Rungta Foundation
- Assets
- $676.9k
- Revenue
- $109.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellaire, TX
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 27-4337092
Organization Overview
Rungta Foundation is located in Bellaire, TX. The organization was established in 2014. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., 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. Rungta 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, Rungta Foundation generated $109.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $51.6k during the year ending 12/2022. While expenses have increased by 7.4% 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 2014, Rungta Foundation has awarded 64 individual grants totaling $357,199. 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
ASSISTANCE TO MEDICAL RESEARCH ORGANIZATIONS SERVED ONE BENEFICIARY
ASSISTANCE TO THE UNDERPRIVELEGED SERVED FIVE BENEFICIARIES
ASSISTANCE TO THE PERFORMING ARTS SERVED TWO BENEFICIARIES
SUPPORT FOR EDUCATIONAL ASSISTANCE GROUPS SERVED TWO BENEFICIAIRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manish Rungta Director | 5 | $0 | |
Devi Rungta Director | 5 | $0 | |
Manju Rungta Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $9,000 |
| 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 | $109,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $2,514 |
| Contributions, gifts, grants paid | $49,103 |
| Total expenses and disbursements | $51,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,874 |
| Savings and temporary cash investments | $140,000 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $676,874 |
| 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, Rungta Foundation has awarded $49,103 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SELF ENQUIRY LIFE FELLOWS PURPOSE: FUND THEIR CHARITABLE ACTIVITIES | $12,501 |
SHRI SITA RAM FOUNDATION PURPOSE: FUND THEIR CHARITABLE ACTIVITIES | $2,602 |
BAYLOR COLLEGE OF MEDICINE PURPOSE: FUND THEIR CHARITABLE ACTIVITY | $25,000 |
INDIA HOUSE PURPOSE: FUND THEIR CHARITABLE ACTIVITY | $7,000 |
MOKSH COMMUNITY ART INC PURPOSE: FUND THEIR CHARITABLE ACTIVITY | $1,500 |
SHREE RADHA KRISHNA TEMPLE PURPOSE: FUMD YTHEIR CHARITABLE ACTIVITY | $500 |