Narang Foundation
- Assets
- $436.2k
- Revenue
- $267.2k
- Investments
- $418.9k
- Employees
- 0
- Location
- McLean, VA
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3528357
Organization Overview
Narang Foundation is located in McLean, VA. The organization was established in 2019. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Narang 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, Narang Foundation generated $267.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $218.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Narang Foundation has awarded 47 individual grants totaling $969,227. 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 |
|---|---|---|---|
Charles Narang Director | 0 | $0 | |
Shashi Narang Director | 0 | $0 | |
Dawn Dale Director | 0 | $0 | |
Rajiv K Narang Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,014 |
| Interest on Savings | $57 |
| Dividends & Interest | $7,898 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $159,230 |
| Capital Gain Net Income | $159,230 |
| Net ST Capital Gain | $8,919 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $267,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,688 |
| Contributions, gifts, grants paid | $205,000 |
| Total expenses and disbursements | $218,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,327 |
| 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 | $220,974 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $436,198 |
| 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, Narang Foundation has awarded $205,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LANGLEY SCHOOL PURPOSE: PROGRAM DEVELOPMENT | $49,000 |
LANGLEY RESIDENTIAL SUPPORT SVCES PURPOSE: GENERAL | $10,000 |
THE SAFE CHILDREN FOUNDATION PURPOSE: GENERAL | $10,000 |
HOMESTRETCH INC PURPOSE: GENERAL | $5,000 |
DURGA TEMPLE PURPOSE: GENERAL | $51,000 |
VA PUBLIC ACCESS PROJECT PURPOSE: GENERAL | $5,000 |