The@arhant Social Foundation Inc
- Assets
- $10.0m
- Revenue
- -$68.7k
- Investments
- $5.4m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 54-1973018
Organization Overview
The@arhant Social Foundation Inc is located in Newton, MA. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. The@arhant Social 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.
Since 2015, The@arhant Social Foundation Inc has awarded 56 individual grants totaling $1,204,115. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DONATES TO VARIOUS ORGANIZATIONS TO PROMOTE LOCAL ARTS, CULTURE AND ENTERTAINMENT, AS WELL AS STRIVING TO IMPROVE THE LIVES OF INTERNATIONAL CHILDREN IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Prabhat Jain President And Director | 0.5 | $0 | |
Santosh Jain Director | 0 | $0 | |
Meenakshi Jain Secretary And Director | 0.5 | $0 | |
Bharati Jain Director | 0.5 | $0 | |
Neerja Jain Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46,864 |
| Dividends & Interest | $186,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$302,387 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $352 |
| Total Revenue | -$68,709 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,743 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $42,059 |
| Contributions, gifts, grants paid | $467,431 |
| Total expenses and disbursements | $509,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,957 |
| Savings and temporary cash investments | $4,523,415 |
| 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 | $9,957,177 |
| 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, The@arhant Social Foundation Inc has awarded $467,431 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UNICEF PURPOSE: HUMANITARIAN SUPPORT FOR CHILDREN | $225,000 |
ROANOKE AREA MINISTRIES PURPOSE: SUPPORT FOR HOMELESS POPULATION IN ROANOKE, VA | $10,000 |
GUARDIANS OF EFFINGHAM ANIMAL RESERVE PURPOSE: ANIMAL RESCUE | $2,000 |
CHARITY GLOBAL INC PURPOSE: IMPROVE WATER ACCESS IN RURAL/ARID AREAS WHERE WATER SCARCITY IS A PROBLEM | $10,000 |
THE SAMUEL L ASBURY FOUNDATION PURPOSE: METAL HEALTH AWARENESS AND SUICIDE PREVENTION | $1,000 |
POLARIS PROJECT PURPOSE: SUPPORT FOR ANTI-TRAFFICKING MEASURES | $20,000 |