Jain Foundation
- Assets
- $46.8k
- Revenue
- $16.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sugar Land, TX
- Founding
- 10/2011
- Data as of
- 12/2023
- EIN
- 27-4201268
Organization Overview
Jain Foundation is located in Sugar Land, TX. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jain 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, Jain Foundation generated $16.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $17.9k during the year ending 12/2023. While expenses have increased by 21.7% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Indu Jain Director | 0.5 | $0 | |
Abhey K Jain Director | 2 | $0 | |
Rakhee J Desai Director | 0.5 | $0 | |
Rishee K Jain Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $406 |
| Dividends & Interest | $784 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,190 |
| 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 | $176 |
| Total operating and administrative expenses | $176 |
| Contributions, gifts, grants paid | $17,773 |
| Total expenses and disbursements | $17,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,806 |
| 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 | $46,806 |
| 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, Jain Foundation has awarded $17,773 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LIFE IN YOGA PURPOSE: ASSISTING IN FURTHERING THEIR GOALS OF TRAINING AND PROMOTING HEALTHY LIFE STYLES THROUGH YOGA AND MEDITATION. | $1,000 |
CHINMAYA MISSION HOUSTON PURPOSE: ASSISTING IN FURTHERING THEIR GOALS OF RELIGIOUS EDUCATION DISASTER RELIEF AND HELPING NEEDY | $1,773 |
CENTRAL TEXAS VIPASSANA ASSOCIATION PURPOSE: ASSISTING IN FURTHERING THEIR GOALS OF PROMOTING HEALTHY LIFE STYLE THROUGH MEDITATION | $10,000 |
PRATHAM USA PURPOSE: ASSISTING IN FURTHERING THEIR GOALS OF CHILDREN EDUCATION AND PROVIDING SKILL TRAINING TO YOUTHS. | $5,000 |