Rakesh & Neelam Gupta Family Foundation
- Assets
- $3.7m
- Revenue
- $687.2k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jacinto, CA
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 46-1430787
Organization Overview
Rakesh & Neelam Gupta Family Foundation is located in San Jacinto, CA. The organization was established in 2013. 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. Rakesh & Neelam Gupta 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 12/2021, Rakesh & Neelam Gupta Family Foundation generated $687.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $190.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rakesh & Neelam Gupta Family Foundation has awarded 39 individual grants totaling $734,196. 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 |
|---|---|---|---|
Rakesh C Gupta Treasurer | 0.3 | $0 | |
Neelam Gupta Secretary & Director | 1 | $0 | |
Vivek Gupta Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,367 |
| Interest on Savings | $1,340 |
| Dividends & Interest | $62,988 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,498 |
| Capital Gain Net Income | $111,498 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,014 |
| Total Revenue | $687,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,973 |
| Total operating and administrative expenses | $18,223 |
| Contributions, gifts, grants paid | $172,616 |
| Total expenses and disbursements | $190,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,254,065 |
| Savings and temporary cash investments | $2,470,325 |
| 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 | $0 |
| Total assets | $3,724,390 |
| 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, Rakesh & Neelam Gupta Family Foundation has awarded $172,616 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AUM SPIRITUAL CENTER INC PURPOSE: TO PROMOTE RELIGIOUS AND HINDU CULTURAL ACTIVITIES AND SERVICES | $170,000 |
EKAL VIDHYALAYA FOUNDATION USA PURPOSE: TO PROMOTE EDUCATION FOR NEEDY | $865 |
Anaheim, CA PURPOSE: TO PROMOTE RELIGIOUS & SOCIAL SERVICES | $501 |
HEMET HIGH SCHOOL PURPOSE: TO PROMORE SHCOOL EDUCATION | $500 |
HINDU SOCIETY OF INLAND EMPIRE INCSHRI LAKSHMI NARAYAN MANDIR PURPOSE: TO PROMOTE RELIGIOUS & SOCIAL SERVICES | $500 |
BLIND FOUNDATION PURPOSE: TO HELP NEEDY PEOPLE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |