Sgng Fundation Corporation
- Assets
- $191.6k
- Revenue
- $3.5m
- Investments
- $189.1k
- Employees
- 0
- Location
- Atherton, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3992835
Organization Overview
Sgng Fundation Corporation is located in Atherton, CA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Sgng Fundation Corporation 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, Sgng Fundation Corporation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.0% each year .
Since 2020, Sgng Fundation Corporation has awarded 21 individual grants totaling $230,700. 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 |
|---|---|---|---|
Nilam Gajwani Chairperson | 10 | $0 | |
Suresh Gajwani Vice Chairperson | 10 | $0 | |
Rajeev Gajwani Secretary | 0 | $0 | |
Seema Gajwani Secretary | 0 | $0 | |
Satyan Gajwani Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,594 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,512,787 |
| Capital Gain Net Income | $3,512,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,516,381 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $35,700 |
| Total expenses and disbursements | $35,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,503 |
| 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 | $189,069 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $191,572 |
| 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, Sgng Fundation Corporation has awarded $35,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INDIA COMMUNITY CENTER PURPOSE: GENERAL SUPPORT | $6,000 |
FUNDACION OE - INNOVALIVE TECHNOLOGY FOR EDUCATION INC PURPOSE: GENERAL SUPPORT | $12,000 |
ANNES KIDS INC PURPOSE: GENERAL SUPPORT | $2,500 |
GRANDFATHER COMMUNITY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $2,500 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $1,500 |
THE SALVATION ARMY PURPOSE: GENERAL SUPPORT | $1,200 |