Sita Foundation
- Assets
- $12.9m
- Revenue
- $383.3k
- Investments
- $11.6m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 26-0011433
Organization Overview
Sita Foundation is located in Saratoga, CA. The organization was established in 2002. 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. Sita 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, Sita Foundation generated $383.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sita Foundation has awarded 239 individual grants totaling $9,621,563. 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 |
|---|---|---|---|
Vijay Ullal Treasurer | 2 | $0 | |
Jayshree Ullal Secretary | 1 | $0 | |
Adeeti Ullal CEO | 0.5 | $0 | |
Tarini Ullal Vice President | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $269,212 |
| Dividends & Interest | $327,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$253,581 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,375 |
| Total Revenue | $383,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,451 |
| Taxes | $1 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,236 |
| Printing and publications | $0 |
| Other expenses | $70,448 |
| Total operating and administrative expenses | $94,474 |
| Contributions, gifts, grants paid | $4,417,001 |
| Total expenses and disbursements | $4,511,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,287,589 |
| 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 | $6,260,684 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,854,686 |
| 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, Sita Foundation has awarded $4,417,001 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
CSU FOUNDATION PURPOSE: EDUCATION | $26,000 |
SANTA FE INSTITUTE PURPOSE: EDUCATION | $25,000 |
GO2 FOUNDATION FOR LUNG CANCER PURPOSE: MEDICAL RESEARCH | $20,000 |
WIKIPEDIA FOUNDATION PURPOSE: EDUCATION SUPPORT | $100 |
INDIAN HERITAGE FOUNDATION PURPOSE: COMMUNITY SUPPORT | $4,002 |
SITA FUND PURPOSE: COMMUNITY SUPPORT | $4,302,697 |