Atul & Raju Vachhani Foundation
- Assets
- $171.3k
- Revenue
- $54.1k
- Investments
- $121.1k
- Employees
- 0
- Location
- Arroyo Grande, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3795498
Organization Overview
Atul & Raju Vachhani Foundation is located in Arroyo Grande, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Atul & Raju Vachhani 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 12/2023, Atul & Raju Vachhani Foundation generated $54.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $19.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Atul Vachhani President | 2 | $0 | |
Raju Vachhani Secretary | 2 | $0 | |
Sujay Vachhani Treasurer | 1 | $0 | |
Sarina Vachhani Treasurer | 1 | $0 | |
Mital Makadia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $922 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,131 |
| Capital Gain Net Income | $3,131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $54,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,900 |
| Total operating and administrative expenses | $4,146 |
| Contributions, gifts, grants paid | $15,750 |
| Total expenses and disbursements | $19,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $50,000 |
| 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 | $171,251 |
| 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, Atul & Raju Vachhani Foundation has awarded $15,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KPSNA CHARITABLE FOUNDATION INC PURPOSE: PROVIDING ACCESS TO AFFORDABLE AND QUALITY EDUCATION TO STUDENTS WITH LIMITED OR NO ECONOMIC RESOURCES. | $15,500 |
CAL POLY UNIVERSITY SLO PURPOSE: PROVIDING FUNDS FOR CULTURAL EDUCATION TO STUDENTS WITH LIMITED OR NO ECONOMIC RESOURCES. | $250 |