Lakshan Foundation Inc
- Assets
- $39.6m
- Revenue
- $782.5k
- Investments
- $38.9m
- Employees
- 0
- Location
- Peachtree Corners, GA
- Founding
- 02/2020
- Data as of
- 12/2022
- EIN
- 84-3298250
Organization Overview
Lakshan Foundation Inc is located in Peachtree Corners, GA. The organization was established in 2020. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Lakshan 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, Lakshan Foundation Inc generated $782.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (62.6%) each year.
Since 2020, Lakshan Foundation Inc has awarded 13 individual grants totaling $4,511,803. 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 |
|---|---|---|---|
Subramonian Shankar Secretary | 2 | $0 | |
Lakshmi Shankar Secretary | 0.5 | $0 | |
Ambika Shankar Secretary | 0.5 | $0 | |
Ananth Shankar Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165,532 |
| Dividends & Interest | $829,031 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$212,066 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $782,497 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,569 |
| Taxes | $33,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,884 |
| Printing and publications | $9 |
| Other expenses | $96,356 |
| Total operating and administrative expenses | $150,966 |
| Contributions, gifts, grants paid | $1,560,548 |
| Total expenses and disbursements | $1,711,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $695,105 |
| 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 | $38,878,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $39,574,081 |
| Accounts payable and accrued expenses | $352 |
| 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 | $352 |
Grants Awarded
Over the last fiscal year, Lakshan Foundation Inc has awarded $1,560,548 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
INDIA AMERICA CULTURAL ASSOCIATION PURPOSE: 501(C)(3) SUPPORT | $10,000 |
ATLANTA COMMUNITY FOOD BANK PURPOSE: 501(C)(3) SUPPORT | $700,000 |
THE HINDU TEMPLE OF ATLANTA PURPOSE: 501(C)(3) SUPPORT | $200,000 |
UNIVERSITY OF NEW BRUNSWICK PURPOSE: 501(C)(3) SUPPORT | $550,548 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: 501(C)(3) SUPPORT | $100,000 |