Civic Intelligence

Iitkgp Foundation

990 • Fiscal year 2016 • EIN 47-0747227

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

11218 John Galt BlvdOmaha, NE 68137

(402) 560-0768

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

5th percentile

-75%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,016,960

Down $457,795 (-31%) from 2015

Net Assets

Down

$1,016,960

Down $457,795 (-31%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Down

$614,208

Down $109,819 (-15%) from 2015

Expenses

Up

$1,072,003

Up $563,553 (+111%) from 2015

Net Income

Down

-$457,795

Down $673,372 (-312%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $614,867Liabilities 2011: $0Net Assets 2011: $614,8672011Assets 2012: $604,043Liabilities 2012: $0Net Assets 2012: $604,0432012Assets 2013: $801,217Liabilities 2013: $0Net Assets 2013: $801,2172013Assets 2014: $1,280,993Liabilities 2014: $0Net Assets 2014: $1,280,9932014Assets 2015: $1,474,755Liabilities 2015: $0Net Assets 2015: $1,474,7552015Assets 2016: $1,016,960Liabilities 2016: $0Net Assets 2016: $1,016,9602016Assets 2017: $1,180,804Liabilities 2017: $0Net Assets 2017: $1,180,8042017Assets 2018: $1,229,163Liabilities 2018: $0Net Assets 2018: $1,229,1632018Assets 2019: $1,772,775Liabilities 2019: $0Net Assets 2019: $1,772,7752019Assets 2020: $1,603,566Liabilities 2020: $0Net Assets 2020: $1,603,5662020Assets 2021: $2,505,378Liabilities 2021: $0Net Assets 2021: $2,505,3782021Assets 2022: $2,975,671Liabilities 2022: $0Net Assets 2022: $2,975,6712022Assets 2023: $3,025,893Liabilities 2023: $0Net Assets 2023: $3,025,8932023Assets 2024: $3,367,827Liabilities 2024: $0Net Assets 2024: $3,367,8272024

Highlighted filing

2016

Assets$1,016,960
Liabilities$0
Net Assets$1,016,960

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,453,425Expenses 2011: $1,579,647Net Income 2011: -$126,2222011Revenue 2012: $217,113Expenses 2012: $238,781Net Income 2012: -$21,6682012Revenue 2013: $399,731Expenses 2013: $201,433Net Income 2013: $198,2982013Revenue 2014: $756,804Expenses 2014: $278,156Net Income 2014: $478,6482014Revenue 2015: $724,027Expenses 2015: $508,450Net Income 2015: $215,5772015Revenue 2016: $614,208Expenses 2016: $1,072,003Net Income 2016: -$457,7952016Revenue 2017: $629,799Expenses 2017: $625,618Net Income 2017: $4,1812017Revenue 2018: $812,661Expenses 2018: $687,216Net Income 2018: $125,4452018Revenue 2019: $1,160,364Expenses 2019: $775,433Net Income 2019: $384,9312019Revenue 2020: $946,954Expenses 2020: $1,104,650Net Income 2020: -$157,6962020Revenue 2021: $1,432,256Expenses 2021: $878,504Net Income 2021: $553,7522021Revenue 2022: $2,650,060Expenses 2022: $1,538,804Net Income 2022: $1,111,2562022Revenue 2023: $861,114Expenses 2023: $883,859Net Income 2023: -$22,7452023Revenue 2024: $602,020Expenses 2024: $819,146Net Income 2024: -$217,1262024

Highlighted filing

2016

Revenue$614,208
Expenses$1,072,003
Net Income-$457,795
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$614,208
Mission and Program Overview

Mission

The IITKGP Foundation is a non-profit organization devoted to enhancing the capability of the Indian Institute of Technology, Kharagpur, India

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$728,918$0▼ $728,918
Investments in Publicly Traded Securities-$513,177-
Cash and Non-Interest-Bearing Accounts$745,837$503,783▼ $242,054
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,474,755$1,016,960▼ $457,795
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,180,282$671,616▼ $508,666
Unrestricted Net Assets$294,473$345,344▲ $50,871
Total Net Assets Fund Balance$1,474,755$1,016,960▼ $457,795
Total Liabilities and Net Assets / Fund Balance$1,474,755$1,016,960▼ $457,795
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arjun MalhotraPresident
Ron GuptaVice President
Asoke DeysarkarTrustee
Praful KulkarniTrustee
Roy DaSilvaTrustee
Vinod GuptaTrustee
Rakesh GuptaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$667,040
Program Service Revenue
$0
Investment Income
$-52,832
Other Revenue
$0
All Other Contributions
$667,040
Change in Net Assets
$-457,795
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,017,742
Other Expenses$54,261
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,017,742--$1,017,742
Fees for Services Management-$14,227-$14,227
Fees for Services Accounting-$13,200-$13,200
Information Technology-$11,995-$11,995
Travel-$9,126-$9,126
Fees for Services Other-$3,363-$3,363
Advertising-$2,031-$2,031
Office Expenses-$319-$319
Total Functional Expenses$1,017,742$54,261$0$1,072,003
International Activity

