Cognizant Us Foundation
- Assets
- $0.0
- Revenue
- $670.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-5385478
Organization Overview
Cognizant Us Foundation is located in Teaneck, NJ. 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 12/2022, Cognizant Us Foundation generated $670.9k 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 (25.2%) each year. All expenses for the organization totaled $41.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cognizant Us Foundation has awarded 171 individual grants totaling $116,181,928. 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 |
|---|---|---|---|
Rajesh Nambiar President/director | 1 | $0 | |
Becky Schmitt Director | 1 | $0 | |
Gaurav Chand Director | 1 | $0 | |
Tobi Young Director | 1 | $0 | |
Katie Royce Director | 1 | $0 | |
Ursula Morgenstern Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loeb & Loeb Llp | 12/30/22 | $93,640 |
Grant Thornton Llp | 12/30/22 | $78,665 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $670,939 |
| 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 | $670,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $95,500 |
| Other employee salaries and wages | $104,606 |
| Pension plans, employee benefits | $0 |
| Interest | $41,685 |
| Taxes | $16,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $485,657 |
| Contributions, gifts, grants paid | $40,532,625 |
| Total expenses and disbursements | $41,018,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Cognizant Us Foundation has awarded $50,987,055 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIEVING THE DREAM PURPOSE: CAPACITY BUILDING IN COMMUNITY COLLEGE EDUCATION AND WORKFORCE PROGRAMS IN RURAL COMMUNITIES | $250,000 |
ADA DEVELOPERS ACADEMY PURPOSE: TECHNOLOGY TRAINING AND CAREER PATHWAYS FOR WOMEN AND GENDER EXPANSIVE ADULTS | $500,000 |
CITY OF UNIVERSITY NY PURPOSE: STRENGTHEN INDUSTRY PARTNERSHIPS AND CAREER PATHWAYS | $500,000 |
CAREER TRACKERS PURPOSE: INTERNSHIPS AND DEVELOPMENT PROGRAMS FOR ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES. SEE ER STMT. | $150,000 |
CODE DOOR PURPOSE: TECHNOLOGY TRAINING AND CAREER PATHWAYS FOR YOUNG ADULTS FROM MIGRANT BACKGROUNDS. SEE ER STMT. | $150,000 |
CODE FIRST GIRLS PURPOSE: PREPARE 1,760 YOUNG WOMEN FOR TECH CAREERS THROUGH OPEN ONLINE COURSES, IN-DEPTH CLASSES AND TARGETED NANODEGREES, INCLUDING WRAP AROUND SERVICES AND SUPPORT FOR STRATEGICALLY ALIGNED ENGAGEMENTS WITHIN THE UK. SEE ER STMT. | $324,000 |