Indima Foundation
- Assets
- $4.6m
- Revenue
- $1.3m
- Investments
- $4.5m
- Employees
- 0
- Location
- Oak Brook, IL
- Founding
- 02/1994
- Data as of
- 06/2024
- EIN
- 36-3914683
Organization Overview
Indima Foundation is located in Oak Brook, IL. The organization was established in 1994. 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. Indima Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Indima Foundation has awarded 45 individual grants totaling $2,361,877. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY OF ILLINOIS - INTERNATIONAL FELLOWSHIP PROGRAM
UNIVERSITY OF ILLINOIS - SCHOLARSHIP PROGRAM
NORTHWESTERN UNIVERSITY - TUITION ASSISTANCE
CHICAGO KALI BARI - CULTURE PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asok Ray Secretary/tr | 30 | $0 | |
Mallika Ray President | 30 | $10,000 | |
Ratnam Chittori Director | 0 | $0 | |
Timothy Fullerton Sr Director/cfo | 5 | $0 | |
Suparna Banerjee Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $340,400 |
| Interest on Savings | $1,409 |
| Dividends & Interest | $76,395 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $853,291 |
| Capital Gain Net Income | $850,876 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,271,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $765 |
| Interest | $0 |
| Taxes | $1,616 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $89,950 |
| Printing and publications | $0 |
| Other expenses | $101,141 |
| Total operating and administrative expenses | $213,272 |
| Contributions, gifts, grants paid | $530,000 |
| Total expenses and disbursements | $743,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $151,034 |
| 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 | $346,806 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,606,554 |
| 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 | $865 |
| Total liabilities | $865 |
Grants Awarded
Over the last fiscal year, Indima Foundation has awarded $530,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF ILLINOIS PURPOSE: INTERNATIONAL FELLOWSHIP PROGRAM | $250,000 |
UNIVERSITY OF ILLINOIS PURPOSE: SCHOLARSHIP PROGRAM | $250,000 |
NORTHWESTERN UNIVERSITY PURPOSE: TUITION ASSISTANCE | $25,000 |
CHICAGO KALI BARI PURPOSE: CULTURE PROGRAMS | $5,000 |