Varia Family Foundation
- Assets
- $300.0k
- Revenue
- $25.6k
- Investments
- $270.7k
- Employees
- 0
- Location
- Martin, KY
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 61-1348860
Organization Overview
Varia Family Foundation is located in Martin, KY. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Varia Family 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 12/2022, Varia Family Foundation generated $25.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (42.4%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Varia Family Foundation has awarded 53 individual grants totaling $247,952. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS FOUNDATION IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS WHO WERE DELIVERED BY DR. CHANDRA VARIA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandra Varia President | 0 | $0 | |
Anand N Doshi Treasurer | 0 | $0 | |
Satya J Mehta Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $7 |
| Dividends & Interest | $13,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,556 |
| Capital Gain Net Income | $6,556 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $2,608 |
| Other expenses | $96 |
| Total operating and administrative expenses | $4,005 |
| Contributions, gifts, grants paid | $60,550 |
| Total expenses and disbursements | $64,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,107 |
| Savings and temporary cash investments | $3,656 |
| 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 | $5,000 |
| 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 | $2,518 |
| Total assets | $300,020 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $20,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,000 |
Grants Awarded
Over the last fiscal year, Varia Family Foundation has awarded $60,550 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR SMALL CHARITIES OF I PURPOSE: MEDICAL | $20,000 |
KAYLEE HALL PURPOSE: TEXTBOOKS | $200 |
JAINA PURPOSE: CONTRIBUTION TO DEAF SCHOOL | $22,000 |
NEVA FRANCES PURPOSE: FLOOD RELIEF | $1,500 |
MEGAN SMITH PURPOSE: EDUCATION | $500 |
DOLLY HUNTER PURPOSE: MEDICAL | $250 |