Sheth Family Private Foundation
- Assets
- $35.2k
- Revenue
- $16.1k
- Investments
- $16.0k
- Employees
- 0
- Location
- Glen Ellyn, IL
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 81-0924819
Organization Overview
Sheth Family Private Foundation is located in Glen Ellyn, IL. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sheth Family Private 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 12/2023, Sheth Family Private Foundation generated $16.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $11.1k during the year ending 12/2023. While expenses have increased by 21.1% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OTHER CHARITABLE ORGANIZATION APPROVED BY IRS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayant Sheth Trustee | 5 | $0 | |
Jyoti Sheth Turstee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $44 |
| Dividends & Interest | $1,007 |
| 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 | $16,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13 |
| Total operating and administrative expenses | $33 |
| Contributions, gifts, grants paid | $11,099 |
| Total expenses and disbursements | $11,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,215 |
| 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 | $35,233 |
| 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, Sheth Family Private Foundation has awarded $8,254 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
RONALD MCDONALD HOUSE CHARITIES PURPOSE: CHARITABLE ORGANIZATION FOR CHICAGOLAND AND NORTHWEST INDIANA FOR CHILDREN MEDICAL TREATMENT | $30 |
ILLINOIS CHARITY BUREAU FUND PURPOSE: ILLINOIS CHARITABLE ORGANIZATION ANNUAL REPORT FEE | $15 |
BHARTIYA SENIOR CITIZENS OF CHICAGO PURPOSE: NON- PROFIT ORGANIZATION, PROVIDE VARIOUS ACTIVITIES, SUBSIDIZED TOURS, GUIDANCE TO SENIORS | $1,800 |
THE SALVATION ARMY PURPOSE: PROVIDE FOOD, SHELTER, CLOTHING TO THE NEEDY PEOPLE | $40 |
EKAL VIDHYALAYA FOUNDATION OF USA PURPOSE: SUPPORT SCHOOLS IN RURAL AREA OF INDIA, EMPOWERMENT TO VILLAGES | $150 |
MEALS ON WHEELS OF NORTHERN ILL PURPOSE: PROVIDE NUTRITIOUS MEALS TO NEEDY OLDER ADULTS IN COMMUNITIES | $70 |