Sphoorti Foundation Usa
- Assets
- $715.1k
- Revenue
- $419.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-2761310
Organization Overview
Sphoorti Foundation Usa is located in Frisco, TX. The organization was established in 2011. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sphoorti 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 12/2021, Sphoorti Foundation USA generated $419.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $168.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPHOORTI FOUNDATION WORKS FOR THE REHABILITATION OF CHILDREN BELONGING TO UNDERPRIVILEGED AND VULNERABLE SECTIONS OF THE SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO SPHOORTI INDIA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeevan Bobbili President | Trustee | 10 | $0 |
Srivyal Vuyyuri Vice President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,642 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $419,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $165,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,645 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $715,133 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $715,133 |
| Total liabilities and net assets/fund balances | $715,133 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Sphoorti Foundation Usa has recieved totaling $218,460.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $82,677 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $70,326 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $48,994 |
People For Urban And Rural Education Inc Saint Johns, FL PURPOSE: COVID Relief | $10,000 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $5,484 |
Synchrony Foundation Stamford, CT PURPOSE: EMPLOYER MATCHING GIFT PROGRAM | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summer Institute Of Linguistics Inc Dallas, TX | $120,332,199 | $43,315,582 |
Eurasia Group Foundation Albuquerque, NM | $704,541 | $1,068,150 |
Japan-America Society Of Dallas Fort Worth Plano, TX | $1,009,561 | $671,573 |
Jerusalem Peacebuilders Inc Houston, TX | $388,949 | $428,560 |
Japan-America Society Of Houston Inc Houston, TX | $711,852 | $291,379 |
Arbol De Vida El Paso, TX | $357,948 | $298,187 |
Tulsa Global Alliance Inc Tulsa, OK | $530,149 | $266,677 |
Sphoorti Foundation Usa Frisco, TX | $715,133 | $419,642 |
Lao American Association Houston, TX | $224,166 | $0 |
Odisha Society Of The Americas Cedar Park, TX | $991,570 | $374,213 |
Center For International Studies Albuquerque, NM | $329,189 | $0 |
Council On American Islamic-Relations Austin Texas Austin, TX | $78,982 | $0 |