Saripalli Family Foundation Inc
- Assets
- $323.5k
- Revenue
- $13.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-5868532
Organization Overview
Saripalli Family Foundation Inc is located in Lawrence, KS. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Saripalli 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 12/2021, Saripalli Family Foundation Inc generated $13.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $11.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
KARUNYA-HOSA KIRANA PROVIDES MEDICAL AND EDUCATIONAL SERVICES TO CHILDREN AFFECTED BY HIV AIDS IN INDIA. FUNDS WERE SANCTIONED FOR FACILITY UPGRADES IN 2021.
VANDEMATARAM FOUNDATION IN LEWISVILLETEXAS PROVIDED COVID RELIEF AND EQUIPMENT IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suman Saripalli Foundation Mgr. | 4 | $0 | |
Pavika Saripalli Director | 2 | $0 | |
Rachel Mudumala Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,050 |
| Interest on Savings | $3,742 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,393 |
| Total operating and administrative expenses | $2,676 |
| Contributions, gifts, grants paid | $8,930 |
| Total expenses and disbursements | $11,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,994 |
| Savings and temporary cash investments | $70,585 |
| 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 | $5,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $240,388 |
| Other assets | $0 |
| Total assets | $323,467 |
| 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, Saripalli Family Foundation Inc has awarded $8,930 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KARUNYA HOSA KIRANA CHARITABLE SOC PURPOSE: MEDICAL AND EDUCATIONAL PURPOSES | $6,930 |
VANDEMATARAM FOUNDATION PURPOSE: COVID RELIEF | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Mutual Of Omaha Foundation Omaha, NE | $120,899,798 | $13,368,524 |
Claire M Hubbard Foundation Omaha, NE | $31,541,308 | $3,169,912 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
D F Dillon Foundation Lincoln, NE | $47,396,549 | $3,325,825 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |
Dehaemers Fam Charitable Tr Overland Park, KS | $122,347,321 | $4,858,235 |
The Helmerich Trust Tulsa, OK | $102,632,790 | $13,260,619 |
World Wide Technology Foundation St Louis, MO | $15,800,629 | $11,017,439 |
Sturm Family Foundation Denver, CO | $102,941,130 | $16,700,881 |