Swatantra And Srinivas Mittafoundation Inc
- Assets
- $900.4k
- Revenue
- $175.7k
- Investments
- $569.9k
- Employees
- 0
- Location
- Rexford, NY
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 26-0302437
Organization Overview
Swatantra And Srinivas Mittafoundation Inc is located in Rexford, NY. 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. Swatantra And Srinivas Mittafoundation 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 12/2022, Swatantra And Srinivas Mittafoundation Inc generated $175.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $34.7k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swatantra And Srinivas Mittafoundation Inc has awarded 212 individual grants totaling $213,746. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED 15,000 TO THE SKS FOUNDATION. THE CONTRIBUTION IS TO HELP SUPPORT THE STRATEGIC AIMS AND PRIORITY ISSUES OF THE ORGANIZATION. THOSE INCLUDE, SOCIAL EMPOWERMENT, ECONOMIC DEVELOPMENT, ENVIROMENTAL JUSTICE, AND SOCIAL ENTERPRISING.
CONTRIBUTED 5,000 TO THE CAPITAL DISTRICT YMCA. THE YMCA SUPPORT THE COMMUNITY THROUGH THEIR FOUR PILLARS, RACIAL EQUITY AND INCLUSION, YOUTH DEVELOPMENT, SOCIAL RESPONSIBILITY, AND HEALTH DISPARITIES.
CONTRIBUTED 3,000 TO AIM FOR SEVA. THIS ORGANIZATION PROVIDES EDUCATION AND HEALTHCARE TO CHILDREN IN REMOTE AREAS OF INDIA.
CONTRIBUTED 2,000 TO CHINMAYA MISSION. THE ORGANIZATION PROVIDES EDUCATON ON THE INNER TRANSFORMATION OF INDIVIDUALS THROUGH THE KNOWLEDGE OF VEDANTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Swatantra Mitta President | 3 | $0 | |
Srinivas Mitta Secretary | 3 | $0 | |
Sanjay Mitta Trustee | 0 | $0 | |
Prashant Mitta Trustee | 0 | $0 | |
Krishna Akula Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,911 |
| Interest on Savings | $985 |
| Dividends & Interest | $4,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,798 |
| Capital Gain Net Income | $4,798 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $175,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126 |
| Total operating and administrative expenses | $1,572 |
| Contributions, gifts, grants paid | $33,177 |
| Total expenses and disbursements | $34,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $330,486 |
| 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 | $569,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $900,435 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $117,948 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $117,948 |
Grants Awarded
Over the last fiscal year, Swatantra And Srinivas Mittafoundation Inc has awarded $33,177 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AIM FOR SEVA PURPOSE: COMMUNITY DEVELOPMENT PROGRAM | $3,000 |
ALBANY MEDICAL CENTER FOUNDATION PURPOSE: SUPPORT FOUNDATION MISSION | $500 |
AMERICAN MEDIATION INSTITUTE PURPOSE: TRAINING OF MEDITATION AS SELF CARE | $200 |
AMERICAN RED CROSS PURPOSE: SUPPORT RED CROSS MISSION | $675 |
CAPITAL DISTRICT YMCA PURPOSE: SUPPORT ORGANIZATIONS MISSION | $5,000 |
GLENVILLE PBA PURPOSE: SUPPORT THE PBA MISSION | $50 |