Lalwani Foundation
- Assets
- $465.4k
- Revenue
- $10.2k
- Investments
- $430.9k
- Employees
- 0
- Location
- South Lyon, MI
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 26-1603601
Organization Overview
Lalwani Foundation is located in South Lyon, MI. The organization was established in 2008. 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. Lalwani 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, Lalwani Foundation generated $10.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.3%) each year. All expenses for the organization totaled $29.3k during the year ending 12/2023. 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 |
|---|---|---|---|
Narendra Lalwani President | 1 | $0 | |
Leena Lalwani Director | 1 | $0 | |
Nalin Lalwani Director | 1 | $0 | |
Neeraj Lalwani Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,807 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,221 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,227 |
| Total operating and administrative expenses | $5,842 |
| Contributions, gifts, grants paid | $23,500 |
| Total expenses and disbursements | $29,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$5 |
| Savings and temporary cash investments | $34,014 |
| 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 | $430,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $492 |
| Total assets | $465,374 |
| 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, Lalwani Foundation has awarded $23,500 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ARYA PRATINIDHL SABHA AMERICA PURPOSE: RELIGIOUS, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANICAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $2,500 |
BIRMINGHAM BLOOMFIELD ART CENTER PURPOSE: CHARITABLE, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANICAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $1,000 |
CHINMAYA MISSION ANN ARBOR PURPOSE: RELIGIOUS, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANCIAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $500 |
DETROIT INDIAN WOMEN ASSOCIATION PURPOSE: RELIGIOUS, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANICAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $1,500 |
BRIGHTON DISTRICT LIBRARY PURPOSE: CHARITABLE, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANICAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $500 |
GLEANERS OAKLAND DISTRIBUTION CENTER PURPOSE: CHARITABLE, CONTRIBUTION TO ORGANIZATION'S GENERAL FINANICAL RESOURCES FOR USE AS THE GOVERNING BOARD DEEMS NEEDED. | $2,500 |