Kodali Family Private Foundation
- Assets
- $229.5k
- Revenue
- $250.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 56-2094126
Organization Overview
Kodali Family Private Foundation is located in Durham, NC. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Kodali Family Private 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, Kodali Family Private Foundation generated $250.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.6% each year . All expenses for the organization totaled $256.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kodali Family Private Foundation has awarded 32 individual grants totaling $301,209. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valli Kodali President | 2 | $0 | |
Usha Kodali Vice President | 2 | $0 | |
Aneesh Kodali Board Member | 2 | $0 | |
Anudeep Kodali Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $104 |
| Capital Gain Net Income | $104 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $250,104 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $131 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,116 |
| Total operating and administrative expenses | $2,958 |
| Contributions, gifts, grants paid | $253,500 |
| Total expenses and disbursements | $256,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,873 |
| Savings and temporary cash investments | $227,667 |
| 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 | $229,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,016 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,016 |
Grants Awarded
Over the last fiscal year, Kodali Family Private Foundation has awarded $253,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SRI VENKATESWARA TEMPLE OF NORTH CAROLINA PURPOSE: OPERATION OF HINDU TEMPLE IN CARY, NC AND PERFORM AND UPHOLD HINDU RELIGIOUS ACTIVITIES. | $250,000 |
TRIANGLE AREA TELUGU ASSOCIATION PURPOSE: PROMOTE LITERACY, CULTURAL, EDUCATIONAL, RELIGOUS, SOCIAL, ECONOMIC, HEALTH, AND COMMUNITY SERVICES OF TELUGA SPEAKING PEOPLE IN THE TRIANGLE AREA. | $3,000 |
EKAL VIDYALAYA FOUNDATION PURPOSE: RELENTLESSLY WORK TO RAISE RESOURCES FOR SCHOOLS, GRAMOTHAN FOUNDATION WORKS FOR INTEGRATED & HOLISTIC VILLAGE DEVELOPMENT, AROGYA FOUNDATION WORKS FOR HEALTH CARE, SHSS IS RESPONSIBLE FOR PROMOTING CULTURAL HERITAGE AND EKAL SANSTHAN TAKES CARE OF QUALITY CONTROL, RESEARCH & DEVELOPMENT, MEDIA ALONG WITH POLICY & ADVOCACY. EVFI IS RESPONSIBLE FOR JUDICIOUS MANAGEMENT OF FUNDS RAISED FROM OUTSIDE INDIA. | $500 |