Naresh C Jain Foundation
- Assets
- $963.0k
- Revenue
- $11.3k
- Investments
- $952.3k
- Employees
- 0
- Location
- Centerville, VA
- Founding
- 01/1997
- Data as of
- 12/2022
- EIN
- 33-0687485
Organization Overview
Naresh C Jain Foundation is located in Centerville, VA. The organization was established in 1997. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Naresh C 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 12/2022, Naresh C Jain Foundation generated $11.3k 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 (29.6%) each year. All expenses for the organization totaled $78.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Naresh C Jain Foundation has awarded 87 individual grants totaling $579,277. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naresh C Jain President & CEO | 1 | $0 | |
Gerda J Jain CFO | 0.25 | $0 | |
Roli Points Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,001 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,861 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$42,519 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,343 |
| 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 | $25 |
| Total operating and administrative expenses | $7,031 |
| Contributions, gifts, grants paid | $71,169 |
| Total expenses and disbursements | $78,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,653 |
| 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 | $33,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $962,982 |
| 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, Naresh C Jain Foundation has awarded $71,169 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BHAGWAN MAHAVIR SEWA KENDRA PURPOSE: HUNGER RELIEF | $60,000 |
ST JUDE CHILDREN'S RESEARCH PURPOSE: MEDICAL RESEARCH | $3,501 |
ALZHEIMER'S ASSOCIATION PURPOSE: MEDICAL RESEARCH | $251 |
MAKE A WISH FOUNDATION PURPOSE: HUMANITARIAN | $502 |
THE SMILE TRAIN PURPOSE: MEDICAL RELIEF | $551 |
UNIV OF SOUTHERN CALIF PURPOSE: MEDICAL RESEARCH | $251 |