The Sikand Foundation Inc
- Assets
- $34.2m
- Revenue
- $2.1m
- Investments
- $29.9m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 06/1988
- Data as of
- 11/2023
- EIN
- 95-4109267
Organization Overview
The Sikand Foundation Inc is located in Sherman Oaks, CA. The organization was established in 1988. 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. Sikand 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 11/2023, Sikand Foundation Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $2.6m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sikand Foundation Inc has awarded 1,222 individual grants totaling $15,182,279. 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 |
|---|---|---|---|
Annette Sikand President | 5 | $0 | |
Mark Sikand CFO | 5 | $0 | |
Renee Sikand Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $878,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,145,738 |
| Capital Gain Net Income | $1,145,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,866 |
| Total Revenue | $2,059,947 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,885 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,228 |
| Total operating and administrative expenses | $192,106 |
| Contributions, gifts, grants paid | $2,362,000 |
| Total expenses and disbursements | $2,554,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,939 |
| Savings and temporary cash investments | $1,856,419 |
| 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 | $2,270,000 |
| Other assets | $70,994 |
| Total assets | $34,230,817 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $800,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $64,157 |
| Total liabilities | $864,157 |
Grants Awarded
Over the last fiscal year, The Sikand Foundation Inc has awarded $2,647,000 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDRIA HOUSE PURPOSE: PURCHASE OF YELLOW AND GREEN HOUSES | $20,000 |
ALCOTT MENTAL HEALTH SERVICES PURPOSE: GENERAL SUPPORT | $2,000 |
ALLY CAT ALLIES INC PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN INDIA FOUNDATION PURPOSE: TARAIN PROJECT - TECHNOLOGY INVESTMENT AND JR AIF/MENTAL HEALTH | $33,000 |
AMERICAN KIDNEY FUND PURPOSE: GENERAL SUPPORT | $2,000 |
AMERICAN SOCIETY OF CIVIL ENGINEERS FOUNDATION PURPOSE: GENERAL SUPPORT | $1,000 |