Lingam Foundation Inc
- Assets
- $1.2m
- Revenue
- $943.5k
- Investments
- $272.9k
- Employees
- 0
- Location
- Long Island City, NY
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-3506404
Organization Overview
Lingam Foundation Inc is located in Long Island City, NY. The organization was established in 2017. 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. Lingam 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, Lingam Foundation Inc generated $943.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 47.9% each year . All expenses for the organization totaled $5.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sashi Kiran Lingam President/treasurer/direct | 1 | $0 | |
Sheela Lingam Secretary/director | 1 | $0 | |
Bindu Lingam Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $950,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,604 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,055 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $943,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $278 |
| Total operating and administrative expenses | $3,497 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $5,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $972,027 |
| 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 | $148,182 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,244,947 |
| 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, Lingam Foundation Inc has awarded $3,066 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HINDU TEMPLE OF ATLANTA PURPOSE: GENERAL SUPPORT | $1,501 |
TANA FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |
CODE INSPIRE PURPOSE: GENERAL SUPPORT | $200 |
SRIM CENTER PURPOSE: GENERAL SUPPORT | $365 |