Kj & Susheela Oommen Charitable Foundation Inc
- Assets
- $247.4k
- Revenue
- $43.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4240752
Organization Overview
Kj & Susheela Oommen Charitable Foundation Inc is located in Lubbock, TX. The organization was established in 2017. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kj & Susheela Oommen Charitable 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 12/2023, Kj & Susheela Oommen Charitable Foundation Inc generated $43.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, DONATIONS WERE DISTRIBUTED TO 8 DIFFERENT CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kalarickal Joseph Oommen President | 1 | $0 | |
Susheela Oommen Vice President & Treasurer | 1 | $0 | |
Emily Mathew Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,097 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,444 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,175 |
| Capital Gain Net Income | $8,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,930 |
| Total Revenue | $43,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $162 |
| Total operating and administrative expenses | $1,295 |
| Contributions, gifts, grants paid | $9,350 |
| Total expenses and disbursements | $10,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,674 |
| Savings and temporary cash investments | $173,701 |
| 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 | $247,375 |
| 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, Kj & Susheela Oommen Charitable Foundation Inc has awarded $9,350 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
DISABLED AMERICAN VETERANS PURPOSE: TO PROVIDE FUNDS FOR DISABLED VETERANS. | $50 |
EMMANUEL MAR THOMA CHURCH PURPOSE: RELIGIOUS | $7,000 |
EPILEPSY FOUNDATION TEXAS PURPOSE: TO PROVIDE FUNDS FOR PATIENTS | $1,000 |
OUR DAILY BREAD PURPOSE: RELIGIOUS | $150 |
PARALYZED VETERANS OF AMERICA PURPOSE: TO PROVIDE FUNDS FOR DISABLED VETERANS. | $50 |
S JOSEPH'S INDIAN SCHOOL PURPOSE: TO PROVIDE FUNDS FOR STUDENTS | $50 |