Hirani Platinum Corporation
- Assets
- $1.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Sugar Land, TX
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-2203906
Organization Overview
Hirani Platinum Corporation is located in Sugar Land, TX. The organization was established in 2014. According to its NTEE Classification (K30) the organization is classified as: Food Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Hirani Platinum Corporation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hirani Platinum Corporation 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 12/2021, Hirani Platinum Corporation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.4% each year . All expenses for the organization totaled $5.8m during the year ending 12/2021. While expenses have increased by 51.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHILD AND ADULT CARE FOOD PROGRAM WITH THE TEXAS DEPARTMENT OF AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILD CARE AND ADULT FOOD PROGRAM WITH THE TEXAS DEPARTMENT OF AGRICULTURE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kashif Hirani Director | Officer | 40 | $90,765 |
Ashique Hirani Manager | 40 | $67,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,861,042 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,861,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,017,268 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $157,786 |
| Compensation of current officers, directors, key employees. | $157,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $414,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $43,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,874 |
| Office expenses | $8,986 |
| Information technology | $52,510 |
| Royalties | $0 |
| Occupancy | $49,841 |
| Travel | $11,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,897 |
| All other expenses | $0 |
| Total functional expenses | $5,819,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $704,030 |
| Loans from Officers, Directors, or Controlling Persons | $101 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,977 |
| Total assets | $1,065,484 |
| Accounts payable and accrued expenses | $609,566 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,017 |
| Other liabilities | $178,560 |
| Total liabilities | $938,143 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $127,341 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,065,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Food Program Of Texas Inc Katy, TX | $2,267,429 | $15,674,535 |
Daily Bread Ministries San Antonio, TX | $4,937,489 | $11,900,194 |
Nutrition Healthy Choice Of Monroe Inc Monroe, LA | $818,983 | $10,631,846 |
Harvest Texarkana Texarkana, AR | $7,563,081 | $9,692,517 |
Hill Country Daily Bread Boerne, TX | $10,371,111 | $8,829,768 |
Food And Nutrition Solutions Lufkin, TX | $1,029,014 | $7,178,207 |
Anita Moreau Food Program Specialist New Caney, TX | $4,469 | $5,866,512 |
St Amants Dch Inc Denham Springs, LA | $430,763 | $6,135,136 |
Nar Incorporated Edinburg, TX | $648,634 | $6,048,802 |
Hirani Platinum Corporation Sugar Land, TX | $1,065,484 | $5,861,042 |
Womens Foodservice Forum Dallas, TX | $6,585,454 | $5,015,732 |
Arkansas Hunger Relief Alliance Inc Little Rock, AR | $5,411,113 | $5,176,832 |