Sharma Foundation
- Assets
- $4.6m
- Revenue
- $103.5k
- Investments
- $4.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 05/2001
- Data as of
- 12/2023
- EIN
- 75-2857275
Organization Overview
Sharma Foundation is located in Dallas, TX. The organization was established in 2001. 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. 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, Sharma Foundation generated $103.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $247.9k during the year ending 12/2023. While expenses have increased by 1.3% 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.
Since 2017, Sharma Foundation has awarded 135 individual grants totaling $1,507,900. 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 |
|---|---|---|---|
Bianca Sharma President | 0 | $0 | |
Stefan Sharma Treasurer | 0 | $0 | |
Nathan Sharma Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $105,259 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,760 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $103,499 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,947 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,859 |
| Contributions, gifts, grants paid | $220,000 |
| Total expenses and disbursements | $247,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,318 |
| 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 | $4,636,903 |
| 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, Sharma Foundation has awarded $220,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR PROGRESS PURPOSE: REDUCE SOCIAL AND HEALTH DISPARITIES AMONGST VULNERABLE POPULATIONS. | $1,000 |
BE A STEADY HAND PURPOSE: TO FURNISH A SUMMER INTERNSHIP | $1,000 |
BEACON HILL PREPARATORY INSTITUTE PURPOSE: TO PROVIDE INTERNSHIP PROGRAMS | $1,000 |
BRYAN'S HOUSE PURPOSE: TO PROVIDE FOR INTERNSHIP SCHOLARSHIPS TO SUPPORT CHILDREN WITH SPECIAL NEEDS | $1,000 |
CYBERSECURITY GAME CHANGERS PURPOSE: TO PROVIDE INTERNSHIP PROGRAMS | $3,000 |
FAMILY COMPASS PURPOSE: TO PROVIDE CHILD ABUSE PREVENTATIVE SERVICES | $1,000 |