VARANASI FAMILY FOUNDATION
Reduce your risk when donating: see where the money actually goes.
Reduce your risk when donating: see where the money actually goes.
Cite this
Plain text VARANASI FAMILY FOUNDATION. furp.org, nonprofit organization profile, tax years 2021–2024. https://furp.org/org/varanasi-family-foundation-851620462. Retrieved 2026-11-09.
APA furp.org. (n.d.). VARANASI FAMILY FOUNDATION [Nonprofit organization profile; tax years 2021–2024]. Retrieved November 9, 2026, from https://furp.org/org/varanasi-family-foundation-851620462
MLA “VARANASI FAMILY FOUNDATION.” furp.org, tax years 2021–2024, https://furp.org/org/varanasi-family-foundation-851620462. Accessed 9 Nov. 2026.
Retrieved 2026-11-09; covers tax years 2021–2024. Data: furp.org (index © the FURP Alliance; the records are public domain).
2024 · Form 990PF · revenue $426K · expenses $33K · assets $1.5M
- EIN
- 85-1620462
- Address
- FOUNDATION SOURCE 501 SILVERSIDE RD, WILMINGTON, DE 19809-0000
- NTEE code
- T22 Private Independent Foundations (Philanthropy, Voluntarism and Grantmaking Foundations) published (IRS Business Master File)
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- May 2021 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (private foundation) Pub 78 ↗
- Foundation status
- Private non-operating foundation
- Cross-check
- ProPublica Nonprofit Explorer
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
None of the 2 people listed on these returns reported compensation from the organization. They are listed below.
Officers and directors, no compensation reported
2 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 2021-2024 | 1 | $0 reported | 1 |
| Theresa Varanasi | Co- Pres, Dir, Sec | 2021-2024 | 1 | $0 reported | 1 |
People by year
2024 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 1 | $0 | - | $0 | $0 | 1 |
| Theresa Varanasi | Co- Pres, Dir, Sec | 1 | $0 | - | $0 | $0 | 1 |
2023 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 1 | $0 | - | $0 | $0 | 1 |
| Theresa Varanasi | Co- Pres, Dir, Sec | 1 | $0 | - | $0 | $0 | 1 |
2022 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 1 | $0 | - | $0 | $0 | 1 |
| Theresa Varanasi | Co- Pres, Dir, Sec | 1 | $0 | - | $0 | $0 | 1 |
2021 · 2 people listed · none paid
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Sai Varanasi | Co- Pres, Dir, Treas | 1 | $0 | - | $0 | $0 | 1 |
| Theresa Varanasi | Co- Pres, Dir, Sec | 1 | $0 | - | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2024 · 2 grants to organizations · $12K
2023 · 1 grant to organizations · $2K
2022 · 1 grant to organizations · $10K
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
Contributors listed on Schedule B of the Form 990-PF: name, city and state as filed (street addresses are not shown), with total and noncash contributions for the year. A link to an organization's page is tagged Fuzzy with its name-similarity score (0 to 1) when it rests on name and state; Schedule B lists no EIN, so no link here is an exact identifier match.
2024 · 1 contributor · $158K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | Varanasi Sai | Person | Boulder, CO | $158,292 | $157,293 | Form 990PF Sch. B, 2024 · filing |
2023 · 1 contributor · $430K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | Varanasi Sai | Person | Boulder, CO | $429,561 | $429,561 | Form 990PF Sch. B, 2023 · filing |
2022 · 1 contributor · $126K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | Varanasi Sai | Person | Boulder, CO | $126,263 | $126,263 | Form 990PF Sch. B, 2022 · filing |
2021 · 1 contributor · $298K
| # | Contributor | Type | City, state | Total | Noncash | Source |
|---|---|---|---|---|---|---|
| 1 | Varanasi Sai | Person | Boulder, CO | $297,995 | $297,995 | Form 990PF Sch. B, 2021 · filing |
Contributors listed here are as reported on the filing. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990PF | ||||||||
| $425,611 | $32,860 | $1,483,591 | $1,483,591 | $158,292 | - | $0 | - | - |
| 2023 · Form 990PF | ||||||||
| $417,048 | $15,632 | $1,090,840 | $1,090,840 | $429,561 | - | $0 | - | - |
| 2022 · Form 990PF | ||||||||
| $135,881 | $22,794 | $689,424 | $689,424 | $126,263 | - | $0 | - | - |
| 2021 · Form 990PF | ||||||||
| $334,825 | $10,155 | $576,337 | $576,337 | $297,995 | - | $0 | - | - |
