Nanda Eductional Charitable Tr
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $559.5k
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-6119552
Organization Overview
Nanda Eductional Charitable Tr is located in Fort Myers, FL. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nanda Eductional Charitable Tr 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, Nanda Eductional Charitable Tr generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nanda Eductional Charitable Tr has awarded 93 individual grants totaling $166,551. 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 |
|---|---|---|---|
Ashok K Nanda Trustee | 0 | $0 | |
Michael R Nanda Trustee | 0 | $0 | |
Seema Rihani Executive Di | 0 | $0 | |
Sherry Whitty Organization | 0 | $0 | |
Michele Wicker Director Of | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $401,551 |
| Interest on Savings | $3,605 |
| Dividends & Interest | $7,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,223 |
| Capital Gain Net Income | $5,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,150,672 |
| Total Revenue | $1,578,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $93,177 |
| Other employee salaries and wages | $634,058 |
| Pension plans, employee benefits | $0 |
| Interest | $421 |
| Taxes | $65,237 |
| Depreciation | $0 |
| Occupancy | $107,130 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,053 |
| Other expenses | $151,759 |
| Total operating and administrative expenses | $1,080,416 |
| Contributions, gifts, grants paid | $38,222 |
| Total expenses and disbursements | $1,118,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,749 |
| Savings and temporary cash investments | $16,367 |
| 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 | $1,820 |
| 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 | $1,399,453 |
| 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 | $149,900 |
| Total liabilities | $149,900 |
Grants Awarded
Over the last fiscal year, Nanda Eductional Charitable Tr has awarded $26,001 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FSW PURPOSE: SCHOLARSHIP | $15,000 |
COMMUNITY SCHOOL OF NAPLES PURPOSE: CONTRIBUTION | $5,001 |
CHRISTIN LONG PURPOSE: SCHOLARSHIP | $1,000 |
NAPLES PRESCHOOL PURPOSE: SCHOLARSHIP | $1,000 |
RANDY GREENSTERN PURPOSE: SCHOLARSHIP | $1,000 |
MICHAEL BECHTEL PURPOSE: SCHOLARSHIP | $1,000 |