Saripalli Family Foundation Inc
- Assets
- $321.8k
- Revenue
- $8.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 02/2007
- Data as of
- 12/2023
- 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 12/2023, Saripalli Family Foundation Inc generated $8.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.3%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE- N A
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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 | $4,500 |
| Interest on Savings | $3,861 |
| 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 | $8,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $619 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,218 |
| Total operating and administrative expenses | $2,837 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,733 |
| Savings and temporary cash investments | $70,140 |
| 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 | $321,761 |
| 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 $756 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALEX PHIN PURPOSE: UKRAINE REBUILDING APPEAL. PAID VIA PAYPAL. | $256 |
JAYHAWK MODEL MASTERS PURPOSE: MODEL AIRPLANE CLUB- PROMOTION OF STEM EDUCATION | $500 |