Cognizant Us Foundation
- Assets
- $53.7m
- Revenue
- $1.1m
- Investments
- $52.4m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-5385478
Organization Overview
Cognizant Us Foundation is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cognizant Us 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, Cognizant Us Foundation generated $1.1m 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 (20.4%) each year. All expenses for the organization totaled $19.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cognizant Us Foundation has awarded 135 individual grants totaling $65,194,873. 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 |
|---|---|---|---|
Kristen Titus Exec. Dir. & Board Dir. | 40 | $214,231 | |
Davis Abraham Program Director | 40 | $104,240 | |
Aaron Kyle Gunnels Head Of Comm. | 40 | $71,304 | |
Hannah Lee Program Director | 40 | $64,894 | |
Dharmendra Kumar Sinhathru Apr 2021 President/director | 1 | $0 | |
Rajesh Nambiar As Of May 2021 President/director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Llp | 12/30/21 | $64,400 |
Loeb & Loeb Llp | 12/30/21 | $55,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $990,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $91,051 |
| Capital Gain Net Income | $76,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,081,755 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $191,000 |
| Other employee salaries and wages | $318,063 |
| 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 | $679,460 |
| Contributions, gifts, grants paid | $18,297,343 |
| Total expenses and disbursements | $18,976,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,240,457 |
| 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 | $48,250 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,711,221 |
| Accounts payable and accrued expenses | $49,469 |
| Grants payable | $10,412,746 |
| 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 | $10,462,215 |
Grants Awarded
Over the last fiscal year, Cognizant Us Foundation has awarded $27,930,923 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: RESEARCH TO ADVANCE VIRTUAL LEARNING BEST PRACTICES AMIDST COVID-19 SCHOOL CLOSURES | $2,000,000 |
CODE PATH PURPOSE: COMPUTER SCIENCE EDUCATION IN PARTNERSHIP WITH HIGHER EDUCATION INSTITUTIONS | $1,750,000 |
NORTHEASTERN UNIVERSITY PURPOSE: SUPPORT THE CENTER FOR INCLUSIVE GROWTH TO DEVELOP TRANSFER PATHWAYS FOR COMPUTER SCIENCE STUDENTS | $1,696,750 |
New York, NY PURPOSE: EXPANSION OF COMPUTER SCIENCE EDUCATION AND SUPPORT FOR EDUCATORS | $1,500,000 |
Washington, DC PURPOSE: LAUNCH THE WORKFORCE INNOVATION NETWORK TO SUPPORT INCUMBENT AND DISLOCATED WORKERS | $1,222,500 |
CITY UNIVERSITY OF NEW YORK (CUNY) PURPOSE: STRENGTHEN INDUSTRY PARTNERSHIPS AND CAREER PATHWAYS | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
Gottesman Fund Washington, DC | $264,170,808 | -$2,596,565 |
Public Welfare Foundation Inc Washington, DC | $0 | $41,854,063 |
The Quetzal Trust Washington, DC | $401,867,494 | $38,153,664 |
Dominion Energy Charitable Foundation Richmond, VA | $8,697,577 | $22,767,860 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |