Naidu Family Foundation
- Assets
- $797.8k
- Revenue
- $11.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lititz, PA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-5673595
Organization Overview
Naidu Family Foundation is located in Lititz, PA. The organization was established in 2014. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naidu 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 12/2023, Naidu Family Foundation generated $11.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $258.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Naidu Family Foundation has awarded 27 individual grants totaling $278,200. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLICITATION OF CONTRIBUTIONS FROM FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjiv Naidu President | 2 | $0 | |
Rachna Naidu Vice President | 1 | $0 | |
Jane Heilman Secretary | 1 | $0 | |
Ravi Naidu Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,786 |
| Dividends & Interest | $9,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $47,073 |
| Net ST Capital Gain | $47,073 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $21,352 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150 |
| Total operating and administrative expenses | $22,952 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $257,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $731 |
| Savings and temporary cash investments | $797,026 |
| 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 | $797,757 |
| 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 | $337 |
| Total liabilities | $337 |
Grants Awarded
Over the last fiscal year, Naidu Family Foundation has awarded $52,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL PA FOOD BANK PURPOSE: GENERAL | $10,000 |
TRUSTEES OF UNIV OF PA PURPOSE: GENERAL | $20,000 |
ZOES HOUSE PURPOSE: GENERAL | $5,000 |
ST JUDE CHILDRENS RESEARCH HOSPITAL PURPOSE: GENERAL | $2,500 |
ENYI MD FOUNDATION PURPOSE: GENERAL | $5,000 |
DFW HINDU TEMPLE PURPOSE: GENERAL | $10,000 |