The Uppalapati Foundation Inc

KITTY HAWK, NC EIN: 87-3821133

The Uppalapati Foundation Inc is a private foundation focused on Education, based in KITTY HAWK, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $215K in total assets. In 2024, it awarded 2 grants totaling $485K. Net investment income was $12K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$215K

+37.9% YoY

Annual Giving

$485K

+16908.9% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$242K

+8404.5% YoY

Under IRS private-foundation payout rules, The Uppalapati Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About The Uppalapati Foundation Inc

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $8K (100%)

States

North Carolina

Cities

Greenville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$215,159	$155,986	$146,472
Revenue	$544,459	$13,251	$89,800
Expenses	$485,286	$3,737	$2,340
Qualifying Distributions	$484,755	$3,737	$2,340
Net Investment Income	$12,302	$676	—
Distributable Amount	$11,882	$7,281	$3,517

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sri Gurudeva Charitable Trust ($480,000), Joy Community Center ($4,755).

Recipient	Purpose	Amount
JOY COMMUNITY CENTER GREENVILLE, NC	TO ASSIST JOY COMMUNITY CENTER'S MISSION TO DEAL WITH FOOD INSECUIRTY BY PROIVIDING MEALS TO THE POOR AND HOMELESS IN THE GREENVILLE, NORTH CAROLINA COMMUNITY.	$4,755
SRI GURUDEVA CHARITABLE TRUST	TO FUND A 100-BED CANCER HOSPITAL TO PROVIDE HIGH QUALITY CARE TO CANCER PATIENTS	$480,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
VENKATAPATHI RAJU UPPALAPATI	PRESIDENT	5	—
ALEKHYA UPPALAPATI	TREASURER	2	—
AMULYA UPPALAPATI	SECRETARY	2	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is The Uppalapati Foundation Inc?

The Uppalapati Foundation Inc is a private foundation focused on Education, based in KITTY HAWK, NC. It holds $215K in total assets as of 2024.

How large is The Uppalapati Foundation Inc?

As of 2024, The Uppalapati Foundation Inc holds $215K in total assets with $544K in annual revenue. It awarded 2 grants totaling $485K in 2024.

Where does The Uppalapati Foundation Inc operate?

The Uppalapati Foundation Inc has awarded grants in North Carolina.

What size grants does The Uppalapati Foundation Inc award?

In 2024, The Uppalapati Foundation Inc awarded 2 grants totaling $485K — an average of about $242K per grant, based on its IRS Form 990 filings.

How much is The Uppalapati Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Uppalapati Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.