Amar Kartar Foundation Inc
- Assets
- $316.5k
- Revenue
- $23.8k
- Investments
- $307.3k
- Employees
- 0
- Location
- Potomac, MD
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-0456831
Organization Overview
Amar Kartar Foundation Inc is located in Potomac, MD. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Amar Kartar Foundation Inc 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, Amar Kartar Foundation Inc generated $23.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $18.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Satwinder K Sidhu President | 0 | $0 | |
Dawinder S Sidhu 0 | 0 | $0 | |
Patwinder S Sidhu 0 | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,616 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,135 |
| Capital Gain Net Income | $13,135 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,751 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $421 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $18,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,158 |
| 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 | $316,465 |
| 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, Amar Kartar Foundation Inc has awarded $18,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHARITIES AID FOUNDATION OF AMERICA PURPOSE: EDUCATION | $2,500 |
BRAHMA KUMARIS PURPOSE: DONATION | $5,000 |
CABIN JOHN PARK VOLUNTEER FIRE DEPARTMENT PURPOSE: DONATION | $2,500 |
GURU NANAK FOUNDATION OF AMERICA PURPOSE: DONATION | $6,000 |
C & O CANAL TRUST PURPOSE: DONATION | $1,300 |
LIFE IN YOGA PURPOSE: DONATION | $700 |