Pochiraju Family Foundation Inc
- Assets
- $376.5k
- Revenue
- $7.9k
- Investments
- $89.8k
- Employees
- 0
- Location
- Eastchester, NY
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-3199403
Organization Overview
Pochiraju Family Foundation Inc is located in Eastchester, NY. 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. Pochiraju Family 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.
For the year ending 12/2022, Pochiraju Family Foundation Inc generated $7.9k 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 (62.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE GRANTS OF MONEY TO ORGANIZATIONS AND INSTITUTIONS WHOSE STATED GOALS INCLUDE THE ADVANCEMENT OF EDUCATION AND JOB SKILLS TO JOB SKILLS TO FACILITATE EMPLOYMENT.
TO PROVIDE GRANTS OF MONEY TO ORGANIZATIONS AND INSTITUTIONS WHOSE STATED GOALS INCLUDE THE ADVANCEMENT OF EDUCATION AND JOB-SKILLS TO JOB SKILLS TO FACILITATE EMPLOYMENT.
TO PROVIDE GRANTS OF MONEY TO ORGANIZATIONS AND INSTITUTIONS WHOSE STATED GOALS ARE TO PREVENT FAMILY SEPARATION, REUNIFY CHILDREN WHO ARE SEPERATED FROM THEIR FAMILIES, AND MOBILIZE A MOVEMENT OF FAMILIES TO SUPPORT CHILDREN WHO ARE GROWING UP OUTSIDE OF FAMILY CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ravi Pochiraju President | 10 | $0 | |
Neela Mathias VP | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $115 |
| Dividends & Interest | $3,112 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,719 |
| Capital Gain Net Income | $4,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,946 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| 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 | $0 |
| Contributions, gifts, grants paid | $21,500 |
| Total expenses and disbursements | $21,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,594 |
| Savings and temporary cash investments | $288,313 |
| 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 | $376,479 |
| 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, Pochiraju Family Foundation Inc has awarded $21,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
STREETWISE PARTNERS PURPOSE: MENTORS FOR HIRE-READY INDIV. | $10,000 |
STREETWISE PARTNERS PURPOSE: MENTORS FOR HIRE-READY INDIV. | $10,500 |
HOPELAND PURPOSE: HELP DISPLACED CHILDREN WORLDWIDE | $1,000 |