Uday & Peggy Bhate Foundation
- Assets
- $1.4m
- Revenue
- $181.2k
- Investments
- $1.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-4384744
Organization Overview
Uday & Peggy Bhate Foundation is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Uday & Peggy Bhate 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, Uday & Peggy Bhate Foundation generated $181.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $47.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Uday & Peggy Bhate Foundation has awarded 102 individual grants totaling $167,260. 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 |
|---|---|---|---|
Uday Bhate Director | 0 | $0 | |
Peggy Bhate Director | 0 | $0 | |
Jayesh Bhate Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $214 |
| Dividends & Interest | $22,213 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,782 |
| Capital Gain Net Income | $158,782 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $181,209 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,902 |
| Contributions, gifts, grants paid | $44,500 |
| Total expenses and disbursements | $47,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,412 |
| Savings and temporary cash investments | $0 |
| 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 | $1,359,800 |
| 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, Uday & Peggy Bhate Foundation has awarded $44,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ASSISTANCE LEAGUE OF BIRMINGHAM PURPOSE: DONATION | $1,000 |
BIRMINGHAM BOTANICAL GARDENS PURPOSE: DONATION | $1,500 |
COMMUNITY FOOD BANK OF ALABAMA PURPOSE: DONATION | $500 |
BIRMINGHAM ZOO PURPOSE: DONATION | $1,000 |
CHILDREN'S HOSPITAL OF ALABAMA FOUNDATION PURPOSE: DONATION | $5,000 |
GEORGIA TECH ALUMNI ASSOCIATION PURPOSE: DONATION | $2,500 |