The Vijay & Sita Vashee Foundation
- Assets
- $1.8m
- Revenue
- $270.2k
- Investments
- $1.8m
- Employees
- 0
- Location
- Mercer Island, WA
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 91-1913186
Organization Overview
The Vijay & Sita Vashee Foundation is located in Mercer Island, WA. The organization was established in 2003. 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. Vijay & Sita Vashee 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 06/2022, Vijay & Sita Vashee Foundation generated $270.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $102.5k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Vijay & Sita Vashee Foundation has awarded 82 individual grants totaling $622,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS IN SUPPORT OF THE EDUCATION OBJECTIVES OF EDUCATIONAL INSTITUTIONS.
CONTRIBUTIONS IN SUPPORT OF THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vijaykumar R Vashee Director | 1 | $0 | |
Sita S Vashee Director | 1 | $0 |
Financial Statements
| 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 | $270,187 |
| Total Revenue | $270,187 |
| 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 | $102,500 |
| Total expenses and disbursements | $102,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,489 |
| 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 | $1,766,596 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,770,085 |
| 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 | $9,332 |
| Total liabilities | $9,332 |
Grants Awarded
Over the last fiscal year, The Vijay & Sita Vashee Foundation has awarded $102,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD FEDERATION OF AM PURPOSE: FINANCIAL SUPPORT FOR EDUCATION | $5,000 |
YWCA PURPOSE: FINANCIAL SUPPORT FOR HOUSING, HEALTH CARE AND ECONOMIC ADVANCEMENT | $5,000 |
LIFEWIRE PURPOSE: TO PREVENT AND END DOMESTIC VIOLENCE | $10,000 |
ACLU FOUNDATION PURPOSE: FINANCIAL SUPPORT OF CIVIL LIBERTIES. | $2,500 |
SEATTLE REPERTORY THEATRE PURPOSE: FINANCIAL SUPPORT FOR THE ARTS | $5,000 |
KCTS9 PURPOSE: FINANCIAL SUPPORT FOR EDUCATIONAL, ARTS AND PUBLIC AFFAIRS PROGRAMMING | $5,000 |