Tim Sharma Foundation
- Assets
- $3.9m
- Revenue
- $740.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 02/2016
- Data as of
- 12/2023
- EIN
- 47-5631859
Organization Overview
Tim Sharma Foundation is located in Houston, TX. The organization was established in 2016. According to its NTEE Classification (T30) the organization is classified as: Public 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. Tim Sharma 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, Tim Sharma Foundation generated $740.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.9% each year.
Since 2021, Tim Sharma Foundation has awarded 15 individual grants totaling $142,261. 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 |
|---|---|---|---|
Ramesh Girjashanker President | 0 | $0 | |
Trey Miller Vice President, Secretary/treasurer | 1 | $0 | |
Ruth Sharma Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $740,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $740,000 |
| 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 | $41,102 |
| Total operating and administrative expenses | $48,701 |
| Contributions, gifts, grants paid | $1,000 |
| Total expenses and disbursements | $49,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,040,500 |
| 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 | $900,039 |
| 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 | $3,940,539 |
| 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, Tim Sharma Foundation has awarded $109,900 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SOBER RECREATION COMMITTE PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $1,000 |
COMMUNITY SERVICES OF LAMBDA ZETA CHAPTER PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $20,000 |
VOLUNTEER FLORIDA PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $30,000 |
COVENANT HOUSE PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $20,000 |
PROJECT FREEDOM RIDE PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $20,000 |
OPERATION SMILE PURPOSE: TO SUPPORT THE DONEE ORGANIZATION'S CHARTIABLE PURPOSES | $18,900 |