Kiran Bavikatte Memorial Foundation
- Assets
- $260.2k
- Revenue
- $12.6k
- Investments
- $260.2k
- Employees
- 0
- Location
- Austin, TX
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 30-0100670
Organization Overview
Kiran Bavikatte Memorial Foundation is located in Austin, TX. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiran Bavikatte Memorial 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 12/2022, Kiran Bavikatte Memorial Foundation generated $12.6k 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 (9.4%) each year. All expenses for the organization totaled $20.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kiran Bavikatte Memorial Foundation has awarded 74 individual grants totaling $142,273. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAMI CENTRAL TEXAS
PRAGATHI EMPOWERMENT EDUCATION IN INDIA
CENTRAL TEXAS FOOD BANK
PRATIDHWANI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shivakumar Bavikatte Executive Dir. | 0 | $0 | |
Uma Bavikatte Chairman | 0 | $0 | |
Ramya Bavikatte Trustee | 0 | $0 | |
Shilpa Bavikatte Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,437 |
| Capital Gain Net Income | $5,437 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $850 |
| Total Revenue | $12,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,890 |
| Contributions, gifts, grants paid | $15,850 |
| Total expenses and disbursements | $20,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $260,186 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $260,186 |
| 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, Kiran Bavikatte Memorial Foundation has awarded $15,850 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL TEXAS FOOD BANK PURPOSE: CASH DONATION TO CHARITY | $1,000 |
GREATER CHICAGO FOOD DEPOSITORY PURPOSE: CASH DONATION TO CHARITY | $1,000 |
PRAGATHI EMPOWERMENT EDUCATION IN I PURPOSE: CASH DONATION TO SCHOLARSHIP FUND | $5,000 |
BEDS PLUS PURPOSE: CASH DONATION TO CHARITY | $100 |
NAMI CENTRAL TEXAS PURPOSE: CASH DONATION TO CHARITY | $3,000 |
UNITED WAY PURPOSE: CASH DONATION TO CHARITY | $750 |