V-Soft Cares
- Assets
- $53.0
- Revenue
- $165.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-5207711
Organization Overview
V-Soft Cares is located in Louisville, KY. The organization was established in 2018. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. V-Soft Cares 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 12/2022, V-Soft Cares generated $165.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $165.2k during the year ending 12/2022. While expenses have increased by 23.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Purna Veeramachaneni Director | 2 | $0 | |
Radhika Veeramachaneni Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,165 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $165,165 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,720 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,451 |
| Total operating and administrative expenses | $40,171 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $165,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53 |
| 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 | $53 |
| 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, V-Soft Cares has awarded $125,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HOME OF THE INNCOCENTS PURPOSE: TO PROMOTE THE MISSION OF HOME OF THE INNOCENTS | $60,000 |
YMCA PURPOSE: TO PROMOTE THE MISSION OF THE YMCA OF GREATER LOUISVILLE | $1,000 |
HINDU TEMPLE OF KY PURPOSE: TO PROMOTE THE MISSION OF THE HINDU TEMPLE OF KY | $50,000 |
TELUGU ASSOCIATION PURPOSE: TO PROMOTE THE MISSION OF THE TELUGU ASSOCIATION | $8,000 |
KBC LEO PURPOSE: TO PROMOTE THE MISSION OF KBC LEO | $5,000 |
WALDEN SCHOOL PURPOSE: TO PROMOTE THE MISSION OF THE WALDEN SCHOOL | $1,000 |