The Chakrabarti Foundation
- Assets
- $193.2k
- Revenue
- $4.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Laurel, NJ
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 25-1735900
Organization Overview
The Chakrabarti Foundation is located in Mt Laurel, NJ. The organization was established in 1997. 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. Chakrabarti 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 12/2022, Chakrabarti Foundation generated $4.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (59.0%) each year. All expenses for the organization totaled $4.7k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION GRANTED SCHOLARSHIPS TO 4 CHILDREN OF EMPLOYEES FOR STUDIES AT VARIOUS COLLEGES AND UNIVERSITIES.
THE PARITOSH AND SRIMATI CHAKRABARTI ASHRAM IS A THINK TANK. THE THINK TANK WILL BE COMPRISED OF TWENTY SCHOLARLY VOLUNTEERS DRAWN FROM DIFFERENT DISCIPLINES OF ARTS, SCIENCE, ENGINEERING WITHOUT RESTRICTION TO COLOR, CREED, CASTE, ETHNICITY, OR RELIGION. THEIR JOB WILL BE PURELY EDUCATIONAL IN NATURE. THEY WILL USE THEIR COLLECTIVE WISDOM TO RESEARCH, DESIGN, AND PROMOTE PROGRAMS ON BOTH A LOCAL AND GLOBAL SCALE SO AS TO BRING PEACE, HARMONY, AND UNITY AMONG VARIOUS RELIGIOUS, CULTURAL AND RACIAL GROUPS. AS SUCH AN INTEGRAL PART OF THEIR JOB WILL BE TO CATALYZE CRITICAL ACTIONS FOR THE MORAL AND MENTAL IMPROVEMENT OF MEN, WOMEN AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paritosh Chakrabarti Vp/secretary/trustee | 0 | $0 | |
Srimati Chakrabarti President/trustee | 0 | $0 | |
Debtosh Chakrabarti Trustee | 0 | $0 | |
Raj Chakrabarti Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| 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 | $4 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70 |
| Total operating and administrative expenses | $2,670 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $4,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,603 |
| 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 | $158,623 |
| Other assets | $0 |
| Total assets | $193,226 |
| 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, The Chakrabarti Foundation has awarded $2,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAROLINE STUART PURPOSE: GENERAL SCHOLARSHIP | $500 |
NATALIE STUART PURPOSE: GENERAL SCHOLARSHIP | $500 |
SHAWNA MCALISTER PURPOSE: GENERAL SCHOLARSHIP | $500 |
BROOKE LITER PURPOSE: GENERAL SCHOLARSHIP | $500 |