Sahai Family Foundation Inc
- Assets
- $317.7k
- Revenue
- -$51.6k
- Investments
- $313.1k
- Employees
- 0
- Location
- San Carlos, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-4174659
Organization Overview
Sahai Family Foundation Inc is located in San Carlos, 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. Sahai 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTEES OF BOSTON UNIVERSITY - FELLOWSHIP FOR NEED GRADUATE STUDENTS IN THE COLLEGE OF ENGINEERING; 2 STUDENTS SUPPORTED
SMITHSONIAN LIBRARIES - FUNDING FOR RECOVERY AND MAINTENANCE INITIATIVES OF HISTORICAL DOCUMENTS TO ALLOW FOR EDUCATION ACCESS AND RESEARCH
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Avanish Sahai CEO | 2 | $0 | |
Faye Sahai Vice President | 1 | $0 | |
Alexander Sahai Secretary | 1 | $0 | |
Michelle Sahai CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $85,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$136,631 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$51,631 |
| 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 | $682 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $18,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,566 |
| 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 | $317,662 |
| 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, Sahai Family Foundation Inc has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF BOSTON UNIVERSITY PURPOSE: FELLOWSHIP FOR NEEDY GRADUATE STUDENTS IN COLLEGE OF ENGINEERING; 2 STUDENTS SUPPORTED | $10,000 |
SMITHSONIAN LIBRARIES PURPOSE: FUNDING FOR RECOVERY AND MAINTENANCE OF HISTORICAL DOCUMENTS TO ALLOW FOR EDUCATIONAL ACCESS AND RESEARCH | $8,000 |