Setty Family Foundation 12212009
- Assets
- $188.2k
- Revenue
- $183.2k
- Investments
- $180.5k
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 08/2010
- Data as of
- 09/2022
- 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 09/2022, Setty Family Foundation 12212009 generated $183.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $95.9k during the year ending 09/2022. While expenses have increased by 15.4% per year over the past 6 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 54 individual grants totaling $323,110. 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 | $165,000 |
| Interest on Savings | $2 |
| Dividends & Interest | $4,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,367 |
| Capital Gain Net Income | $13,367 |
| Net ST Capital Gain | $1,035 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,199 |
| 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 | $3,084 |
| Contributions, gifts, grants paid | $92,835 |
| Total expenses and disbursements | $95,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,688 |
| 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 | $87,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $188,179 |
| 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 $92,835 in support to 12 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. | $37,333 |
KAVERI KANNADA ASSOCIATION PURPOSE: KAVERI IS A CULTURAL ORGANIZATION REPRESENTING THE KANNADA SPEAKING PEOPLE FROM KARNATAKA STATE INDIA, WHO HAVE SETTLED IN MARYLAND-WASHINGTON D.C-VIRGINIA AREA. THE PURPOSE OF THE ORGANIZATION IS TO PROPAGATE KANNADA LANGUAGE, CULTURE, MUSIC, DANCE, AND DRAMA AMONG THE KANNADA SPEAKING PEOPLE. | $25,000 |
CHINMAYA MISSION WRC PURPOSE: PROVIDE TO INDIVIDUALS FROM ANY BACKGROUND THE WISDOM OF VEDANTA AND THE PRACTICAL MEANS FOR SPIRITUAL GROWTH AND HAPPINESS. VEDANTA, THE ESSENTIAL CORE OF HINDUISM, IS THE UNIVERSAL SCIENCE OF LIFE, RELEVANT TO ALL PEOPLE OF ALL BACKGROUNDS AND FAITHS. VEDANTA INSPIRES SEEKERS TO UNDERSTAND THEIR OWN FAITH BETTER. THUS, ALTHOUGH CMWRC IS A HINDU ORGANIZATION, IT DOES NOT SEEK TO CONVERT OTHER RELIGIOUS PRACTITIONERS. | $8,001 |
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 |
SRI SEVI VISHNU TEMPLE PURPOSE: BRINGING TOGETHER HINDU CUSTOMS AND HERITAGE WITH AMERICAN VALUES OF COMMUNITY AND VOLUNTEERISM. | $5,000 |
GEORGETOWNLOMBARDI PURPOSE: IN 2019, THE NATIONAL CANCER INSTITUTE RENEWED GEORGETOWN LOMBARDI COMPREHENSIVE CANCER CENTERS DESIGNATION AS A COMPREHENSIVE CANCER CENTER, A DISTINCTION FIRST AWARDED TO GEORGETOWN LOMBARDI IN 1974. OF THE 1,500 CANCER PROGRAMS IN THE U.S., ONLY 51 ARE NCI-DESIGNATED COMPREHENSIVE CANCER CENTERS AND GEORGETOWN LOMBARDI IS THE ONLY SUCH CENTER IN THE WASHINGTON, D.C., AREA.IN ADDITION, THE NCI APPROVED GEORGETOWN LOMBARDI AS A CONSORTIUM CENTER, REFLECTING A FULLY INTEGRATED CANCER RESEARCH ENTERPRISE WITH SCIENTISTS AND CLINICIANS AT JOHN THEURER CANCER CENTER AT HACKENSACK UNIVERSITY MEDICAL CENTER, PART OF HACKENSACK MERIDIAN HEALTH IN NEW JERSEY.THIS COLLABORATION IS BUILT ON AN AMBITIOUS, RESEARCH-DRIVEN AGENDA TO IMPROVE CANCER CARE AND OUTCOMES. WE HAVE WORKED TOGETHER SINCE 2013 WITH A COMMON VISION TO ADVANCE RESEARCH FOR THE PREVENTION AND TREATMENT OF CANCER IN OUR REGIONS AND BEYOND.THE CONSORTIUM PLANS TO FURTHER RESEARCH IN FOUR KEY AREAS:BREAST CANCER;CANCER PREVENTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
National Minority Quality Forum Inc Washington, DC | $4,852,871 | $11,649,230 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |