Rakesh & Neelam Gupta Family Foundation
- Assets
- $4.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- San Jacinto, CA
- Founding
- 03/2013
- Data as of
- 12/2022
- EIN
- 46-1430787
Organization Overview
Rakesh & Neelam Gupta Family Foundation is located in San Jacinto, CA. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rakesh & Neelam Gupta Family 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, Rakesh & Neelam Gupta Family Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $216.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rakesh & Neelam Gupta Family Foundation has awarded 47 individual grants totaling $928,624. 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 |
|---|---|---|---|
Rakesh C Gupta President & Director | 1 | $0 | |
Neelam Gupta Secretary & Director | 1 | $0 | |
Rakesh C Gupta Treasurer | 0.3 | $0 | |
Vivek Gupta Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,025 |
| Interest on Savings | $3,875 |
| Dividends & Interest | $83,889 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,299 |
| Capital Gain Net Income | $4,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,244 |
| Total Revenue | $1,099,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,846 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,884 |
| Total operating and administrative expenses | $21,980 |
| Contributions, gifts, grants paid | $194,428 |
| Total expenses and disbursements | $216,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,746,895 |
| Savings and temporary cash investments | $2,860,419 |
| 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 | $4,607,314 |
| 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, Rakesh & Neelam Gupta Family Foundation has awarded $194,428 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALL WORLD GAYATRI PARIVAR USA PURPOSE: TO PROMOTE RELIGIOUS & SOCIAL SERVICES | $501 |
AUM SPIRITUAL CENTER INC PURPOSE: TO PROMOTE RELIGIOUS AND HINDU CULTURAL ACTIVITIES AND SERVICES | $180,000 |
BLIND FOUNDATION PURPOSE: TO HELP NEEDY PEOPLE | $51 |
EKAL VIDHYALAYA FOUNDATION USA PURPOSE: TO PROMOTE EDUCATION FOR NEEDY | $365 |
VIVEKANAND INSTITUTE VAYU PURPOSE: TO PROMORE SHCOOL EDUCATION | $11,000 |
HINDU SOCIETY OF INLAND EMPIRE INCSHRI LAKSHMI NARAYAN MANDIR PURPOSE: TO PROMOTE RELIGIOUS & SOCIAL SERVICE | $1,002 |