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Gurnani Foundation FY2020 filing

Tax-deductible

Secaucus, NJ501(c)(3)Foundations & GrantmakersEIN 47-3319698Revenue $99K in FY2020

On file with the IRS555 Secaucus Road, 07094-2579 · Secaucus, NJTax-exempt since Sep 2015Private non-operating foundation

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Assist in the completion of the sadhu vaswani hindu cultural center and temple

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $85K a year · 28% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
981 mo
of spending, in cash
Looks good: 981.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
Spent
$6K
To programs
99%
Net assets
$495K
By yearFY2020–FY2025
Revenue
$99K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$99K
FY2021$337K
FY2022$243K
FY2023$453K
FY2024$313K
FY2025$335K
Expenses
$6K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$6K
FY2021$27K
FY2022$269K
FY2023$13K
FY2024$262K
FY2025$696K
Net assets
$495K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$495K
FY2021$806K
FY2022$623K
FY2023$1.2M
FY2024$1.3M
FY2025$903K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $6K Management & general 1% · $59

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Joel Paritz
Treasurer
$0Pt VII · Sec A
Ashok Gurnani
President
$0Pt VII · Sec A
See Gurnani Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps finish building a Hindu cultural center and temple.

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Provided by the organization

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1 program · $6K · in their own filed words · FY2020
01

The organization was formed to raise money to financially assist medical patients and underprivileged individuals.

$6Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 21 grants · $1.2M · 2020–2025
Sadhu Vaswani CenterFY2025$690,000
Share the Warmth INCFY2025$2,500
Kirtan Wallah FoundationFY2025$2,000
Sadhu Vaswani CenterNJ · FY2024$135,000
Individual RecipientFY2024$69,449
Guranani Sati & Gokal Charitable TrustFY2024$20,000
Greater Nevada Hindu TempleNV · FY2024$10,000
The Michael J Fox Foundation for Parkinson's ResearchNY · FY2024$5,000
Individual RecipientFY2024$5,000
Cancer Research Institute INCNY · FY2024$5,000
Helen Keller InternationalNY · FY2024$5,000
Ronald McDonald House of New York INCNY · FY2024$5,000
Individual RecipientFY2024$2,000
International Human Benefits ServiceFY2023$5,000
Individual RecipientFY2023$1,000
Interfaith Community ServicesFY2023$305
Sadhu Vaswani CenterNJ · FY2022$255,000
Sankara Eye FoundationFY2022$5,000
See all 21 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$95K
Investment incomeLn 3$4K
Money outPt IX
$6K
Ln 25
Programscol B$6K
Managementcol C$59
Owns and owesPt X
$495K
net assets · Ln 32
Cash and savingsLn 1–2$495K
Total assetsLn 16$495K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$95K
Investment incomeLn 3$4K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$484K
Cash and savings togetherLn 1–2$495K
Total assetsLn 16$495K
LiabilitiesLn 26$0
Net assetsLn 32$495K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$402K$495K
Total assetsLn 16$402K$495K
LiabilitiesLn 26$0$0
Net assetsLn 32$402K$495K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K$6K
Other fees for servicesLn 11g$59$59
Total functional expensesLn 25$6K$6K$59$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $335K$696K−$361K$903K 990 PDF
FY2024 $313K$262K$51K$1.3M 990 PDF
FY2023 $453K$13K$440K$1.2M 990 PDF
FY2022 $243K$269K−$26K$623K 990 PDF
FY2021 $337K$27K$311K$806K 990 PDF
FY2020 Viewing $99K$6K$93K$495K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $99,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,000$95,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,156$4,240
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $251,156$99,240
I-13 Grants and similar amounts paidPrior year $0$6,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52$59
I-18 Total expensesPrior year $52$6,059
I-19 Revenue less expensesPrior year $251,104$93,181
Part VI · Governance 1 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $99,240 across 4 lines filed
VIII-1f All other contributions, gifts and grants$95,000
VIII-1h Total contributions, gifts and grants$95,000
VIII-3 Investment incomeUnrelated business $4,240$4,240
VIII-12 Total revenueRelated to mission $0 · Unrelated business $4,240 · Excluded from tax $0$99,240
Part IX · Statement of functional expenses $6,059 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $6,000$6,000
IX-11g Other fees for servicesManagement $59$59
IX-25 Total functional expensesPrograms $6,000 · Management $59 · Fundraising $0$6,059
Part X · Balance sheet $495,431 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $52,086$11,027
X-2 Savings and temporary cash investmentsStart of year $350,164$484,404
X-16 Total assetsStart of year $402,250$495,431
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $402,250$495,431
X-33 Total liabilities and net assetsStart of year $402,250$495,431
Part XI · Reconciliation of net assets $495,431 net assets at year end
XI-1 Total revenue$99,240
XI-2 Total expenses$6,059
XI-3 Revenue less expenses$93,181
XI-4 Net assets at start of year$402,250
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$495,431

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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