Ambal Inc
- Assets
- $1.8m
- Revenue
- $79.4k
- Investments
- $1.7m
- Employees
- 0
- Location
- Rockledge, FL
- Founding
- 05/2010
- Data as of
- 11/2023
- EIN
- 26-1626368
Organization Overview
Ambal Inc is located in Rockledge, FL. The organization was established in 2010. 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. Ambal 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 11/2023, Ambal Inc generated $79.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $223.6k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ambal Inc has awarded 115 individual grants totaling $1,753,578. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PUBLIC CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravindran Palaniyandi Director | 10 | $0 | |
Ambika Ravindran Director | 10 | $0 | |
Arun G Ravidran Director | 5 | $0 | |
Lakshmi B Ravidran Director | 5 | $0 | |
Radhika K Ravindran Director | 5 | $0 | |
Ramsey Preston Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $56,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,079 |
| Capital Gain Net Income | $23,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $79,441 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,625 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,660 |
| Total operating and administrative expenses | $42,621 |
| Contributions, gifts, grants paid | $181,000 |
| Total expenses and disbursements | $223,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,701 |
| 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 | $1,676,891 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,960 |
| Total assets | $1,751,552 |
| 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, Ambal Inc has awarded $181,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BREVARD SCHOOL FOUNDATION PURPOSE: TO PROMOTE EDUCATIONAL ADVANCEMENT | $2,500 |
CHILDREN'S ADVOCACY CENTER PURPOSE: PROMOTE A SAFE PLACE TO TALK, EXPRESS FEELINGS AND EXPERIENCE CHILDHOOD | $10,500 |
CLUB ESTEEM PURPOSE: PROVIDE FREE AFTER SCHOOL PROGRAMMING AND SUMMER ACTIVITIES TO STUDENTS IN GRADES 1ST THROUGH 12TH LIVING IN ECONOMICALLY DISADVANTAGED COMMUNITIES. | $10,000 |
EASTERN FLORIDA STATE COLLEGE PURPOSE: PROVIDE SCHOLARSHIPS FOR STUDENTS TO PURSUE A COLLEGE EDUCATION | $12,000 |
PROMISE IN BREVARD PURPOSE: TO PROVIDE AFFORDABLE HOUSING, A VARIETY OF LIFE SKILLS CLASSES AND ACTIVITIES AS WELL AS SUPPORT TO IDENITY EMPLOYMENT OPPORTUNITIES | $121,000 |
SHARING CENTER OF CENTRAL BREVARD PURPOSE: TO FIGHT CHILDREN'S HUNGER IN THE LOCAL COMMUNITY | $5,000 |