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Nem K Charitable Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2020. It holds total assets of $117K. Annual income is reported at $100K. The foundation is governed by 3 officers and trustees. The organization makes charitable distributions to other qualifying charitable organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 4 states, including New York, Tennessee, New Jersey. According to available records, Nem K Charitable Foundation Inc. has made 21 grants totaling $199K, with a median grant of $5K. Annual giving has grown from $19K in 2020 to $129K in 2023. Individual grants have ranged from $903 to $77K, with an average award of $9K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in New York, New Jersey, California, which account for 90% of all grants. Grantmaking reaches organizations across 4 states.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$3K
Largest Grant
$5K
Based on 6 grants from the most recent 990-PF filing.
The management and administrative costs incurred to operate the foundation, directly support, and are necessary to carry out the charitable programs and activities conducted by the foundation.
Expenses: $174
The organization provides charitable giving to like minded organizations and similar causes.
Expenses: $19K
The organization makes charitable distributions to other qualifying charitable organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in NY, NJ, CA.
Nem K Charitable Foundation Inc. has distributed a total of $199K across 21 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $903 to $77K.
Nem K Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Nem K Charitable Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sunil Jain | President | $0 | $0 | N/A |
| Sudhir Jain | Secretary | $0 | $0 | N/A |
| Ankit Jain | Treasurer | $0 | $0 | N/A |
Total Giving
$131K
Total Assets
$89K
Fair Market Value
$89K
Net Worth
$89K
Grants Paid
$129K
Contributions
$100K
Net Investment Income
N/A
Distribution Amount
$2K
Total Grants
21
Total Giving
$199K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
15
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Share CareDonation to a domestically registered charitable organization. | Rochelle Park, NJ | $1K | 2023 |
| Jaipur Foot IncDonation to a domestically registered charitable organization. | Woodbury, NY | $77K | 2023 |
| Life GlobalDonation to a domestically registered charitable organization. | Paramus, NJ | $25K | 2023 |
| Swaminarayan SansthaDonation to a domestically registered charitable organization. | Robbinsville, NJ | $15K | 2023 |
| JvbnaDonation to a domestically registered charitable organization. | South Plainfield, NJ | $5K | 2023 |
| St Jude ChildrenDonation to a domestically registered charitable organization. | Memphis, TN | $5K | 2023 |
| Jain Center Of AmericaDonation to a domestically registered charitable organization. | Flushing, NY | $903 | 2023 |
| Akshaya Patra Foundation UsaDonation to domestically registered charitable organization. | Canoga Park, CA | $10K | 2022 |
| Siddham ChalamDonation to domestically registered charitable organization. | Blairstown, NJ | $5K | 2022 |
| Center For CuriosityDonation to a domestically registered charitable organization. | New York, NY | $5K | 2021 |
| Charitable Assistance Less Than 100Donation to a domestically registered charitable organization. | New York, NY | $1K | 2021 |
| Baps Charities IncDonation to a domestically registered charitable organization. | Piscataway, NJ | $5K | 2020 |
| Mount Sinai HospitalDonation to a domestically registered charitable organization. | New York, NY | $5K | 2020 |
| Taub Institute For Research On AlzhDonation to a domestically registered charitable organization. | New York, NY | $1K | 2020 |
| Saint Jude'S Children'S HospitalDonation to a domestically registered charitable organization. | Memphis, TN | $1K | 2020 |