Anil & Kumud Bansal Foundation A Nj Nonprofit Corporation
- Assets
- $12.2k
- Revenue
- $600.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lyndhurst, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 88-1712092
Organization Overview
Anil & Kumud Bansal Foundation A Nj Nonprofit Corporation is located in Lyndhurst, NJ. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anil & Kumud Bansal Foundation A NJ Nonprofit Corporation 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, Anil & Kumud Bansal Foundation A NJ Nonprofit Corporation generated $600.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.8% each year . All expenses for the organization totaled $600.1k during the year ending 12/2023. While expenses have increased by 64.1% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IIT KANPUR 3790 EL CAMINO REAL, #1038 PALO ALTO CA 94306
FEDERATION OF INDIAN ASSOCIATIONS 37-05 74TH STREET 2ND FLR, JACKSON HEIGHTS NEW YORK NY 11372
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil Bansal President | 1 | $0 | |
Kumud Bansal VP | 0.5 | $0 | |
Thomas Napolitano Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $0 |
| 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 | $600,000 |
| 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 | $75 |
| Total operating and administrative expenses | $75 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $600,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,150 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $12,150 |
| 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, Anil & Kumud Bansal Foundation A Nj Nonprofit Corporation has awarded $220,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FEDERATION OF INDIAN ASSOCIATIONS PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $20,000 |
IIT KANPUR PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE DONEE'S EXEMPT PURPOSE | $200,000 |