Baru And Prem Goyal Foundation
- Assets
- $615.4k
- Revenue
- $378.1k
- Investments
- $364.5k
- Employees
- 0
- Location
- Houston, TX
- Founding
- Data as of
- 12/2021
- EIN
- 85-3519544
Organization Overview
Baru And Prem Goyal Foundation is located in Houston, TX. 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. Baru And Prem Goyal 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 12/2021, Baru And Prem Goyal Foundation generated $378.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.0% each year .
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED ON SEPTEMBER 242020 AND WE WERE WAITING FOR ACCEPTANCE AS A NON PROFIT FROM YOUR DEPARTMENTAS SUCHTHE CONTRIBUTION WAS MADE IN
DECEMBER 2020THE ACCEPTANCE FROM YOUR DEPARTMENT CAME ON APRIL 212021
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $376,022 |
| Interest on Savings | $0 |
| Dividends & Interest | $100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,000 |
| Total Revenue | $378,122 |
| 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 | $20 |
| Total operating and administrative expenses | $20 |
| Contributions, gifts, grants paid | $12,658 |
| Total expenses and disbursements | $12,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,992 |
| 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 | $364,452 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $615,444 |
| 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, Baru And Prem Goyal Foundation has awarded $12,658 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Katy, TX PURPOSE: SOCIALYOUTH AWARENESS | $10,000 |
Katy, TX PURPOSE: SOCIALYOUTH AWARENESS | $1,500 |
HINDU WORSHIP SOCIETY PURPOSE: RELIGIOUS | $1,008 |
HSS PURPOSE: SOCIALCULTURAL | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Families & Youth Inc Las Cruces, NM | $11,381,645 | $11,555,132 |
Lawrence Hall Health & Rehabilitation Walnut Ridge, AR | $6,640,497 | $11,158,374 |
Central Texas Opportunities Inc Coleman, TX | $2,982,785 | $9,804,598 |
Cross Creek Ranch Community Association Pipe Creek, TX | $12,075,216 | $10,341,783 |
Santa Maria El Mirador Santa Fe, NM | $9,562,818 | $9,385,452 |
Gulf Coast Housing Partnership Inc New Orleans, LA | $98,649,840 | $19,557,129 |
St Mary Community Action Committee Assn Inc Franklin, LA | $7,542,840 | $9,452,214 |
Yes On 805 Inc Oklahoma City, OK | $75,415 | $8,941,808 |
Economic Council Helping Others Inc Farmington, NM | $2,557,236 | $9,151,934 |
Food Bank Of Northeast Louisiana Inc Monroe, LA | $10,830,084 | $9,777,150 |
El Paso Human Services Inc El Paso, TX | $2,048,465 | $8,690,274 |
La Esperanza Clinic Inc San Angelo, TX | $7,768,382 | $8,258,391 |