Nonprofit · EIN 81-3506404
LINGAM FOUNDATION INC
Tax-exempt · LONG IS CITY, NY 11109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $794,623 | $176,807 | $617,816 | $2,895,427 | $0 | $2,895,427 |
| December 31, 2023 | 990-PF | $1,096,958 | $6,740 | $1,090,218 | $2,278,974 | $0 | $2,278,974 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $725,000
- Dividends
- $75,560
- Net gain from sales of assets
- -$5,937
Expenses
- Grants and similar amounts paid
- $165,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $174,321
- Excise tax on investment income
- $1,016
Balance sheet and other
- Total assets, start of year
- $2,278,974
- Total assets, end of year
- $2,895,427
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,895,427
- Fair market value of assets
- $3,007,214
- Qualifying distributions
- $174,321
- Net investment income
- $75,560
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SASHI KIRAN LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | PRESIDENT/TREASURER/DIRECT | 1 | $0 |
| SHEELA LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | SECRETARY/DIRECTOR | 1 | $0 |
| BINDU LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SASHI KIRAN LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | PRESIDENT/TREASURER/DIRECT | 1 | $0 |
| SHEELA LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | SECRETARY/DIRECTOR | 1 | $0 |
| BINDU LINGAM 4615 CENTER BLVD, LONG ISLAND CITY, NY 11109 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4615 CENTER BLVD APT 509, LONG IS CITY, NY 11109-5746
- In care of
- % RUSSELL P LOVE
- Signed the 990-PF
- SASHI KIRAN LINGAM, PRESIDENT/TREASURER/DIRECTOR
- Phone
- (404) 322-6520
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-3506404
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,895,427
- Income (IRS master file)
- $800,670
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $794,623 | $176,807 | $2,895,427 | XML |
| 990-PF | December 2023 | $1,096,958 | $6,740 | $2,278,974 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3506404).
Questions about LINGAM FOUNDATION INC
- What is the EIN of LINGAM FOUNDATION INC?
- The employer identification number (EIN) of LINGAM FOUNDATION INC is 81-3506404.
- Is LINGAM FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to LINGAM FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LINGAM FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LINGAM FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LINGAM FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LINGAM FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does LINGAM FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $794,623, expenses of $176,807 and total assets of $2,895,427 at year end.
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