Jala Foundation Inc
- Assets
- $40.0k
- Revenue
- $5.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhasset Hills, NY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 47-1492508
Organization Overview
Jala Foundation Inc is located in Manhasset Hills, NY. The organization was established in 2014. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jala 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, Jala Foundation Inc generated $5.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $556.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manish Majithia President | 0 | $0 | |
Sejal Majithia Director | 0 | $0 | |
Akash Majithia Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000 |
| 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 | $0 |
| Total Revenue | $5,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $100 |
| Contributions, gifts, grants paid | $456 |
| Total expenses and disbursements | $556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,026 |
| 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 | $40,026 |
| 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, Jala Foundation Inc has awarded $4,651 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SIDDHACHALAM JAIN TIRTH PURPOSE: CHARITABLE | $100 |
ST JUDE PURPOSE: CHARITABLE | $100 |
SHREE SWAMINARAYAN TEMPLE PURPOSE: CHARITABLE | $571 |
HITEN LAKHANI PURPOSE: CHARITABLE | $500 |
WNYC PURPOSE: CHARITABLE | $10 |
JAIN TEMPLE OF NEW YORK PURPOSE: CHARITABLE | $3,370 |