Foundation Source 1410 Inc
- Assets
- $6.0m
- Revenue
- $441.7k
- Investments
- $5.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 81-4121880
Organization Overview
Foundation Source 1410 Inc is located in Wilmington, DE. 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. Foundation Source 1410 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 12/2023, Foundation Source 1410 Inc generated $441.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $302.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Foundation Source 1410 Inc has awarded 54 individual grants totaling $764,000. 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 |
|---|---|---|---|
Ari Daman Co- Pres, Dir | 4 | $0 | |
Srinivasa Narayanan Dir, Sec, Treas, Co- Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $479 |
| Dividends & Interest | $403,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,700 |
| Capital Gain Net Income | $37,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $441,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,741 |
| Total operating and administrative expenses | $67,340 |
| Contributions, gifts, grants paid | $235,500 |
| Total expenses and disbursements | $302,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,172 |
| 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 | $5,957,266 |
| 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, Foundation Source 1410 Inc has awarded $235,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ASHOKA TRUST FOR RESEARCH IN ECOLOGY AND THE ENVIR PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
ASHOKA TRUST FOR RESEARCH IN ECOLOGY AND THE ENVIR PURPOSE: THE URBAN GARDEN PROJECT IN INDIA | $18,000 |
BHARATA DANCE & ALLIED ARTS PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
BLACK LANDSCAPE ARCHITECTS NETWORK PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
IIT MADRAS FOUNDATION PURPOSE: TO SET UP AN ENDOWMENT FUND AT IIT MADRAS AND TO SUPPORT NEW HIRES FROM THE DEPARTMENT OF COMPUTER SCIENCE & ENGINEERING IN AI AND DATA SCIENCE AT IITM | $90,000 |
INCLUSIVE WORLD PURPOSE: GENERAL & UNRESTRICTED | $1,500 |