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. NTEE: the IRS’s code when it lists one, otherwise FURP’s inferred code. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| WEIR FAMILY FOUNDATION | DE | T22 | $400,171 | $0 | Pres, Dir, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| HEASTY FAMILY FOUNDATION | DE | T22 | $427,963 | $48,122 | Dir, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| SPRUNK FAMILY FOUNDATION | DE | T22 | $455,346 | $444,060 | Dir, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| MARKHAM FAMILY FOUNDATION | DE | T22 | $405,376 | $423,859 | Dir, Treas, VP | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| The Egan Family Foundation | DE | T22 | $449,195 | $16,899 | Dir, Pres, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| THE CORLISS FAMILY FOUNDATION | DE | T22 | $418,066 | $82,052 | Dir, Pres | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| THE BARBARA FRANCES FAMILY FOUNDATION INC | DE | T22 | $399,527 | $232,424 | Dir, Sec | $0 | Same NTEE code T22, revenue within 2x, same state, similar name |
| JOCKERS FAMILY FOUNDATION EA0182876 | DE | T22 | $412,661 | $498,633 | TRUSTEE | $96,418 | Same NTEE code T22, revenue within 2x, same state |
| JOSEPH & RUTH SCODARI FAMILY FOUNDATION | DE | T22 | $407,869 | $219,347 | Co-Pres, Dir, Sec | $0 | Same NTEE code T22, revenue within 2x, same state |
| THE CLARK & SHANNON BUERK FAMILY FOUNDATION | DE | T22 | $407,952 | $316,407 | Dir, Pres | $34,000 | Same NTEE code T22, revenue within 2x, same state |
| JONATHAN AND RAE CORR FAMILY FOUNDATION | DE | T22 | $447,444 | $562,565 | Co- Pres, Dir, Treas | $0 | Same NTEE code T22, revenue within 2x, same state |
| THE ROBERT SELDOMRIDGE FAMILY FOUNDATION | DE | T22 | $401,714 | $21,971 | Dir, Pres, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state |
| PRIMED FOUNDATION | DE | T22 | $431,655 | $398,652 | Sec | $253 | Same NTEE code T22, revenue within 2x, same state |
| DANIEL HAIMING & CAI LI CHANG FAMILY FOUNDATION | DE | T22 | $430,294 | $2,307,814 | Dir, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state |
| THE ROYSO FOUNDATION | DE | T22 | $408,159 | $404,521 | DIRECTOR | $0 | Same NTEE code T22, revenue within 2x, same state |
| POLE CREEK FOUNDATION | DE | T22 | $418,722 | $145,125 | Co- Pres, Dir, Sec | $0 | Same NTEE code T22, revenue within 2x, same state |
| THE MIDVALE FOUNDATION | DE | T22 | $433,683 | $332,180 | Dir, VP | $0 | Same NTEE code T22, revenue within 2x, same state |
| KAP 508 FOUNDATION INC | DE | T22 | $453,679 | $101,205 | Dir, Pres | $0 | Same NTEE code T22, revenue within 2x, same state |
| BRADBURY AND JANET ANDERSON FAMILYFOUNDATION | DE | T22 | $422,582 | $226,396 | Chairman of the Board | $0 | Same NTEE code T22, revenue within 2x, same state |
| ALAN SPANIER FOUNDATION | DE | T22 | $423,826 | $664,004 | Dir, VP | $0 | Same NTEE code T22, revenue within 2x, same state |
| YAVERLAND FOUNDATION INC | DE | T22 | $427,047 | $408,470 | PRESIDENT/SECRETARY/TREAS | $0 | Same NTEE code T22, revenue within 2x, same state |
| THE BRIGHT OAK FOUNDATION | DE | T22 | $424,085 | $18,332 | Dir, Treas, Co- Pres | $0 | Same NTEE code T22, revenue within 2x, same state |
| TEAM BROWN FOUNDATION INC | DE | T22 | $431,034 | $335,679 | Dir | $0 | Same NTEE code T22, revenue within 2x, same state |
| CLINE CHARITABLE FOUNDATION | DE | T22 | $420,099 | $73,913 | Dir, Pres, Sec, Treas | $0 | Same NTEE code T22, revenue within 2x, same state |
| MIZORA NGUYENHUA FOUNDATION | DE | T22 | $402,505 | $12,500 | Dir, Pres, Sec, Trea | $0 | Same NTEE code T22, revenue within 2x, same state |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
| Grantor | Total given | Grants | Organizations funded | Type | Years | Which ones |
|---|---|---|---|---|---|---|
| THE HARVEY M MEYERHOFF FUND INC | $3,000 | 1 | 1 | Private foundation | 2014–2014 | THE ALSOP FAMILY FOUNDATION |
| MCINTYRE FAMILY FOUNDATION INC | $500 | 1 | 1 | Private foundation | 2025–2025 | THE ALSOP FAMILY FOUNDATION |
| AMAZONSMILE FOUNDATION | $71 | 4 | 1 | Private foundation | 2020–2023 | WASATCH FAMILY FOUNDATION |
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990PF · $32,860 spent · pay $0 · grants $12,500 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Other expenses | $14,393 | 43.8% | |
| Contributions, gifts, grants paid | $12,500 | 38.0% | |
| Taxes | $5,967 | 18.2% | |
| Total | $32,860 | 100% |
2023 · Form 990PF · $15,632 spent · pay $0 · grants $2,500 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Other expenses | $12,069 | 77.2% | |
| Contributions, gifts, grants paid | $2,500 | 16.0% | |
| Taxes | $1,063 | 6.8% | |
| Total | $15,632 | 100% |
2022 · Form 990PF · $22,794 spent · pay $0 · grants $10,000 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $10,000 | 43.9% | |
| Other expenses | $9,262 | 40.6% | |
| Taxes | $3,532 | 15.5% | |
| Total | $22,794 | 100% |
2021 · Form 990PF · $10,155 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Other expenses | $8,224 | 81.0% | |
| Taxes | $1,931 | 19.0% | |
| Total | $10,155 | 100% |
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