Pranan Foundation Inc
- Assets
- $4.1m
- Revenue
- $859.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Sandy Springs, GA
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3201792
Organization Overview
Pranan Foundation Inc is located in Sandy Springs, GA. The organization was established in 2018. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Pranan Foundation Inc 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 12/2021, Pranan Foundation Inc generated $859.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $107.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Pranan Foundation Inc has awarded 49 individual grants totaling $205,100. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vikas Verma President | 1 | $0 | |
Priyanka Verma Treasurer | 1 | $0 | |
Achala Verma Vice President | 1 | $0 | |
Ritu V Gordon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $900,214 |
| Interest on Savings | $1,801 |
| Dividends & Interest | $27,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$69,941 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $859,709 |
| 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 | $45 |
| Total operating and administrative expenses | $9,375 |
| Contributions, gifts, grants paid | $98,001 |
| Total expenses and disbursements | $107,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,358,653 |
| 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 | $75,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,077,050 |
| 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 | $6,264 |
| Total liabilities | $6,264 |
Grants Awarded
Over the last fiscal year, Pranan Foundation Inc has awarded $98,001 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
Dunwoody, GA PURPOSE: GENERAL FUNDING | $11,000 |
NAMC PURPOSE: GENERAL FUNDING | $10,000 |
IACA SCHOLARSHIP FUND PURPOSE: GENERAL FUNDING | $10,000 |
New York, NY PURPOSE: SUPPORT FOR RESEARCH | $5,000 |
RONALD MCDONALD HOUSE - ATLANTA PURPOSE: GENERAL SUPPORT FOR ATLANTA | $5,000 |
MEDSHARE PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Bankers Association Group Benefits Trust Orlando, FL | $33,617,508 | $79,896,107 |
Lettie Pate Whitehead Foundation Inc Atlanta, GA | $545,577,272 | $201,098,940 |
Mitchell Wolfson Sr Foundation Miami, FL | $245,881,118 | $51,380,734 |
Sudco Inc & Affiliates Voluntary Empl Beneficiary Association Tr Jacksonville, FL | $1,629,809 | $12,527,671 |
Lucille S Beeson Charitable Remainder 66 1055001761 Birmingham, AL | $200,434,362 | $15,901,903 |
South Carolina Automobile Dealers Trust Columbia, SC | $615,773 | $12,853,378 |
Walter R Ferguson Charitable Foundation Charitable Foundation Fort Lauderdale, FL | $0 | $613,063 |
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
Telford Foundation Inc Naples, FL | $77,208,801 | $5,161,589 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Wanda And James M Moran Jr Foundation Inc Deerfield Beach, FL | $6,609,461 | $5,004,559 |
Yarim Foundation Boca Raton, FL | $1,467,226 | $2,520,229 |