Vallavbhai And Savitaben Patel Foundation Inc
- Assets
- $10.5m
- Revenue
- $1.1m
- Investments
- $9.3m
- Employees
- 0
- Location
- Montvale, NJ
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 22-3696763
Organization Overview
Vallavbhai And Savitaben Patel Foundation Inc is located in Montvale, NJ. The organization was established in 2000. 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. Vallavbhai And Savitaben Patel 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 12/2021, Vallavbhai And Savitaben Patel Foundation Inc 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 21.5% each year . All expenses for the organization totaled $569.2k during the year ending 12/2021. While expenses have increased by 4.4% 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.
Since 2016, Vallavbhai And Savitaben Patel Foundation Inc has awarded 169 individual grants totaling $4,622,651. 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 |
|---|---|---|---|
Kiran Patel Trustee | 0 | $0 | |
Paresh Patel Trustee | 0 | $0 | |
Yashvant Patel Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $100,355 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,016,010 |
| Capital Gain Net Income | $1,016,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,219 |
| Total Revenue | $1,119,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,814 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $97,686 |
| Contributions, gifts, grants paid | $471,500 |
| Total expenses and disbursements | $569,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,151 |
| Savings and temporary cash investments | $1,184,540 |
| 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 | $199,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,549,161 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $235,000 |
| 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 | $235,000 |
Grants Awarded
Over the last fiscal year, Vallavbhai And Savitaben Patel Foundation Inc has awarded $551,500 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BAPS PURPOSE: CONSTRUCTION OF A RELIGIOUS CENTER ROBBINSVILLE, NJ | $200,000 |
SAVE THE CHILDREN PURPOSE: HEALTH & HYGIENE SUPPORT FOR SYRIAN GIRL REGFUGEES IN EGYPT | $100,000 |
Piscataway, NJ PURPOSE: CONSTRUCTION OF TEMPLE COMPLEX | $75,000 |
Irvine, CA PURPOSE: BUILDING CLASSROOMS IN NDOLA, ZAMBIA | $50,000 |
SRI RAMAKRISHNA SARADA TRUST PURPOSE: PROVIDE FOOD PACKETS TO THOSE AFFECTED BY COVID-19 IN RURAL TAMIL NADU, INDIA | $20,000 |
THE SMILE TRAIN PURPOSE: SURGERY ON CHILDREN WITH CLEFT LIPS, WORLDWIDE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |