Aggarwal & Gupta Family Foundation Inc
- Assets
- $50.5m
- Revenue
- $1.9m
- Investments
- $30.4m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 10/2001
- Data as of
- 11/2021
- EIN
- 59-3623323
Organization Overview
Aggarwal & Gupta Family Foundation Inc is located in Orlando, FL. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Aggarwal & Gupta Family 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, Aggarwal & Gupta Family Foundation Inc has awarded 22 individual grants totaling $2,399,806. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO MAKE GRANTS TO SEVEN SPECIFIED PUBLIC CHARITIES AND ORGANIZATIONS SUPPORTED BY THESE SPECIFIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYMENT TO PARAM SHAKTI PEET TO PROVIDE VEDIC/HINDU CULTURAL EDUCATION.
PAYMENT TO HINDU UNIVERSIY OF AMERICA, INC. TO PROVIDE VEDIC/HINDU CULTURAL EDUCATION.
PAYMENT TO EKAL VIDYALAYA FOUNDATION, TO PROVIDE VEDIC/HINDU CULTURAL EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Braham Aggarwal Chairman Of The Board | OfficerTrustee | 3 | $0 |
Shuresh Gupta Treasurer | OfficerTrustee | 1 | $0 |
Abhinav Dwivedi President/secretary | OfficerTrustee | 1 | $0 |
Mark Brewer Vice President | OfficerTrustee | 1 | $0 |
Dr Chandresh Saraiya Director | Trustee | 1 | $0 |
Chandrakant Patel Director | Trustee | 1 | $0 |
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 | $770,000 |
| Noncash contributions included in lines 1a–1f | $770,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,000 |
| Total Program Service Revenue | $0 |
| Investment income | $291,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$175,947 |
| Net Gain/Loss on Asset Sales | $972,689 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,858,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $940,601 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $59,547 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,044 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,066,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,494 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,629,087 |
| Investments—publicly traded securities | $14,293,753 |
| Investments—other securities | $30,419,465 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307,660 |
| Total assets | $50,500,972 |
| Accounts payable and accrued expenses | $8,715 |
| 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 | $2,005,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,000 |
| Total liabilities | $2,016,715 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $48,484,257 |
| Total liabilities and net assets/fund balances | $50,500,972 |
Grants Awarded
Over the last fiscal year, Aggarwal & Gupta Family Foundation Inc has awarded $927,601 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Coral Springs, FL PURPOSE: GENERAL SUPPORT TOWARDS THE ORGANIZATION'S EXEMPT PURPOSE | $601,500 |
Orlando, FL PURPOSE: THE ORGANIZATION IS A SUPPORTED ORGANIZATION WITH THE OPERATION WITH THE OPTION TO DONATE OTHER 501(C)3 ORGANIZATIONS | $200,000 |
Maitland, FL PURPOSE: GENERAL SUPPORT TOWARDS THE ORGANIZATION'S EXEMPT PURPOSE | $57,000 |
Houston, TX PURPOSE: GENERAL SUPPORT TOWARDS THE ORGANIZATION'S EXEMPT PURPOSE | $50,000 |
Troy, MI PURPOSE: GENERAL SUPPORT TOWARDS THE ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
Lake Mary, FL PURPOSE: GENERAL SUPPORT TOWARDS THE ORGANIZATION'S EXEMPT PURPOSE | $9,101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |