Sharon H Limaye Foundation
- Assets
- $3.2m
- Revenue
- $255.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 23-2738735
Organization Overview
Sharon H Limaye Foundation is located in Newtown Square, PA. The organization was established in 1994. 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. Sharon H Limaye 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 12/2023, Sharon H Limaye Foundation generated $255.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $376.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sharon H Limaye Foundation has awarded 154 individual grants totaling $762,085. 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 |
|---|---|---|---|
Dilip R Limaye Trustee | 0.2 | $0 | |
Ryan D Limaye Trustee | 0.1 | $0 | |
Kris N Limaye Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,566 |
| Capital Gain Net Income | $23,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $185,158 |
| Total Revenue | $255,517 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,290 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $741 |
| Printing and publications | $0 |
| Other expenses | $207,840 |
| Total operating and administrative expenses | $212,789 |
| Contributions, gifts, grants paid | $163,837 |
| Total expenses and disbursements | $376,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,781 |
| 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 | $601,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $280,167 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,163,428 |
| 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, Sharon H Limaye Foundation has awarded $163,837 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $1,325 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $240 |
BETH ISRAEL LAHEY HOSPITAL & MEDICAL CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
CHILDFUND INTERNATIONAL PURPOSE: GENERAL SUPPORT | $1,128 |
CHRISTOPHER M FUGA MEMORIAL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
ED SNIDER YOUTH HOCKEY & EDUCATION PURPOSE: GENERAL SUPPORT | $53,750 |