Ekta Foundation
- Assets
- $747.1k
- Revenue
- -$167.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Huntsville, AL
- Founding
- 11/2009
- Data as of
- 11/2023
- EIN
- 26-1644753
Organization Overview
Ekta Foundation is located in Huntsville, AL. The organization was established in 2009. 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. Ekta Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Ekta Foundation has awarded 22 individual grants totaling $1,011,176. 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 |
|---|---|---|---|
Ashok K Mahbubani Director | 0 | $0 | |
Amrita Mahbubani Director | 0 | $0 | |
Scott Faulkner Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76 |
| Dividends & Interest | $44,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$212,112 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$167,276 |
| 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 | $22,026 |
| Printing and publications | $0 |
| Other expenses | $5,242 |
| Total operating and administrative expenses | $30,838 |
| Contributions, gifts, grants paid | $402,000 |
| Total expenses and disbursements | $432,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $747,054 |
| 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 | $747,054 |
| 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, Ekta Foundation has awarded $402,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HUDSON ALPHA FOUNDATION PURPOSE: GENERAL SUPPORT | $150,000 |
OPEN FUTURE INSTITUTE PURPOSE: GENERAL SUPPORT | $27,000 |
EQUAL INNOVATION INSTITUTE PURPOSE: GENERAL SUPPORT | $10,000 |
RECODED CO PURPOSE: GENERAL SUPPORT | $210,000 |
MERIDIAN INTERNATIONAL CENTER PURPOSE: GENERAL SUPPORT | $5,000 |