Saras Foundation
- Assets
- $946.5k
- Revenue
- $252.1k
- Investments
- $862.0k
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-2686548
Organization Overview
Saras Foundation is located in Excelsior, MN. 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. Saras 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, Saras Foundation generated $252.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $67.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Saras Foundation has awarded 14 individual grants totaling $108,450. 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 |
|---|---|---|---|
Suresh Krishna President | 1 | $0 | |
Bhuvana Nandakumar Secretary And Treasurer | 1 | $0 | |
Parthiv Krishna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $254,344 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$22,254 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $252,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,746 |
| Printing and publications | $0 |
| Other expenses | $7 |
| Total operating and administrative expenses | $10,683 |
| Contributions, gifts, grants paid | $56,500 |
| Total expenses and disbursements | $67,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,501 |
| 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 | $202,819 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $946,468 |
| 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, Saras Foundation has awarded $56,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS PURPOSE: GENERAL SUPPORT | $500 |
NORTHWESTERN UNIVERSITY KELLOGG SCHOOL OF MANAGEMENT PURPOSE: DONATION - TOWARDS SCHOLARSHIP TO INTERNATIONAL STUDENTS AT KELLOGG SCHOOL OF MANAGEMENT | $50,000 |
MINNETONKA CURTAIN CALL CLUB PURPOSE: GENERAL SUPPORT | $1,000 |
CREATING HEALTHIER COMMUNITIES PURPOSE: DONATION - GRANT TOWARDS HELPING ORGANIZATIONS ADDRESS BARRIERS TO GOOD HEALTH | $3,500 |
COMMUNITY FOR THE COMMONS PURPOSE: DONATION TOWARDS BUILDING THE NEW PLAZA AT THE EXCELSIOR COMMONS | $1,000 |
MATAGIRI SRI AUROBINDO CENTER PURPOSE: GENERAL SUPPORT | $500 |