Deerwalk Foundation Corporation
- Assets
- $225.0k
- Revenue
- $6.5k
- Investments
- $221.7k
- Employees
- 0
- Location
- Lexington, MA
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-2407569
Organization Overview
Deerwalk Foundation Corporation is located in Lexington, MA. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Deerwalk Foundation Corporation 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, Deerwalk Foundation Corporation generated $6.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.9%) each year. All expenses for the organization totaled $12.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE LIFE OF UNDERPRIVILEGED IN NEPAL BY PROVIDING ASSISTANCE IN THE AREA OF PUBLIC HEALTH, EDUCATION AND HUMAN RIGHTS. TO ENGAGE IN CHARITABLE ACTIVITIES TO HELP SUPPORT VICTIMS OF NATURAL DISASTERS. TO FACILIATE THE GROWTH AND DEVELOPMENT OF TRADE, SCIENCE AND INFORMATION TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Rudra Pandey President/di | 1 | $0 | |
Muna Joshi Treasurer/di | 1 | $0 | |
Erica Pandey Secretary/di | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $6,329 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $192 |
| Capital Gain Net Income | $192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $314 |
| Total operating and administrative expenses | $2,089 |
| Contributions, gifts, grants paid | $10,200 |
| Total expenses and disbursements | $12,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,293 |
| 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 | $221,672 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $224,965 |
| 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, Deerwalk Foundation Corporation has awarded $10,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HIMALAYAN CHILDREN'S CHARITIES PURPOSE: SUPPORT OF AT-RISK CHILD | $2,700 |
DEERWALK FOUNDATION NEPAL PURPOSE: COVID RELIEF | $7,500 |