Mohapatra Family Foundation Inc
- Assets
- $5.3m
- Revenue
- $1.5m
- Investments
- $4.6m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-4347632
Organization Overview
Mohapatra Family Foundation Inc is located in Albany, NY. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mohapatra Family Foundation Inc 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 12/2023, Mohapatra Family Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $704.7k during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Surya N Mohapatra Trustee | 1 | $0 | |
Mohrannie Mohapatra Trustee | 1 | $0 | |
Rahul Mohapatra Trustee | 1 | $0 | |
Nayan Mohapatra Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,053 |
| Interest on Savings | $9,125 |
| Dividends & Interest | $129,451 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $850,057 |
| Capital Gain Net Income | $850,057 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,488,686 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $778 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,001 |
| Contributions, gifts, grants paid | $690,700 |
| Total expenses and disbursements | $704,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $675,778 |
| 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 | $4,328,484 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,325,280 |
| 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, Mohapatra Family Foundation Inc has awarded $690,700 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CENTRAL FLORIDA FOUNDATION INC PURPOSE: GENERAL | $110,700 |
THE ROCKEFELLER UNIVERSITY PURPOSE: GENERAL | $120,000 |
COLUMBIA UNIVERSITY PURPOSE: GENERAL | $450,000 |
THE VALLEY HOSPITAL AUXILIARY PURPOSE: GENERAL | $10,000 |