Simran Foundation
- Assets
- $2.3m
- Revenue
- -$266.5k
- Investments
- $2.2m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4596382
Organization Overview
Simran Foundation is located in Chicago, IL. The organization was established in 2017. 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. Simran 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 2019, Simran Foundation has awarded 39 individual grants totaling $242,520. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seema Bhatia President, Secretary & Dir | 0 | $0 | |
Ariana Bhatia Vice President & Director | 0 | $0 | |
Raj Bhatia Treasurer & Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $662 |
| Dividends & Interest | $25,129 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$292,324 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$266,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,754 |
| Total operating and administrative expenses | $17,328 |
| Contributions, gifts, grants paid | $52,750 |
| Total expenses and disbursements | $70,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,546 |
| 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 | $4,847 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,771 |
| Total assets | $2,285,112 |
| Accounts payable and accrued expenses | $101 |
| 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 | $101 |
Grants Awarded
Over the last fiscal year, Simran Foundation has awarded $52,750 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
A SILVER LINING FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $5,000 |
ADLER PLANETARIUM PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $10,000 |
AMERICAN INDIA FOUNDATION PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $10,000 |
AROGYA WORLD PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $5,000 |
CHICAGO SCHOLARS PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $10,000 |
RICE 360 PURPOSE: TO SUPPORT THE MISSION OF THE CHARITABLE ORGANIZATION. | $2,500 |