Tara Chand Foundation
- Assets
- $5.0m
- Revenue
- $436.7k
- Investments
- $5.0m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-2629243
Organization Overview
Tara Chand Foundation is located in Washington, DC. The organization was established in 2016. 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. Tara Chand 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, Tara Chand Foundation generated $436.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.2%) each year. All expenses for the organization totaled $570.5k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE FOUNDATION CONTINUED TO PERFORM DIRECT CHARITABLE ACTIVITIES THROUGH ITS DISREGARDED ENTITY, A COMPLETE UNKNOWN LLC, WHICH PROVIDES ARCHITECTURAL SERVICES FOR PROJECTS BENEFITTING UNDERSERVED POPULATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suman Sorg President | 5 | $15,000 | |
Nikki Edwards Treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sorg Architects | 12/30/22 | $50,482 |
Natalie Ramirez | 12/30/22 | $75,872 |
Brandon S Peters | 12/30/22 | $117,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $217,293 |
| Interest on Savings | $19 |
| Dividends & Interest | $80,445 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $172,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $138,949 |
| Total Revenue | $436,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,578 |
| Depreciation | $0 |
| Occupancy | $68,419 |
| Travel, conferences, and meetings | $697 |
| Printing and publications | $1,252 |
| Other expenses | $43,149 |
| Total operating and administrative expenses | $570,495 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $570,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,228 |
| Savings and temporary cash investments | $28,152 |
| 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 | $2,119,465 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,999,992 |
| 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, Tara Chand Foundation has awarded $90,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL RESCUE COMMITTEE PURPOSE: GENERAL SUPPORT | $20,000 |
EMPOWER PURPOSE: GENERAL SUPPORT | $14,000 |
WOMEN FOR WOMEN PURPOSE: GENERAL SUPPORT | $14,000 |
COMMUNITY PARTNERS INTERNATIONAL PURPOSE: GENERAL SUPPORT | $14,000 |
WOMEN REFUGEE COMMISSION PURPOSE: GENERAL SUPPORT | $14,000 |
REFUGEES INTERNATIONAL PURPOSE: GENERAL SUPPORT | $14,000 |