Protech Impact Foundation Inc
- Assets
- $11.7m
- Revenue
- -$302.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 02/2003
- Data as of
- 10/2021
- EIN
- 75-2972385
Organization Overview
Protech Impact Foundation Inc is located in Little Rock, AR. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Protech Impact 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Satish Garimalla Director | 5 | $0 | |
Shiva Duvvuru Director | 5 | $0 | |
Nagaraj Garimalla Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $76 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$302,204 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$302,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,545 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,651,967 |
| Savings and temporary cash investments | $84,886 |
| 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 | $300 |
| 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 | $11,737,153 |
| 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 | $541,441 |
| Total liabilities | $541,441 |
Grants Awarded
Over the last fiscal year, Protech Impact Foundation Inc has awarded $215,412 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD GRID DEVELOPMENT SOFTWARE PURPOSE: REINTEGRATION OF FORMR CONVICTS | $214,800 |
INDIA FEST PURPOSE: GOODWILL | $500 |
RAVI CHELLAMUTHU PURPOSE: GOODWILL | $112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hirsch Family Foundation Dallas, TX | $52,981,348 | $34,969,949 |
Entergy Charitable Foundation New Orleans, LA | $10,718,766 | $2,697,786 |
Smith Family Foundation Austin, TX | $2,063,167 | $8,401,265 |
Nancy Smith Hurd Foundation Tr San Antonio, TX | $73,883,656 | $7,181,888 |
Santander Consumer Usa Inc Foundation Dallas, TX | $61,196,374 | $60,000,000 |
Hal & Charlie Peterson Foundation Kerrville, TX | $63,600,144 | $3,895,944 |
Boone Family Foundation Dallas, TX | $0 | $1,805,045 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
William A Brookshire Foundation Lakeway, TX | $44,188,133 | $14,237,408 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
One Gas Foundation Inc Tulsa, OK | $37,667,049 | $5,198,491 |