Punchh Foundation is located in San Mateo, CA. 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. Punchh Foundation 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE GRANTS TO RECOGNIZED PUBLIC CHARITIES. THIS INCLUDES RELIGIOUS, EDUCATIONAL, SCIENTIFIC AND CULTURAL INSTITUTIONS; POVERTY RELIEF AGENCIES; OR ANY OTHER ORGANIZATION THAT QUALIFIES AS A 501(C)(3) CHARITY ACCORDING TO THE IRS, INCLUDING ORGANIZATIONS THAT ASSIST DURING PANDEMICS (INCLUDING COVID-19), DISASTERS, AND CRISIS.
TO PROVIDE GRANTS TO ORGANIZATIONS THAT RAISE FUNDS FOR SPECIFIC CAUSES SUCH AS MLS SYNDROME AND HIV/AIDS.WE WILL ALSO MAKE GRANTS DIRECTLY TO INDIVIDUALS FOR HARDSHIP, EMERGENCY ASSISTANCE AND MEDICAL DISTRESS WITHIN IRS CRITERIA. ADDITIONALLY, GRANTS MAY BE MADE TO RECOGNIZED, REPUTABLE INTERNATIONALS NGOS ON THE FRONT LINES PROVIDING DISASTER ASSISTANCE. ANY GRANTS GIVEN WILL BE APPLIED SOLELY TO CHARITABLE PURPOSES AND WE WILL ADHERE TO IRS PROCEDURES FOR PERFORMING DUE DILIGENCE PRIOR TO THE GRANT: BY ENTERING INTO A GRANT AGREEMENT WITH SPECIAL TERMS,AND BY EXERCISING OVERSIGHT OVER THE EXPENDITURE OF SUCH FUNDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shyam Rao President | 0 | $0 | |
Anish Mehta Treasurer | 0 | $0 | |
Sastry Penumarthy Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
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 | $0 |
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 | $383 |
Total operating and administrative expenses | $383 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $383 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $0 |
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 | $73 |
Total liabilities | $73 |