Sohum Foundation
- Assets
- $805.1k
- Revenue
- $584.7k
- Investments
- $738.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 86-2232218
Organization Overview
Sohum Foundation is located in Chicago, IL. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Sohum Foundation 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, Sohum Foundation generated $584.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $321.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Sohum Foundation has awarded 25 individual grants totaling $692,401. 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 |
|---|---|---|---|
Nandini Mansharamani President And Director | 0.25 | $0 | |
Puneet Mansharamani Treasurer And Director | 0.25 | $0 | |
Pranav Mayuram Secretary And Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $550,000 |
| Interest on Savings | $439 |
| Dividends & Interest | $24,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,355 |
| Capital Gain Net Income | $9,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $584,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $729 |
| Contributions, gifts, grants paid | $320,300 |
| Total expenses and disbursements | $321,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,166 |
| 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 | $738,936 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $805,102 |
| 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, Sohum Foundation has awarded $320,300 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BY THE HAND CLUB FOR KIDS PURPOSE: GENERAL PURPOSES | $5,000 |
AMERICAN INDIA FOUNDATION (AIF) - CHICAGO CHAPTER PURPOSE: GENERAL PURPOSES | $28,400 |
HAND IN HAND USA PURPOSE: GENERAL PURPOSES | $129,000 |
CHICAGO POLICE MEMORIAL FOUNDATION PURPOSE: GENERAL PURPOSES | $500 |
IMPACT GRANTS CHICAGO PURPOSE: GENERAL PURPOSES | $2,200 |
INDEGO AFRICA PROJECT PURPOSE: GENERAL PURPOSES | $60,500 |