92,452 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $302,049 |
| Capital Gain Net Income | $308,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,838 |
| Total Revenue | $1,260,907 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,836 |
| Other employee salaries and wages | $32,911 |
| Pension plans, employee benefits | $31,498 |
| Interest | $31 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,943 |
| Printing and publications | $27,416 |
| Other expenses | $195,223 |
| Total operating and administrative expenses | $521,104 |
| Contributions, gifts, grants paid | $74,369 |
| Total expenses and disbursements | $595,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,588 |
| Savings and temporary cash investments | $383,587 |
| 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 | $1,970,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,404,683 |
| Accounts payable and accrued expenses | $25,864 |
| 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 | $25,864 |
Grants Awarded
Over the last fiscal year, The Infinity Foundation Inc has awarded $74,369 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SUMESH SHARMA PURPOSE: RESEARCH SCHOLAR AND EDITOR | $11,950 |
THOMAS LANE PURPOSE: RESEARCH SCHOLAR AND EDITOR | $9,880 |
SHALINI PUTHIYEDAM PURPOSE: RESEARCH ASSISTANT | $9,182 |
ELIZABETH HARMER PURPOSE: RESEARCH SCHOLAR AND EDITOR | $8,933 |
DALIA SOFER PURPOSE: RESEARCH SCHOLAR AND EDITOR | $8,000 |
SUBHODEEP MUKHOPADHYAY PURPOSE: RESEARCH SCHOLAR AND EDITOR | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Infinity Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Ram & Mithlesh Gupta Family Foundation Inc Carlisle, MA PURPOSE: CHARITABLE | $10,000 |
Shrita Charitable Foundation West Chester, PA PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foodbank Of Monmouth And Ocean Counties Inc Neptune, NJ | $23,534,641 | $40,812,179 |
Merakey New Jersey Inc Lafayette Hill, PA | $3,333,906 | $18,038,178 |
Friends Home At Woodstown Inc Woodstown, NJ | $21,975,067 | $12,213,479 |
St Edmonds Home For Crippled Children Philadelphia, PA | $49,721,966 | $18,318,758 |
Senior Community Services Inc Lakewood, NJ | $636,384 | $10,329,992 |
Newlands Health Philadelphia, PA | $1,159,090 | $8,229,782 |
Janet H And C Harry Knowles Foundation Inc Moorestown, NJ | $83,707,741 | $6,312,977 |
Transitional Services Inc Homestead, PA | $10,014,611 | $8,842,162 |
New Jersey Reentry Jersey City, NJ | $4,380,691 | $8,275,013 |
Family Center Inc Brooklyn, NY | $5,076,025 | $6,630,119 |
Emmaus Community Of Pittsburgh Pittsburgh, PA | $6,056,245 | $6,901,501 |
Commission On Case Manager Certification Mt Laurel, NJ | $5,786,406 | $5,906,549 |