Sidhpur Foundation
- Assets
- $2.0m
- Revenue
- $63.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Sugar Land, TX
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 38-3372702
Organization Overview
Sidhpur Foundation is located in Sugar Land, TX. The organization was established in 1998. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sidhpur 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 12/2021, Sidhpur Foundation generated $63.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $63.7k 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
TO IMPROVE THE EDUCATIONAL STATUS OF SIDHPUR COMMUNITIES IN THE USA, CANADA, INDIA AND PAKISTAN BY PROVIDING INFORMATION, ADVICE, GUIDANCE AND OTHER RESOURCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE ORGANIZATION GAVE OUT 11 LOW INTEREST LOANS TOTALING $67,700 TO LOW INCOME STUDENTS OF THE SIDHPUR COMMUNITY FOR HIGHER EDUCATION.
PROVIDED EDUCATIONAL AND DEVELOPMENT RELATED INFORMATION THROUGH A NEWSLETTER, CAMPS, WORKSHOPS, WEBINARS AND OTHER ELECTRONIC MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Naeem Charolia Treasurer | OfficerTrustee | 0 | $0 |
Aashna Maredia President | OfficerTrustee | 0 | $0 |
Sadiq Maredia Vice President | OfficerTrustee | 0 | $0 |
Sohail Ali Secretary | OfficerTrustee | 0 | $0 |
Asma Mohammad Member | Trustee | 0 | $0 |
Sahil Akbarali Member | Trustee | 0 | $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 | $14,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,800 |
| Total Program Service Revenue | $29,650 |
| Investment income | $18,419 |
| 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 | $63,719 |
| 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 | $0 |
| 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 | $28,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,510 |
| Advertising and promotion | $0 |
| Office expenses | $4,369 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,496 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,637 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,012 |
| Insurance | $382 |
| All other expenses | $0 |
| Total functional expenses | $63,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,779 |
| Savings and temporary cash investments | $830,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $758,597 |
| 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 | $317,538 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,965,011 |
| Accounts payable and accrued expenses | $2,370 |
| 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 | $2,370 |
| Net assets without donor restrictions | $1,962,641 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,965,011 |
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