Kamla Bafna Charitable Foundation
- Assets
- $3.1m
- Revenue
- $141.1k
- Investments
- $3.0m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 37-1486138
Organization Overview
Kamla Bafna Charitable Foundation is located in Cleveland, OH. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Kamla Bafna 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, Kamla Bafna Charitable Foundation generated $141.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $138.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kamla Bafna Charitable Foundation has awarded 103 individual grants totaling $1,327,635. 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 |
|---|---|---|---|
Suresh C Bafna President | 2 | $0 | |
Dinesh Bafna Secretary | 2 | $0 | |
Kala Amesur Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $34,293 |
| Dividends & Interest | $33,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,434 |
| Capital Gain Net Income | $23,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,083 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,156 |
| Contributions, gifts, grants paid | $116,150 |
| Total expenses and disbursements | $138,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,765 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,055,020 |
| 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, Kamla Bafna Charitable Foundation has awarded $116,150 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
FEDERATION OF INDIA COMMUNITY ASSOC PURPOSE: GENERAL SERVICES | $11,000 |
YOUTH OPPORTUNITY UNLIMITED PURPOSE: GENERAL PURPOSE | $5,000 |
AIPNO MEDICAL YATRA PURPOSE: GENERAL SERVICES | $1,000 |
ZENWORKS YOGA PURPOSE: GENERAL SERVICES | $2,500 |
JAIN SOCIETY OF GREATER CLEVELAND PURPOSE: GENERAL SERVICES | $10,000 |
EKAL FOUNDATION PURPOSE: GENERAL ACTIVITIES | $3,650 |