The Jadgish And Usha Patil Foundation
- Assets
- $436.7k
- Revenue
- $33.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Corbin, KY
- Founding
- 04/1998
- Data as of
- 04/2022
- EIN
- 31-1549262
Organization Overview
The Jadgish And Usha Patil Foundation is located in Corbin, KY. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jadgish And Usha Patil 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 04/2022, Jadgish And Usha Patil Foundation generated $33.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $61.6k during the year ending 04/2022. 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 |
|---|---|---|---|
Yash Patil Director | 0 | $0 | |
Jagdish Patil MD President | 0 | $0 | |
Raja Patil Director | 0 | $0 | |
Krishna Patil Director | 0 | $0 | |
Usha Patil MD Vice Pres/sec/treas | 0 | $0 | |
Neil Patil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,648 |
| Interest on Savings | $28 |
| Dividends & Interest | $27,220 |
| 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 | -$15,793 |
| Total Revenue | $33,103 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,048 |
| Printing and publications | $0 |
| Other expenses | $265 |
| Total operating and administrative expenses | $6,158 |
| Contributions, gifts, grants paid | $55,396 |
| Total expenses and disbursements | $61,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,233 |
| Savings and temporary cash investments | $386,301 |
| 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 | $1,121 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $436,655 |
| 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, The Jadgish And Usha Patil Foundation has awarded $55,396 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST FOUNDATION PURPOSE: FOUNDATION SUPPORT | $20,000 |
CORBIN ROTARY CLUB PURPOSE: FOUNDATION SUPPORT | $7,060 |
BMM PURPOSE: FOUNDATION SUPPORT | $5,000 |
WE SERVE FOUNDATION PURPOSE: FOUNDATION SUPPORT | $5,000 |
Los Angeles, CA PURPOSE: FOUNDATION SUPPORT | $4,500 |
KET NETWORK PURPOSE: COMMUNITY DEVELOPMENT | $2,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baisley Powell Elebash Fund Chicago, IL | $3,511,586 | $1,251,006 |
Philanthropy Ohio Columbus, OH | $1,895,129 | $2,152,720 |
Mcglothlin Foundation Bristol, VA | $17,450,755 | $3,108,342 |
Saint Marys Home For Disabled Children Foundation Norfolk, VA | $37,168,152 | $4,187,814 |
Kaplan Foundation Cincinnati, OH | $11,307,639 | $1,865,901 |
John B & Dareth Gerlach Foundation Columbus, OH | $25,585,768 | $542,073 |
Lost Sheep Ministries Inc Knoxville, TN | $704,656 | $432,203 |
John And Mary Alford Foundation Worthington, OH | $9,246,522 | $302,367 |
Community Residences Foundation Chantilly, VA | $4,861,456 | $1,373,875 |
Vanderburgh Johnstone Foundation Tr 20304093 Chicago, IL | $3,054,383 | $255,950 |
Steve & Sarah Wheeler Charitable Tr 9371934800 Chicago, IL | $2,624,653 | $283,700 |
First Fruits Foundation Inc Goshen, IN | $2,822,381 | $254,262 |