Aimtron Foundation
- Assets
- $262.8k
- Revenue
- $250.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Palatine, IL
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-2151209
Organization Overview
Aimtron Foundation is located in Palatine, IL. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aimtron 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, Aimtron Foundation generated $250.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $157.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mukesh Vasani President | 1 | $0 | |
Dhruti Vasani Vice President | 1 | $0 | |
Bhanu Vasani Secretary | 1 | $0 | |
Nirmal Vasani Treasurer | 1 | $0 | |
Sahana Hegde Executive Director | 10 | $2,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,500 |
| Interest on Savings | $0 |
| 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 | $250,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,925 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $29,275 |
| Travel, conferences, and meetings | $5,715 |
| Printing and publications | $0 |
| Other expenses | $2,103 |
| Total operating and administrative expenses | $54,554 |
| Contributions, gifts, grants paid | $103,000 |
| Total expenses and disbursements | $157,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,762 |
| 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 | $262,762 |
| 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, Aimtron Foundation has awarded $103,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DEVOTIONAL ASSOCIATES OF YOGESHWAR PURPOSE: IN SUPPORT OF ORGANIZATION'S MISSION | $100,000 |
HANUMAN TEMPLE PURPOSE: IN SUPPORT OF ORGANIZATION'S MISSION | $500 |
ST BALDRICKS FOUNDATION PURPOSE: IN SUPPORT OF ORGANIZATION'S MISSION | $2,500 |