Infosys Foundation Usa
- Assets
- $249.2k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 03/2023
- EIN
- 26-4592537
Organization Overview
Infosys Foundation Usa is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (T30) the organization is classified as: Public 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. Infosys Foundation USA 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 03/2023, Infosys Foundation USA generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $3.9m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Infosys Foundation USA has awarded 300 individual grants totaling $28,134,498. 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 |
|---|---|---|---|
Bethany R Quinn Secretary | 3 | $0 | |
Katherine Maloney Executive Director | 40 | $0 | |
Martha King Trustee | 1 | $0 | |
Inderpreet Sawhney Chairperson Of Foundation | 1 | $0 | |
Anand Swaminathan Trustee | 1 | $0 | |
Lara Salamano Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,280,000 |
| Interest on Savings | $10,812 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,290,812 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $179,604 |
| Total operating and administrative expenses | $238,409 |
| Contributions, gifts, grants paid | $3,638,755 |
| Total expenses and disbursements | $3,877,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,175 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $249,175 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $35,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $78,451 |
| Total liabilities | $113,451 |
Grants Awarded
Over the last fiscal year, Infosys Foundation Usa has awarded $3,428,753 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
CODEORG PURPOSE: FOR TEACHER TRAINING, ADVOCACY AND AWARENESS | $500,000 |
MV GATE INC PURPOSE: FOR STUDENT EDUCATION | $25,000 |
COMPUTER SCIENCE TEACHERS ASSOC LLC PURPOSE: TEACHER TRAINING | $176,000 |
NEW YORK CITY FOUNDATION FOR COMPUTER SCIENCE EDUC PURPOSE: STUDENT EDUCATION | $75,000 |
BIRDBRAIN TECHNOLOGIES LLC PURPOSE: FOR STUDENT EDUCATION | $28,000 |
PENCIL INC PURPOSE: STUDENT EDUCATION | $50,000 |