The Nath Foundation
- Assets
- $496.2k
- Revenue
- $14.4k
- Investments
- $495.0k
- Employees
- 0
- Location
- Cary, NC
- Founding
- 12/2001
- Data as of
- 10/2023
- EIN
- 36-4474697
Organization Overview
The Nath Foundation is located in Cary, NC. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Nath 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 10/2023, Nath Foundation generated $14.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $29.4k during the year ending 10/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hari Nath Director | 4 | $0 | |
Kalpana Nath Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $439 |
| Capital Gain Net Income | $439 |
| Net ST Capital Gain | $202 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,449 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $983 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,977 |
| Total operating and administrative expenses | $7,270 |
| Contributions, gifts, grants paid | $22,162 |
| Total expenses and disbursements | $29,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,191 |
| 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 | $494,986 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $496,177 |
| 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 Nath Foundation has awarded $22,162 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER ASSOCIATION PURPOSE: UNRESTRICTED | $25 |
UNIVERSITY OF MISSIOURI PURPOSE: UNRESTRICTED | $50 |
WIKIPEDIA PURPOSE: UNRESTRICTED | $10 |
NCIAP PEOPLES MEDICAL CARE PURPOSE: UNRESTRICTED | $0 |
ART OF LIVING FOUNDATION PURPOSE: UNRESTRICTED | $5,000 |
HINDI VIKAS MANDAL PURPOSE: UNRESTRICTED | $410 |