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The Murthynayak Foundation Inc

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
$226k (2024)

Expenses
$268k (2024)

Total Assets
$7.03M (2024)

Total Liabilities
$69.5k (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$226,322
Expenses
$268,001
Net Income
-$41,679
Net Assets
$6,958,180
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $214,452
94.8%
Dividends $11,870
5.2%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $259,366
96.8%
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 $7,027,630
Total Liabilities $69,450
Net Assets $6,958,180
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$232,142
Expenses
$351,919
Net Income
-$119,777
Net Assets
$6,999,859
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $231,106
99.6%
Sales of Assets $0
Other Income $1,036
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $350,065
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 $7,000,209
Total Liabilities $350
Net Assets $6,999,859
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$700,990
Expenses
$382,173
Net Income
$318,817
Net Assets
$7,119,636
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $501,940
71.6%
Interest Revenue $0
Dividends $199,055
28.4%
Sales of Assets -$5
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $377,233
98.7%
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 $7,136,325
Total Liabilities $16,689
Net Assets $7,119,636
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Nijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$768,430
Expenses
$399,737
Net Income
$368,693
Net Assets
$6,800,819
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $520,253
67.7%
Interest Revenue $0
Dividends $248,177
32.3%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $395,777
99.0%
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 $6,800,819
Total Liabilities $0
Net Assets $6,800,819
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Nijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$163,845
Expenses
$320,189
Net Income
-$156,344
Net Assets
$6,432,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $149,580
91.3%
Dividends $14,265
8.7%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $286,038
89.3%
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 $6,432,126
Total Liabilities $1
Net Assets $6,432,125
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$192,687
Expenses
$332,448
Net Income
-$139,761
Net Assets
$6,588,469
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $177,629
92.2%
Dividends $14,265
7.4%
Sales of Assets $793
0.4%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $318,865
95.9%
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 $6,588,470
Total Liabilities $1
Net Assets $6,588,469
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,075,939
Expenses
$305,983
Net Income
$769,956
Net Assets
$6,728,231
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $900,000
83.6%
Interest Revenue $175,910
16.3%
Dividends $0
Sales of Assets $29
0.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $303,013
99.0%
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 $6,728,231
Total Liabilities $0
Net Assets $6,728,231
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$872,419
Expenses
$298,404
Net Income
$574,015
Net Assets
$5,958,275
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $702,000
80.5%
Interest Revenue $170,438
19.5%
Dividends $0
Sales of Assets -$19
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $292,386
98.0%
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 $5,958,275
Total Liabilities $0
Net Assets $5,958,275
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$170,469
Expenses
$284,839
Net Income
-$114,370
Net Assets
$5,398,558
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $167,993
98.5%
Dividends $0
Sales of Assets $2,476
1.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $280,965
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 $5,398,558
Total Liabilities $0
Net Assets $5,398,558
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$177,673
Expenses
$288,063
Net Income
-$110,390
Net Assets
$5,512,928
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $177,201
99.7%
Dividends $0
Sales of Assets $472
0.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $282,586
98.1%
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 $5,512,928
Total Liabilities $0
Net Assets $5,512,928
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$170,528
Expenses
$278,823
Net Income
-$108,295
Net Assets
$5,654,100
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $170,528
100%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $264,193
94.8%
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 $5,721,418
Total Liabilities $67,318
Net Assets $5,654,100
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Shay Taylor (Secretary) $0 $0
Vijay Nayak (Treasurer) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$289,638
Expenses
$311,503
Net Income
-$21,865
Net Assets
$5,762,395
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
34.5%
Interest Revenue $189,686
65.5%
Dividends $0
Sales of Assets -$48
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $299,085
96.0%
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 $5,762,395
Total Liabilities $0
Net Assets $5,762,395
Compensation
Key Employees and Officers Compensation Other
Sheela Murthy (President) $0 $0
Vasant Nayak (Vice President) $0 $0
Srinivas Murthy (Trustee) $0 $0
Kenneth B Coehlo (Trustee) $0 $0
Joseph E Pollak (Trustee) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$308,090
Expenses
$250,000
Net Income
$58,090
Net Assets
$5,764,392
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $100,000
32.5%
Interest Revenue $208,090
67.5%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $250,000
100%
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 $5,764,392
Total Liabilities $0
Net Assets $5,764,392

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$724,436
Expenses
$208,269
Net Income
$516,167
Net Assets
$5,726,170
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $500,000
69.0%
Interest Revenue $224,448
31.0%
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $200,000
96.0%
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 $5,726,170
Total Liabilities $0
Net Assets $5,726,170

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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