Asvins Foundation
- Assets
- $1.0m
- Revenue
- $41.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2021
- EIN
- 82-4110325
Organization Overview
Asvins Foundation is located in Wilmington, DE. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asvins 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 12/2021, Asvins Foundation generated $41.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $44.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uma Narayanasami Co- Pres, Dir, Sec | 1 | $0 | |
Kavya Sasisekharan VP | 1 | $0 | |
Ram Sasisekharan Co- Pres, Dir, Treas | 1 | $0 | |
Varun Sasisekharan VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14 |
| Dividends & Interest | $42,831 |
| 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 | -$1,129 |
| Total Revenue | $41,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $915 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,099 |
| Total operating and administrative expenses | $10,164 |
| Contributions, gifts, grants paid | $34,000 |
| Total expenses and disbursements | $44,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,282 |
| 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 | $20,880 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,049,780 |
| 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, Asvins Foundation has awarded $34,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF TUFTS COLLEGE PURPOSE: GRADUATE SCHOOL OF BIOMEDICAL SCIENCES | $15,000 |
Concord, MA PURPOSE: MASS GENERAL CANCER CENTER | $5,000 |
Saylorsburg, PA PURPOSE: CHATRALAYAS AND RELIEF EFFORTS IN TAMILNADU, INDIA | $4,000 |
Harvard, MA PURPOSE: MASS GENERAL CANCER CENTER AT EMERSON HOSPITAL | $3,000 |
CHILDREN'S ROOM - CENTER FOR GRIEVING CHILDREN & T PURPOSE: MENTAL AND PHYSICAL WELLNESS SESSIONS FOR BEREAVED CHILDREN | $3,000 |
Mattapoisett, MA PURPOSE: DISASTER RELIEF FUND | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
Mid Atlantic Arts Inc Baltimore, MD | $4,986,510 | $4,229,657 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Sarcoma Foundation Of America Inc Damascus, MD | $9,642,356 | $3,973,362 |
Silver Mountain Foundation For The Arts Morristown, NJ | $18,777,232 | $3,781,994 |
Casey Cares Foundation Inc Columbia, MD | $1,991,956 | $2,113,967 |
Philadelphia Cultural Fund Inc Philadelphia, PA | $194,550 | $1,278,314 |
Cultural Alliance Of York County York, PA | $3,774,226 | $1,373,230 |
Sharebaby Baltimore, MD | $970,929 | $1,403,551 |
Dallas Morse Coors Foundation For The Performing Arts Tr Wilmington, DE | $11,658,521 | $1,458,685 |
Hope Through Education -- A Fund For Better Futures Inc Bedminster, NJ | $178,385 | $999,690 |
Playhouse Artists New Hope, PA | $80,520 | $752,591 |