Shailaja & Umesh Nagarkatte Educational Foundation Inc
- Assets
- $163.3k
- Revenue
- $153.8k
- Investments
- $139.5k
- Employees
- 0
- Location
- Flushing, NY
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-2507643
Organization Overview
Shailaja & Umesh Nagarkatte Educational Foundation Inc is located in Flushing, NY. The organization was established in 2019. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shailaja & Umesh Nagarkatte Educational Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS PURPOSE IS THE PROMOTION OF EDUCATIONAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Umish Nagarkatte President | 20 | $0 | |
Pranav S Nagarkatte Treasurer | 10 | $0 | |
Swati P Nagarkatte Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $153,766 |
| 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 | $153,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $272 |
| Total operating and administrative expenses | $274 |
| Contributions, gifts, grants paid | $107,500 |
| Total expenses and disbursements | $107,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,782 |
| 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 | $127,241 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $163,253 |
| 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, Shailaja & Umesh Nagarkatte Educational Foundation Inc has awarded $107,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SANTKRUPA PRATISHTHAN PURPOSE: PUBLICATION SUPPORTFOR MARATHIMONTHLY MAGAZ | $9,000 |
SWAMI SHASHWAT ANAND PURPOSE: EDUCATIONALDISCUSSIONS US AND INDIA | $70,000 |
L S CREATIVE UNIT PURPOSE: GIRLS HIGHSCHOOL | $3,500 |
THE HINDU CENTER PURPOSE: COMMUNITY SUPPORTBY THE CENTER | $25,000 |