Bhawan Family Charitable Foundation
- Assets
- $508.3k
- Revenue
- -$37.6k
- Investments
- $470.6k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-1251751
Organization Overview
Bhawan Family Charitable Foundation is located in Boston, MA. The organization was established in 2016. 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. Bhawan Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Bhawan Family Charitable Foundation has awarded 29 individual grants totaling $124,607. 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
NONE ONLY MADE DONATIONS TO OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jag Bhawan President | 0.5 | $0 | |
Pratibha Bhawan Clerk | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $56 |
| Dividends & Interest | $8,703 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$46,377 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$37,618 |
| 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 | $0 |
| Total operating and administrative expenses | $1,461 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $37,699 |
| 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 | $508,301 |
| 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, Bhawan Family Charitable Foundation has awarded $62,606 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE PUBLIC GARDEN PURPOSE: GENERAL CHARITABLE PURPOSE | $106 |
EKAL VIDYALAYA PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
BOSTON UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $25,000 |
GIVE INDIA PURPOSE: GENERAL CHARITABLE PURPOSES | $6,500 |
PAYPAL GIVING FUND PURPOSE: GENERAL CHARITABLE PURPOSES | $1,000 |
AKSHAYA PATRA FOCANOGA PARK PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000 |