Gabani Family Foundation
- Assets
- $181.5k
- Revenue
- $150.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Wylie, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-3153714
Organization Overview
Gabani Family Foundation is located in Wylie, TX.
For the year ending 12/2022, Gabani Family Foundation generated $150.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $79.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED SOCKS TO HOMELESS POPULATION IN AUSTIN TX AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nayanaben Gabani Trustee | 15 | $18,000 | |
Shantilal Gabani Trustee | 15 | $18,000 | |
Disha Miyani Trustee | 10 | $0 | |
Prashant Gabani Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $23 |
| Dividends & Interest | $0 |
| 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 | $0 |
| Total Revenue | $150,023 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $6,477 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,958 |
| Printing and publications | $0 |
| Other expenses | $4,103 |
| Total operating and administrative expenses | $62,665 |
| Contributions, gifts, grants paid | $16,636 |
| Total expenses and disbursements | $79,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,639 |
| 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 | $0 |
| Net Land, buildings, and equipment | $59,272 |
| Other assets | $14,583 |
| Total assets | $181,494 |
| Accounts payable and accrued expenses | $4,498 |
| 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 | $6,299 |
| Total liabilities | $10,797 |
Grants Awarded
Over the last fiscal year, Gabani Family Foundation has awarded $16,636 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BAPS CHARITIES PURPOSE: FULFILL THE MISSION OF THE CHARITABLE ORGANIZATION | $6,381 |
PRIYA PATEL PURPOSE: EDUCATIONAL SCHOLARSHIP | $6,083 |
SPCS ORGANIZATION PURPOSE: FULFILL MISSION OF THE CHARITY | $1,493 |
Austin, TX PURPOSE: FULFILL MISSION OF THE CHARITY | $1,000 |
ASTRO ROI PURPOSE: FULFILL MISSION OF THE CHARITY | $699 |
Richardson, TX PURPOSE: FULFILL THE MISSION OF THE ORGANIZATION | $500 |
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|---|---|---|
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Tcs Education - Texas Inc Richardson, TX | $4,390,066 | $6,478,064 |
Woodforest Owners Association Inc Houston, TX | $5,341,273 | $9,874,039 |
Agape Clinic Dallas, TX | $4,338,291 | $10,801,947 |
St Joseph Manor Bryan, TX | $14,734,053 | $6,915,192 |
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Westwood Country Club Of Austin Austin, TX | $19,117,488 | $10,380,550 |