Uday & Peggy Bhate Foundation
- Assets
- $1.0m
- Revenue
- $501.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/2014
- Data as of
- 12/2021
- 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 12/2021, Uday & Peggy Bhate Foundation generated $501.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $37.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Uday & Peggy Bhate Foundation has awarded 73 individual grants totaling $101,510. 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 | |
Jayesh Bhate Director | 0 | $0 | |
Peggy Bhate Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $393,364 |
| Interest on Savings | $4 |
| Dividends & Interest | $37,018 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,927 |
| Capital Gain Net Income | $24,652 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,315 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $37,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,021,929 |
| 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 | $1,021,929 |
| 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 $33,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
UAB BHATE ENDOWED SCHOLARSHIP PURPOSE: CHARITABLE DONATION | $15,000 |
Birmingham, AL PURPOSE: CHARITABLE DONATION | $5,000 |
Birmingham, AL PURPOSE: CHARITABLE DONATION | $2,000 |
Birmingham, AL PURPOSE: CHARITABLE DONATION | $1,500 |
RONALD MCDONAL HOUSE PURPOSE: CHARITABLE DONATION | $1,500 |
BOYS AND GIRLS CLUB OF ALABAMA PURPOSE: CHARITABLE DONATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mission Systems Inc Ft Myers, FL | $7,483,097 | $11,126,012 |
Deerwood Country Club Inc Jacksonville, FL | $10,155,508 | $6,981,612 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Archbold Expeditions Inc Venus, FL | $92,397,695 | $5,182,964 |
The Riley Foundation Meridian, MS | $106,706,164 | $2,375,468 |
Reach Up Inc Tampa, FL | $1,690,303 | $4,995,945 |
Reading Edge Academy Inc Debary, FL | $6,200,470 | $4,846,330 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |
Deus Spes Mea Foundation Inc Miami, FL | $23,770,835 | $1,843,877 |
Project Reflect Madison, TN | $4,733,587 | $4,700,384 |
Kenneth M And Sue B Henson Charitable Tr Columbus, GA | $128,427 | $4,166 |
Bill Rice Ranch Inc Murfreesboro, TN | $8,212,309 | $3,055,361 |