The Swaminathan And Garg Foundation
- Assets
- $597.2k
- Revenue
- $57.2k
- Investments
- $542.3k
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 30-0405066
Organization Overview
The Swaminathan And Garg Foundation is located in Westlake, OH. The organization was established in 2007. 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. Swaminathan And Garg 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, Swaminathan And Garg Foundation generated $57.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $58.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Swaminathan And Garg Foundation has awarded 43 individual grants totaling $235,210. 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
SIX SCHOLARSHIP TOTALING $44500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Garg President | 0.5 | $0 | |
Malavika N Garg Vice Preside | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,579 |
| Interest on Savings | $964 |
| Dividends & Interest | $9,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,557 |
| Capital Gain Net Income | $11,226 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,216 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,002 |
| Total operating and administrative expenses | $7,422 |
| Contributions, gifts, grants paid | $50,530 |
| Total expenses and disbursements | $57,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,439 |
| Savings and temporary cash investments | $30,478 |
| 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 | $597,235 |
| 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, The Swaminathan And Garg Foundation has awarded $50,530 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH OPPORTUNITIES UNLIMITED PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
HOMES OF HOPE INDIA PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
GO LAADLI PURPOSE: CHARITABLE CONTRIBUTION | $3,350 |
ST MARTIN DE PORRES PURPOSE: CHARITABLE CONTRIBUTION | $11,500 |
MINDS MATTER COLORADO PURPOSE: CHARITABLE CONTRIBUTION | $5,280 |
CLEVELAND METROPOLITAN SCHOOL DISTR PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |