Sehgal Foundation
- Assets
- $53.7m
- Revenue
- $1.5m
- Investments
- $46.2m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 42-1477858
Organization Overview
Sehgal Foundation is located in Des Moines, IA. The organization was established in 1999. 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. Sehgal 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, Sehgal Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sehgal Foundation has awarded 95 individual grants totaling $5,347,520. 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 |
|---|---|---|---|
Surinder M Sehgal Director, Pres. & Treas. | 0 | $0 | |
Edda G Sehgal Director, V.pres. & Sec. | 0 | $0 | |
Kenai K Sehgal Director | 0 | $0 | |
Bernd U Sehgal Director | 0 | $0 | |
Oliver S Sehgal Director | 0 | $0 | |
Vicki D Sehgal Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northern Trust | 12/30/20 | $341,074 |
Haki Consulting | 12/30/20 | $67,432 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $543,201 |
| Interest on Savings | $15,224 |
| Dividends & Interest | $1,605,654 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$637,853 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $550 |
| Total Revenue | $1,526,776 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $179,246 |
| Other employee salaries and wages | $84,087 |
| Pension plans, employee benefits | $51,532 |
| Interest | $8 |
| Taxes | $66,794 |
| Depreciation | $0 |
| Occupancy | $10,057 |
| Travel, conferences, and meetings | $11,250 |
| Printing and publications | $0 |
| Other expenses | $86,640 |
| Total operating and administrative expenses | $947,561 |
| Contributions, gifts, grants paid | $958,079 |
| Total expenses and disbursements | $1,905,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,511,936 |
| 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 | $25,377,668 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,695,394 |
| Accounts payable and accrued expenses | $12,804 |
| 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 | $12,804 |
Grants Awarded
Over the last fiscal year, Sehgal Foundation has awarded $958,079 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ABOVE AND BEYOND CANCER INC PURPOSE: CHARITABLE | $1,000 |
AMERICA INDIA FOUNDATION PURPOSE: CHARITABLE | $1,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE | $1,029 |
CAN PLAY PURPOSE: CHARITABLE | $2,500 |
CATHEDRAL COUNSELING CENTER PURPOSE: CHARITABLE | $1,000 |
CHICAGO COUNCIL ON GLOBAL AFFAIRS PURPOSE: CHARITABLE | $2,500 |