Khosa Jg Foundation
- Assets
- $2.0m
- Revenue
- $1.3m
- Investments
- $2.0m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 02/1988
- Data as of
- 12/2023
- EIN
- 36-3489320
Organization Overview
Khosa Jg Foundation is located in Oak Brook, IL. The organization was established in 1988. 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. Khosa Jg 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, Khosa Jg Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $338.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Khosa Jg Foundation has awarded 16 individual grants totaling $5,490,280. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rattan Khosa President | 0.1 | $0 | |
Bharati Khosa Secretary | 0.1 | $0 | |
Neel Khosa Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,272,663 |
| Interest on Savings | $0 |
| Dividends & Interest | $39,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,632 |
| Capital Gain Net Income | $7,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,319,994 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $55 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,057 |
| Total operating and administrative expenses | $23,377 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $338,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,989 |
| Savings and temporary cash investments | $0 |
| 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 | $1,947,637 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,030,598 |
| 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, Khosa Jg Foundation has awarded $315,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INDO AMERICA CENTER PURPOSE: GENERAL OPERATING GRANT TO PROVIDE SERVICES TO SOUTH ASIAN IMMIGRANTS | $10,000 |
PRATHAM USA PURPOSE: GENERAL OPERATING GRANT TO PROVIDE EDUCATION FOR CHILDREN | $300,000 |
SHANTI BHAVAN CHILDREN'S PROJECT PURPOSE: GENERAL OPERATING GRANT TO SUPPORT UNDERSERVED CHILDREN WITH EDUCATION | $5,000 |