Raman Family Foundation
- Assets
- $1.6m
- Revenue
- $85.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 76-0720949
Organization Overview
Raman Family Foundation is located in Mercer Island, WA. The organization was established in 2003. 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. Raman 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, Raman Family Foundation generated $85.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $170.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Raman Family Foundation has awarded 220 individual grants totaling $1,346,601. 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 |
|---|---|---|---|
Mala Raman President | 0 | $0 | |
Suri Raman Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $45,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,221 |
| Capital Gain Net Income | $40,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,614 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,572 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,820 |
| Total operating and administrative expenses | $21,747 |
| Contributions, gifts, grants paid | $149,000 |
| Total expenses and disbursements | $170,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $219,133 |
| Net Accounts receivable | $8,565 |
| 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 | $1,341,229 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,650 |
| Total assets | $1,591,577 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $93,268 |
| 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 | $93,268 |
Grants Awarded
Over the last fiscal year, Raman Family Foundation has awarded $149,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
API CHAYA PURPOSE: ASIAN WOMENS WELFARE | $2,500 |
FARESTART PURPOSE: HOMELESS JOB TRAINING | $1,000 |
SEATTLE ART MUSEUM PURPOSE: CONSERVATION AND MAINTENANCE OF ART | $20,000 |
SEATTLE UNIVERSITY PURPOSE: ALUMNI SUPPORT | $500 |
UNITED WAY OF KING COUNTY PURPOSE: COMMUNITY SUPPORT | $75,000 |
VISHAL HIMALAYA FOUNDATION PURPOSE: SOCIAL SERVICE ORGANIZATION TARGETING INDIA | $500 |