Sri Lanka Foundation
- Assets
- $32.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/2003
- Data as of
- 12/2022
- EIN
- 06-1701803
Organization Overview
Sri Lanka Foundation is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sri Lanka 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 12/2022, Sri Lanka Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 19.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED/SPONSORED SEVERAL MUSICAL AND CULTURAL PROGRAMS THROUGHOUT THE YEAR TO PROMOTE THE ADVANCEMENT AND ENJOYMENT OF SRI LANKAN CULTURE IN THE COUNTRY. THE FOUNDATION ALSO OPENED A PERFORMING ARTS CENTER TO FURTHER PROMOTE THE SRILANKAN CULTURE. LIVE EVENTS WERE LIMITED DUE TO THE PANDEMIC SO THE FOUNDATION INVESTED FUNDS TOWARDS IMPROVING WEB ACCESS TO ENABLE THE PUBLIC TO WATCH THE EVENTS ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dishan Jayasinha President | 20 | $120,000 | |
Aeshea Jayasinghe Director | 10 | $0 | |
Dr J DE Silva Director | 0 | $0 | |
Anuree DE Silva Director | 0 | $0 | |
Shirani Stanislaus Secretary | 30 | $44,000 | |
Walter Jayasinghe Board Chairman | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,354,599 |
| Interest on Savings | $0 |
| 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 | $1,354,599 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $164,000 |
| Other employee salaries and wages | $323,117 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $11,224 |
| Occupancy | $309,836 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $538,599 |
| Total operating and administrative expenses | $1,357,171 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,357,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,979 |
| 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 | $19,885 |
| Other assets | $1 |
| Total assets | $32,865 |
| 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 | $28,581 |
| Total liabilities | $28,581 |
Grants Awarded
Over the last fiscal year, Sri Lanka Foundation has awarded $20,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLARENDON FOUNDATION PURPOSE: ASSISTANCE FOR POOR & DESTITUTES IN SRI LANKA | $10,000 |
SLAASC PURPOSE: BENEFIT CONCERT | $5,000 |
SLYO PURPOSE: CHARITY | $500 |
NCOBAA PURPOSE: CHARITY | $5,000 |