Sheth Sangreal Foundation
- Assets
- $16.0m
- Revenue
- $4.2m
- Investments
- $8.9m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 45-3779543
Organization Overview
Sheth Sangreal Foundation is located in Austin, TX. 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. Sheth Sangreal 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, Sheth Sangreal Foundation generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (36.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sheth Sangreal Foundation has awarded 67 individual grants totaling $53,976,363. 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 |
|---|---|---|---|
Brian Sheth Vice President | 1 | $0 | |
Adria Sheth President | 1 | $0 | |
Andrew Geller Secretary | 5 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48,243 |
| Dividends & Interest | $598 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,873,381 |
| Capital Gain Net Income | $3,873,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $252,471 |
| Total Revenue | $4,174,693 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $114,850 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $241,699 |
| Total operating and administrative expenses | $406,734 |
| Contributions, gifts, grants paid | $3,302,574 |
| Total expenses and disbursements | $3,709,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,094,337 |
| 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 | $8,931,094 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $941,466 |
| Total assets | $15,966,897 |
| 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, Sheth Sangreal Foundation has awarded $3,302,574 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN COMMUNITY FOUNDATION PURPOSE: GENERAL PURPOSE | $510,000 |
MILKEN INSTITUTE PURPOSE: GENERAL PURPOSE | $50,000 |
BOYS AND GIRLS CLUB OF THE AUSTIN A PURPOSE: GENERAL PURPOSE | $1,050,000 |
SPECIAL OPS WARRIOR FOUNDATION PURPOSE: GENERAL PURPOSE | $280,000 |
DISCOVERY MUSEUM PURPOSE: GENERAL PURPOSE | $200,000 |
ANGUILA INITIATIVE PURPOSE: GENERAL PURPOSE | $206,434 |