Ramesh And Kalpana Bhatia Familyfoundation
- Assets
- $13.8m
- Revenue
- $2.9m
- Investments
- $13.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2006
- Data as of
- 12/2022
- EIN
- 20-5345499
Organization Overview
Ramesh And Kalpana Bhatia Familyfoundation is located in Wilmington, DE. The organization was established in 2006. 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. Ramesh And Kalpana Bhatia Familyfoundation 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, Ramesh And Kalpana Bhatia Familyfoundation generated $2.9m in total revenue. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 32.0% per year over the past 4 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 2019, Ramesh And Kalpana Bhatia Familyfoundation has awarded 113 individual grants totaling $15,689,861. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONLY CHARITABLE ACTIVITY DURING THE TAX YEAR WAS THE DIRECT CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Bhatia Dir, Pres | 10 | $51,458 | |
Niraj Bhatia Dir | 10 | $57,000 | |
Ramesh Bhatia Dir | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comerica Bank | 12/30/22 | $59,326 |
Foundation Source | 12/30/22 | $57,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,741,057 |
| Interest on Savings | $5,728 |
| Dividends & Interest | $426,188 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $686,814 |
| Capital Gain Net Income | $988,013 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,859,787 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,458 |
| Other employee salaries and wages | $116,375 |
| Pension plans, employee benefits | $67,126 |
| Interest | $0 |
| Taxes | $25,523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,665 |
| Printing and publications | $0 |
| Other expenses | $64,746 |
| Total operating and administrative expenses | $505,907 |
| Contributions, gifts, grants paid | $3,644,030 |
| Total expenses and disbursements | $4,149,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $345,464 |
| Net Accounts receivable | $3,698 |
| 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 | $13,831,244 |
| Accounts payable and accrued expenses | $67,885 |
| 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 | $67,885 |
Grants Awarded
Over the last fiscal year, Ramesh And Kalpana Bhatia Familyfoundation has awarded $3,644,030 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY CONNECTION TEXAS PURPOSE: FORMAL FUND | $10,000 |
AUSTENS AUTISTIC ADVENTURES PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
AMERICAN FRIENDS OF HELPAGE INDIA INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
BEST BUDDIES PURPOSE: GENERAL & UNRESTRICTED | $500 |
CHARITY GLOBAL INC - CHARITY WATER PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
COMMUNITIES FOUNDATION OF TEXAS PURPOSE: NORTH TEXAS GIVING DAY | $100,000 |