Tummala Charitable Foundation
- Assets
- $952.2k
- Revenue
- $120.5k
- Investments
- $694.3k
- Employees
- 0
- Location
- Flint, MI
- Founding
- 09/2007
- Data as of
- 12/2023
- EIN
- 20-8021751
Organization Overview
Tummala Charitable Foundation is located in Flint, MI. The organization was established in 2007. 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. Tummala Charitable Foundation 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, Tummala Charitable Foundation generated $120.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $55.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Tummala Charitable Foundation has awarded 157 individual grants totaling $399,434. 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 |
|---|---|---|---|
Madhusudana Rao Tummala President | 0 | $0 | |
Sabita Tummala Secretary | 0 | $0 | |
Pradyumna E Tummala Director | 0 | $0 | |
Pratyusha Tummala-Narra Director | 0 | $0 | |
Venkat Tummala Director | 0 | $0 | |
Neel Tummala Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,612 |
| Dividends & Interest | $8,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $98,839 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,620 |
| Total operating and administrative expenses | $8,683 |
| Contributions, gifts, grants paid | $47,100 |
| Total expenses and disbursements | $55,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,302 |
| Savings and temporary cash investments | $237,618 |
| 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 | $952,210 |
| 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, Tummala Charitable Foundation has awarded $47,100 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
APFED PURPOSE: GENERAL | $10,000 |
BOYS AND GIRLS CLUB OF GREATER FLIN PURPOSE: GENERAL | $10,000 |
CATHOLIC CHARITIES PURPOSE: GENERAL | $1,000 |
CHINMAYA MISSION FLINT PURPOSE: GENERAL | $500 |
COMMUNITY FOUNDATION OF GREATER FLI PURPOSE: GENERAL | $500 |
FLINT PUBLIC LIBRARY PURPOSE: GENERAL | $2,000 |