Sikh Spirit Foundation
- Assets
- $11.0m
- Revenue
- $3.3m
- Investments
- $7.1m
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 87-0723170
Organization Overview
Sikh Spirit Foundation is located in San Antonio, TX. The organization was established in 2004. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sikh Spirit 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 12/2021, Sikh Spirit Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $548.8k during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sikh Spirit Foundation has awarded 61 individual grants totaling $2,668,556. 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 |
|---|---|---|---|
Parvinder Kaur Vice President | 0 | $0 | |
Gurpaul Singh Secretary | 0 | $0 | |
Gurvinder P Singh President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,000,000 |
| Interest on Savings | $3,292 |
| Dividends & Interest | $454,369 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$359,296 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $220,061 |
| Total Revenue | $3,318,426 |
| 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 | $571 |
| Printing and publications | $0 |
| Other expenses | $107,975 |
| Total operating and administrative expenses | $108,551 |
| Contributions, gifts, grants paid | $440,250 |
| Total expenses and disbursements | $548,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,301,698 |
| 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 | $7,148,830 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $514,346 |
| Total assets | $10,964,874 |
| 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 | $25,321 |
| Total liabilities | $25,321 |
Grants Awarded
Over the last fiscal year, Sikh Spirit Foundation has awarded $440,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
DASVANDH NETWORK PURPOSE: DONATION | $130,500 |
SIKH DHARAMSAL OF SAN ANTONIO PURPOSE: DONATION | $120,000 |
San Antonio, TX PURPOSE: DONATION | $100,000 |
PROMESA ACADEMY CHARTER SCHOOL PURPOSE: DONATION | $50,000 |
San Antonio, TX PURPOSE: DONATION | $25,000 |
MISC CHARITIES PURPOSE: DONATION | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Rachal Foundation Corpus Christi, TX | $646,089,771 | $106,764,115 |
Glory Of Zion International Ministries Inc Denton, TX | $19,221,752 | $22,884,653 |
Emmaus Calling Inc Lakeway, TX | $82,731,037 | $15,260,002 |
Evelyn Rubenstein Jewish Community Center Of Houston Texas Houston, TX | $63,544,592 | $32,335,855 |
Multi-Faith Retirement Services Live Oak Retirement Center Shreveport, LA | $13,466,156 | $10,872,483 |
Southern Oklahoma Memorial Foundation Inc Ardmore, OK | $106,106,910 | $11,493,167 |
El Paso Center For Children Inc El Paso, TX | $2,932,170 | $7,098,518 |
Adult & Teen Challenge Of Texas San Antonio, TX | $11,283,106 | $8,543,774 |
Project Vida El Paso, TX | $4,738,725 | $6,974,845 |
If Gathering Dallas, TX | $3,452,499 | $4,210,258 |
Ecumenical Center For Religion And Health San Antonio, TX | $7,342,387 | $4,148,621 |
To Every Tribe Los Fresnos, TX | $3,193,524 | $2,946,318 |