Surest Inc
- Assets
- $278.0k
- Revenue
- $101.9k
- Investments
- $278.0k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-4284216
Organization Overview
Surest Inc is located in Cambridge, MA. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surest 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, Surest Inc generated $101.9k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $19.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (74.8%) per year over the past 2 years. 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 |
|---|---|---|---|
Lakshminarayan Mahadevan President | 5 | $0 | |
Amala K Mahadevan Treasurer | 5 | $0 | |
Kausalya Mahadevan Secretary | 2 | $0 | |
Aditya Mahadevan Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,715 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $19 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $278,024 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $660 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James M And Cathleen D Stone Family Foundation Inc Boston, MA | $8,055,068 | $16,240,815 |
Aging Biology Foundation Inc Boston, MA | $20,647 | $3,491,863 |
American Friends Of Zichron Nechama Inc Brooklyn, NY | $0 | $3,267,099 |
Eth Zurich Foundation Usa Inc New York, NY | $24,060 | $1,226,843 |
Remote Ecologist Inc Darien, CT | $11,834 | $0 |
New England Regional Turfgrass Research Tr Middletown, RI | $27,525 | $0 |
Changemakertrust Inc Boston, MA | $120,163 | $0 |
Luke Heller Tec Pr2 Foundation Swampscott, MA | $0 | $107 |
Surest Inc Cambridge, MA | $278,024 | $101,934 |
Cardinah Foundation Hopkinton, MA | $0 | $0 |