Hasmukh And Gita Rama Foundation
- Assets
- $16.3m
- Revenue
- $3.0m
- Investments
- $10.4m
- Employees
- 0
- Location
- Greenville, SC
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3772669
Organization Overview
Hasmukh And Gita Rama Foundation is located in Greenville, SC. The organization was established in 2012. 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. Hasmukh And Gita Rama 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, Hasmukh And Gita Rama Foundation generated $3.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hasmukh P Rama Chairperson | 0.5 | $0 | |
Gita H Rama Director | 0.5 | $0 | |
Dharmendra J Rama Director | 0.5 | $0 | |
Rita N Patel Director | 0.5 | $0 | |
Madhu N Vivek Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,082,595 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,198 |
| Net Rental Income | $24,000 |
| Net Gain on Sale of Assets | -$306,374 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,997,419 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $128,387 |
| Pension plans, employee benefits | $0 |
| Interest | $29,060 |
| Taxes | $11,624 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,694 |
| Printing and publications | $202 |
| Other expenses | $44,209 |
| Total operating and administrative expenses | $324,805 |
| Contributions, gifts, grants paid | $826,000 |
| Total expenses and disbursements | $1,150,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,019,031 |
| Savings and temporary cash investments | $1,293,086 |
| 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 | $3,627,358 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,336,703 |
| Accounts payable and accrued expenses | $5,837 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,745,856 |
| Other liabilities | $0 |
| Total liabilities | $1,751,693 |
Grants Awarded
Over the last fiscal year, Hasmukh And Gita Rama Foundation has awarded $403,001 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MATAGIRI SRI AUROBINDO CENTER PURPOSE: TO SUPPORT THE BUILDING PROGRAM. | $15,000 |
WORLD HINDU FOUNDATION OF AMERICA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COMMUNITY FOUNDATION OF GREENVILLE PURPOSE: 2018 ANNUAL CAMPAIGN | $2,001 |
SRI AUROBINDO CENTER SOUTH EAST PURPOSE: GENERAL OPERATING SUPPORT | $376,000 |