Gwen And Madan Kandula Foundation Inc
- Assets
- $2.1m
- Revenue
- $86.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Elm Grove, WI
- Founding
- Data as of
- 12/2023
- EIN
- 85-3618208
Organization Overview
Gwen And Madan Kandula Foundation Inc is located in Elm Grove, WI. 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. Gwen And Madan Kandula 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 12/2023, Gwen And Madan Kandula Foundation Inc generated $86.6k 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 (54.3%) each year. All expenses for the organization totaled $123.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madan Kandula President And Director | 0.5 | $0 | |
Gwen Kandula Vp, Secretary, Treasurer & Director | 0.5 | $0 | |
Mia Kandula Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $468 |
| Dividends & Interest | $102,058 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,955 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $312 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,839 |
| Contributions, gifts, grants paid | $95,477 |
| Total expenses and disbursements | $123,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,774 |
| 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 | $2,061,945 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,095,719 |
| 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, Gwen And Madan Kandula Foundation Inc has awarded $95,477 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BANK OF AMERICA - DONOR ADVISED FUND PURPOSE: TO SUPPORT VARIOUS PUBLIC CHARITABLE ORGANIZATIONS | $93,441 |
MARQUETTE UNIVERSITY HIGH SCHOOL PURPOSE: PARENT PARTNERSHIP PROGRAM THAT HELPS TO ASSURE ACCESSIBILITY AND AFFORDABILITY OF THE MUHS EXPERIENCE OF FAITH, SCHOLARSHIP AND COMMUNITY TO MORE YOUNG MEN. | $1,000 |
WOMEN'S CARE CENTER PURPOSE: TO PROVIDE COUNSELING, SUPPORT, AND EDUCATION FOR PREGNANT WOMEN | $1,036 |