Jaya Charitable Foundation
- Assets
- $758.0k
- Revenue
- $53.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 32-0027023
Organization Overview
Jaya Charitable Foundation is located in Southfield, MI. The organization was established in 2003. 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. Jaya Charitable 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, Jaya Charitable Foundation generated $53.9k 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 (15.0%) each year. All expenses for the organization totaled $132.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Jaya Charitable Foundation has awarded 52 individual grants totaling $1,012,613. 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
JAYA REHAB CENTER FUND RAISING EVENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arvind Shah President | 2 | $0 | |
Jayshree Shah Director | 1 | $0 | |
Vrajesh Patel Director | 1 | $0 | |
Akshay Shah Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $200 |
| Dividends & Interest | $26,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,694 |
| Capital Gain Net Income | $26,694 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $260 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,731 |
| Total operating and administrative expenses | $7,991 |
| Contributions, gifts, grants paid | $124,555 |
| Total expenses and disbursements | $132,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,342 |
| Savings and temporary cash investments | $718,167 |
| Net Accounts receivable | $500 |
| 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 | $758,009 |
| 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, Jaya Charitable Foundation has awarded $124,555 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
JAIN SOCIETY OF GREATER DETROIT PURPOSE: GENERAL OPERATING PURPOSES;LISTTOTAL 20909;LISTTOTAL 25644 | $38,555 |
COMMMIT 2 CHANGE PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
MADHAVAN THAPAR (SCHOLARSHIP PAYMENT) PURPOSE: GENERAL OPERATING PURPOSES | $50,000 |
SHRI RAM KATHA SEVA PURPOSE: GENERAL OPERATING PURPOSES | $1,000 |
JAFNA PURPOSE: GENERAL OPERATING PURPOSES | $5,000 |
FEDERATION OF JAIN ASSOCIATION PURPOSE: GENERAL OPERATING PURPOSES | $25,000 |