Sarma Charitable Foundation
- Assets
- $2.7m
- Revenue
- $171.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- Data as of
- 06/2023
- EIN
- 84-2840376
Organization Overview
Sarma Charitable Foundation is located in San Antonio, TX. 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. Sarma 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 2021, Sarma Charitable Foundation has awarded 46 individual grants totaling $689,197. 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 |
|---|---|---|---|
Linda Stolte Director/vice-Chairman | 1 | $0 | |
George Karutz Director/chairman | 1 | $0 | |
Bob Benavides Ex-Officio/president/ceo | 1 | $0 | |
Cindy Ramirez Ex-Officio/treasurer/secretary | 1 | $0 | |
Jerry Reavis Director | 1 | $0 | |
Diann Bonnin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $450 |
| Dividends & Interest | $76,990 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $94,509 |
| Capital Gain Net Income | $94,019 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $171,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,110 |
| Printing and publications | $0 |
| Other expenses | $30,307 |
| Total operating and administrative expenses | $222,843 |
| Contributions, gifts, grants paid | $355,007 |
| Total expenses and disbursements | $577,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,278 |
| Savings and temporary cash investments | $66,885 |
| 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 | $1,088 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,546,031 |
| Net Land, buildings, and equipment | $4,227 |
| Other assets | $0 |
| Total assets | $2,652,509 |
| Accounts payable and accrued expenses | $340 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $60 |
| Other liabilities | $0 |
| Total liabilities | $400 |
Grants Awarded
Over the last fiscal year, Sarma Charitable Foundation has awarded $355,007 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMO BREAST CANCER FOUNDATION PURPOSE: BREAST CANCER AWARENESS DONATION | $1,000 |
ALAMO CITY WOLFPACK PURPOSE: GOLF TOURNAMENT SPONSORSHIP | $500 |
AMERICAN RED CROSS PURPOSE: DONATION FOR HURRICANE IAN IN FLORIDA - | $85,100 |
ARBOR CIRCLE PURPOSE: GOLF CHARITY EVENT | $7,000 |
HABITAT FOR HUMANITY OF L PURPOSE: HOUSE DONATION | $75,000 |
HABITAT FOR HUMANITY OF PINELLAS & W PASCO PURPOSE: DONATION | $1,000 |