Jhumki Basu Foundation
- Assets
- $101.5k
- Revenue
- $12.9k
- Investments
- $3.0
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 05/2010
- Data as of
- 03/2023
- EIN
- 30-0591093
Organization Overview
Jhumki Basu Foundation is located in Saratoga, CA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jhumki Basu 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 03/2023, Jhumki Basu Foundation generated $12.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $210.7k during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OBJECTIVES ARE TO DISCOVER, NURTURE, AND SPREAD INNOVATIVE AND SUSTAINABLE PROGRAMS FOR DEMOCRATIZING SCIENCE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JHUMKI BASU FOUNDATION CONTINUED ITS WORK IN BRINGING EQUITY IN SCIENCE EDUCATION TO UNDERSERVED SCHOOLS IN NEW YORK CITY AND BOSTON. ITS FELLOWSHIP PROGRAM DREW ITS THIRTEENTH COHORT OF SCIENCE TEACHERS WHO WORK WITH AT-RISK YOUTH AND IMMERSE THEM IN INCLUSIVE TEACHING TECHNIQUES TO ENGAGE MORE STUDENTS IN SCIENCE WITH A VIEW TO EMPOWERING THEM TO COMPLETE SCHOOL AND GO ON TO COLLEGE. THE ANNUAL SCI-ED WORKSHOP AND EXPO IN NEW YORK DREW 300 TEACHERS AND STUDENTS TO A CELEBRATION OF SCIENCE BY YOUNG PEOPLE FROM UNDERSERVED COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dipak Basu Executive Director | OfficerTrustee | 10 | $0 |
Radha R Basu Secretary | OfficerTrustee | 10 | $0 |
Leslie Duhaylongsod Director | Trustee | 10 | $0 |
Ron Halligan Director | Trustee | 10 | $0 |
Sehba Alii Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $142,002 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,290 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $210,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,519 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,000 |
| Total liabilities | $10,000 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $91,519 |
| Total liabilities and net assets/fund balances | $101,519 |
Grants Awarded
Over the last fiscal year, Jhumki Basu Foundation has awarded $55,567 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: SUPPORT THE 2019-2020 SCI-ED FELLOWSHIP PROGRAM | $51,567 |
KIPP TEXAS PURPOSE: SUPPORT THE 2019-2020 SCI-ED FELLOWSHIP PROGRAM | $4,000 |