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EIN 47-1990700

IIT Madras Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Cupertino
State
California
Year formed
2014
Most recent tax filings
2023-12-01
NTEE code, primary
B43: University or Technological Institute
Description
The IIT Madras Foundation promotes education, scientific and technological research activities at the Indian Institute of Technology. In 2018, the foundation continued construction of a new track stadium at IIT Madras.
Total revenues
$9,524,469
2023
Total expenses
$6,098,062
2023
Total assets
$21,052,617
2023
Num. employees
2
2023

Program areas at IIT Madras Foundation

To promote education, scientific and technological research activities at indian institute of technology Madras including the following achievements for 2023:provided a number of mcm scholarships, faculty fellowships and named facilities

Who funds IIT Madras Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lakshan Foundation501(c)(3) Support$450,000
IitmaanaFunding for Medical Facility$408,765
The Reddy FoundationGeneral Purpose$305,000
...and 25 more grants received totalling $3,232,145

Personnel at IIT Madras Foundation

NameTitleCompensation
Anandkumar R KannurpattiChief Executive Officer$0
Ganesh BalakrishnanChief Financial Officer$0
Menon SunilVice President of Marketing 1994 B.tech
Philip ThachPast Chief Financial Officer$36,000
Diwakar VishakhadattaSecretary$0
...and 10 more key personnel

Financials for IIT Madras Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,898,124
Program services$0
Investment income and dividends$423,689
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$202,656
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$9,524,469

Form 990s for IIT Madras Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-10-12990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-02-17990View PDF
...and 5 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 7 new grant, including a grant for $408,765 from Iitmaana
December 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 2, 2023
Updated personnel
Identified 3 new personnel
November 26, 2023
Received grants
Identified 9 new grant, including a grant for $350,000 from Dhanam Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
EducationHuman services
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
10080 N Wolfe Rd Suite SW3-200
Cupertino, CA 95014
Metro area
San Jose-Sunnyvale-Santa Clara, CA
County
Santa Clara County, CA
Website URL
iitmfoundation.org/ 
Phone
(408) 657-0383
IRS details
EIN
47-1990700
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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