Swamy Family Foundation
- Assets
- $2.5m
- Revenue
- $104.9k
- Investments
- $2.3m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 30-0049982
Organization Overview
Swamy Family Foundation is located in Cleveland, OH. The organization was established in 2002. 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. Swamy Family Foundation 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, Swamy Family Foundation generated $104.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.9%) each year. All expenses for the organization totaled $137.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swamy Family Foundation has awarded 146 individual grants totaling $899,931. 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 |
|---|---|---|---|
Krish Swamy President | 0 | $0 | |
Leela Swamy Treasurer | 0 | $0 | |
Manohar Lal Daga Secretary | 0 | $0 | |
Vikram Swamy Trustee | 0 | $0 | |
Aasha Haywood Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,314 |
| Dividends & Interest | $46,087 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,450 |
| Capital Gain Net Income | $49,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,806 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $12,060 |
| Contributions, gifts, grants paid | $125,007 |
| Total expenses and disbursements | $137,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,674 |
| 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 | $1 |
| Total assets | $2,477,955 |
| 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, Swamy Family Foundation has awarded $125,007 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
MORELAND HILLS POLICE EMPS FND PURPOSE: GENERAL SERVICES | $1,000 |
HANNA PERKINS PURPOSE: GENERAL SERVICES | $2,000 |
CLEVELAND FOOD BANK PURPOSE: GENERAL SERVICES | $16,000 |
OPEN DOORS ACADEMY PURPOSE: GENERAL SERVICES | $2,000 |
ORANGE AREA SERVICE COMMITTEE PURPOSE: GENERAL SERVICES | $1,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SERVICES | $15,000 |