Ramoo And Radhakrishnan Family Foundation
- Assets
- $10.6m
- Revenue
- $1.0m
- Investments
- $10.4m
- Employees
- 0
- Location
- Ashburn, VA
- Founding
- Data as of
- 12/2023
- EIN
- 85-3495134
Organization Overview
Ramoo And Radhakrishnan Family Foundation is located in Ashburn, VA. 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. Ramoo And Radhakrishnan 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 12/2023, Ramoo And Radhakrishnan Family Foundation generated $1.0m 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 (19.6%) each year. All expenses for the organization totaled $531.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Ramoo And Radhakrishnan Family Foundation has awarded 12 individual grants totaling $877,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT MAKING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regu R Ramoo Treasurer | 1 | $0 | |
Usha K Ramoo President | 1 | $0 | |
Chitra Radhakrishnan Director | 1 | $0 | |
Mageswari Kurupatham Director | 1 | $0 | |
Vineeta Sinha Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,405 |
| Dividends & Interest | $116,661 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $867,576 |
| Capital Gain Net Income | $867,576 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,642 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,908 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $35,352 |
| Printing and publications | $0 |
| Other expenses | $915 |
| Total operating and administrative expenses | $151,011 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $531,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,453 |
| 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 | $3,580 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,973,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,585,011 |
| 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 | $88,317 |
| Total liabilities | $88,317 |
Grants Awarded
Over the last fiscal year, Ramoo And Radhakrishnan Family Foundation has awarded $380,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
WAYNE STATE UNIVERSITY PURPOSE: SUPPORT INNER CITY KIDS IN MICHIGAN PURSUING STEM EDUCATION | $100,000 |
NAG FOUNDATION PURPOSE: FREE BREAST CANCER SCREENING AND TREATMENT FOR WOMEN LIVING IN THE SLUMS IN MUMBAI & PUNE. THIS ORGANIZATION HAS A CURRENT EQUIVALENCY LETTER AS DESCRIBED IN REV. PROC. 2017-53. | $60,000 |
COMPASSION FUND LTD PURPOSE: PROVIDE IMMEDIATE FINANCIAL HELP TO STUDENTS FROM LOW INCOME FAMILIES FACING THE CRISIS OF A RECENT DEATH OR ACCIDENT OF A FAMILY MEMBER RESULTING IN LOSS OF INCOME TO HELP THE STUDENT STAY IN SCHOOL. FREE BREAST CANCER SCREENING AND TREATMENT FOR WOMEN LIVING IN THE SLUMS IN MUMBAI & PUNE. THIS ORGANIZATION HAS A CURRENT EQUIVALENCY LETTER AS DESCRIBED IN REV. PROC. 2017-53. | $60,000 |
YAYASAN KARANG WIDYA PURPOSE: SUPPORT INNER CITY KIDS IN JARKATA TEACHING THEM FARMING SKILLS. THIS ORGANIZATION HAS A CURRENT EQUIVALENCY OPINION AS DESCRIBED IN REV. PROC. 2017-53. | $60,000 |
OHIO STATE UNIVERSITY PURPOSE: THE PROGRAM SEEKS TO INCREASE THE NUMBER OF FIRST-GENERATION LOW-INCOME UNDERREPRESENTED STUDENTS AT OSU. IT PROVIDES OPPORTUNITY FOR ACADEMICALLY TALENTED STUDENTS FROM OHIO'S NINE LARGEST URBAN CENTERS WITH HIGH FINANCIAL NEED TO PURSUE HIGHER EDUCATION. SUPPORT INNER CITY KIDS IN MICHIGAN PURSUING STEM EDUCATION | $100,000 |