Mulani Family Foundation
- Assets
- $186.9k
- Revenue
- $39.2k
- Investments
- $90.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-3050968
Organization Overview
Mulani Family Foundation is located in Wilmington, DE. 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. Mulani Family 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 12/2022, Mulani Family Foundation generated $39.2k 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 (47.5%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Narendra Mulani Co- Pres, Dir, Treas | 1 | $0 | |
Nikhil Mulani Dir | 1 | $0 | |
Nita Mulani Co- Pres, Dir, Sec | 1 | $0 | |
Ravi Mulani Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $276 |
| Dividends & Interest | $3,544 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,364 |
| Capital Gain Net Income | $35,364 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,184 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,902 |
| Total operating and administrative expenses | $9,902 |
| Contributions, gifts, grants paid | $310,751 |
| Total expenses and disbursements | $320,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,377 |
| 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 | $186,889 |
| 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, Mulani Family Foundation has awarded $310,751 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AKSHAYA PATRA FOUNDATION USA PURPOSE: FOR MEALS TO VALLABH VIDYALAYA | $18,250 |
CHARITIES AID FOUNDATION AMERICA PURPOSE: DCCW FOR PALNA SUPPORT | $12,500 |
FRIENDS OF TEACH FOR INDIA INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
INDIASPORA PURPOSE: GENERAL & UNRESTRICTED | $17,500 |
PRATHAM USA PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
THE NEW CANAAN COMMUNITY YOUNG MENS CHRISTIAN ASSO PURPOSE: GENERAL & UNRESTRICTED | $2,501 |