Sathya Educare Foundation Inc is a private foundation focused on Education, based in MORRISTOWN, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 5 grants totaling $437K. Net investment income was $502K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.1M
+2.5% YoY
Annual Giving
$437K
+78.0% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$87K
-28.8% YoY
Under IRS private-foundation payout rules, Sathya Educare Foundation Inc reported a distributable amount of $283K for 2024 — the minimum it must pay out in qualifying distributions.
About Sathya Educare Foundation Inc
Based on IRS filings
Sathya Educare Foundation Inc is a private foundation focused on Education, based in MORRISTOWN, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.1M in total assets. In 2024, it awarded 5 grants totaling $437K. Net investment income was $502K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,139,256 | $5,012,687 | $4,953,499 |
| Revenue | $620,651 | $351,632 | $14,459 |
| Expenses | $494,082 | $292,444 | $357,553 |
| Qualifying Distributions | $437,925 | $246,291 | $312,488 |
| Net Investment Income | $501,929 | $207,164 | $88,499 |
| Distributable Amount | $283,273 | $269,965 | $269,505 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sathya Educare Competency Trust ($410,000), The Boyce L Ansley School ($15,000), St Charles Borroemeo School ($7,800).
| Recipient | Purpose | Amount |
|---|---|---|
| SATHYA EDUCARE COMPETENCY TRUST | GENERAL PURPOSE | $410,000 |
| THE BOYCE L ANSLEY SCHOOL ATLANTA, GA | GENERAL PURPOSE | $15,000 |
| DOVER UNION FREE SCHOOL DISTRICT DOVER PLAINS, NY | GENERAL PURPOSE | $3,000 |
| NORTHERN VALLEY REGIONAL HIGH DEMAREST, NJ | GENERAL PURPOSE | $900 |
| ST CHARLES BORROEMEO SCHOOL NEW YORK, NY | GENERAL PURPOSE | $7,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISHNA P MIKKILINENI | PRESIDENT | 1 | — |
| DHARMIK S MIKKILINENI | SECRETARY | 1 | — |
| KENNETH DUGAN | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sathya Educare Foundation Inc?
Sathya Educare Foundation Inc is a private foundation focused on Education, based in MORRISTOWN, NJ. It holds $5.1M in total assets as of 2024.
How large is Sathya Educare Foundation Inc?
As of 2024, Sathya Educare Foundation Inc holds $5.1M in total assets with $621K in annual revenue. It awarded 5 grants totaling $437K in 2024.
Where does Sathya Educare Foundation Inc operate?
Sathya Educare Foundation Inc has awarded grants in California, District of Columbia, Georgia, New Jersey, New York.
What size grants does Sathya Educare Foundation Inc award?
In 2024, Sathya Educare Foundation Inc awarded 5 grants totaling $437K — an average of about $87K per grant, based on its IRS Form 990 filings.
How much is Sathya Educare Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sathya Educare Foundation Inc reported a distributable amount of $283K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sathya Educare Foundation Inc's EIN?
Sathya Educare Foundation Inc's EIN (Employer Identification Number) is 83-2235310. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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