Dr Vedavathi & Lakshman Agadi Foundation Nfp
- Assets
- $506.2k
- Revenue
- $178.5k
- Investments
- $165.5k
- Employees
- 0
- Location
- Oakbrook, IL
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-3539512
Organization Overview
Dr Vedavathi & Lakshman Agadi Foundation Nfp is located in Oakbrook, IL. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Dr Vedavathi & Lakshman Agadi Foundation Nfp 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 12/2021, Dr Vedavathi & Lakshman Agadi Foundation Nfp generated $178.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $26.8k during the year ending 12/2021. While expenses have increased by 16.7% per year over the past 7 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.
Since 2016, Dr Vedavathi & Lakshman Agadi Foundation Nfp has awarded 45 individual grants totaling $224,013. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES CHARITABLE GIVING TO QUALIFYING NONPROFIT ORGANIZATIONS BOTH DOMESTIC AND OVERSEAS. ORGANIZATIONS THAT ARE SUPPORTED INCLUDE THOSE THAT ASSIST VICTIMS OF DISASTERS, ADVANCE EDUCATION, SUPPORT PUBLIC HEALTH, SUPPORT THE UNDERSERVED AND ADVANCE RELIGION.
THE MANAGEMENT AND ADMINISTRATIVE COSTS INCURRED TO OPERATE THE FOUNDATION, DIRECTLY SUPPORT, AND ARE NECESSARY TO CARRY OUT THE CHARITABLE PROGRAMS AND ACTIVITIES CONDUCTED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lakshman Agadi President | 1 | $0 | |
Amar Agadi Treasurer | 2 | $0 | |
Aarathi Singh Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,699 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,211 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $178,488 |
| 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 | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $26,750 |
| Total expenses and disbursements | $26,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,845 |
| Savings and temporary cash investments | $32,849 |
| 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 | $506,201 |
| 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, Dr Vedavathi & Lakshman Agadi Foundation Nfp has awarded $26,750 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Naperville, IL PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $20,000 |
Chicago, IL PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $3,000 |
OAK BROOK PARK DISTRICT PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $1,250 |
Coconut Creek, FL PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $1,000 |
EKAL VIDALAYA FOUNDATION USA PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $1,000 |
HABITAT FOR HUMANITY PURPOSE: DONATION TO A DOMESTICALLY REGISTERED CHARITABLE ORGANIZATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asante Foundation Inc South Bend, IN | $170,490,031 | $16,382,298 |
Klaff Family Foundation Chicago, IL | $171,629,374 | $12,167,429 |
Deborah Joy Simon Foundation Carmel, IN | $67,791,546 | $8,858,983 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
The Pritzker Pucker Family Foundation Chicago, IL | $63,807,485 | $11,921,924 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
Sunshine Charitable Foundation Libertyville, IL | $0 | $4,219,972 |
Tracy Family Foundation Mt Sterling, IL | $19,754,710 | $6,714,098 |
Chicagobeyond Inc Chicago, IL | $1,837,444 | $0 |
Conduit Foundation Chicago, IL | $3,365,161 | $7,119,515 |
Anahata Foundation Chicago, IL | $150,849,919 | $3,685,553 |
Melitta S And Joan M Pick Charitable Trust Milwaukee, WI | $69,688,567 | $15,533,257 |