Rajiv & Caroline Shah Caritable Foundation Inc
- Assets
- $277.6k
- Revenue
- $2.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Rancho Palos Verdes, CA
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 91-2172765
Organization Overview
Rajiv & Caroline Shah Caritable Foundation Inc is located in Rancho Palos Verdes, CA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Rajiv & Caroline Shah Caritable Foundation Inc 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, Rajiv & Caroline Shah Caritable Foundation Inc generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (30.0%) each year. All expenses for the organization totaled $19.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rajiv & Caroline Shah Caritable Foundation Inc has awarded 95 individual grants totaling $182,806. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAXPAYER MADE GRANTS TO CHARITABLE ORGANIZATIONS QUALIFYING UNDER INTERNAL REVENUE CODE SECTION 501(C)(3)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajiv V Shah President & CEO | 2 | $0 | |
Caroline Mackiewicz Shah Vp/sec/cfo | 2 | $0 | |
James F Wierski Director | 1 | $0 | |
Cathy Schwartz Director | 1 | $0 | |
Carla Mackey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,001 |
| Interest on Savings | $7 |
| 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 | $2,008 |
| 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 | $1,923 |
| Total operating and administrative expenses | $6,374 |
| Contributions, gifts, grants paid | $13,001 |
| Total expenses and disbursements | $19,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891 |
| Savings and temporary cash investments | $48,127 |
| 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 | $228,603 |
| Total assets | $277,621 |
| 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, Rajiv & Caroline Shah Caritable Foundation Inc has awarded $13,001 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PENINSULA EDUCATION FOUNDATION PURPOSE: FOR EDUCATION OF CHILDREN | $500 |
RANCHO SAN ANTONIO BOYS TOWN PURPOSE: FOR ASSISTANCE TO BOYS IN CRISIS | $1,000 |
AMERICAN RED CROSS LOS ANGELES PURPOSE: FOR ASSISTANCE OF DISASTER VICTIMS | $1,000 |
ALFRED MANN FDN FOR SCIENTIFIC RESE PURPOSE: FOR SCIENTIFIC RESEARCH | $500 |
AMERICAN DIABETES ASSOCIATION PURPOSE: FOR RESEARCH FOR THE CURE OF DIABETES | $500 |
THE LIFE GROUP LA PURPOSE: FOR ASSISTANCE OF HIV/AIDS PATIENTS | $1,000 |