Alka & Ajay Gupta Foundation
- Assets
- $820.2k
- Revenue
- -$169.7k
- Investments
- $187.3k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 46-4447005
Organization Overview
Alka & Ajay Gupta Foundation is located in Houston, TX. The organization was established in 2015. 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. Alka & Ajay Gupta Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Alka & Ajay Gupta Foundation has awarded 194 individual grants totaling $290,490. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SEE STATEMENT 11
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ajay Gupta President | 1 | $0 | |
Mihir Gupta Vice Pres. | 1 | $0 | |
Alka Gupta Secretary | 1 | $0 | |
Avani Gupta Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $567,600 |
| Interest on Savings | $624 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$737,922 |
| Total Revenue | -$169,698 |
| 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 | $16,734 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,359 |
| Total operating and administrative expenses | $66,114 |
| Contributions, gifts, grants paid | $129,001 |
| Total expenses and disbursements | $195,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,024 |
| Savings and temporary cash investments | $225,071 |
| 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 | $200 |
| Net Investments - land, buildings, equipment | $393,633 |
| Investments—mortgage loans | $0 |
| Investments—other | $187,316 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $820,244 |
| 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 | $347,364 |
| Total liabilities | $347,364 |
Grants Awarded
Over the last fiscal year, Alka & Ajay Gupta Foundation has awarded $129,001 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: GENERAL SUPPORT | $27,500 |
Houston, TX PURPOSE: GENERAL SUPPORT | $25,000 |
Coral Springs, FL PURPOSE: GENERAL SUPPORT | $6,000 |
TONY VANDANTHEL PURPOSE: SCHOLARSHIP | $3,000 |
Katy, TX PURPOSE: GENERAL SUPPORT | $2,500 |
Cypress, TX PURPOSE: GENERAL SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
American Indian Graduate Center Inc Albuquerque, NM | $28,393,677 | $10,605,933 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |