Saraswat Foundation Inc
- Assets
- $249.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jamison, PA
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 22-2566842
Organization Overview
Saraswat Foundation Inc is located in Jamison, PA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saraswat 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 12/2023, Saraswat Foundation Inc generated $92.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $96.5k during the year ending 12/2023. While expenses have increased by 16.3% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TEN CHARITABLE ORGANIZATIONS WERE SUPPORTED IN INDIA DURING 2023: ORGANIZATION SUPPORT AMOUNT (USD) PUNYATMA PRABHAKAR SHARMA SEVA MANDAL $17,000, SWAMI PARIJNANASHRAM SCHOOL FOR HANDICAPPED $33000, CSERS $6000, DISHA CHARITABLE TRUST $4000, CANARA UNION $5000, SHRI CHITRAPUR MATH $3000, KSA MEDICAL DISTRESS RELIEF $3000, BANGALORE HOSPICE TRUST $7000, CENTRAL SOCIETY FOR EDUCATION OF DEAF $10000, CHETANA APANGAMATI VIKAS SANSTHAN $4000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashvin Hosagadi President | 3 | $0 | |
Sandeep Dhareshwar Vice President | 3 | $0 | |
Gayathri Bantwal Secretary | 3 | $0 | |
Chaitanya Bijoor Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,029 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,889 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $818 |
| Other Revenue | $0 |
| Total Revenue | $92,736 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,070 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $395 |
| Total expenses | $96,465 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $249,166 |
| Other assets | $0 |
| Total assets | $249,166 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,166 |