Totals
- Total revenue
- $2,702,597
- Total expenses
- $2,135,458
- Contributions and grants received
- $941,337
- Grants paid
- $1,401,885
- Program service revenue
- $372,615
- Investment income
- $1,388,645
- Other revenue
- $0
- Total assets, end of year
- $15,717,719
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $15,717,719
- Program services expenses (Part IX)
- $2,062,557
- Management and general expenses
- $72,901
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,062,557
Program services were 96.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$941,337
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Educational contests and workshops
total $372,615 · related or exempt $372,615 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,388,645 · related or exempt $1,388,645 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $87,185 · program services $87,185
-
2 · Grants to domestic individuals
total $14,700 · program services $14,700
-
3 · Grants to foreign organizations and individuals
total $1,300,000 · program services $1,300,000
-
7 · Other salaries and wages
total $105,167 · program services $105,167
-
10 · Payroll taxes
total $3,950 · program services $3,950
-
11b · Fees: legal
total $14,079 · management and general $14,079
-
11c · Fees: accounting
total $7,074 · management and general $7,074
-
12 · Advertising and promotion
total $11,579 · management and general $11,579
-
13 · Office expenses
total $5,387 · program services $5,387
-
14 · Information technology
total $199,670 · program services $199,670
-
16 · Occupancy
total $58,085 · program services $58,085
-
17 · Travel
total $38,091 · program services $24,841 · management and general $13,250
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $121,005 · program services $121,005
-
23 · Insurance
total $4,343 · program services $4,343
-
24a · Other expenses: Bank and credit card fees
total $26,919 · program services $0 · management and general $26,919 · fundraising $0
-
24b · Other expenses: Misc Expenses
total $2,388 · program services $2,388 · management and general $0 · fundraising $0
-
24c · Other expenses: Outside Contractual Services
total $135,836 · program services $135,836 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $621,333 · end of year $411,619
-
11 · Investments: publicly traded securities
beginning of year $14,694,200 · end of year $15,306,100
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $12,778,397 · end of year $13,136,443
-
28 · Net assets with donor restrictions
beginning of year $2,537,136 · end of year $2,581,276
Mission and programs · 2023
Mission
Empower every child to achieve their maximum potential,excel in education and to be an empathetic holistic leader. Provide education scholarships and resources to needy children. Provide a platform for volunteers to support the community.
Activities or mission (Part I)
Empower every child to achieve their maximum potential. 1) Provide education scholarships and resources to needy children, 2) Empower every child to excel in education and to be an empathetic holistic leader, and 3)Provide a platform for volunteers to support the community.
-
Provide scholarships to those were awarded first three ranks in the past in the national finals in the US conducted by the Foundation annually and are now going to college in the US.
Expenses $14,700
-
Educational Programs: Educational Programs: Conducted educational contests such as spelling bee, vocabulary, math, science, geography, history, essay with the purpose of encouraging excellence in education among 1-12 graders.
Expenses $660,672 · Revenue $372,615
-
Scholarships provided to the meritorious students among the poor and most deserving to go to college in India.
Expenses $1,300,000 · Grants $1,300,000
-
Domestic grants
Expenses $87,185 · Grants $87,185
As filed on the 2023 return.
Listed in Part VII
-
Dr Arun Maheshwari
Board Member/Chairman
- Total calculated
- $0
- Hours/week
- 12
-
Dr Ratnam Chitturi
Board Member
- Total calculated
- $0
- Hours/week
- 40
-
Dr Prasad Kaipa
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Dr Praveen Goli
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Savitha Naidu
Board Member/Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Dr Rao Chalasani
Board Member/Non-voting/Chairman Emeritus
- Total calculated
- $0
- Hours/week
- 4
-
Veena Gundavelli
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Monil Ruparel
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Dr Balu Natarajan
Board member/President/CEO
- Total calculated
- $0
- Hours/week
- 4
-
Roopashree Srikanth
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Bala Bhagavat
Chief Financial Officer
- Total calculated
- $0
- Hours/week
- 8
-
Hiren Thakar
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Siva Vavilala
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Anita Gavini
Chief Operating Officer
- Total calculated
- $0
- Hours/week
- 4
-
Kavita Somani
Co-Treasurer
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530739349300308
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