Khushalani Foundation
- Assets
- $278.4k
- Revenue
- $77.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Humble, TX
- Founding
- 09/1992
- Data as of
- 12/2021
- EIN
- 76-0345480
Organization Overview
Khushalani Foundation is located in Humble, TX. The organization was established in 1992. 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. Khushalani 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, Khushalani Foundation generated $77.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $64.3k during the year ending 12/2021. While expenses have increased by 29.0% per year over the past 7 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.
Since 2015, Khushalani Foundation has awarded 98 individual grants totaling $160,027. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEWING MACHINE TO UNEMPLOYED PEOPLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashok I Khushalani P/t/d | 2 | $0 | |
Susan J Khushalani S/d | 1 | $0 | |
Meenaksh Akhushalni Dir | 0 | $0 | |
Sunild Khushalani Dir | 0 | $0 | |
Mohan I Khushalani Dir | 0 | $0 | |
Sarla Mkhushalani Dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,917 |
| Interest on Savings | $22 |
| 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 | $77,939 |
| 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 | $655 |
| Total operating and administrative expenses | $1,655 |
| Contributions, gifts, grants paid | $62,606 |
| Total expenses and disbursements | $64,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,355 |
| 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 | $278,355 |
| 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, Khushalani Foundation has awarded $62,606 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
JEEVAN ASHA TRUST PURPOSE: SUPPORTING EDUCATION ADN HEALTH | $20,800 |
SUGARLAND SITARAM TRUST PURPOSE: SUPPORTING PHILANTHROPIC ACTIVITIES | $10,000 |
FEEDING THE HOMELESS PROJECT MISSION PURPOSE: HUMAN SERVICE ORGANIZATIONS - MULTIPURPOSE | $8,816 |
PARMAR HUANITARIAN SERVICE PURPOSE: SUPPORTING HUMANITARIN SERVICE | $4,000 |
Linden, NJ PURPOSE: MENTAL HEALTH SUPPORT PROGRAMS | $3,000 |
SHRI SATYA SAI CENTRAL TRUST PURPOSE: SUPPORTING PHILANTHROPIC ACTIVITIES | $2,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |