Asvins Foundation
- Assets
- $1.0m
- Revenue
- $47.0k
- Investments
- $992.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2023
- 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 12/2023, Asvins Foundation generated $47.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $47.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Asvins Foundation has awarded 29 individual grants totaling $148,100. 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 |
|---|---|---|---|
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 | $467 |
| Dividends & Interest | $48,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$367 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,181 |
| Total Revenue | $46,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,319 |
| Total operating and administrative expenses | $14,377 |
| Contributions, gifts, grants paid | $33,500 |
| Total expenses and disbursements | $47,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,851 |
| 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 | $8,436 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,044,866 |
| 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 $33,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALL INDIA MOVEMENT AIM FOR SEVA INC PURPOSE: FOR CHATRALAYAS AND RELIEF EFFORTS IN TAMILNADU, INDIA | $1,500 |
CHARLES RIVER ASSOCIATION FOR RETARDED CITIZENS IN PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BERKLEE COLLEGE OF MUSIC INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
CHILDREN'S ROOM - CENTER FOR GRIEVING CHILDREN & T PURPOSE: MENTAL AND PHYSICAL WELLNESS AND COUNSELING SESSIONS FOR BEREAVED CHILDREN | $1,000 |
EMERSON HOSPITAL PURPOSE: MASS GENERAL CANCER CENTER | $2,000 |
LASA FOUNDATION INC PURPOSE: GENERAL & UNRESTRICTED | $3,000 |