Binaytara Foundation

“Dr binay shah and tara shah are husband and wife”

“Form 990 is shared with all board members electronically before filing.”

“The organization consulted with a non-profit attorney for guidance on determining compensation. Organization reviewed compensation reports, and other publicly available compensation information for similar roles and qualifications.independent board members vote on the compensation.key employee compensation is determined in a similar manner; based on job market listings and consulting with recruiting agencies.”

“The form 990 information return is posted on the organization's website after filing with the internal revenue service.”

“The organization was undergoing an audit of their october 31, 2023 financials at the time the original form 990 was filed. The audit resulted in adjustments to the financial statements. This necessitated the filing of an amended return. The following line items on form 990 were affected by these changes:page 1 line g; line 4, and 5; revenue lines 9 and 12; expense lines 13, 15, 16b, 17, 18, 19; net asset lines 20, 21 and 22page 2 expenses and revenue line 4a; expenses and grants line 4b; expenses line 4c; total program service expenses line 4epage 3 check boxes 11d, 11e, 11f, 12a, 14a, and 18 page 4 check boxes 23, 28apage 5 part v line 2apage 6 part v1 section a line 1bpage 7 part vii, section a, compensation changed for: mark pegram, dr binay shah, dr siddhartha yadavpage 8 part vii check boxes 3 and 4page 9 statement of revenue lines 1c, 1f, 1g, 1h and 2a; total revenue line 12page 10 statement of functional expenses lines 1 through 25; reclassification of expenses between program, management and fundraising. Amounts changed lines 3, 5, 7, 9, 10, 11a, 11g, 12, 13, 14, 17, 19. Other expense line 24 amounts and categories changedpage 11 balance sheet, assets, lines 1 through 4, line 9, 15 and 16. Liabilities line 17 through 26. Net assets lines 27 through 33page 12 reconciliation of net assets lines 1 through 3, line 6, line 10.”

“The following line items on schedule a were affected by these changes:page 3 section a public support line 1e, 2e, 7a, 7b. Section c computation of public support percentage line 15”

“Schedule d is added for the amended return”

“Part 1 line 3f amount changedpart ii line 1e amount changed; line 2 changed”

“REMOVED”

“REMOVED”

“REMOVED”

“EXPLANATIONS MODIFIED”