Rishta Foundation
- Assets
- $47.2k
- Revenue
- $90.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bryn Mawr, PA
- Founding
- 05/2003
- Data as of
- 12/2023
- EIN
- 02-0656401
Organization Overview
Rishta Foundation is located in Bryn Mawr, PA. 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. Rishta Foundation 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, Rishta Foundation generated $90.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $9.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Girish Patwardhan Director | 1 | $0 | |
Rita Patwardhan Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $90 |
| 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 | $90 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $272 |
| Contributions, gifts, grants paid | $9,211 |
| Total expenses and disbursements | $9,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,216 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $47,216 |
| 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, Rishta Foundation has awarded $9,211 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
BRYN MAWR FILM INSTITUTE PURPOSE: DONATION FOR YEAR 2023 | $250 |
COOPERTOWN CIVIC ASSOCIATION PURPOSE: ANNUAL CONTRIBUTION | $161 |
CONSUMER REPORT FOUNDATION PURPOSE: ANNUAL DONATION FOR YEAR 2023 | $250 |
BRYN MAWR FIRE CO PURPOSE: ANNUAL DONATION FOR YEAR 2023 | $150 |
HABITAT FOR HUMANITY PURPOSE: ANNUAL DONATION | $150 |
PLANNED PARENTHOOD PURPOSE: ANNUAL DONATION | $500 |