North South Foundation
- Assets
- $15.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Burr Ridge, IL
- Founding
- 09/1994
- Data as of
- 04/2023
- EIN
- 36-3659998
Organization Overview
North South Foundation is located in Burr Ridge, IL. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North South 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 04/2023, North South Foundation generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.1m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, North South Foundation has awarded 15 individual grants totaling $579,826. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWER EVERY CHILD TO ACHIEVE THEIR MAXIMUM POTENTIAL. 1) PROVIDE EDUCATION SCHOLARSHIPS AND RESOURCES TO NEEDY CHILDREN, 2) EMPOWER EVERY CHILD TO EXCEL IN EDUCATION AND TO BE AN EMPATHETIC HOLISTIC LEADER, AND 3)PROVIDE A PLATFORM FOR VOLUNTEERS TO SUPPORT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO THOSE WERE AWARDED FIRST THREE RANKS IN THE PAST IN THE NATIONAL FINALS IN THE US CONDUCTED BY THE FOUNDATION ANNUALLY, BUT NOW ARE GOING TO COLLEGE IN THE US.
DOMESTIC GRANTS
PROVIDE SCHOLARSHIPS TO THOSE WERE AWARDED FIRST THREE RANKS IN THE PAST IN THE NATIONAL FINALS IN THE US CONDUCTED BY THE FOUNDATION ANNUALLY, BUT NOW ARE GOING TO COLLEGE IN THE US.
DOMESTIC GRANTS
EDUCATIONAL PROGRAMS: EDUCATIONAL PROGRAMS: CONDUCTED EDUCATIONAL CONTESTS SUCH AS SPELLING, VOCABULARY, MATH, SCIENCE, GEOGRAPHY, HISTORY, ESSAY WITH THE PURPOSE OF ENCOURAGING EXCELLENCE IN EDUCATION AMONG 1-12 GRADERS.
EDUCATIONAL PROGRAMS: EDUCATIONAL PROGRAMS: CONDUCTED EDUCATIONAL CONTESTS SUCH AS SPELLING, VOCABULARY, MATH, SCIENCE, GEOGRAPHY, HISTORY, ESSAY WITH THE PURPOSE OF ENCOURAGING EXCELLENCE IN EDUCATION AMONG 1-12 GRADERS.
SCHOLARSHIPS PROVIDED TO SCHOOLS IN INDIA TO SUPPORT EDUCATION FOR UNDERPRIVILEGED KIDS.
SCHOLARSHIPS PROVIDED TO SCHOOLS IN INDIA TO SUPPORT EDUCATION FOR UNDERPRIVILEGED KIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Arun Maheshwari Board Member/chairman | OfficerTrustee | 12 | $0 |
Dr Ratnam Chitturi Board Member | Trustee | 40 | $0 |
Sravanthi Vallampati Board Member/secretary | OfficerTrustee | 4 | $0 |
Dr Kavya Shivashankar Board Member | Trustee | 4 | $0 |
Dr Prasad Kaipa Board Member | Trustee | 4 | $0 |
Dr Praveen Goli Board Member | Trustee | 4 | $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 | $925,058 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925,058 |
| Total Program Service Revenue | $318,907 |
| Investment income | $359,843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,573,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,027 |
| Grants and other assistance to domestic individuals. | $18,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $650,000 |
| 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 | $554 |
| Fees for services: Accounting | $3,749 |
| 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 | $28,932 |
| Information technology | $167,633 |
| Royalties | $0 |
| Occupancy | $3,547 |
| Travel | $12,911 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,120,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $621,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $14,694,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,315,533 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,778,397 |
| Net assets with donor restrictions | $2,537,136 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $15,315,533 |
Grants Awarded
Over the last fiscal year, North South Foundation has awarded $349,754 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PEARLS OF INDIA FOUNDATION | | | $61,721 |
PEARLS OF INDIA FOUNDATION | | | $61,721 |
ASHOKA INNOVATORS FOR THE PUBLIC | | | $113,156 |
ASHOKA INNOVATORS FOR THE PUBLIC | | | $113,156 |