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Dr Prem Reddy Family Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / History Museums (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.53M (2023)

Expenses
$1.46M (2023)

Total Assets
$45.8M (2023)

Total Liabilities
$118k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,531,925
Expenses
$1,457,028
Net Income
$74,897
Net Assets
$45,644,080
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $335,470
21.9%
Interest Revenue $95,543
6.2%
Dividends $718,400
46.9%
Sales of Assets $318,873
20.8%
Other Income $4,583
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $988,893
67.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $45,761,850
Total Liabilities $117,770
Net Assets $45,644,080
Compensation
Key Employees and Officers Compensation Other
Prem Reddy (President) $0 $0
Kavitha Reddy Bhatia (Secretary) $0 $0
Sunitha Reddy (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$57,940
Expenses
$11,520,196
Net Income
-$11,578,136
Net Assets
$43,164,115
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $750
Interest Revenue $21,567
Dividends $717,922
Sales of Assets -$827,127
Other Income $8,056
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,748,085
93.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $43,304,945
Total Liabilities $140,830
Net Assets $43,164,115
Compensation
Key Employees and Officers Compensation Other
Prem Reddy Md (President) $0 $0
Kavitha Reddy Bhatia Md (Secretary) $0 $0
Sunitha Reddy (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,595,439
Expenses
$2,537,162
Net Income
$5,058,277
Net Assets
$59,625,430
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $650
0.0%
Interest Revenue $4,978
0.1%
Dividends $1,325,192
17.4%
Sales of Assets $6,234,109
82.1%
Other Income $139
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,946,677
76.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $59,640,803
Total Liabilities $15,373
Net Assets $59,625,430
Compensation
Key Employees and Officers Compensation Other
Prem Reddy Md (President And Director) $0 $0
Kavitha Reddy Bhatia Md (Secretary/Cfo And Director) $0 $0
Sunitha Reddy (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,738,269
Expenses
$3,911,050
Net Income
$827,219
Net Assets
$56,798,147
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100
0.0%
Interest Revenue $7,582
0.2%
Dividends $623,200
13.2%
Sales of Assets $4,059,083
85.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,358,895
85.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,798,427
Total Liabilities $280
Net Assets $56,798,147
Compensation
Key Employees and Officers Compensation Other
Prem Reddy Md (President And Director) $0 $0
Kavitha Reddy Bhatia Md (Secretary/Cfo And Director) $0 $0
Sunitha Reddy (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$961,314
Expenses
$1,655,471
Net Income
-$694,157
Net Assets
$53,939,657
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150
0.0%
Interest Revenue $9,735
1.0%
Dividends $926,738
96.4%
Sales of Assets $0
Other Income $18,930
2.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $1,255,843
75.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $53,939,937
Total Liabilities $280
Net Assets $53,939,657

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,405,357
Expenses
$3,647,074
Net Income
-$2,241,717
Net Assets
$70,285,177
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $120,511
8.6%
Interest Revenue $102,608
7.3%
Dividends $723,230
51.5%
Sales of Assets $399,189
28.4%
Other Income $18,382
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,759,638
75.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,286,133
Total Liabilities $956
Net Assets $70,285,177

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,504,108
Expenses
$3,589,929
Net Income
$2,914,179
Net Assets
$72,287,054
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,000,486
76.9%
Interest Revenue $85,307
1.3%
Dividends $759,015
11.7%
Sales of Assets $602,488
9.3%
Other Income $21,505
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,889,832
80.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $72,294,449
Total Liabilities $7,395
Net Assets $72,287,054

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,198,653
Expenses
$5,943,359
Net Income
$255,294
Net Assets
$69,803,092
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $5,008,560
80.8%
Interest Revenue $117,952
1.9%
Dividends $551,914
8.9%
Sales of Assets $456,803
7.4%
Other Income $22,720
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,247,279
88.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $69,803,764
Total Liabilities $672
Net Assets $69,803,092

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,351,581
Expenses
$5,171,687
Net Income
-$3,820,106
Net Assets
$72,003,247
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,034
0.5%
Interest Revenue $230,795
17.1%
Dividends $526,154
38.9%
Sales of Assets $535,756
39.6%
Other Income $20,644
1.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,505,485
87.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $72,003,777
Total Liabilities $530
Net Assets $72,003,247

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$782,929
Expenses
$3,597,383
Net Income
-$2,814,454
Net Assets
$81,760,988
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $12,100
1.5%
Interest Revenue $206,282
26.3%
Dividends $447,258
57.1%
Sales of Assets $41,705
5.3%
Other Income $32,564
4.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,951,663
82.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $81,761,428
Total Liabilities $440
Net Assets $81,760,988

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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