Palayam Foundation
- Assets
- $1.7m
- Revenue
- $73.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Walnut Creek, CA
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 94-3378767
Organization Overview
Palayam Foundation is located in Walnut Creek, CA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Palayam 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, Palayam Foundation generated $73.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $104.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Palayam Foundation has awarded 60 individual grants totaling $741,439. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sudhanva Rajagopal Executive Di | 10 | $0 | |
Vishrudh Sarathy Director Of | 10 | $0 | |
Abinandh Devan Secretary/bd | 10 | $0 | |
Vikram Ranganathan Board Member | 2 | $0 | |
Nivedita Gopinath Sarathy Board Member | 2 | $0 | |
Natalie Rajagopal Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,250 |
| Interest on Savings | $38,587 |
| Dividends & Interest | $29,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$78 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,519 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $408 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $228 |
| Total operating and administrative expenses | $8,987 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $103,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $359,440 |
| 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 | $1,365,360 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $78 |
| Total assets | $1,724,878 |
| 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, Palayam Foundation has awarded $95,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HINDUS FOR HUMAN RIGHTS PURPOSE: HUMAN RIGHTS & SOCIAL JUSTICE | $7,500 |
GLOBAL GIVING PURPOSE: GLOBAL DISASTER & HUMANITARIAN RELIE | $12,500 |
INITIATIVES FOR MEDICINES ACCESS & PURPOSE: DRUG PATENT ADVOCACY AND DRUG ACCESS | $25,000 |
NATIONAL ALLIANCE ON MENTAL ILLNESS PURPOSE: MENTAL HEALTH SVCS/ADVOCACY | $25,000 |
ALTIUS FOUNDATION PURPOSE: SUPPORT OF EDUCATION INITIATIVES | $15,000 |
DESERVING CAUSES INDIA PURPOSE: DISASTER & HUMANITARIAN RELIEF | $10,000 |