Satish Kinna Shah Foundation Inc
- Assets
- $483.1k
- Revenue
- $13.4k
- Investments
- $476.4k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 27-2760890
Organization Overview
Satish Kinna Shah Foundation Inc is located in Chicago, IL. The organization was established in 2010. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Satish Kinna Shah 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 12/2023, Satish Kinna Shah Foundation Inc generated $13.4k 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 (29.6%) each year. All expenses for the organization totaled $57.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Satish Kinna Shah Foundation Inc has awarded 59 individual grants totaling $207,800. 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
TUITION FEES PAID TO STUDENTS
DONATION TO NON PROFIT ORGANISATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,816 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,541 |
| Capital Gain Net Income | $2,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $182 |
| Total operating and administrative expenses | $3,726 |
| Contributions, gifts, grants paid | $53,500 |
| Total expenses and disbursements | $57,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,623 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $483,063 |
| 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, Satish Kinna Shah Foundation Inc has awarded $52,500 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
HARSHI JIGAR DAGII PURPOSE: TUITION | $1,600 |
PANTHI KARTIK SHAH PURPOSE: TUITION | $1,600 |
JINALI R SHAH PURPOSE: NON PROFIT ORGANISATIONS | $2,400 |
VIDHI JANKESH PIPARIA PURPOSE: TUITION | $2,700 |
RISHABH HEMANT SHAH PURPOSE: TUITION | $2,700 |
PAL KARTIK SHAH PURPOSE: TUITION | $1,600 |