Deshpande Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $75.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 20-1947794
Organization Overview
Deshpande Family Foundation Inc is located in Orlando, FL. The organization was established in 2005. 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. Deshpande Family 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, Deshpande Family Foundation Inc generated $75.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $350.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Deshpande Family Foundation Inc has awarded 63 individual grants totaling $1,074,081. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THERE WERE NO DIRECT CHARITABLE ACTIVITIES PARTICIPATED IN DURING THE CURRENT TAX YEAR. THE FOUNDATION DID, HOWEVER, MAKE DIRECT CHARITABLE CONTRIBUTIONS TO VARIOUS RECOGNIZED CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anil D Deshpande President | 0 | $0 | |
Chitra A Deshpande V. President | 0 | $0 | |
Anjali A Desphande Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $64,964 |
| Dividends & Interest | $27,915 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$131,143 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $113,361 |
| Total Revenue | $75,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,617 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,788 |
| Total operating and administrative expenses | $88,405 |
| Contributions, gifts, grants paid | $262,000 |
| Total expenses and disbursements | $350,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,780 |
| 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 | $1,498,501 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,000 |
| Total assets | $1,804,281 |
| 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, Deshpande Family Foundation Inc has awarded $262,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL FLORIDA PURPOSE: CHARITABLE/EDUCATIONAL | $200,000 |
GINSBURG FAMILY FOUNDATION PURPOSE: CHARITABLE/EDUCATIONAL | $10,000 |
ASIAN CULTURAL ASSOCIATION PURPOSE: CHARITABLE/EDUCATIONAL | $1,000 |
PARAM SHAKTI PEETH OF AMERICA PURPOSE: CHARITABLE/EDUCATIONAL | $10,000 |
MUNISEU ASHRAM PURPOSE: CHARITABLE/EDUCATIONAL | $1,000 |
AYURVEDA ASSOCIATION PURPOSE: CHARITABLE/EDUCATIONAL | $5,000 |