Shahani Family Foundation
- Assets
- $3.0m
- Revenue
- $245.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 12/2022
- EIN
- 87-3342516
Organization Overview
Shahani Family Foundation is located in Austin, TX. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, 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. Shahani 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 12/2022, Shahani Family Foundation generated $245.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (71.2%) each year. All expenses for the organization totaled $271.9k during the year ending 12/2022. 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 |
|---|---|---|---|
Sapan Shahani President | 5 | $0 | |
Hasmita Shahani Secretary | 2 | $0 | |
Ajit Shahani Vice President | 2 | $0 | |
Neelam Shahani Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $261 |
| Dividends & Interest | $93,438 |
| 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 | $2,179 |
| Total Revenue | $245,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $63 |
| Taxes | $861 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,086 |
| Total operating and administrative expenses | $46,232 |
| Contributions, gifts, grants paid | $225,630 |
| Total expenses and disbursements | $271,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,249 |
| Savings and temporary cash investments | $6,743 |
| 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 | $2,217,135 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,035,042 |
| 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 | $103,500 |
| Total liabilities | $103,500 |
Grants Awarded
Over the last fiscal year, Shahani Family Foundation has awarded $225,630 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL OPERATIONS | $103 |
ANANDA CHURCH OF SELF REALIZATION PURPOSE: GENERAL OPERATIONS | $150,178 |
BOOKWALLAH PURPOSE: GENERAL OPERATIONS | $5,000 |
ANANDA CHURCH OF SELF REALIZATION TEXAS PURPOSE: GENERAL OPERATIONS | $1,100 |
LAKE PARK PARENT TEACHER ORGANIZATION PURPOSE: GENERAL OPERATIONS | $5,000 |
CRADLES TO CRAYONS PURPOSE: GENERAL OPERATIONS | $5,000 |