EIN 47-0747227

Iit Foundation

Name: Iit Foundation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Omaha

State

Nebraska

Year formed

1991

Most recent tax filings

2023-12-01

NTEE code, primary

B80: Student Services and Organizations of Students

Description

The Iit Foundation is a non-profit organization with a mission to enhance the capability of the Indian Institute of Technology, Kharagpur. Alumnus Vinod Gupta established a professorship in honor of his former professor A.S. Davis, who instructed in the department of mechanical engineering and served as hall warden of Radhakrishnan Hall. The Guru Krupa Foundation donated $75,000 to support the establishment of the Academy of Classical and Folk Arts at IIT-KGP. As part of this initiative, IIT-KGP will create a music school. The foundation is located in Omaha, NE.

Also known as...

Iitkgp Foundation

Total revenues

$861,114

2023

Total expenses

$883,859

2023

Total assets

$3,025,893

2023

Num. employees

2023

Program areas at Iit Foundation

THE IITKGP FOUNDATION SPENT SIGNIFICANT RESOURCES IN 2023 ON THE ACADAMEY OF LEADERSHIP AND THE ACADAMEY OF FINE ARTS ON THE CAMPUS OF THE iNDIAN INSTITUTE OF TECHNOLOGY, KHARAGPUR.

The Iitkgp Foundation spent significant resources in 2023 on professorships in various disciplines at e campus of the indian institute of technology, kharagpur

The Iitkgp Foundation spent significant resources in 2023 on on refurbishing/renovating various dormitory halls on the campus of the indian institute of technology, kharagpur.

Other programs

Who funds Iit Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Fidelity Investments Charitable Gift Fund	2023-06	For Grant Recipient's Exempt Purposes	$146,475
Vanguard Charitable Endowment Program	2023-06	For Recipient's Exempt Purpose	$74,500
American Online Giving Foundation	2023-03	General Support	$32,124
...and 2 more grants received

Personnel at Iit Foundation

Name	Title	Compensation	Date of data
Rakesh Gupta	Treasurer	$0	2024-11-22
Asoke Deysarkar	President	$0	2024-11-22

Financials for Iit Foundation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$794,941	$2,330,748	-65.9%
Program services	$0	$0	-
Investment income and dividends	$65,893	$22,505	192.8%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$261,365	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$280	$35,442	-99.2%
Total revenues	$861,114	$2,650,060	-67.5%

Form 990s for Iit Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-12	990	View PDF
2022-12	2023-11-13	990	View PDF
2021-12	2022-11-10	990	View PDF
2020-12	2021-11-10	990	View PDF
2019-12	2021-02-24	990	View PDF
...and 10 more Form 990s

Organizations like Iit Foundation

Organization	Type	Location	Revenue
Kansas City Public Schools Education Foundation	501(c)(3)	Kansas City, MO	$1,716,053
Salt Lake Education Foundation	501(c)(3)	Salt Lake City, UT	$2,749,592
Woodside School Foundation	501(c)(3)	Woodside, CA	$2,947,849
The Soar Foundation	501(c)(3)	Fremont, CA	$1,661,698
Shin Shin Educational Foundation	501(c)(3)	San Jose, CA	$1,032,095
AWHS Falcon Foundation	501(c)(3)	San Anselmo, CA	$493,259
Patterson School Foundation	501(c)(3)	Patterson, NC	$313,863
Plymouth Education Foundation	501(c)(3)	Plymouth, WI	$279,477
Kansas Independent College Foundation	501(c)(3)	Topeka, KS	$1,460,083
Humble ISD Education Foundation	501(c)(3)	Humble, TX	$2,378,664

Data update history

January 6, 2025

Posted financials

Added Form 990 for fiscal year 2023

January 3, 2025

Used new vendors

Identified 1 new vendor, including

May 18, 2024

Received grants

Identified 1 new grant, including a grant for $32,124 from American Online Giving Foundation

January 4, 2024

Posted financials

Added Form 990 for fiscal year 2022

December 25, 2023

Used new vendors

Identified 1 new vendor, including

Nonprofit Types

Grantmaking organizationsCorporate foundationsSchoolsCharities

Issues

EducationForeign affairs

Characteristics

Operates internationallyTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 11218 John Galt Blvd 201; Omaha, NE 68137
Metro area: Omaha-Council Bluffs, NE-IA
County: Douglas County, NE
Website URL: iitkgpfoundation.org/
Phone: (650) 678-7309

IRS details

EIN: 47-0747227
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1991
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: B80: Student Services and Organizations of Students
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Iit Foundation

Program areas at Iit Foundation

Who funds Iit Foundation

Personnel at Iit Foundation

Financials for Iit Foundation

Form 990s for Iit Foundation

Organizations like Iit Foundation

Nonprofits

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