Setty Family Foundation 12212009
- Assets
- $477.8k
- Revenue
- $265.4k
- Investments
- $446.6k
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 08/2010
- Data as of
- 09/2024
- EIN
- 32-6103307
Organization Overview
Setty Family Foundation 12212009 is located in Mclean, VA. The organization was established in 2010. 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. Setty Family Foundation 12212009 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 09/2024, Setty Family Foundation 12212009 generated $265.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $247.7k during the year ending 09/2024. While expenses have increased by 25.4% 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 2015, Setty Family Foundation 12212009 has awarded 80 individual grants totaling $618,819. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boggarm Setty Trustee | 0 | $0 | |
Bharathi Setty Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $126,654 |
| Interest on Savings | $90 |
| Dividends & Interest | $11,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $127,063 |
| Capital Gain Net Income | $127,063 |
| Net ST Capital Gain | $30,176 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $265,376 |
| 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 | $0 |
| Total operating and administrative expenses | $5,170 |
| Contributions, gifts, grants paid | $242,503 |
| Total expenses and disbursements | $247,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,876 |
| 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 | $125,068 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $29,321 |
| Total assets | $477,779 |
| 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, Setty Family Foundation 12212009 has awarded $242,503 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ASHRAE FOUNDATION PURPOSE: TO ADVANCE THE ARTS AND SCIENCES OF HEATING, VENTILATION, AIR CONDITIONING AND REFRIGERATING TO SERVE HUMANITY AND PROMOTE A SUSTAINABLE WORLD. | $193,000 |
THE ROTARY FOUNDATION PURPOSE: TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION, AND THE ALLEVIATION OF POVERTY. | $6,000 |
ASSOCIATION OF KANNADA KOOTAS OF AM PURPOSE: EDUCATIONAL, LINGUISTIC AND CULTURAL ORGANIZATION, TO INTEGRATE, COORDINATE, NETWORK AND UNITE THE ACTIVITES OF ALL KANNADIGAS AND KANNADA KOOTAS FOR PROMOTION AND PERSERVATION OF KANNADA LANGUAGE AND CULTURE IN NORTH AMERICA. | $20,000 |
ALL INDIA MOVEMENT FOR SEVA PURPOSE: ENCOURAGES RESPECT FOR HUMAN RIGHTS AND DIGNITY. | $3,001 |
HINDU AMERICAN COMMUNITY SERVICES I PURPOSE: TO FACILITATE HINDU AMERICANS TO PROVIDE COMMUNITY, CHARITABLE, EDUCATIONAL AND RELIEF SERVICES. | $3,001 |
SRI SEVI VISHNU TEMPLE PURPOSE: BRINGING TOGETHER HINDU CUSTOMS AND HERITAGE WITH AMERICAN VALUES OF COMMUNITY AND VOLUNTEERISM. | $500 |