Srs Family Foundation Inc
- Assets
- $11.5m
- Revenue
- $10.7m
- Investments
- $11.5m
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- 10/2015
- Data as of
- 12/2021
- EIN
- 47-2274823
Organization Overview
Srs Family Foundation Inc is located in Florham Park, NJ. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Srs Family Foundation Inc 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, Srs Family Foundation Inc generated $10.7m in total revenue. All expenses for the organization totaled $400.8k during the year ending 12/2021. While expenses have increased by 27.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Srs Family Foundation Inc has awarded 160 individual grants totaling $1,395,813. 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 |
|---|---|---|---|
Sheila L Sarma President, Secretary | 10 | $0 | |
Karthik R Sarma Vice President, Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,731,033 |
| Interest on Savings | $0 |
| Dividends & Interest | $72 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,731,105 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,973 |
| Total operating and administrative expenses | $10,533 |
| Contributions, gifts, grants paid | $390,241 |
| Total expenses and disbursements | $400,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $5 |
| Total assets | $11,472,943 |
| Accounts payable and accrued expenses | $875 |
| 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 | $4,305 |
| Total liabilities | $5,180 |
Grants Awarded
Over the last fiscal year, Srs Family Foundation Inc has awarded $390,241 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD - CHAN SCHOOL OF PUBLIC HEALTH PURPOSE: GENERAL UNRESTRICTED | $100,000 |
Woodbury, NY PURPOSE: GENERAL UNRESTRICTED | $55,000 |
Princeton, NJ PURPOSE: GENERAL UNRESTRICTED | $30,000 |
SOUTH ASIAN YOUTH ACTION PURPOSE: GENERAL UNRESTRICTED | $25,000 |
Los Gatos, CA PURPOSE: GENERAL UNRESTRICTED | $20,000 |
DAWA SHERPA PURPOSE: SCHOLARSHIP | $10,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |