Lalit K & Anubha Gupta Family Foundation Inc
- Assets
- $1.0m
- Revenue
- $407.7k
- Investments
- $914.6k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 59-3414979
Organization Overview
Lalit K & Anubha Gupta Family Foundation Inc is located in Washington, DC. The organization was established in 1997. 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. Lalit K & Anubha Gupta Family 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, Lalit K & Anubha Gupta Family Foundation Inc generated $407.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $96.6k during the year ending 12/2022. While expenses have increased by 13.2% per year over the past 5 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 2017, Lalit K & Anubha Gupta Family Foundation Inc has awarded 65 individual grants totaling $418,164. 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 |
|---|---|---|---|
Lalit K Gupta President/tr | 3 | $0 | |
Anubha Gupta Secretary | 2 | $0 | |
Aditi Gupta Director | 1 | $0 | |
Vaani Gupta Director | 1 | $0 | |
Arjun Gupta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,090 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,129 |
| Capital Gain Net Income | $335,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $407,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,359 |
| Total operating and administrative expenses | $4,068 |
| Contributions, gifts, grants paid | $92,500 |
| Total expenses and disbursements | $96,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,087 |
| Savings and temporary cash investments | $117,919 |
| 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 | $914,590 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,041,596 |
| 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, Lalit K & Anubha Gupta Family Foundation Inc has awarded $92,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIATION FOR INDIA'S DEVELOPMENT PURPOSE: DEVELOPMENT | $15,000 |
EDU-GIRLS PURPOSE: EDUCATION OF GIRLS | $5,000 |
AMERICAN ASSOCIATION OF STUDY OF PURPOSE: TO PROMOTE LIVER HEALTH | $55,000 |
GLOBAL PRAGATHI PURPOSE: CARE FOR POOR IN INDIA | $5,000 |
INDIANA UNIVERSITY FOUNDATION PURPOSE: TO PROMOTE MEDICAL RESEARCH | $2,500 |
VISION AID INDIA PURPOSE: HELP THE BLIND IN INDIA | $2,500 |