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Nonprofit · EIN 38-3380162

VATTIKUTI FOUNDATION

Also known as STASEVICH NICHOLAS J TTEE

Tax-exempt · SOUTHFIELD, MI 48075

Financials

$334K$2.6M2023$1.7M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of VATTIKUTI FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,675,029$3,933,906-$2,258,877$32,991,900$106,765$32,885,135
December 31, 2023990-PF$334,095$2,589,711-$2,255,616$35,144,487$0$35,144,487
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$26,742
Dividends
$630,408
Net gain from sales of assets
$688,471
Other income
$329,408

Expenses

Grants and similar amounts paid
$2,396,753
Compensation of officers, directors and key employees
$270,577
Salaries, compensation and benefits (total)
$290,927
Disbursements for charitable purposes
$3,542,246
Excise tax on investment income
$18,952

Balance sheet and other

Total assets, start of year
$35,144,487
Total assets, end of year
$32,991,900
Total liabilities, end of year
$106,765
Net assets, end of year
$32,885,135
Fair market value of assets
$44,270,613
Qualifying distributions
$3,542,246
Net investment income
$1,648,324

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.

NameTitleHours / weekCompensation
MAHENDRA BHANDARI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
CEO40$270,577
SARIKA MEHTA
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
CHIEF OF STAFF
Highest-paid employee
40$71,484
DAVE MEINHARD
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
VIDEO/WEB PRODUCER
Highest-paid employee
40$67,500
HANNAH HENSEL
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
BRANDING AND COMMUNI
Highest-paid employee
40$62,500
GIOVANNA SFERRAZZA-PAPA
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
EXECUTIVE DIRECTOR
Highest-paid employee
40$62,308
RAJ VATTIKUTI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
PRESIDENT4$0
PADMA VATTIKUTI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
VICE PRESIDENT3$0
NICHOLAS STASEVICH
150 W JEFFERSON SUITE 900, DETROIT, MI 48226
SECRETARY2$0
TIMOTHY MANNEY
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
TREASURER2$0
990-PF for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
MAHENDRA BHANDARI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
CEO40$150,000
SARIKA MEHTA
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
CHIEF OF STAFF
Highest-paid employee
40$79,479
DAVE MEINHARD
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
VIDEO/WEB PRODUCER
Highest-paid employee
40$65,000
GIOVANNA SFERRAZZA-PAPA
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
EXECUTIVE DIRECTOR
Highest-paid employee
40$60,000
HANNAH HENSEL
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
BRANDING AND COMMUNI
Highest-paid employee
40$53,750
RAJ VATTIKUTI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
PRESIDENT4$0
PADMA VATTIKUTI
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
VICE PRESIDENT3$0
NICHOLAS STASEVICH
150 W JEFFERSON SUITE 900, DETROIT, MI 48226
SECRETARY2$0
TIMOTHY MANNEY
1000 TOWN CENTER SUITE 700, SOUTHFIELD, MI 48075
TREASURER2$0

Address and contacts

Address (IRS master file)
2000 TOWN CTR, SOUTHFIELD, MI 48075-1134
Signed the 990-PF
RAJ VATTIKUTI, PRESIDENT
Phone
(248) 281-2513
Return prepared by
RSM US LLP

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
38-3380162
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
1999
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$32,991,900
Income (IRS master file)
$5,557,763

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,675,029$3,933,906$32,991,900XML
990-TDecember 2024–––IRS
990-PFDecember 2023$334,095$2,589,711$35,144,487XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 38-3380162).

Questions about VATTIKUTI FOUNDATION

What is the EIN of VATTIKUTI FOUNDATION?
The employer identification number (EIN) of VATTIKUTI FOUNDATION is 38-3380162.
Is VATTIKUTI FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to VATTIKUTI FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does VATTIKUTI FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of VATTIKUTI FOUNDATION 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 VATTIKUTI FOUNDATION 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 VATTIKUTI FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 9 people; 5 received compensation from the organization, the highest $270,577 (MAHENDRA BHANDARI, CEO).
How much revenue does VATTIKUTI FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,675,029, expenses of $3,933,906 and total assets of $32,991,900 at year end.

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