Swatantra And Srinivas Mittafoundation Inc
- Assets
- $830.7k
- Revenue
- $195.8k
- Investments
- $637.4k
- Employees
- 0
- Location
- Rexford, NY
- Founding
- 12/2007
- Data as of
- 12/2021
- 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 12/2021, Swatantra And Srinivas Mittafoundation Inc generated $195.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $31.5k during the year ending 12/2021. While expenses have increased by 7.7% per year over the past 7 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 187 individual grants totaling $180,569. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTED 8,000 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 3,000 TO AAPI. THE FOUNDATION PROVIDES RESOURCES AND TIME TO SUPPORT CLINICS FOR THE UNDERSERVED AND POOR PATIENTS IN RURAL INDIA.
CONTRIBUTED 2,000 TO MULTICULTURAL CENTER. THIS ORGANIZATION PROVIDES SUPPORT FOR SPORTS FOR YOUTHS IN THE INNER CITIES OF MD.
CONTRIBUTED 1,501 TO HINDU CULTURAL CENTER. THE ORGANIZATION PROVIDES A PLACE OF WORSHIP FOR THE HINDU DEVOTEES IN AND AROUND THE CAPITAL DISTRICT.
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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 | $180,102 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,909 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,779 |
| Capital Gain Net Income | $9,779 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $195,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $214 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126 |
| Total operating and administrative expenses | $1,335 |
| Contributions, gifts, grants paid | $30,162 |
| Total expenses and disbursements | $31,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,257 |
| 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 | $637,429 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $830,686 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $189,169 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,169 |
Grants Awarded
Over the last fiscal year, Swatantra And Srinivas Mittafoundation Inc has awarded $30,162 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
SKS FOUNDATION PURPOSE: ADVANCING POOR COMMUNITIES | $8,000 |
AAPI CHARITABLE FOUNDATION PURPOSE: SUPPORT MISSION OF SERVING THE POOR | $3,000 |
MULTICULTURAL CENTER PURPOSE: SUPPORT SPORTS IN MD INNER CITIES | $2,000 |
HINDU CULTURAL CENTER PURPOSE: SUPPORT EDUCATION & FINE ARTS | $1,501 |
HINDU TEMPLE SOCIETY PURPOSE: SUPPORT ORG MISSION | $1,001 |
AMERICAN ASSOCIATION OF PHYSICIAN PURPOSE: SUPPORT THE ORG MISSION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |