NORTH SOUTH FOUNDATION

EIN: 363659998 501(c)(3) Education

Burr Ridge, IL

Total Revenue
$4,125,016
Total Expenses
$6,086,490
Total Assets
$13,822,392
Net Assets
$13,822,392
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
IL
Principal Officer
Arun Maheshwari
Phone
6303231966
Tax Period
2024-05-01 to 2025-04-30

NORTH SOUTH FOUNDATION, founded in 1989, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $6.1M exceeded revenue, resulting in a 48% operating deficit.

Mission

Empower every child to achieve their maximum potential. 1) Provide education scholarships and resources to needy children, 2) Empower every child to excel in education and to be an empathetic holistic leader, and 3)Provide a platform for volunteers to support the community.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,028,031
Program Service Revenue $400,459
Investment Income $2,690,526
Other Revenue $6,000
TOTAL REVENUE $4,125,016

Expense Breakdown

Grants Paid $4,880,063
Salaries & Benefits $292,864
Fundraising Expenses $0
Program Expenses $6,041,201
Other Expenses $913,563
TOTAL EXPENSES $6,086,490

Year-over-Year Comparison

2024 2023 Change
Revenue $4,125,016 $2,702,597 +0.5%
Expenses $6,086,490 $2,135,458 +1.9%
Net Income $-1,961,474 $567,139 -4.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
2500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$205,208
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Visalakshi Meyyappan Chief Administrative Officer 40
Officer
$102,708 $0 $102,708
Srivittal Choppara CEO 40
Officer
$102,500 $0 $102,500
Dr Arun Maheshwari Board Member/Chairman & CEO 40
Officer Director
$0 $0 $0
Dr Ratnam Chitturi Board Member 40
Director
$0 $0 $0
Dr Prasad Kaipa Board Member 4
Director
$0 $0 $0
Dr Praveen Goli Board Member 4
Director
$0 $0 $0
Savitha Naidu Board Member/Secretary 4
Officer Director
$0 $0 $0
Dr Rao Chalasani Board Member/Non-voting/Chairman Emeritus 4
Director
$0 $0 $0
Veena Gundavelli Board Member 4
Director
$0 $0 $0
Monil Ruparel Board Member 4
Director
$0 $0 $0
Mahesh Bhatia Board member 4
Director
$0 $0 $0
Hiren Thakar Board Member 4
Director
$0 $0 $0
Siva Vavilala Board Member 4
Director
$0 $0 $0
Anita Gavini Chief Operating Officer 4
Director
$0 $0 $0
Balu Natarajan CEO 15
Officer Director
$0 $0 $0
Surabhi Pokhriyal Director 4
Director
$0 $0 $0
Athena Savino Director 4
Director
$0 $0 $0
Manish Maheshwari Treasurer 4
Officer
$0 $0 $0
Srikanth R Volunteer - CFO 12.00
Officer
$0 $0 $0
Bala Bhagavat CFO 10
Officer
$0 $0 $0
Mahavir Gandhi CFO 10
Officer
$0 $0 $0
Roopashree Srikanth Treasurer 4
Officer
$0 $0 $0
Desi Vijay Secretary 6
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,125,016 $6,086,490 $13,822,392 $-1,961,474
2024 $2,702,597 $2,135,458 $15,717,719 $567,139
2023 $1,573,337 $1,120,111 $15,315,533 $453,226
2023 $1,560,837 $1,107,611 $15,315,533 $453,226
2022 $1,877,366 $1,009,824 $14,862,307 $867,542
2021 $2,305,122 $331,999 $13,994,765 $1,973,123
2020 $2,092,212 $1,559,238 $12,021,642 $532,974
2019 $2,027,375 $981,795 $11,488,668 $1,045,580
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