Vattikuti Foundation

Stasevich Nicholas J Ttee

Southfield, MI
Tax-exempt since Jan. 1999
EIN: 38-3380162

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Type of Nonprofit

Designated as a 501(c)(3) 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.68M (2024)

Expenses

$3.93M (2024)

Total Assets

$33M (2024)

Total Liabilities

$107k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$1,675,029

Expenses

$3,933,906

Net Income

-$2,258,877

Net Assets

$32,885,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,742	1.6%
Interest Revenue	$0
Dividends	$630,408	37.6%
Sales of Assets	$688,471	41.1%
Other Income	$329,408	19.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,542,246	90.0%
Compensation of Officers*	$270,577	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,991,900
Total Liabilities	$106,765
Net Assets	$32,885,135

Compensation

Key Employees and Officers	Compensation	Other
Mahendra Bhandari (Ceo)	$270,577	$32,425
Sarika Mehta (Chief Of Staff)	$71,484	$501
Dave Meinhard (Video/Web Producer)	$67,500	$0
Hannah Hensel (Branding And Communi)	$62,500	$77
Giovanna Sferrazza Papa (Executive Director)	$62,308	$4,365
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 14, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$334,095

Expenses

$2,589,711

Net Income

-$2,255,616

Net Assets

$35,144,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$200,000	59.9%
Interest Revenue	$0
Dividends	$492,069	> 100%
Sales of Assets	-$788,278
Other Income	$430,304	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,316,161	89.4%
Compensation of Officers*	$150,000	5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$35,144,487
Total Liabilities	$0
Net Assets	$35,144,487

Compensation

Key Employees and Officers	Compensation	Other
Mahendra Bhandari (Ceo)	$150,000	$52,979
Sarika Mehta (Chief Of Staff)	$79,479	$5,229
Dave Meinhard (Video/Web Producer)	$65,000	$0
Giovanna Sferrazza Papa (Executive Director)	$60,000	$0
Hannah Hensel (Branding And Communi)	$53,750	$2,009
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Feb. 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$571,211

Expenses

$2,691,941

Net Income

-$2,120,730

Net Assets

$37,397,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$904,448	> 100%
Sales of Assets	-$589,112
Other Income	$255,875	44.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,356,329	87.5%
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	$37,397,634
Total Liabilities	$0
Net Assets	$37,397,634

Compensation

Key Employees and Officers	Compensation	Other
Mahendra Bhandari (Program Director)	$141,346	$0
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 16, 2023

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$1,684,021

Expenses

$2,816,423

Net Income

-$1,132,402

Net Assets

$39,673,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	1.5%
Interest Revenue	$0
Dividends	$1,249,821	74.2%
Sales of Assets	$251,732	14.9%
Other Income	$157,468	9.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,423,131	86.0%
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	$39,673,747
Total Liabilities	$0
Net Assets	$39,673,747

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Revenue

$3,349,529

Expenses

$2,467,586

Net Income

$881,943

Net Assets

$41,456,641

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$684,549	20.4%
Sales of Assets	$2,300,039	68.7%
Other Income	$364,941	10.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,183,981	88.5%
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	$41,456,642
Total Liabilities	$1
Net Assets	$41,456,641

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$1,878,125

Expenses

$1,121,761

Net Income

$756,364

Net Assets

$40,587,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$820,868	43.7%
Sales of Assets	$1,025,008	54.6%
Other Income	$32,249	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$872,981	77.8%
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	$40,587,892
Total Liabilities	$1
Net Assets	$40,587,891

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$2,379,980

Expenses

$2,611,443

Net Income

-$231,463

Net Assets

$39,831,528

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$760,985	32.0%
Sales of Assets	$1,613,222	67.8%
Other Income	$5,773	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,051,872	78.6%
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	$39,831,528
Total Liabilities	$0
Net Assets	$39,831,528

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on July 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$4,782,645

Expenses

$3,339,931

Net Income

$1,442,714

Net Assets

$40,072,850

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$618,731	12.9%
Sales of Assets	$4,145,203	86.7%
Other Income	$18,711	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,821,530	84.5%
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	$40,072,850
Total Liabilities	$0
Net Assets	$40,072,850

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Oct. 8, 2018

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2016

Revenue

$3,075,347

Expenses

$1,410,794

Net Income

$1,664,553

Net Assets

$38,675,759

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,738,992	56.5%
Interest Revenue	$0
Dividends	$639,047	20.8%
Sales of Assets	$688,954	22.4%
Other Income	$8,354	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,070,705	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	$38,675,759
Total Liabilities	$0
Net Assets	$38,675,759

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2015

Revenue

$4,410,248

Expenses

$2,707,594

Net Income

$1,702,654

Net Assets

$37,011,206

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,931,770	66.5%
Interest Revenue	$0
Dividends	$711,608	16.1%
Sales of Assets	$792,917	18.0%
Other Income	-$26,047

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,325,981	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	$37,011,375
Total Liabilities	$169
Net Assets	$37,011,206

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Nov. 14, 2016

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$3,272,860

Expenses

$1,780,900

Net Income

$1,491,960

Net Assets

$37,702,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,950,000	59.6%
Interest Revenue	$0
Dividends	$922,746	28.2%
Sales of Assets	$279,302	8.5%
Other Income	$120,812	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,587,235	89.1%
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	$37,702,778
Total Liabilities	$243
Net Assets	$37,702,535

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Oct. 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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PDF (2 of 2)

Fiscal Year Ending Dec.
2013

Revenue

$4,182,056

Expenses

$2,406,579

Net Income

$1,775,477

Net Assets

$34,534,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,733,745	41.5%
Interest Revenue	$0
Dividends	$1,618,150	38.7%
Sales of Assets	$720,031	17.2%
Other Income	$110,130	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,318,219	96.3%
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	$34,534,778
Total Liabilities	$243
Net Assets	$34,534,535

Compensation

Key Employees and Officers	Compensation	Other
Raj Vattikuti (President)	$0	$0
Padma Vattikuti (Vice President)	$0	$0
Nicholas Stasevich (Secretary)	$0	$0
Timothy Manney (Treasurer)	$0	$0

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990-PF

Filed on Aug. 7, 2014

Primary tax return for a private foundation's activities, finances, and governance

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990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

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Fiscal Year Ending Dec.
2012

Revenue

$1,870,556

Expenses

$910,575

Net Income

$959,981

Net Assets

$31,324,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$205,000	11.0%
Interest Revenue	$0
Dividends	$859,244	45.9%
Sales of Assets	$625,167	33.4%
Other Income	$181,145	9.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$752,846	82.7%
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	$31,327,928
Total Liabilities	$3,657
Net Assets	$31,324,271

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,168,798

Expenses

$1,301,295

Net Income

$4,867,503

Net Assets

$29,273,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,920,735	63.6%
Interest Revenue	$0
Dividends	$771,500	12.5%
Sales of Assets	$1,415,377	22.9%
Other Income	$61,186	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,116,157	85.8%
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	$29,277,253
Total Liabilities	$3,566
Net Assets	$29,273,687

990-PF

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Vattikuti Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.68M (2024)

Expenses $3.93M (2024)

Total Assets $33M (2024)

Total Liabilities $107k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$1.68M (2024)

Expenses

$3.93M (2024)

Total Assets

$33M (2024)

Total Liabilities

$107k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001