Vemireddy Charitable Foundation
- Assets
- $156.3k
- Revenue
- $13.3k
- Investments
- $146.3k
- Employees
- 0
- Location
- Winchester, MA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 43-1773856
Organization Overview
Vemireddy Charitable Foundation is located in Winchester, MA. The organization was established in 1997. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vemireddy Charitable 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 12/2023, Vemireddy Charitable Foundation generated $13.3k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $9.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
V Nanda Kumar Trustee | 0 | $0 | |
Rekha Vemireddy Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $20 |
| Dividends & Interest | $10,635 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,633 |
| Capital Gain Net Income | $42 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,288 |
| 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 | $81 |
| Total operating and administrative expenses | $806 |
| Contributions, gifts, grants paid | $8,500 |
| Total expenses and disbursements | $9,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721 |
| Savings and temporary cash investments | $9,282 |
| 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 | $156,293 |
| 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 | $10 |
| Total liabilities | $10 |
Grants Awarded
Over the last fiscal year, Vemireddy Charitable Foundation has awarded $8,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AKSHAYA PATRA USA PURPOSE: NUTRITION FOR CHILDREN | $3,000 |
AMERICAN RED CROSS PURPOSE: CHARITY | $2,000 |
HINDU TEMPLE PURPOSE: RELIGIOUS ORGANIZATION | $500 |
THE SALVATION ARMY PURPOSE: CARE FOR NEEDY | $3,000 |