Akausa Foundation Inc
- Assets
- $1.3m
- Revenue
- $420.0k
- Investments
- $1.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 38-3801573
Organization Overview
Akausa Foundation Inc is located in New York, NY. 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. Akausa Foundation Inc 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 12/2021, Akausa Foundation Inc generated $420.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $565.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Akausa Foundation Inc has awarded 40 individual grants totaling $1,890,253. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF ARTS AND ARTISTS. DONATIONS TO THE POOR, THE NEEDY AND CHARITIES. PROMOTION OF GOOD CAUSES AND PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS WERE MADE TO VARIOUS THEATRES AND OTHER PROJECTS FOR PROMOTION OF ARTS AND COMMUNITY BENEFITS AND TO CHARITIES, NON PROFIT ORGANIZATIONS AND TO INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alok Dar Recorder | 2 | $600 | |
Ravindra Dave Vice President | 1 | $0 | |
Suneil Kalantry Treasurer | 1 | $0 | |
Ravi Rozdon Secretary | 15 | $0 | |
Neeta Kathju President | 1 | $0 | |
Kiran Tankha Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50 |
| Interest on Savings | $1 |
| Dividends & Interest | $59,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $257,982 |
| Capital Gain Net Income | $257,982 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $102,128 |
| Total Revenue | $420,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,639 |
| Printing and publications | $297 |
| Other expenses | $6,374 |
| Total operating and administrative expenses | $24,546 |
| Contributions, gifts, grants paid | $540,832 |
| Total expenses and disbursements | $565,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,745 |
| 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 | $3,650 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,349,408 |
| 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, Akausa Foundation Inc has awarded $540,832 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KAUSA TRUST PURPOSE: FOR PROMOTING ARTWORK AND HELPING POOR & NEEDY PEOPLE | $540,000 |
VARIOUS INDIVIDUALS PURPOSE: FOR HOMELESS & STREET ARTIST | $200 |
New York, NY PURPOSE: SERVICES FOR HAMILTON SENIOR CENTER | $182 |
METROPOLITAN PLAYHOUSE PURPOSE: FOR PROMOTING ART WORK | $100 |
New York, NY PURPOSE: FOR CREATING CONNECTED, HEALTHY NEIGHBORHOODS AND CITIES | $50 |
THE METROPOLITAN COUNCIL ON HOUSING PURPOSE: FOR EDUCATING RIGHTS AS TENANTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |