Ankit Memorial Foundation Incorporated
- Assets
- $33.5k
- Revenue
- $8.6k
- Investments
- $5.3k
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-4561623
Organization Overview
Ankit Memorial Foundation Incorporated is located in Bridgewater, NJ. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ankit Memorial Foundation Incorporated 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, Ankit Memorial Foundation Incorporated generated $8.6k 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 (26.2%) each year. All expenses for the organization totaled $8.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHANTI BHAVAN - SPONSOR TWO UNDERPRIVILEGED CHILDREN AT SHANTI BHAVAN FOR THEIR HIGH SCHOOL EDUCATION FOR A YEAR.
IIMPACT - GRANT TO SUPPORT 2 EDUCATION CENTERS FOR EDUCATION OF 30 UNDERPRIVILEGED GIRLS PER CENTER FOR A YEAR
BRHS FUND- SCHOLARSHIP TO ONE STUDENT FOR EXCELLENCE AND DEDICATION TO PUBLIC FORUM DEBATE TO BE USED TOWARDS EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arun Pareek Director | 0.5 | $0 | |
Arun Goyal Secretary,trustree | 0.5 | $0 | |
Aarti Sharma Director | 0.5 | $0 | |
Anita Goyal Director | 2 | $0 | |
Keyur Patel Director | 0.5 | $0 | |
Saloni Goyal Treasurer Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,350 |
| Interest on Savings | $185 |
| Dividends & Interest | $34 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31 |
| Capital Gain Net Income | $31 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,600 |
| 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 | $292 |
| Total operating and administrative expenses | $292 |
| Contributions, gifts, grants paid | $8,481 |
| Total expenses and disbursements | $8,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,190 |
| Savings and temporary cash investments | $22,012 |
| 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 | $33,544 |
| 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, Ankit Memorial Foundation Incorporated has awarded $8,481 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SHANTI BHAVAN PURPOSE: FOR EDUCATION OF CHILDREN | $3,780 |
IIMPACT PURPOSE: FOR PRIMARY EDUCATIOM | $3,700 |
BRIDGEWATER RARITAN HIGH SCHOOL PURPOSE: SCHOLARSHIP FOR EDUCATION | $800 |
JKYOG PURPOSE: FOR EDUCATION | $201 |
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|---|---|---|
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