The Murthynayak Foundation Inc
- Assets
- $6.8m
- Revenue
- $768.4k
- Investments
- $4.3m
- Employees
- 0
- Location
- Lutherville, MD
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 80-0016494
Organization Overview
The Murthynayak Foundation Inc is located in Lutherville, MD. The organization was established in 2002. 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. Murthynayak 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 12/2021, Murthynayak Foundation Inc generated $768.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $399.7k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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 2014, Murthynayak Foundation Inc has awarded 282 individual grants totaling $2,423,823. 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 |
|---|---|---|---|
Sheela Murthy President | 1 | $0 | |
Vasant Nayak Vice President | 1 | $0 | |
Shay Taylor Secretary | 1 | $0 | |
Nijay Nayak Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $520,253 |
| Interest on Savings | $0 |
| Dividends & Interest | $248,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $768,430 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,960 |
| Contributions, gifts, grants paid | $395,777 |
| Total expenses and disbursements | $399,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,498,639 |
| 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 | $6,800,819 |
| 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, The Murthynayak Foundation Inc has awarded $395,777 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
RAHAAB PURPOSE: EDUCATIONAL CONTENT GENERATION | $59,530 |
Washington, DC PURPOSE: GENERAL SUPPORT | $50,000 |
NALANDAWAYCPB PURPOSE: PHOTOGRAPHY EDUCATION | $30,500 |
PATHSHALA-CHOBI PURPOSE: EDUCATIONAL SUPPORT | $25,000 |
CHOSE COMMUNE PURPOSE: BOOK PRINTING GRANT | $24,772 |
New York, NY PURPOSE: GENERAL SUPPORT | $21,526 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Murthynayak Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
James And Jacqueline Stradtner Foundation Inc Ruxton, MD PURPOSE: UNRESTRICTED | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |