Upakar The Indo-American Community Foundation Inc
- Assets
- $292.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gaithersburg, MD
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 52-2041133
Organization Overview
Upakar The Indo-American Community Foundation Inc is located in Gaithersburg, MD. The organization was established in 1997. According to its NTEE Classification (T31) the organization is classified as: Community 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. Upakar The Indo-American Community 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, Upakar The Indo-American Community Foundation Inc generated $102.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $47.1k during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
GRANTED 22 SCHOLARSHIPS AT 2,000 PER SCHOLAR AND 1 SCHOLARSHIP AT 500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nirupma Rohatgi Vice-President | 1.5 | $0 | |
Veenu Nagarajan Treasurer | 2.5 | $0 | |
Jyotsna Gupta President | 1 | $0 | |
Meera Mukunda Director | 1 | $0 | |
Mlten Merchant Director | 1 | $0 | |
Manju Gupta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $82,888 |
| Membership dues | $0 |
| Investment income | $2,037 |
| Gain or Loss | $17,549 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $75 |
| Total Revenue | $102,549 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $18 |
| Other expenses | $2,605 |
| Total expenses | $47,123 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $292,755 |
| Other assets | $0 |
| Total assets | $292,755 |
| Total liabilities | $0 |
| Net assets or fund balances | $292,755 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Upakar The Indo-American Community Foundation Inc has recieved totaling $81,226.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $24,000 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $24,000 |
India Development And Relief Fund Inc North Bethesda, MD PURPOSE: EDUCATION | $8,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Community Foundation Serving Western Virginia Roanoke, VA | $100,299,802 | $12,225,680 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA | $133,727,811 | $24,687,801 |
Youngstown Foundation Pittsburgh, PA | $152,598,789 | $13,572,418 |