Samta Foundation
- Assets
- $511.9k
- Revenue
- $261.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Upland, CA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-2200148
Organization Overview
Samta Foundation is located in Upland, CA. The organization was established in 2015. 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. Samta 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, Samta Foundation generated $261.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $245.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Samta Foundation has awarded 162 individual grants totaling $670,920. 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 |
|---|---|---|---|
Smita T Sanghvi President | 10 | $0 | |
Tarun Sanghvi Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000 |
| Interest on Savings | $246 |
| Dividends & Interest | $0 |
| Net Rental Income | $5,288 |
| Net Gain on Sale of Assets | $44,280 |
| Capital Gain Net Income | $44,280 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,372 |
| Total Revenue | $261,013 |
| 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 | $2,338 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,052 |
| Total operating and administrative expenses | $30,940 |
| Contributions, gifts, grants paid | $214,800 |
| Total expenses and disbursements | $245,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,867 |
| 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 | $0 |
| Net Land, buildings, and equipment | $66,338 |
| Other assets | $149,654 |
| Total assets | $511,859 |
| 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 | $2,707 |
| Total liabilities | $2,707 |
Grants Awarded
Over the last fiscal year, Samta Foundation has awarded $214,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SHRIJI MANDIR VAISHNAV PARIVAR PURPOSE: SPIRITUAL AWARENESS | $200 |
VAISHNAV SAMAJ OF SOUTHERN CA PURPOSE: GENERAL SUPPORT GRANT | $100 |
DBVI PURPOSE: GENERAL SUPPORT GRANT | $211,000 |
SAHARA PURPOSE: GENERAL SUPPORT GRANT | $1,000 |
H4H FOUNDATION PURPOSE: GENERAL SUPPORT GRANT | $2,500 |