Program areas at Avasant Foundation
Overall achievements in 2023:over 52,000 lives impacted2700+ candidates graduated directly from the Avasant digital skills and entrepreneurs training programsover 100+ leading employers support the impact of the training by hiring our graduates60 + partnerships with educational and private and public sector90-95% success rate of job hires for graduates within 3 months of graduation100% diversity and inclusion, with over 65% female participation
Avasant Foundation supported stem and entrepreneurship education for disadvantaged youth in the united states as well as other initiatives in partnership with non-profit organizations.
In 2023:guyana: in partnership with inter-american development bank lab, and the university of guyana the Avasant digital skills training program graduated the following:digital skills 105, digital entrepreneurship 62, advanced digital skills ai/ml 59, pilot with high school students 30the bahamas: in partnership with the inter-american development bank, lab and the university of the bahamas the Avasant digital skills training program graduated 170in usa region Avasant digital skills offered a pilot for 15 and tye entrepreneur program supporting young entrepreneurs
Grants made by Avasant Foundation
Who funds Avasant Foundation
Grants from foundations and other nonprofits
Personnel at Avasant Foundation
| Name | Title | Compensation | Date of data |
|---|
| Chitra Rajeshwari | Executive Director | $0 | 2023-12-31 |
| Kevin Parikh | Chairman | $0 | 2024-05-15 |
| Ravi Mahalingam | Treasurer and Secretary | $0 | 2019-12-31 |
| Robert W Randoph | Past Treasurer | $0 | 2018-12-31 |
Financials for Avasant Foundation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $683,271 | $165,750 | 312.2% |
| Program services | $16,060 | $10,416 | 54.2% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $224,025 | $195,407 | 14.6% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $923,356 | $371,573 | 148.5% |
Organizations like Avasant Foundation
| Organization | Type | Location | Revenue |
|---|
| The Charles Lea Center Foundation | 501(c)(3) | Spartanburg, SC | $409,620 |
| Issaquah Schools Foundation | 501(c)(3) | Issaquah, WA | $900,146 |
| Odyssey | 501(c)(3) | Atlanta, GA | $1,270,760 |
| Wisconsin Pharmacy Foundation | 501(c)(3) | Madison, WI | $269,918 |
| Clay County Education Foundation | 501(c)(3) | Green Cove Springs, FL | $395,455 |
| African American Chamber Foundation of Western PA | 501(c)(3) | Pittsburgh, PA | $373,594 |
| The Gregg Pearson Foundation | 501(c)(3) | Grapevine, TX | $411,375 |
| Lutzie 43 Foundation | 501(c)(3) | Marietta, GA | $639,065 |
| SME Foundation | 501(c)(3) | Englewood, CO | $1,577,742 |
| College of Lake County Foundation | 501(c)(3) | Grayslake, IL | $2,897,556 |
Data update history
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 7, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 15, 2023
Used new vendors
Identified 1 new vendor, including
March 17, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Fundraising eventsState / local levelFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 1960 E Grand Ave 1050
- El Segundo, CA 90245
- Metro area
- Los Angeles-Long Beach-Anaheim, CA
- County
- Los Angeles County, CA
- Website URL
- avasant.com/foundation/home/Â
- Phone
- (310) 643-3030
IRS details
- EIN
- 46-0691011
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2012
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B00: Education: General
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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