Ask Kothari Foundation Inc
- Assets
- $1.7m
- Revenue
- $53.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2757715
Organization Overview
Ask Kothari Foundation Inc is located in New York, NY. The organization was established in 2019. 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. Ask Kothari 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 12/2022, Ask Kothari Foundation Inc generated $53.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.9%) each year. All expenses for the organization totaled $118.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ask Kothari Foundation Inc has awarded 21 individual grants totaling $299,427. 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 |
|---|---|---|---|
Atul Kothari President | 2 | $0 | |
Priti Kothari Secretary | 2 | $0 | |
Sahil Kothari Vice President | 2 | $0 | |
Nandini Doshi Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,845 |
| Dividends & Interest | $29,074 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,834 |
| Capital Gain Net Income | $22,834 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,257 |
| Total operating and administrative expenses | $17,087 |
| Contributions, gifts, grants paid | $101,001 |
| Total expenses and disbursements | $118,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $1,713,634 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,713,634 |
| 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, Ask Kothari Foundation Inc has awarded $101,001 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AKSHAYA PATRA USA PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $35,001 |
FRIENDS OF ARCH PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $1,000 |
JOY OF SHARING FOUNDATION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $10,000 |
SHARE & CARE FOUNDATION PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $2,000 |
QUEENS DEFENDERS PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $15,000 |
EKAL VIDYALAYA FOUNDATION OF USA PURPOSE: FOR GENERAL CHARITABLE PURPOSES | $4,000 |