Phandeeyar Foundation
- Assets
- $1.2m
- Revenue
- $986.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0752175
Organization Overview
Phandeeyar Foundation is located in Wilmington, DE. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phandeeyar 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, Phandeeyar Foundation generated $986.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $602.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PHANDEEYAR ("CREATION PLACE") IS A COMMUNITY TECH HUB THAT IS SPEARHEADING THE DEVELOPMENT OF MYANMAR'S TECH & SOCIAL INNOVATION ECOSYSTEM. PHANDEEYAR DOES THIS IN TWO WAYS: BY HELPING CHANGE AGENTS USE TECHNOLOGY TO INCREASE THEIR IMPACT; AND BY BUILDING THE COUNTRY'S POOL OF DIGITALLY-ENABLED ENTERPRISES AND TECH TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCELERATOR/ PHANDEEYAR SERVICES. PHANDEEYAR IS BUILDING THE POOL OF LOCAL TECHNICAL TALENT AND DIGITALLY ENABLED ENTERPRISES THAT CAN DEVELOP THE DIGITAL PRODUCTS AND SERVICES THAT MYANMAR NEEDS. WE SUPPORT PROMISING BUSINESSES, AND THROUGH OUR FLAGSHIP PROJECTS HELP ASPIRING ENTREPRENEURS TO LAUNCH THEIR COMPANIES. WE ALSO RUN CLASSES, WORKSHOPS, AND HACKATHONS TO HELP DEVELOPERS AND DESIGNERS TO IMPROVE THEIR SKILLS, AS WELL AS PROGRAMS TO HELP ORGANIZATIONS ADAPT TO THE DIGITAL TRANSFORMATION AND DEVELOP INNOVATIVE SOLUTIONS.
SAFE INTERNET PHANDEEYAR HELPS CHANGE AGENTS, SUCH AS CIVIL SOCIETY GROUPS, INDEPENDENT MEDIA AND AND CIVIC AND SOCIAL ENTREPRENEURS, INTEGRATE TECHNOLOGY INTO THEIR WORK TO INCREASE THEIR IMPACT. WE RAN WORKSHOPS, SEMINARS, AND MEETUPS TO HELP INDEPENDENT VOICES THRIVE IN MYANMAR'S DIGITAL MEDIA ENVIRONMENT. PHANDEEYAR ALSO HELPED ADDRESS SOME OF THE TRAINING TO HELP PEOPLE UNDERSTAND HOW TO SAFELY AND RESPONSIBLY USE SOCIAL MEDIA. PHANDEEYAR SUPPORTED COMMUNITY ORGANIZATIONS THAT WANTED TO USE SOCIAL MEDIA AND DIGITAL CONTENT TO PROMOTE POSITIVE MESSAGES ABOUT PEACE, TOLERANCE, AND INTER-COMMUNAL HARMONY.
DATA/SOCIAL CAPACITY : TO SUPPORT THE LOCAL ORGANIZATIONS FROM MYANMAR TO BE MORE DIGITALLY CAPABLE THROUGH SECURE, PERFORMANT AND SUSTAINABLE DIGITAL INFRASTRUCTURES, SKILLS AND KNOWHOW TO HELP THEM USING TECHNOLOGY TO INCREASE THE IMPACT OF THEIR COMMUNITY-SUPPORT WORKS MEANWHILE INCREASING THEIR DIGITAL AND ORGANISATIONAL CAPABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen King Director | Trustee | 1 | $0 |
Melinda Thet Tun Director | Trustee | 1 | $0 |
David Michael Madden Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $203,048 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $872,760 |
| Total Program Service Revenue | $113,720 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,108 |
| Compensation of current officers, directors, key employees. | $38,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,989 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,527 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,654 |
| Fees for services: Accounting | $7,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,307 |
| Advertising and promotion | $207 |
| Office expenses | $26,210 |
| Information technology | $165,158 |
| Royalties | $0 |
| Occupancy | $7,060 |
| Travel | $1,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,199 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $602,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $224,629 |
| Accounts receivable, net | $59,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,089 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $254,060 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,211,259 |
| Accounts payable and accrued expenses | $90,698 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $90,698 |
| Net assets without donor restrictions | $1,120,561 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,211,259 |