Akula Foundation
- Assets
- $45.3k
- Revenue
- $94.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 72-1258938
Organization Overview
Akula Foundation is located in New Orleans, LA. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Akula 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 12/2021, Akula Foundation generated $94.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $24.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S BEREAVEMENT CAMPS ARE NORMALLY OFFERED THREE TIMES A YEAR IN NEW ORLEANS, BATON ROUGE AND GULFPORT. NO CAMPS WERE HELD IN 2021.
HOSPICE CARE IS PROVIDED FOR INDIGENT PATIENTS THROUGH CANON HOSPICE. LESS THAN 10 PATIENTS RECEIVED HOSPICE CARE WHO DID NOT HAVE HEALTH CARE INSURANCE BENEFITS IN OUR COMMUNITY.
NURSING HOME REMINISCENCE PROGRAMS. REMINISCENCE THERAPY IS NORMALLY DONE IN GROUP SESSIONS TO IMPROVE SOCIAL INTERACTION.
AS A RESULT OF COVID, "COVID HEROES" WAS CREATED TO RECOGNIZE DOCTORS AND NURSES FOR THEIR SACRIFICE AND DEDICATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,723 |
| 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 | $83,243 |
| Total Revenue | $93,966 |
| 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 | $22,476 |
| Total operating and administrative expenses | $24,926 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $24,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,317 |
| 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 | $0 |
| Total assets | $45,317 |
| 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 | $24,700 |
| Total liabilities | $24,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Akula Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Keller Family Foundation New Orleans, LA PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Irene W And C B Pennington Foundation Baton Rouge, LA | $0 | $6,041,681 |
Hamon Charitable Foundation Dallas, TX | $77,984,763 | $10,364,017 |
Alumbra Innovations Foundation Bentonville, AR | $55,483,470 | $25,346,784 |
Biogen Foundation Inc Dallas, TX | $25,561,498 | $3,880,862 |
The Margaret And Al Hill Family Foundation Dallas, TX | $0 | $526,228 |