Hasmukh And Gita Rama Foundation
- Assets
- $13.7m
- Revenue
- $383.5k
- Investments
- $9.5m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3772669
Organization Overview
Hasmukh And Gita Rama Foundation is located in Greenville, SC. The organization was established in 2012. 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. Hasmukh And Gita Rama 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, Hasmukh And Gita Rama Foundation generated $383.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.3%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gita H Rama Trustee | 0.5 | $0 | |
Madhu N Vivek Trustee | 0.5 | $0 | |
Rita N Patel Trustee | 0.5 | $0 | |
Hasmukh P Rama Trustee | 0.5 | $0 | |
Dharmendra J Rama Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $158,979 |
| Net Rental Income | $5,165 |
| Net Gain on Sale of Assets | $116,847 |
| Capital Gain Net Income | $116,847 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,525 |
| Total Revenue | $383,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $42,825 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,059 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,364 |
| Printing and publications | $1,014 |
| Other expenses | $25,122 |
| Total operating and administrative expenses | $263,544 |
| Contributions, gifts, grants paid | $923,858 |
| Total expenses and disbursements | $1,187,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $552,304 |
| 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 | $3,570,437 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,667,900 |
| Accounts payable and accrued expenses | $5,646 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $923,858 |
| Other liabilities | $0 |
| Total liabilities | $929,504 |
Grants Awarded
Over the last fiscal year, Hasmukh And Gita Rama Foundation has awarded $403,001 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SRI AUROBINDO CENTER SOUTH EAST PURPOSE: GENERAL OPERATING SUPPORT | $376,000 |
MATAGIRI SRI AUROBINDO CENTER PURPOSE: TO SUPPORT THE BUILDING PROGRAM. | $15,000 |
WORLD HINDU FOUNDATION OF AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Greenville, SC PURPOSE: 2018 ANNUAL CAMPAIGN | $2,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Drs Bruce & Lee Foundation Florence, SC | $254,078,574 | $12,559,871 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
Mary Reynolds Babcock Foundation Incorporated Winstonsalem, NC | $253,832,619 | $55,868,843 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
The Merancas Foundation Inc Charlotte, NC | $181,742,490 | $364,669,812 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Cannon Foundation Inc Concord, NC | $297,494,035 | $30,471,430 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |