Smaartz Foundation Inc is a private foundation focused on Youth Development, based in NEW CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 7 grants totaling $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$228K
+9.2% YoY
Annual Giving
$20K
+273.0% YoY
Grant Count
7
+75.0% YoY
Avg Grant Size
$3K
+113.2% YoY
Under IRS private-foundation payout rules, Smaartz Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Smaartz Foundation Inc
Based on IRS filings
Smaartz Foundation Inc is a private foundation focused on Youth Development, based in NEW CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $228K in total assets. In 2024, it awarded 7 grants totaling $20K.
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 | $227,678 | $208,530 | $114,410 |
| Revenue | $40,000 | $100,000 | — |
| Expenses | $20,852 | $5,880 | $28,209 |
| Qualifying Distributions | $19,882 | $5,330 | $27,306 |
| Net Investment Income | — | — | — |
| Distributable Amount | $10,742 | $7,952 | $6,329 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Southern California ($13,619), Deepa Sree Jonnalagadda ($2,204), Surya P Kotikalapudi ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SURYA P KOTIKALAPUDI SOUTH FARMINGDALE, NY | CHARITABLE | $1,500 |
| SHARAT BRONX, NY | CHARITABLE | $250 |
| DEEPA SREE JONNALAGADDA | CHARITABLE | $2,204 |
| SRI RANGANATHA TEMPLE POMONA, NY | CHARITABLE | $1,000 |
| TELUGU LITERARY AND CULTURAL ASSOC QUEENS, NY | CHARITABLE | $1,000 |
| UNIVERSITY OF SOUTHERN CALIFORNIA LOS ANGELES, CA | CHARITABLE | $13,619 |
| VENKATESWARLU PANNALA | CHARITABLE | $309 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SRINIVAS RAVI | PRESIDENT | 1 | — |
| RAMSITA PISIPATI | VICE PRESIDE | 1 | — |
| ANIRUDDH MARELLAPUDI | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Smaartz Foundation Inc?
Smaartz Foundation Inc is a private foundation focused on Youth Development, based in NEW CITY, NY. It holds $228K in total assets as of 2024.
How large is Smaartz Foundation Inc?
As of 2024, Smaartz Foundation Inc holds $228K in total assets with $40K in annual revenue. It awarded 7 grants totaling $20K in 2024.
Where does Smaartz Foundation Inc operate?
Smaartz Foundation Inc has awarded grants in California, Delaware, New York, West Virginia.
What size grants does Smaartz Foundation Inc award?
In 2024, Smaartz Foundation Inc awarded 7 grants totaling $20K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Smaartz Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Smaartz Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Smaartz Foundation Inc's EIN?
Smaartz Foundation Inc's EIN (Employer Identification Number) is 81-4700120. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Smaartz Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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