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Filing year 2024

SOMAIYA FAMILY FOUNDATION

Miami Beach, Florida·EIN 84-4003529·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$602k
Total assets
$12.6M
Total expenses
$1.2M
Reported officers
1

Reported officers (all unpaid)

No paid executives reported in 2024. SOMAIYA FAMILY FOUNDATION reported 1 unpaid officer or board member on its 990-PF.

President/director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.1M

Itemized grants

9

Median grant

$114k

RecipientLocationPurposeAmount
SCHWAB CHARITABLE FUNDORLANDO, FLGENERAL OPERATING SUPPORT$339k
CHILDREN'S INN AT NIHBETHESDA, MDGENERAL OPERATING SUPPORT$200k
SCHWAB CHARITABLE FUNDORLANDO, FLGENERAL OPERATING SUPPORT$142k
SCHWAB CHARITABLE FUNDORLANDO, FLGENERAL OPERATING SUPPORT$139k
SCHWAB CHARITABLE FUNDORLANDO, FLGENERAL OPERATING SUPPORT$114k
MIAMI UNIVERSITY HEALTH SYSTEMMIAMI, FLDESAI SETHI MEDICAL CENTER$100k
SCHWAB CHARITABLE FUNDORLANDO, FLGENERAL OPERATING SUPPORT$90k
ASCEND FOUNDATIONNEW YORK, NYGENERAL OPERATING SUPPORT$4k
GIRLS INC OF NEW YORK CITYNEW YORK, NYGENERAL OPERATING SUPPORT$4k
Financial trend

Revenue and expenses over time

SOMAIYA FAMILY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$526k
$717k
2023
$602k
$1.2M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Florida

SOMAIYA FAMILY FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Florida earns a median of $18,656.

25th percentile
$8k
Median
$18,656
75th percentile
$60k
90th percentile
$150k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 1,989 organizations across 1,989 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Florida
FAQ

Common questions about SOMAIYA FAMILY FOUNDATION

What are SOMAIYA FAMILY FOUNDATION's revenue and expenses?

In 2024, SOMAIYA FAMILY FOUNDATION reported $602k in total revenue and $1.2M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.