Ravi & Naina Patel Foundation
- Assets
- $0.0
- Revenue
- $12.5m
- Investments
- $24.7m
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 05/1999
- Data as of
- 12/2020
- EIN
- 77-0490360
Organization Overview
Ravi & Naina Patel Foundation is located in Bakersfield, CA. The organization was established in 1999. 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. Ravi & Naina Patel 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 12/2020, Ravi & Naina Patel Foundation generated $12.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 64.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ravi & Naina Patel Foundation has awarded 50 individual grants totaling $4,363,383. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amar Patel President/direc | 10 | $60,000 | |
Ravi Patel President/direc | 2 | $0 | |
Naina Patel Vice President/ | 5 | $0 | |
Pritesh Patel CFO / Director | 2 | $0 | |
Neeraj Rama Director | 2 | $0 | |
Rishi Patel Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,752,451 |
| Interest on Savings | $11,922 |
| Dividends & Interest | $116,677 |
| Profit on Inventory Sales | $403,851 |
| Other Income | $55,956 |
| Total Revenue | $12,463,062 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $502,973 |
| Contributions, gifts, grants paid | $1,278,579 |
| Total expenses and disbursements | $1,781,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,601,647 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,749,075 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $226,017 |
Grants Awarded
Over the last fiscal year, Ravi & Naina Patel Foundation has awarded $3,084,604 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
FLOOD MINISTRIES PURPOSE: LINKING PEOPLE EXPERIENCING HOMELESSNESS WITH RESOURCES TO TRANSITIONS OFF THE STREETS INTO STABLE HOUSING. | $387,425 |
Bakersfield, CA PURPOSE: GENERAL SUPPORT | $307,400 |
Fairfield, IA PURPOSE: TO SECURE PEACE,AFFLUENCE AND INVINCIBILITY FOR LIFE EVERYWHERE ON EARTH BY PROVIDING PREPETUAL SUPPORT FOR LARGE GROUPS PRACTICING TRANSENDENTAL MEDITATION. | $282,600 |
Longmont, CO PURPOSE: GENERAL SUPPORT | $250,000 |
THE GOOD FOOD INSTITUTE PURPOSE: TO SUPPORT A FOOD SYSTEM THAT WILL FEED OUR GROWING POPULATION, MITIGATE THE HARMS OF CLIMATE CHANGE, AND ALLOW ANIMALS AND ECOSYSTEMS AROUND THE WORLD TO RECOVER AND THRIVE. | $250,000 |
GIVE WELL PURPOSE: MAXIMUM IMPACT FUND | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ravi & Naina Patel Foundation has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Shri Padmavati Shakti Peeth Inc Syosset, NY PURPOSE: CHARITY | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |