Ashok And Mary Kumar Foundation Inc
- Assets
- $219.6k
- Revenue
- $4.0k
- Investments
- $217.3k
- Employees
- 0
- Location
- Columbus, GA
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 58-2523920
Organization Overview
Ashok And Mary Kumar Foundation Inc is located in Columbus, GA. The organization was established in 2000. 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. Ashok And Mary Kumar Foundation Inc 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, Ashok And Mary Kumar Foundation Inc generated $4.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $13.9k during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JUDES CHILDRIN RESEARCH HOSPITAL
SHRINERS HOSPITAL FOR CHILDREN
EASTERSEALS WEST GEORGIA
VALLEY RESCUE MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kumar Treasurer | 1 | $0 | |
Tara Kumar Secretary | 1 | $0 | |
Anita Kumar Trustee | 1 | $0 | |
Ashok Kumar President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,513 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,968 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,850 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $13,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,285 |
| Savings and temporary cash investments | $0 |
| 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 | $219,551 |
| 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, Ashok And Mary Kumar Foundation Inc has awarded $12,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
TUNNEL W TOWER FOUNDATION PURPOSE: GENERAL FUND | $1,000 |
PAWS COLUMBUS PURPOSE: GENERAL FUND | $1,000 |
PAWS ATLANTA PURPOSE: GENERAL FUND | $1,000 |
Columbus, GA PURPOSE: GENERAL FUND | $1,000 |
ST JUDES CHILDREN'S RESEARCH PURPOSE: GENERAL FUND | $1,000 |
Columbus, GA PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |