Goyal Foundation
- Assets
- $158.3k
- Revenue
- $2.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mason, OH
- Founding
- 04/2002
- Data as of
- 06/2024
- EIN
- 31-1803150
Organization Overview
Goyal Foundation is located in Mason, OH. The organization was established in 2002. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goyal 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 06/2024, Goyal Foundation generated $2.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $17.0k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION IS TO EDUCATE AND MAKE THEM SUCCESSFUL IN THEIR LIFE.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $221 |
| Dividends & Interest | $8,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,696 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,932 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,371 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,371 |
| Contributions, gifts, grants paid | $15,606 |
| Total expenses and disbursements | $16,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543 |
| Savings and temporary cash investments | $157,790 |
| 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 | $158,333 |
| 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, Goyal Foundation has awarded $15,606 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE COOPER UNION FOR THE PURPOSE: TO SPONSER ONE OR MORE STUDENTS | $3,092 |
THE COOPER UNION FOR THE PURPOSE: TO SPONSOR ONE OR MORE STUDENTS | $11,513 |
EKAL VIDYALAYA FOUNDATION PURPOSE: TO SUPPORT A CHILD | $1,001 |