Kumar Family Foundation
- Assets
- $185.2k
- Revenue
- $101.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Walterboro, SC
- Founding
- 12/2019
- Data as of
- 12/2020
- EIN
- 84-6811712
Organization Overview
Kumar Family Foundation is located in Walterboro, SC. The organization was established in 2019. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kumar Family 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 12/2020, Kumar Family Foundation generated $101.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $11.3k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE ACTIVITIES AND PROGRAM-RELATED INVESTMENTS ARE DETERMINED ANNUALLY BY THE BOARD MEMBERS. DONATIONS ARE LISTED IN RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjay Kumar Co-Trustee | 0 | $0 | |
Frances A Kumar Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,501 |
| 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 | $101,501 |
| 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 | $278 |
| Contributions, gifts, grants paid | $11,000 |
| Total expenses and disbursements | $11,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $185,233 |
| 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 | $185,233 |
| 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, Kumar Family Foundation has awarded $11,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COLLETON COUNTY FIRST STEPS PURPOSE: ALL CHILDREN START SCHOOL READY | $5,000 |
Walterboro, SC PURPOSE: SUPPORT HOMELESS ANIMALS | $2,000 |
COMMUNITY FOUNDATION OF THE LOWCOUN PURPOSE: CONNECT PEOPLE, RESOURCES AND NEEDS | $1,500 |
LOWCOUNTRY FOOD BANK PURPOSE: FIGHT HUNGER | $1,000 |
PLANNED PARENTHOOD PURPOSE: WOMEN'S HEALTH CARE | $500 |
ASPCA PURPOSE: SUPPORT HOMELESS ANIMALS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hephzibah Charter Foundation Inc Hephzibah, GA | $10,181,498 | $8,307,126 |
Foundation Properties Inc Columbus, GA | $108,758,689 | $6,742,153 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Georgia Student Scholarship Organization Sso Inc Cumming, GA | $4,146,288 | $9,720,252 |
Lowes Foundation Mooresville, NC | $8,794,184 | $2,155,365 |
Queens University Of Charlotte Endowment Charlotte, NC | $185,539,015 | $2,324,123 |
Women For Women Winterville, NC | $0 | $207,453 |
Western Carolina University Research & Development Corporation Cullowhee, NC | $52,385,182 | $2,471,717 |
Georgia Independent College Association Inc Atlanta, GA | $19,581,572 | $3,001,515 |
We Are Down Home Greensboro, NC | $1,177,766 | $2,334,176 |
Durham Public Schools Foundation Durham, NC | $2,526,701 | $1,530,244 |
Glow Nc Inc Wilmington, NC | $15,878,873 | $3,069,160 |