Ankit Memorial Foundation Incorporated
- Assets
- $32.9k
- Revenue
- $8.5k
- Investments
- $3.4k
- Employees
- 0
- Location
- Bridgewater, NJ
- Founding
- 10/2019
- Data as of
- 12/2023
- 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 12/2023, Ankit Memorial Foundation Incorporated generated $8.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $9.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHANTI BHAVAN - SPONSOR TWO UNDERPRIVILEGED CHILDREN FOR THEIR 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 HIGHER EDUCATION
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 |
|---|---|---|---|
Anita Goyal Director | 1 | $0 | |
Aarti Sharma Director | 0.25 | $0 | |
Arun Pareek Director | 0.25 | $0 | |
Keyur Patel Director | 0.2 | $0 | |
Arun Goyal Secretary,trustree | 0.2 | $0 | |
Saloni Goyal Treasurer Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,650 |
| Interest on Savings | $747 |
| Dividends & Interest | $71 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7 |
| Capital Gain Net Income | $7 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,475 |
| 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 | $543 |
| Total operating and administrative expenses | $543 |
| Contributions, gifts, grants paid | $8,600 |
| Total expenses and disbursements | $9,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,970 |
| Savings and temporary cash investments | $26,503 |
| 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 | $32,876 |
| 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 $8,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEWATER RARITAN HIGH SCHOOL PURPOSE: FOR EDUCATION | $800 |
IIMPACT PURPOSE: FOR EDUCATION | $3,700 |
SHANTI BHAVAN PURPOSE: FOR EDUCATION | $4,100 |