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Akila And S Somasegar Family Foundation

  • Seattle, WA
  • Tax-exempt since June 2015
  • EIN: 46-4902242

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
−$10k (2024)

Expenses
$139k (2024)

Total Assets
$545k (2024)

Total Liabilities
$5k (2024)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$10,045
Expenses
$139,078
Net Income
-$149,123
Net Assets
$539,771
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5
Dividends $36,316
Sales of Assets -$46,366
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $135,515
97.4%
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 $544,771
Total Liabilities $5,000
Net Assets $539,771
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (President) $0 $0
Sivaramakichenane Somasegar (Vice President) $0 $0

Document Links

990-PF
Filed on May 30, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,808,822
Expenses
$97,079
Net Income
$2,711,743
Net Assets
$664,962
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,611,411
93.0%
Interest Revenue $2,423
0.1%
Dividends $28,546
1.0%
Sales of Assets $166,442
5.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,605
97.5%
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 $669,962
Total Liabilities $5,000
Net Assets $664,962
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (President) $0 $0
Sivaramakichenane Somasegar (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 13, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$6,440
Expenses
$26,438
Net Income
-$19,998
Net Assets
$323,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,438
100.0%
Interest Revenue $2
0.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $23,219
87.8%
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 $328,319
Total Liabilities $5,000
Net Assets $323,319
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (President) $0 $0
Sivaramakichenane Somasegar (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,558
Expenses
$137,982
Net Income
-$95,424
Net Assets
$343,317
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,716
4.0%
Interest Revenue $0
Dividends $0
Sales of Assets $40,842
96.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $137,124
99.4%
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 $343,317
Total Liabilities $0
Net Assets $343,317
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (President) $0 $0
Sivaramakichenane Somasegar (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 4, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,105
Expenses
$91,370
Net Income
-$89,265
Net Assets
$368,666
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,000
47.5%
Interest Revenue $0
Dividends $10
0.5%
Sales of Assets $1,095
52.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $90,870
99.5%
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 $368,667
Total Liabilities $1
Net Assets $368,666
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (President) $0 $0
Sivaramakichenane Somasegar (Vice President) $0 $0

Document Links

990-PF
Filed on Nov. 9, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$47,429
Expenses
$89,729
Net Income
-$42,300
Net Assets
$440,395
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $2,500
5.3%
Interest Revenue $0
Dividends $45
0.1%
Sales of Assets $44,884
94.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $88,479
98.6%
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 $440,396
Total Liabilities $1
Net Assets $440,395
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (Director) $0 $0
Sivaramakichenane Somasegar (Director) $0 $0

Document Links

990-PF
Filed on May 28, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,440
Expenses
$34,665
Net Income
-$33,225
Net Assets
$444,885
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,436
99.7%
Interest Revenue $0
Dividends $4
0.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,947
97.9%
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 $444,885
Total Liabilities $0
Net Assets $444,885
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (Director) $0 $0
Sivaramakichenane Somasegar (Director) $0 $0

Document Links

990-PF
Filed on Aug. 6, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$2,888
Expenses
$42,328
Net Income
-$39,440
Net Assets
$460,868
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $25
0.9%
Interest Revenue $0
Dividends $3
0.1%
Sales of Assets $2,860
99.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,034
96.9%
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 $460,868
Total Liabilities $0
Net Assets $460,868
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (Director) $0 $0
Sivaramakichenane Somasegar (Director) $0 $0

Document Links

990-PF
Filed on May 8, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,865
Expenses
$104,304
Net Income
-$94,439
Net Assets
$484,184
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $4,392
44.5%
Interest Revenue $0
Dividends $508
5.1%
Sales of Assets $4,965
50.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $98,570
94.5%
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 $484,184
Total Liabilities $0
Net Assets $484,184
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (Director) $0 $0
Sivaramakichenane Somasegar (Director) $0 $0

Document Links

990-PF
Filed on May 11, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$123,600
Expenses
$46,867
Net Income
$76,733
Net Assets
$549,826
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $9,085
7.4%
Sales of Assets $114,515
92.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,368
90.4%
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 $563,413
Total Liabilities $13,587
Net Assets $549,826
Compensation
Key Employees and Officers Compensation Other
Akila Somasegar (Director) $0 $0
Sivaramakichenane Somasegar (Director) $0 $0

Document Links

990-PF
Filed on May 16, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$495,892
Expenses
$25,730
Net Income
$470,162
Net Assets
$470,162
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $496,482
> 100%
Interest Revenue $0
Dividends $10,109
2.0%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,500
95.2%
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 $470,162
Total Liabilities $0
Net Assets $470,162

Document Links

990-PF

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

PDF

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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