Gupta Foundation
- Assets
- $11.2m
- Revenue
- $14.9k
- Investments
- $11.1m
- Employees
- 0
- Location
- Herndon, VA
- Founding
- 11/2001
- Data as of
- 12/2023
- EIN
- 54-2048512
Organization Overview
Gupta Foundation is located in Herndon, VA. The organization was established in 2001. 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. Gupta 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, Gupta Foundation generated $14.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Gupta Foundation has awarded 215 individual grants totaling $7,885,985. 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 |
|---|---|---|---|
Shashikant Gupta Director | 1 | $0 | |
Margaret Gupta Director/ Pr | 1 | $0 | |
John Kuranz Director | 1 | $0 | |
Karen Kuranz Director | 1 | $0 | |
Mike Kettles Director | 1 | $0 | |
Michele Ketltles Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25,000 |
| Interest on Savings | $228 |
| Dividends & Interest | $286,308 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$296,663 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,873 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,735 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,216 |
| Printing and publications | $0 |
| Other expenses | $71,475 |
| Total operating and administrative expenses | $95,140 |
| Contributions, gifts, grants paid | $1,185,186 |
| Total expenses and disbursements | $1,280,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,614 |
| 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 | $792 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,135,896 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,156,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, Gupta Foundation has awarded $1,185,186 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ACAD FOR SEVERE HANDICAPS & AUTISM PURPOSE: EDU. ASST. TO SP. NEEDS CHILDRENS | $42,500 |
ARLINGTON ACADEMY OF HOPE PURPOSE: DEVELOP AND EDUCATE RURAL UGANDA | $75,000 |
ARTS COUNCIL OF FAIRFAX COUNTY PURPOSE: SUPPORT ACCESS TO ARTS | $3,000 |
ASHIYANAA PURPOSE: SUPPORT FOR SOUTH ASIAN WOMEN | $15,000 |
BALAVIDAYALAYA TRUST PURPOSE: SUPPORT FOR SPECIAL ED. TEACHERS | $18,000 |
BOSQUE DE NIEBLA PURPOSE: PROTECT FOG FOREST OF CENT. VERACRUZ | $7,500 |