Mo & Minno Sambhi Foundation
- Assets
- $1.1m
- Revenue
- $123.2k
- Investments
- $892.5k
- Employees
- 0
- Location
- Cerritos, CA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1375547
Organization Overview
Mo & Minno Sambhi Foundation is located in Cerritos, CA. The organization was established in 2015. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. MO & Minno Sambhi 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 12/2021, MO & Minno Sambhi Foundation generated $123.2k 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 (34.8%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PURPOSE OF THE FOUNDATION IS TO DISCOVER AND ADVANCE INVENTIVE AND EFFECTIVE WAYS OF HELPING PEOPLE HELP THEMSELVES AND THOSE AROUND THEM LEAD PRODUCTIVE AND SATISFYING LIVES BY CONTRIBUTING IN THE FIELD OF EDUCATION AND MEDICAL RESEARCH.IN THE FIELD OF EDUCATION, THE FOUNDATION IS COMMITTED TO BUILDING VIBRANT COMMUNITIES BY INVOLVING PEOPLE OF ALL AGES IN PROGRAMS THAT CONTRIBUTE TO THE REVITALIZATION OF THEIR COMMUNITY AND TO THE WELL-BEING OF ITS RESIDENTS. MOREOVER, THE FOUNDATION IS COMMITTED TO STRENGTHENING THE PROFESSION BY RECOGNIZING AND REWARDING OUTSTANDING EDUCATORS, AND BY EXPANDING THEIR PROFESSIONAL LEADERSHIPAND POLICY INFLUENCE. THE FOUNDATION HOPES TO ATTRACT, DEVELOP, MOTIVATE AND RETAIN THE BEST TALENT TO, AMONG OTHER AREAS, THE TEACHING PROFESSION. THIS WILL STIMULATE CREATIVITY AND PRODUCTIVITY AMONG YOUNG PEOPLE AND ADULTS TH
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANISATION DID NOT UNDERTAKE ANY PROGRAM SERVICES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Navneet Chugh Director | 0 | $0 | |
Navin Doshi Director | 0 | $0 | |
Sonya Doshi-Mccarthy Director | 0 | $0 | |
Manmohan Sarin Director | 0 | $0 | |
Dr Daniel Neuman Director | 0 | $0 | |
Rameshkumar Patel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,183 |
| Total Revenue | $123,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,093 |
| Total operating and administrative expenses | $8,093 |
| Contributions, gifts, grants paid | $1,050,000 |
| Total expenses and disbursements | $1,058,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,431 |
| 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 | $1,113,893 |
| 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 | $416,883 |
| Total liabilities | $416,883 |
Grants Awarded
Over the last fiscal year, Mo & Minno Sambhi Foundation has awarded $1,050,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY BLOOD BANK SOCIETY PURPOSE: FOR BLOOD DONATION FACILITY | $500,000 |
LOTUS PETAL CHARITABLE FOUNDATION PURPOSE: FOR SOUTH ASIAN STUDIES AND RESEARCH | $400,000 |
UCLA PURPOSE: INDIAN MUSIC ENDOWMENT FUND | $145,000 |
CHAIRTY AID FOUNDATION PURPOSE: FOR CHARITY AID FOUNDATION PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |
Northwest Portland Area Indian Health Board Portland, OR | $19,448,584 | $19,071,693 |
Partners In Care Foundation Inc San Fernando, CA | $15,565,465 | $22,096,413 |
Central Neighborhood Health Foundation Los Angeles, CA | $17,013,795 | $24,201,200 |
Vision To Learn Los Angeles, CA | $20,294,711 | $15,923,530 |
Sierra Health Foundation Sacramento, CA | $61,368,491 | $9,085,728 |
National Health Foundation Los Angeles, CA | $35,586,388 | $11,254,179 |
Concern Employee Assistance Program Mountain View, CA | $18,911,914 | $11,122,823 |
Orange County Asian And Pacific Islander Community Alliance Inc Garden Grove, CA | $7,591,281 | $11,752,375 |
The Praxis Project Inc Oakland, CA | $24,229,401 | $22,557,562 |
Curry Community Health Gold Beach, OR | $1,141,639 | $7,562,493 |
Healthy Community Forum For The Greater Sacramento Region Sacramento, CA | $17,518,135 | $11,927,554 |