Lakshmi Foundation
- Assets
- $1.9m
- Revenue
- $21.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/2005
- Data as of
- 04/2024
- EIN
- 20-1746794
Organization Overview
Lakshmi Foundation is located in Chicago, IL. The organization was established in 2005. 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. Lakshmi 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 04/2024, Lakshmi Foundation generated $21.6k 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 (15.9%) each year. All expenses for the organization totaled $166.4k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lakshmi Foundation has awarded 147 individual grants totaling $1,235,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kemery Bloom Pres.treas.director | 5 | $0 | |
Kara Bloom Director & VP | 1 | $0 | |
Matthew Chapman Director & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,332 |
| Dividends & Interest | $54,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$40,813 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $388 |
| Total operating and administrative expenses | $10,434 |
| Contributions, gifts, grants paid | $156,000 |
| Total expenses and disbursements | $166,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $145,815 |
| 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 | $1,715,077 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,860,892 |
| 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, Lakshmi Foundation has awarded $156,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS LIVING OF METROPOLITAN CHICAGO PURPOSE: GENERAL SUPPORT | $10,000 |
ASPIRE OF ILLINOIS PURPOSE: GENERAL SUPPORT | $12,000 |
CHESHIRE PROJECT DBA ZENO MOUNTAIN FARM PURPOSE: GENERAL SUPPORT | $34,000 |
CHICAGO FOUNDATION FOR WOMEN PURPOSE: GENERAL SUPPORT | $10,000 |
CHICAGO ALLIANCE AGAINST SEXUAL EXPLOITATION PURPOSE: GENERAL SUPPORT | $5,000 |
EQUAL JUSTICE INITIATIVE PURPOSE: GENERAL SUPPORT | $5,000 |