Krishanamurthy Tandon Foundation Inc
- Assets
- $159.6m
- Revenue
- $35.1m
- Investments
- $150.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 04-3744965
Organization Overview
Krishanamurthy Tandon Foundation Inc is located in New York, NY. The organization was established in 2004. 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. Krishanamurthy Tandon 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, Krishanamurthy Tandon Foundation Inc generated $35.1m in total revenue. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 24.5% per year over the past 9 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 2015, Krishanamurthy Tandon Foundation Inc has awarded 143 individual grants totaling $37,057,316. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUL CHANTS MUSIC - HAS PARTNERED WITH ORGANIZATIONS IN THEFIELDS OF COMMUNITY BUILDING, ARTS AND SPIRITUALITY - USINGTHE TRANSFORMATIVE POWER OF MUSIC TO EMPOWER THEMSELVES ANDOTHERS AS WELL AS HELP SUSTAIN UNDERPRIVILEDGED MUSICIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandrika Tandon Director | 0 | $0 | |
Ranjan Tandon Director | 0 | $0 | |
Lita Tandon Director | 0 | $0 | |
Deven Sharma Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $119,892 |
| Dividends & Interest | $31,109,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,820,916 |
| Capital Gain Net Income | $3,820,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $322 |
| Other Income | $0 |
| Total Revenue | $35,050,231 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $244,435 |
| Pension plans, employee benefits | $0 |
| Interest | $63,698 |
| Taxes | $5,219,331 |
| Depreciation | $2,409 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $675,171 |
| Total operating and administrative expenses | $6,434,112 |
| Contributions, gifts, grants paid | $775,572 |
| Total expenses and disbursements | $7,209,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,635,638 |
| 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 | $66,747 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $150,917,660 |
| Net Land, buildings, and equipment | $925 |
| Other assets | $4,700 |
| Total assets | $159,625,670 |
| Accounts payable and accrued expenses | $9,970 |
| 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 | $9,970 |
Grants Awarded
Over the last fiscal year, Krishanamurthy Tandon Foundation Inc has awarded $775,572 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ART OF LIVING FOUNDATION PURPOSE: EDUCATIONAL AND HUMANITARIAN ORGANIZATION | $25,001 |
CHILDRENS HOPE INDIA PURPOSE: GENERAL SUPPORT | $25,000 |
NEW YORK UNIVERSITY PURPOSE: HIGHER EDUCATION | $200,000 |
ONE SMALL HOUSE PURPOSE: COMMUNITY BUILDING | $2,501 |
PICKLEBERRY PIE INC PURPOSE: GENERAL SUPPORT | $1,001 |
AMERICAN ACADEMY OF ARTS & SCIENCE PURPOSE: GENERAL SUPPORT | $25,000 |