Ram And Lakshmi Sundaram Foundation
- Assets
- $2.3m
- Revenue
- $620.0k
- Investments
- $0.0
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-3313027
Organization Overview
Ram And Lakshmi Sundaram Foundation is located in La Jolla, CA. The organization was established in 2018. 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. Ram And Lakshmi Sundaram 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 12/2023, Ram And Lakshmi Sundaram Foundation generated $620.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $87.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ram And Lakshmi Sundaram Foundation has awarded 63 individual grants totaling $295,000. 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 |
|---|---|---|---|
Nallan C Krishnan Director | 0 | $0 | |
Lakshmi Sundaram Chair | 0 | $0 | |
Ram Sundaram Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $583,420 |
| Interest on Savings | $32,781 |
| Dividends & Interest | $3,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $620,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,545 |
| Total operating and administrative expenses | $2,712 |
| Contributions, gifts, grants paid | $85,000 |
| Total expenses and disbursements | $87,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,148 |
| Savings and temporary cash investments | $2,331,683 |
| 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 | $1,437 |
| Total assets | $2,346,268 |
| 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, Ram And Lakshmi Sundaram Foundation has awarded $85,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ACCOUNTING AID SOCIETY PURPOSE: FINANCIAL LITERACY | $5,000 |
OUR BISWAS PURPOSE: NANO FINANCE PROGRAM | $5,000 |
KARUNA AMERICA PURPOSE: HEALTH & LITERACY | $5,000 |
SHARE AND CARE FOUNDATION PURPOSE: SUPPORT AND EMPOWER WOMEN & CHILDREN IN RURAL INDIA | $5,000 |
LADDER UP PURPOSE: FINANCIAL EDUCATION | $5,000 |
GRAMEEN AMERICA PURPOSE: LOAN FINANCING FOR SMALL BUSINESSES | $5,000 |