Shah Foundation Inc
- Assets
- $262.5k
- Revenue
- $71.5k
- Investments
- $160.0k
- Employees
- 0
- Location
- Wesley Chapel, FL
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-1610458
Organization Overview
Shah Foundation Inc is located in Wesley Chapel, FL. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shah 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 12/2021, Shah Foundation Inc generated $71.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $13.2k during the year ending 12/2021. While expenses have increased by 17.8% per year over the past 3 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN ACROSS BORDERS
BALTIMORE COUNTY MD SENIORS IN NEED FUND
AREA AGENCY ON AGING FOR PASCO PINELLAS
JUVENILE DIABETES RESEARCH FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narendra M Shah President | 4 | $0 | |
Mona D Shah Vice President | 1 | $0 | |
Manish D Shah Secretary | 1 | $0 | |
Neil K Kamdar Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,250 |
| Interest on Savings | $8 |
| Dividends & Interest | $4,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,396 |
| Capital Gain Net Income | $36 |
| Net ST Capital Gain | $1 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $97 |
| Total Revenue | $71,455 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $125 |
| Contributions, gifts, grants paid | $13,101 |
| Total expenses and disbursements | $13,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,465 |
| 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 | $262,496 |
| 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, Shah Foundation Inc has awarded $13,101 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE COUNTY MD SENIORS IN NEED PURPOSE: FINANCIAL ASSISTANCE TO SENIORS IN NEED | $2,500 |
AREA AGENCY ON AGING PASCO PINELLAS PURPOSE: FINANCIAL ASSISTANCE UNMET NEEDS OF SENIORS | $2,500 |
JUVENILE DIABETES RESEARCH FOUNDATI PURPOSE: SUPPORT DIABETES RESEARCH AND MGMT | $2,500 |
EKAL VIDYALAYA FOUNDATION OF USA PURPOSE: SUPPORT RURAL EDUCATION IN INDIA | $1,000 |
BIDADA INTERNATIONAL PURPOSE: FINANCIAL SUPPORT FOR MEDICAL AND SURGICAL CAMP IN KUTCH GUJARAT INDIA | $1,000 |
CHLDREN ACROSS BORDERS PURPOSE: FINANCIAL SUPPORT TO CHARITIES FOCUSED ON CHILDREN | $2,000 |