R Karalakulasingam Family Foundation Co
- Assets
- $1.6m
- Revenue
- $33.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3578213
Organization Overview
R Karalakulasingam Family Foundation Co is located in Prospect, KY. The organization was established in 2018. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, 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. R Karalakulasingam Family Foundation Co 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 12/2021, R Karalakulasingam Family Foundation Co generated $33.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST END SCHOOL
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $26,519 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $32,439 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,269 |
| 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 | $0 |
| Total operating and administrative expenses | $19,739 |
| Contributions, gifts, grants paid | $85,237 |
| Total expenses and disbursements | $104,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,368 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,602,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $88,334 |
| 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 | $88,334 |
Grants Awarded
Over the last fiscal year, R Karalakulasingam Family Foundation Co has awarded $85,237 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WEST END SCHOOL PURPOSE: SCHOLARSHIP | $40,000 |
MOLO VILLAGE PURPOSE: SUPPORT | $23,500 |
THE FRANCIS ASHBURY SOCIETY PURPOSE: SUPPORT | $5,000 |
BLESSINGS IN A BACKPACK PURPOSE: SUPPORT | $5,000 |
DARE TO CARE PURPOSE: SUPPORT | $5,000 |
THE HOPE BUSS PURPOSE: SUPPORT | $6,737 |