Saraswat Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222566842 ✦ Jamison, PA ✦ Designated as a 501(c)(3)

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Overview

What is Saraswat Foundation Inc?

Saraswat Foundation Inc, established in 1984, is a 501(c)(3) nonprofit organization based in Jamison, Pennsylvania. With a mission to uplift and empower grassroots organizations, the foundation focuses on community development by providing financial aid and promoting initiatives. Their areas of interest include education, health, senior citizens, individuals with disabilities, social welfare, and cultural enrichment, ensuring no discrimination based on caste, creed, religion, or race. In 2022, they extended support to various charitable organizations in India, including Punyatma Prabhakar Sharma Seva Mandal, Swami Parijnanashram School for Handicapped, and others, totaling a significant contribution.


Official website here: www.saraswatfoundation.org

Is Saraswat Foundation Inc legitimate?

Saraswat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saraswat Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.saraswatfoundation.org

What is the mission statement of Saraswat Foundation Inc?

The Saraswat Foundation Inc., established in 1984, serves as a non-profit organization with a mission to support and promote grassroots organizations engaged in community development. Their primary focus is on financing initiatives related to education, health, social welfare, and cultural enrichment, ensuring no discrimination based on caste, creed, religion, or race. The foundation aims to empower these organizations, acting as a catalyst for positive change at the local level.


Official website here: www.saraswatfoundation.org

Who is the CEO of Saraswat Foundation Inc?

Ashvin Hosangadi is the President of Saraswat Foundation Inc.


Official website here: www.saraswatfoundation.org

What is the revenue of Saraswat Foundation Inc?

Saraswat Foundation Inc's revenue in 2022 was $199,959.


Official website here: www.saraswatfoundation.org

Who are the executives of Saraswat Foundation Inc and what are their salaries?

There 7 volunteers at Saraswat Foundation Inc.


Here are 4 key members and their salaries:


Ashvin Hosagadi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandeep Dhareshwar (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gayathri Bantwal (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chaitanya Bijoor (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.saraswatfoundation.org

Where can I find the form 990 for Saraswat Foundation Inc?

Saraswat Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.saraswatfoundation.org

Learn more at the official website: www.saraswatfoundation.org

Mission Statement of Saraswat Foundation Inc

Saraswat Foundation, established in 1984, is a distinguished 501(c)(3) non-profit organization with a mission to support and promote grassroots organizations dedicated to community development. This mission encompasses financing initiatives in various sectors, such as education, health, social welfare, and cultural enrichment. The foundation is committed to this cause, irrespective of the individuals' caste, creed, religion, or race. Saraswat Foundation's primary objective is to serve as the 'Organization behind organizations' that contribute significantly to community service at the grassroots level. By providing financial support and promotion, this non-profit organization aims to empower these organizations, ensuring that they can continue their vital work in uplifting communities and fostering positive change.

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Impact




October, 2024

Saraswat Foundation Inc significantly impacts grassroots organizations dedicated to community development across various sectors, including education, health, and social welfare. By providing financial support and promoting initiatives, the foundation empowers numerous charitable organizations, fostering improvements in the lives of individuals from diverse backgrounds, irrespective of their caste, creed, religion, or race.

In 2022, the foundation contributed substantial funding to multiple organizations in India, furthering their efforts in areas such as support for the differently-abled, senior citizens, and cultural enrichment. Organizations like the Punyatma Prabhakar Sharma Seva Mandal and Swami Parijnanashram School for Handicapped received crucial financial aid, facilitating their programs and outreach. This strategic support not only enhances the operational capacity of these organizations but also promotes a broader culture of welfare and inclusivity within communities, reinforcing the foundation's mission to uplift and empower those in need.

Through its comprehensive approach, Saraswat Foundation Inc serves as a catalyst for positive change, establishing a ripple effect that advances social equity and facilitates sustainable community development initiatives.




This information is meant to be a general summary of Saraswat Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$199,959 (2022)
Expenses
$39,768 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,653
  • Gross Receipts: $201,763

Assets and Liabilities:

  • Total Assets: $260,759
  • Total Liabilities: $0
  • Net Assets: $260,759

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Organization Details

Founding Year

1984

Principal Officer

Ashvin Hosangadi

Main Address

1539 Spruce Court, Jamison, PA, 18929

NTEE Category

Code: T00 - Philanthropy

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