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Sathya Educare Foundation Inc. is a private corporation based in MORRISTOWN, NJ. The foundation received its IRS ruling in 2020. The principal officer is Krishna Prasad Mikkilneni. It holds total assets of $5.1M. Annual income is reported at $1.7M. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, Sathya Educare Foundation Inc. has made 10 grants totaling $838K, with a median grant of $23K. Annual giving has decreased from $593K in 2022 to $245K in 2023. Individual grants have ranged from $314 to $245K, with an average award of $84K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in New York and New Jersey and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$19K
Average Grant
$42K
Largest Grant
$130K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Sathya Educare Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in NY, NJ, CA.
Sathya Educare Foundation Inc. has distributed a total of $838K across 10 grants. The median grant size is $23K, with an average of $84K. Individual grants have ranged from $314 to $245K.
Sathya Educare Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Sathya Educare Foundation Inc. is headquartered in MORRISTOWN, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Krishna P Mikkilineni | PRESIDENT | $0 | $0 | N/A |
| Dharmik S Mikkilineni | SECRETARY | $0 | $0 | N/A |
| Kenneth Dugan | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$5.1M
Fair Market Value
N/A
Net Worth
$5.1M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
10
Total Giving
$838K
Average Grant
$84K
Median Grant
$23K
Unique Recipients
5
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sathya Educare Competency TrustGENERAL PURPOSE | Bengaluru | $245K | 2023 |
| Funeducation IncGENERAL PURPOSE | San Diego, CA | $314 | 2023 |
| Dover Union Free School DistrictGENERAL PURPOSE | Dover Plains, NY | $30K | 2022 |
| Nj Center For TeachingGENERAL PURPOSE | Mahwah, NJ | $15K | 2022 |
| Northern Valley Regional HighGENERAL PURPOSE | Denarest, NJ | $11K | 2022 |