Indus Charitable Foundation Inc
- Assets
- $658.0k
- Revenue
- $54.8k
- Investments
- $596.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/2010
- Data as of
- 12/2022
- EIN
- 26-1496848
Organization Overview
Indus Charitable Foundation Inc is located in New York, NY. The organization was established in 2010. 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. Indus Charitable Foundation 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, Indus Charitable Foundation Inc generated $54.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Indus Charitable Foundation Inc has awarded 152 individual grants totaling $516,950. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Weiner Treasurer | 1 | $0 | |
Saemee Hwang Secretary | 1 | $0 | |
James Shannon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $222 |
| Dividends & Interest | $55,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$607 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $200 |
| Total Revenue | $54,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $14,633 |
| Contributions, gifts, grants paid | $87,200 |
| Total expenses and disbursements | $101,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $61,237 |
| Net Accounts receivable | $200 |
| 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 | $596,543 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $657,980 |
| 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, Indus Charitable Foundation Inc has awarded $75,250 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
INVEST FOR KIDS PURPOSE: PROGRAM SERVICE | $5,000 |
CAPITAL FOR KIDS PURPOSE: PROGRAM SERVICE | $2,000 |
TENNESSEE JUSTICE CENTER PURPOSE: PROGRAM SERVICE | $350 |
WORLD CENTRAL KITCHEN PURPOSE: PROGRAM SERVICE | $3,000 |
KOREAN K9 RESCUE INC PURPOSE: PROGRAM SUPPORT | $100 |
PARENTS AND TEACHERS ASSOCIATION OF P S 29 INC PURPOSE: PROGRAM SUPPORT | $100 |