Protech Impact Foundation Inc
- Assets
- $11.2m
- Revenue
- $1.1m
- Investments
- $11.0m
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 02/2003
- Data as of
- 10/2023
- EIN
- 75-2972385
Organization Overview
Protech Impact Foundation Inc is located in Little Rock, AR. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Protech Impact 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 10/2023, Protech Impact Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.3% each year . All expenses for the organization totaled $607.1k during the year ending 10/2023. While expenses have increased by 11.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shiva Duvvuru Director | 0 | $0 | |
Nagaraj Garimalla Director | 0 | $0 | |
Satish Garimalla Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $74,598 |
| Dividends & Interest | $217,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $819,945 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,112,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,678 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,140 |
| Total operating and administrative expenses | $7,120 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $607,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,663 |
| Savings and temporary cash investments | $122,631 |
| 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 | $300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,741 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,188,594 |
| 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 | $542,763 |
| Total liabilities | $542,763 |
Grants Awarded
Over the last fiscal year, Protech Impact Foundation Inc has awarded $215,412 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD GRID DEVELOPMENT SOFTWARE PURPOSE: REINTEGRATION OF FORMR CONVICTS | $214,800 |
INDIA FEST PURPOSE: GOODWILL | $500 |
RAVI CHELLAMUTHU PURPOSE: GOODWILL | $112 |