Singal Family Foundation
- Assets
- $2.1m
- Revenue
- $2.2m
- Investments
- $2.1m
- Employees
- 0
- Location
- Blacksburg, VA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3813777
Organization Overview
Singal Family Foundation is located in Blacksburg, VA. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Singal 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 12/2021, Singal Family Foundation generated $2.2m in total revenue. All expenses for the organization totaled $111.8k during the year ending 12/2021.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTION TO VIRGINIA TECH FOUNDATION
CONTRIBUTION TO AID INDIA
CONTRIBUTION TO AMERICAN LUNG ASSOCIATION
CONTRIBUTION TO GLOBAL GIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashish Singal Treasurer | 0 | $0 | |
Vijay Singal President | 2 | $0 | |
Manisha Singal Secretary | 0 | $0 | |
Akshay Singal Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,181,549 |
| Interest on Savings | $15 |
| Dividends & Interest | $10,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,591 |
| Capital Gain Net Income | $50,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,242,936 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $468 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,861 |
| Contributions, gifts, grants paid | $108,904 |
| Total expenses and disbursements | $111,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,627 |
| 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 | $2,084,743 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,104,370 |
| 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, Singal Family Foundation has awarded $108,904 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Blacksburg, VA PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $105,825 |
AID INDIA PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $1,501 |
Chicago, IL PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $651 |
GLOBAL GIVING PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $268 |
NEW YORK PUBLIC LIBRARY PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $160 |
YMCA PURPOSE: CASH CONTRIBUTION FOR SUPPORT | $147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
Wnc Bridge Foundation Asheville, NC | $146,559,840 | $12,380,465 |
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
Kermit G Phillips Ii Charitable Tr Greensboro, NC | $71,515,607 | $5,235,464 |
Troon Foundation Elon, NC | $48,656,909 | $2,507,639 |
Glass Family Foundation Inc Asheville, NC | $24,447,807 | $3,179,935 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |