Excellence Initiative
- Assets
- $22.3m
- Revenue
- $9.4m
- Investments
- $19.6m
- Employees
- 0
- Location
- Hunts Point, WA
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 83-1718168
Organization Overview
Excellence Initiative is located in Hunts Point, WA. The organization was established in 2018. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, 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. Excellence Initiative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EXCELLENCE IN ARTS, SCIENCE, EDUCATION AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR EDUCATIONAL PROGRAMS FOR THOUSANDS OF LOW-INCOME STUDENTS GLOBALLY
SUPPORT FOR CAPACITY AND QUALITY IMPROVEMENTS IN HEALTHCARE GLOBALLY
SUPPORT FOR STEM EDUCATION AND MENTAL HEALTH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajeev Agarwal President & Treasurer | OfficerTrustee | 2 | $0 |
Arpita Agarwal Director | Trustee | 2 | $0 |
Shelly Bensal Director | Trustee | 1 | $0 |
Jay Bensal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,959,080 |
| Noncash contributions included in lines 1a–1f | $8,959,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,959,080 |
| Total Program Service Revenue | $0 |
| Investment income | $227,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,371,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $201,402 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $94,850 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,192 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,355 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $377,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,606,629 |
| Savings and temporary cash investments | $35,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,978 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,633,722 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,292,084 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,292,084 |
| Total liabilities and net assets/fund balances | $22,292,084 |
Grants Awarded
Over the last fiscal year, Excellence Initiative has awarded $196,002 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Houston, TX PURPOSE: TO ASSIST IN THE EDUCATION OF LOW-INCOME CHILDREN IN MUMBAI. | $106,000 |
EVAL VIDYALAYA PURPOSE: TO SUPPORT ONGOING EDUCATIONAL PROGRAMS FOR THE UNDERPRIVILEGED. | $50,000 |
IOWA HINDU TEMPLE PURPOSE: TO SUPPORT BUILDING A COMMUNITY CENTER | $25,001 |
POSITIVE COACHING ALLIANCE PURPOSE: TO PROVIDE AIDE TO ELEMENTARY SCHOOL CHILDREN WITH SEVERE BEHAVIORAL AND EMOTIONAL ISSUES AND HELP THEM ACCESS A POSITIVE SPORTS EXPERIENCE. | $10,000 |
YOGA ACADEMY OF NA PURPOSE: TO PROVIDE EDUCATIONAL AND SERVICE OPPORTUNITIES FOR HEALTH AND BALANCE THRU YOGA. | $5,001 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Excellence Initiative has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chugach Regional Resources Anchorage, AK | $1,658,075 | $3,015,776 |
Excellence Initiative Hunts Point, WA | $22,292,084 | $9,371,286 |
Arts Northwest Port Angeles, WA | $118,177 | $0 |
Moving Image Preservation Of Puget Sound Seattle, WA | $227,029 | $0 |
Recordially Yours Projects Portland, OR | $68,049 | $0 |
Latin Business Association Pasco, WA | $25 | $0 |