Wadhwani Impact Trust
- Assets
- $67.2m
- Revenue
- $7.2m
- Investments
- $67.1m
- Employees
- 0
- Location
- Bridgeville, PA
- Founding
- 11/2000
- Data as of
- 12/2023
- EIN
- 25-1873137
Organization Overview
Wadhwani Impact Trust is located in Bridgeville, PA. The organization was established in 2000. 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. Wadhwani Impact Trust 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, Wadhwani Impact Trust generated $7.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Wadhwani Impact Trust has awarded 31 individual grants totaling $9,077,100. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunil Wadhwani President, Secretary | 2 | $0 | |
Nita Wadhwani Chairperson, Asst Secretary | 2 | $0 | |
Shalina Wadhwani Treasurer | 1 | $0 | |
Rohan Wadhwani Vice President, Asst. Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wadhwani Family Office Llc | 12/30/23 | $165,000 |
Swat Capital Adminstrator Llc | 12/30/23 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $949,400 |
| Interest on Savings | $223 |
| Dividends & Interest | $1,728,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,491,878 |
| Capital Gain Net Income | $4,491,878 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,267 |
| Total Revenue | $7,172,439 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $110,600 |
| Pension plans, employee benefits | $5,662 |
| Interest | $25,704 |
| Taxes | $76,463 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,891 |
| Printing and publications | $0 |
| Other expenses | $11,654 |
| Total operating and administrative expenses | $707,455 |
| Contributions, gifts, grants paid | $3,530,000 |
| Total expenses and disbursements | $4,237,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,636 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,491 |
| 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 | $14,449,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $80,386 |
| Total assets | $67,169,556 |
| Accounts payable and accrued expenses | $1,064 |
| 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 | $1,064 |
Grants Awarded
Over the last fiscal year, Wadhwani Impact Trust has awarded $3,530,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDIASPORA PURPOSE: FOUNDERS CIRCLE | $25,000 |
WADHWANI INSTITUTE FOR ARTIFICIAL INTELLIGENCE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,500,000 |
WADHWANI INITIATIVE FOR SUSTAINABLE HEALTHCARE FOUNDATION PURPOSE: GENERAL SUPPORT | $2,000,000 |
INDIA PHILANTHROPY ALLIANCE PURPOSE: INSTITUTIONALIZATION SUPPORT | $5,000 |