Vishal Foundation Inc
- Assets
- $3.1m
- Revenue
- $39.8k
- Investments
- $3.0m
- Employees
- 0
- Location
- New Vernon, NJ
- Founding
- 06/2011
- Data as of
- 12/2022
- EIN
- 45-2175798
Organization Overview
Vishal Foundation Inc is located in New Vernon, NJ. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Vishal Foundation Inc 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, Vishal Foundation Inc generated $39.8k 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 (11.8%) each year. All expenses for the organization totaled $99.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vishal Foundation Inc has awarded 95 individual grants totaling $894,605. 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 |
|---|---|---|---|
Prathibha Reddy Trustee | 20 | $0 | |
Naveen Reddy Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43 |
| Dividends & Interest | $56,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,179 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,767 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,202 |
| Contributions, gifts, grants paid | $69,600 |
| Total expenses and disbursements | $99,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,921 |
| 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 | $3,075,219 |
| 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, Vishal Foundation Inc has awarded $69,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GIVEWELL PURPOSE: TO PROVIDE SUPPORT IN RESEARCHING TOP CHARITIES TO SUPPORT. | $10,000 |
GLOBALGIVING PURPOSE: TO HELP SUPPORT A GLOBAL CROWDFUNDING PLATFORM FOR GRASSROOTS CHARITABLE PROJECTS. | $11,000 |
INTERNATIONAL CITYCOUNTY MANAGEMENT ASSOCIATION PURPOSE: TO IDENTIFY AND SPEED THE ADOPTION OF LEADING LOCAL GOVERNMENT PRACTICES IN ORDER TO IMPROVE THE LIVES OF RESIDENTS. | $9,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: TO SUPPORT THE RESEARCH TO CURE LEUKEMIA, LYMPHOMA, HODGKIN'S DISEASE, AND MYELOMA, AND IMPROVE THE QUALITY OF LIFE OF PATIENTS AND THEIR FAMILIES. | $1,000 |
TECHNOLOGY AGAINST ALS PURPOSE: SUPPORT THE IMPROVEMENT IN THE QUALITY OF LIFE FOR PATIENTS WITH ALS + LOCKED-IN SYNDROME BY EXPLOITING THE LATEST TECHNOLOGIES AVILABLE TODAY. | $25,000 |
SUNSHINE KIDS PURPOSE: PROVIDE POSITIVE GROUP ACTIVITIES AND EMOTIONAL SUPPORT FOR YOUNG CANCER PATIENTS. | $500 |