Kunduru Foundation FY2022 filing

Tax-deductible

Round Rock, TX501(c)(3)Foundations & GrantmakersEIN 83-1569090

To provide charitable support and services to the welfare and relief of people

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $22K a year · 17% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
119 mo
of spending, in cash
Looks good: 119.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
+174% vs prior year
Spent
$26K
To programs
64%
Net assets
$483K
By yearFY2020–FY2024
Revenue
$183K
FY2022▲ +174%
Revenue by fiscal year
FY2020$9K
FY2021$67K
FY2022$183K
FY2023$239K
FY2024$22K
Expenses
$26K
FY2022▼ -1%
Expenses by fiscal year
FY2020$68K
FY2021$27K
FY2022$26K
FY2023$289K
FY2024Not on file
Net assets
$483K
FY2022▲ +27%
Net assets by fiscal year
FY2020$326K
FY2021$380K
FY2022$483K
FY2023$471K
FY2024$475K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $17K Management & general 36% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kunduru Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers charitable support and services for people's welfare and relief.

Provided by the organization

This section is blank until Kunduru Foundation claims this page.

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1 program service account for $17K of program spending, described in the organization's own filed words · FY2022.
01

To provide charitable support and services to the welfare and relief of people of people including, but not limited to, education, healthcare, and spiritual services, regardless of caste, creed, race, religion, or language.

$17Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $292K · 2020–2023
Sri Venkateswara Temple of CeFY2023$250,000
A Kid Again INCOH · FY2023$10,000
A Kid Again INCOH · FY2022$12,500
A Kid Again INCOH · FY2021$10,000
A Kid Again INCOH · FY2020$10,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$183K
Ln 12
Gifts and grantsLn 1h$200K
Investment incomeLn 3$10K
Money outPt IX
$26K
Ln 25
Programscol B$17K
Managementcol C$9K
Owns and owesPt X
$483K
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$483K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Investment incomeLn 3$10K
Gains on assetsLn 7−$28K
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$251K
Cash and savings togetherLn 1–2$262K
InvestmentsLn 11–13$221K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$483K
LiabilitiesLn 26$0
Net assetsLn 32$483K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$292K$262K
InvestmentsLn 11–13$88K$221K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$380K$483K
LiabilitiesLn 26$0$0
Net assetsLn 32$380K$483K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$17K$17K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$100$100
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$3K$3K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$16$16
Information technologyLn 14$7K$7K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
All other expensesLn 24e$0
Total functional expensesLn 25$26K$17K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $22K$475K 990 PDF
FY2023 $239K$289K−$50K$471K 990 PDF
FY2022 Viewing $183K$26K$156K$483K 990 PDF
FY2021 $67K$27K$40K$380K 990 PDF
FY2020 $9K$68K−$59K$326K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $182,540 across 8 lines filed
VIII-1f All other contributions, gifts and grants$200,000
VIII-1h Total contributions, gifts and grants$200,000
VIII-3 Investment incomeUnrelated business $10,190$10,190
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsUnrelated business −$27,650−$27,650
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueUnrelated business −$17,460$182,540
Part IX · Statement of functional expenses $26,392 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $17,000$17,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $100$100
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $2,741$2,741
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $16$16
IX-14 Information technologyManagement $6,535$6,535
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $17,000 · Management $9,392 · Fundraising $0$26,392
Part X · Balance sheet $483,489 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $74,622$11,517
X-2 Savings and temporary cash investmentsStart of year $217,304$250,625
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $88,135$221,347
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $380,061$483,489
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $380,061$483,489
X-32 Total net assets or fund balancesStart of year $380,061$483,489
X-33 Total liabilities and net assetsStart of year $380,061$483,489
Part XI · Reconciliation of net assets $483,489 net assets at year end
XI-1 Total revenue$182,540
XI-2 Total expenses$26,392
XI-3 Revenue less expenses$156,148
XI-4 Net assets at start of year$380,061
XI-5 Net unrealized gains (losses) on investments−$52,720
XI-10 Net assets at end of year$483,489

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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