Wadhwani Charitable Foundation
- Assets
- $137.4m
- Revenue
- -$12.8m
- Investments
- $132.6m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 77-0450893
Organization Overview
Wadhwani Charitable Foundation is located in Los Altos, CA. 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. Wadhwani Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Wadhwani Charitable Foundation has awarded 105 individual grants totaling $23,820,823. 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 |
|---|---|---|---|
Romesh T Wadhwani CEO | 0.5 | $0 | |
Kathleen E Wadhwani Secretary/cfo | 0.5 | $0 | |
Atul Raja Executive Vp, | 40 | $92,936 | |
Austin Thomas Executive Vice-Presi | 40 | $89,445 | |
Sunita Singh Executive Vp, | 40 | $58,342 | |
Swati Mittal Financial Controller | 40 | $56,777 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Price Waterhouse Coopers Private Limited | 12/30/19 | $60,168 |
Better Future Consultancy Charges | 12/30/19 | $56,507 |
Cloud Kinetics Technology Solutions (P) Ltd | 12/30/19 | $50,171 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,073 |
| Dividends & Interest | $90,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,017,641 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,949,012 |
| Total Revenue | -$12,839,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $380,689 |
| Pension plans, employee benefits | $4,694 |
| Interest | $0 |
| Taxes | $485,999 |
| Depreciation | $0 |
| Occupancy | $26,580 |
| Travel, conferences, and meetings | $13,727 |
| Printing and publications | $0 |
| Other expenses | $124,790 |
| Total operating and administrative expenses | $1,156,238 |
| Contributions, gifts, grants paid | $6,225,001 |
| Total expenses and disbursements | $7,381,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,371 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,698,307 |
| 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 | $69 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $132,605,347 |
| Net Land, buildings, and equipment | $11,063 |
| Other assets | $81,898 |
| Total assets | $137,425,055 |
| Accounts payable and accrued expenses | $141,355 |
| 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 | $943,041 |
| Total liabilities | $1,084,396 |
Grants Awarded
Over the last fiscal year, Wadhwani Charitable Foundation has awarded $6,225,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR EXCELLENCE PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
AMERICAN INDIA FOUNDATION PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
INDIASPORA PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
INDIA COMMUNITY CENTER PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
MAITRI FOUNDATION PURPOSE: GENERAL PUBLIC SUPPORT | $25,000 |
SAN FRANCISCO FOUNDATION PURPOSE: GENERAL PUBLIC SUPPORT | $6,100,000 |