Sonni Family Foundation Inc
- Assets
- $1.4m
- Revenue
- $329.9k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sebring, FL
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-2015095
Organization Overview
Sonni Family Foundation Inc is located in Sebring, FL. The organization was established in 2006. 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. Sonni Family 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 12/2022, Sonni Family Foundation Inc generated $329.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $56.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sonni Family Foundation Inc has awarded 123 individual grants totaling $352,491. 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 |
|---|---|---|---|
Rajeswari Sonni President | 1 | $0 | |
Ashok Sonni Vice Pres | 1 | $0 | |
Sean S Sonni Director | 1 | $0 | |
Smitha Sonni Director | 1 | $0 | |
Sandya Radhakrishna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125 |
| Capital Gain Net Income | $125 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $250,000 |
| Total Revenue | $329,880 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,137 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,738 |
| Total operating and administrative expenses | $8,708 |
| Contributions, gifts, grants paid | $47,319 |
| Total expenses and disbursements | $56,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,716 |
| Savings and temporary cash investments | $272,232 |
| 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 | $1,352,645 |
| 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, Sonni Family Foundation Inc has awarded $47,319 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT HEALTH PURPOSE: GENERAL SUPPORT | $2,000 |
CHINMAYA MISSION ORLANDO PURPOSE: GENERAL SUPPORT | $3,000 |
SRIGANDA KANNADA ASSOCIATION PURPOSE: COLLEGE SCHOLARSHIP | $500 |
HINDU TEMPLE OF FLORIDA PURPOSE: GENERAL SUPPORT | $1,658 |
FLORIDA DEPARTMENT OF STATE PURPOSE: GENERAL SUPPORT | $61 |
SHANERIA WILLIAMS PURPOSE: COLLEGE SCHOLARSHIP | $4,000 |