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Nonprofiteer
← NORTH SOUTH FOUNDATION

Form 990 for tax year 2022

Filed by NORTH SOUTH FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 8 December 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,560,837 changed to $1,573,337
Total expenses
$1,107,611 changed to $1,120,111
Contributions and grants received
$912,557 changed to $925,058
Investment income
$329,373 changed to $329,372
Management and general expenses
$3,749 changed to $16,249

Totals

Total revenue
$1,560,837
Total expenses
$1,107,611
Contributions and grants received
$912,557
Grants paid
$878,027
Program service revenue
$318,907
Investment income
$329,373
Other revenue
$0
Total assets, end of year
$15,315,533
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,315,533
Program services expenses (Part IX)
$1,103,862
Management and general expenses
$3,749
Fundraising expenses
$0
Program service expenses (Part III)
$1,103,862

Program services were 99.7% 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

    $912,557

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Educational contest and workshop

    total $318,907 · related or exempt $318,907 · 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 $359,844 · related or exempt $0 · unrelated business $0 · excluded $359,844

  • 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

  • 7a · Gross sales of assets other than inventory

    securities $729,137 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $759,608 · other assets $0

  • 7c · Gain or loss

    securities -$30,471 · other assets $0

  • 7d · Net gain or loss

    total -$30,471 · related or exempt $0 · unrelated business $0 · excluded -$30,471

  • 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 $210,027 · program services $210,027

  • 2 · Grants to domestic individuals

    total $18,000 · program services $18,000

  • 3 · Grants to foreign organizations and individuals

    total $650,000 · program services $650,000

  • 11b · Fees: legal

    total $554 · program services $554

  • 11c · Fees: accounting

    total $3,749 · management and general $3,749

  • 13 · Office expenses

    total $16,432 · program services $16,432

  • 14 · Information technology

    total $167,633 · program services $167,633

  • 16 · Occupancy

    total $3,547 · program services $3,547

  • 17 · Travel

    total $12,911 · program services $12,911

  • 24a · Other expenses: Bank and credit card charges

    total $24,656 · program services $24,656 · management and general $0 · fundraising $0

  • 24b · Other expenses: Misc Expenses

    total $102 · program services $102 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,054,888 · end of year $619,446

  • 11 · Investments: publicly traded securities

    beginning of year $11,807,419 · end of year $14,696,087

  • 27 · Net assets without donor restrictions

    beginning of year $12,134,999 · end of year $12,776,509

  • 28 · Net assets with donor restrictions

    beginning of year $2,727,308 · end of year $2,539,024

Mission and programs · 2022

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, but now are going to college in the US.

    Expenses $18,000 · Grants $18,000 · Revenue $75

  • Educational Programs: Educational Programs: Conducted educational contests such as spelling, vocabulary, math, science, geography, history, essay with the purpose of encouraging excellence in education among 1-12 graders.

    Expenses $225,835 · Revenue $318,907

  • Scholarships provided to schools in India to support education for underprivileged kids.

    Expenses $650,000 · Grants $650,000

  • Domestic grants

    Expenses $210,027 · Grants $210,027

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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

  • Sravanthi Vallampati

    Board Member/Secretary

    Total calculated
    $0
    Hours/week
    4

  • Dr Kavya Shivashankar

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • 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

    Total calculated
    $0
    Hours/week
    4

  • Dr Rao Chalasani

    Board Member/Non-voting

    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

    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

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

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202303569349300700

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