NonprofitsSomaiya Foundation

Education

Somaiya Foundation

ITHACA, NY

Total revenue

$25K

Total expenses

$29K

Net assets

Grants received

EIN

882702674

Tax year

2024

Mission

The purposes of the nonprofit shall be to (a) provide networking opportunities for north-america-based students, alumni, staff and faculty of the below described "sister organizations; (b) establish, encourage and grow relationships between north american-based academic institutions and charities for the sister organizations for the mutual benefit of students, alumni, faculty and staff of all; (c) develop and maintain a charitable giving regime in connection with north american-based students, alumni, staff and faculty of the sister organizations; and (d) provide grant funding in support of charitable and educational activities and programs of the sister organizations. The "sister organizations" are somaiya vidyavihar, somaiya vidyavihar university, kj somaiya medical trust and girivanvasi educational trust and other educational and charitable organizations working in the areas of development, education and healthcare in furtherance of the vision of the late shri k. J. Somaiya.

Financials

FY 2024

Revenue

Contributions & grants$25K
Program service revenue
Investment income
Other revenue
Total revenue$25K

Expenses

Grants paid$20K
Salaries & benefits
Fundraising
Other expenses$2K
Total expenses$29K
Total assets$9K
Net assets

People

3 listed

NameRoleCompensation

BIMAL THAKKAR

DIRECTOR

Board

1 hrs/wk

GAYATRI SOMAIYA

DIRECTOR

Board

1 hrs/wk

DR LARRY P WALKER

PRESIDENT

Board

1 hrs/wk

Details

EIN882702674
NTEE codeB12
Subsection03
Ruling date2024-09
SOMAIYA FOUNDATION — Mission, Financials & Grants Received | Grantivo