Mukkamala Family Foundation
- Assets
- $145.1k
- Revenue
- $89.5k
- Investments
- $119.4k
- Employees
- 0
- Location
- Grand Blanc, MI
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 38-3224822
Organization Overview
Mukkamala Family Foundation is located in Grand Blanc, MI. The organization was established in 1995. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mukkamala Family 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 12/2022, Mukkamala Family Foundation generated $89.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $61.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (14.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mukkamala Family Foundation has awarded 51 individual grants totaling $752,687. 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 |
|---|---|---|---|
Apparao Mukkamala President | 5 | $0 | |
Sumathi Mukkamala Director | 3 | $0 | |
Srinivas Mukkamala Director | 3 | $0 | |
Aparna Mukkamala Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,709 |
| Interest on Savings | $1 |
| Dividends & Interest | $1,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$12,870 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $661 |
| Total Revenue | $89,548 |
| 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 | $180 |
| Total operating and administrative expenses | $1,640 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $61,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,687 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $145,104 |
| 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, Mukkamala Family Foundation has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHINMAYA MISSION WEST PURPOSE: GENERAL | $24,000 |
KASI TEMPLE PURPOSE: GENERAL | $2,000 |
JET USA EDUCATIONAL TRUST PURPOSE: GENERAL | $33,000 |
CHINMAYA MISSION FLINT PURPOSE: GENERAL | $1,000 |