Sahetya Foundation Inc
- Assets
- $1.2m
- Revenue
- $12.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- Data as of
- 12/2023
- EIN
- 85-4181711
Organization Overview
Sahetya Foundation Inc is located in Bowling Green, KY. 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. Sahetya 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, Sahetya Foundation Inc generated $12.2k 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 (70.4%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT, BENEFIT AND ASSIST 501 (C)(3) ORGANIZATIONS THAT SUPPORT EDUCATION AND RESEARCH OF LUNG AND HEART DISEASE INCLUDING BUT NOT LIMITED TO THE FOLLOWING ORGANIZATIONS; (I) ST. JUDE CHILDREN'S RESEARCH HOSPITAL, INC., A TENNESSEE NONPROFIT CHARTIABLE ORGANIZATION; (II) RONALD MCDONALD HOUSE OF CHARITIES OF KENTUCKIANA, INC. A KENTUCKY NONPROFIT CORPORATION OR RONALD MCDONALD HOUSE OF CHARITIES, INC., AN ILLINOIS NONPROFIT CORPORATION; (III) MARCH OF DIMES, INC., A NEW YORK NONPROFIT CORPORATION; (IV) NATIONAL CENTER FOR MISSING AND EXPLOITED CHILDREN, A DISTRICT OF COLUMBIA NON PROFIT CORPORATION; (V) THE SHRINERS' HOSPITAL FOR CHILDREN, A COLORADO NONPROFIT CORPORATION; AND (VI) UNITED STATES FUND FOR UNICEF, A NEW YORK NONPROFIT CORPORATION, ALL OF WHICH ARE PUBLICLY SUPPORTED ORGANIZATIONS, AS DEFINED IN INTERNAL REVENUE CODE SECTION 509(A), OR PROGRAMS WHICH SUPPORT OR BENEFIT SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT, BENEFIT AND ASSIST 501 (C)(3) ORGANIZATIONS THAT SUPPORT EDUCATION AND RESEARCH OF LUNG AND HEART DISEASE INCLUDING BUT NOT LIMITED TO THE FOLLOWING ORGANIZATIONS; (I) ST. JUDE CHILDREN'S RESEARCH HOSPITAL, INC., A TENNESSEE NONPROFIT CHARTIABLE ORGANIZATION; (II) RONALD MCDONALD HOUSE OF CHARITIES OF KENTUCKIANA, INC. A KENTUCKY NONPROFIT CORPORATION OR RONALD MCDONALD HOUSE OF CHARITIES, INC., AN ILLINOIS NONPROFIT CORPORATION; (III) MARCH OF DIMES, INC., A NEW YORK NONPROFIT CORPORATION; (IV) NATIONAL CENTER FOR MISSING AND EXPLOITED CHILDREN, A DISTRICT OF COLUMBIA NON PROFIT CORPORATION; (V) THE SHRINERS' HOSPITAL FOR CHILDREN, A COLORADO NONPROFIT CORPORATION; AND (VI) UNITED STATES FUND FOR UNICEF, A NEW YORK NONPROFIT CORPORATION, ALL OF WHICH ARE PUBLICLY SUPPORTED ORGANIZATIONS, AS DEFINED IN INTERNAL REVENUE CODE SECTION 509(A), OR PROGRAMS WHICH SUPPORT OR BENEFIT SUPPORTED ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | $0 | |
Nilam Keswani Director | Trustee | $0 | |
Gul K Sahetya Chairman | Trustee | $0 | |
Kalidas G Sahetya Secretary | Trustee | $0 | |
Sanjaya N Sahetya Director | Trustee | $0 | |
Vibha Talreja Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $12,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,809 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $108 |
| Total functional expenses | $93,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,160,827 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,378 |
| Total assets | $1,240,873 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,240,873 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,240,873 |
Grants Awarded
Over the last fiscal year, Sahetya Foundation Inc has awarded $170,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ST JUDES CHILDRENS RESEARCH | | | $90,000 |
RONALD MCDONALD CHARITIES OF KY | | | $80,850 |