Sanjay And Durga Reddy Konda Foundation
- Assets
- $1.3m
- Revenue
- $401.3k
- Investments
- $450.0k
- Employees
- 0
- Location
- Jersey Village, TX
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-3589111
Organization Overview
Sanjay And Durga Reddy Konda Foundation is located in Jersey Village, TX. The organization was established in 2013. 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. Sanjay And Durga Reddy Konda 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, Sanjay And Durga Reddy Konda Foundation generated $401.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $59.2k during the year ending 12/2022. While expenses have increased by 14.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sanjay And Durga Reddy Konda Foundation has awarded 135 individual grants totaling $328,320. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH AND SUPPORT -
COMMUNITY OUTREACH AND SUPPORT -
EDUCATION
EDUCATION
INTERNATIONAL AID
INTERNATIONAL AID
TRIBAL EDUCATION
TRIBAL EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 | |
Name Not Listed Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,580 |
| Dividends & Interest | $9,352 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $370,400 |
| Capital Gain Net Income | $370,400 |
| Net ST Capital Gain | $4,067 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $401,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $882 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $882 |
| Contributions, gifts, grants paid | $58,340 |
| Total expenses and disbursements | $59,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790,070 |
| Savings and temporary cash investments | $23,248 |
| 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 | $450,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,263,318 |
| 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, Sanjay And Durga Reddy Konda Foundation has awarded $58,340 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CAMP HOPE PTSD FOUNDATION OF AMERIC PURPOSE: CHARITY | $500 |
CBMC PURPOSE: CHARITY | $500 |
CENTER FOR SOCIAL SERVICE PURPOSE: CHARITY | $1,000 |
HARICHAND EDUCATION FUND PURPOSE: CHARITY | $500 |
FRIENDSWOOD ISD EDUCATION FOUNDATIO PURPOSE: CHARITY | $500 |
HOUSTON PUBLIC MEDIAKUHF PURPOSE: CHARITY | $1,095 |