Sathya Educare Foundation Inc
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.
Sathya Educare Foundation Inc at a glance
In short: Sathya Educare Foundation Inc gave $437K across 5 grants in 2024 (avg $87K), top state Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $436,700
- +78.0% vs 2023
- Grants made (2024)
- 5
- +150.0% vs 2023
- Average grant
- $87,340
- -28.8% vs 2023
- Median grant
- $7,800
- Total assets
- $5,139,256
- +2.5% vs 2023
- Primary geography
- Georgia (3% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Sathya Educare Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Sathya Educare Competency Trust ($410K). Together the top 5 received $437K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 11 grants of 15 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Sathya Educare Foundation Inc gives
- Giving grew 157% from 2021 to 2024. Method
- In 2024 it paid out 155% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $170K (2021) to $437K (2024). In 2024 it made 5 grants totaling $437K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sathya Educare Competency Trust | General Purpose | $410,000 |
| The Boyce L Ansley School Atlanta, GA | General Purpose | $15,000 |
| St Charles Borroemeo School New York, NY | General Purpose | $7,800 |
| Dover Union Free School District Dover Plains, NY | General Purpose | $3,000 |
| Northern Valley Regional High Demarest, NJ | General Purpose | $900 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,139,256 | $620,651 | $494,082 | $436,700 | 5 | $437,925 | $501,929 | $283,273 |
| 2023 | $5,012,687 | $351,632 | $292,444 | $245,314 | 2 | $246,291 | $207,164 | $269,965 |
| 2022 | $4,953,499 | $14,459 | $357,553 | $296,320 | 4 | $312,488 | $88,499 | $269,505 |
| 2021 | $5,296,593 | $650,721 | $217,687 | $169,900 | 4 | $185,614 | $560,982 | $298,230 |
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.
Leadership & Key People
Officers and directors from IRS filings
Sathya Educare Foundation Inc is led by Krishna P. Mikkilineni, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Krishna P. Mikkilineni
President
On filings since 2021
1 hr/week
No compensation reported
Dharmik S. Mikkilineni
Secretary
On filings since 2021
1 hr/week
No compensation reported
Kenneth Dugan
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Sathya Educare Foundation Inc
How much does Sathya Educare Foundation Inc give each year?
Sathya Educare Foundation Inc gave $437K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $245K across 2 grants.
What is Sathya Educare Foundation Inc's typical grant size?
Sathya Educare Foundation Inc's median grant in 2024 was $7,800, and its average grant was $87,340, across 5 grants on its 2024 IRS Form 990-PF.
Does Sathya Educare Foundation Inc give general operating support?
Yes: 100% of Sathya Educare Foundation Inc's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Sathya Educare Foundation Inc's largest grantees?
Sathya Educare Foundation Inc's largest 2024 grantees include Sathya Educare Competency Trust ($410,000), The Boyce L Ansley School ($15,000) and St Charles Borroemeo School ($7,800), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Sathya Educare Foundation Inc?
Sathya Educare Foundation Inc reported $5.1M in total assets on its 2024 IRS Form 990-PF. It paid out $438K in qualifying distributions that year, against a required minimum of $283K (roughly 5% of its investment assets).
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.
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 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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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