International Summary

Spending
$1,049,199

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaEnhance IIT Kharagpur Campus-00$1,049,199
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Iitkgp Foundation
EIN
47-0747227
Phone
4025600768
Address
11218 John Galt Blvd, Omaha, NE 68137

Signing Officer

Name
Rakesh Gupta
Title
Treasurer
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rakesh Gupta
Formed
1991
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
15

Preparer

Firm
Krieger Financial Services
Address
9212 S 173rd St, Omaha, NE 68136
Preparer
James R Krieger
Phone
4025600768
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Patel Hall launched an initiative to remodel their kitchen and dining areas bringing in $43,445. There will be similar drives set up for halls in the future. OTHER PROGRAM SERVICES 5: There were several different professorship and scholarship chairs set up by multiple donors in a range of academic disciplinestwo of the larger endowments were one for $62,500 and one for $15,000. These amounts are used to help pay for visiting faculty and set up scholarships for students within the specified departments. OTHER PROGRAM SERVICES 6: If monies are not allocated to a specific area, they are placed within our unrestricted funds accountallowing for them to be used when IIT Kharagpur needs them for defined projects.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RevenueAmt075000
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0728918
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0667040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0222767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0455999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0398964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0217099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01961869
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.65300
IRS990ScheduleA/PublicSupportTotal170Amt01961869
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0667040
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0222767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0455999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0398964
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0217099
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01961869
IRS990ScheduleA/TotalSupportAmt01961869
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01049199
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Enhance IIT Kharagpur Campus
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0129690
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Cash
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Alumni
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt01049199
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalSpentAmt01049199
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Patel Hall launched an initiative to remodel their kitchen and dining areas bringing in $43,445. There will be similar drives set up for halls in the future. OTHER PROGRAM SERVICES 5: There were several different professorship and scholarship chairs set up by multiple donors in a range of academic disciplinestwo of the larger endowments were one for $62,500 and one for $15,000. These amounts are used to help pay for visiting faculty and set up scholarships for students within the specified departments. OTHER PROGRAM SERVICES 6: If monies are not allocated to a specific area, they are placed within our unrestricted funds accountallowing for them to be used when IIT Kharagpur needs them for defined projects.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01180282
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0671616
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01474755
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IRS990/TotalAssetsGrp/BOYAmt01474755
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IRS990/TotalContributionsAmt0667040
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt054261
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01017742
IRS990/TotalFunctionalExpensesGrp/TotalAmt01072003
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01474755
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01016960
IRS990/TotalOtherProgSrvcExpenseAmt0120945
IRS990/TotalOtherProgSrvcGrantAmt0120945
IRS990/TotalOtherProgSrvcRevenueAmt0186995
IRS990/TotalProgramServiceExpensesAmt01017742
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-52832
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0614208
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01474755
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01016960
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt09126
IRS990/TravelGrp/TotalAmt09126
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0294473
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0345344
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09507 Oak Circle
IRS990/USAddress/CityNm0Omaha
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068124
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0https://www.iitkgpfoundation.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rakesh Gupta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IITKGP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IITK
ReturnHeader/Filer/EIN0470747227
ReturnHeader/Filer/PhoneNum04025600768
ReturnHeader/Filer/USAddress/AddressLine1Txt011218 John Galt Blvd
ReturnHeader/Filer/USAddress/CityNm0Omaha
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068137
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Krieger Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09212 S 173rd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Omaha
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$0.60$0.82$0.22
2023Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.86$0.88$0.02
2022Detailed filing. Detailed filing data is available for this year.$2.98$0.00$2.98$2.65$1.54$1.11
2021Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.51$1.43$0.88$0.55
2020Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$0.95$1.10$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$1.16$0.78$0.38
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.81$0.69$0.13
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.63$0.63$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.61$1.07$0.46
2015Summary only. Only limited summary data is available for this year.$1.47$0.00$1.47$0.72$0.51$0.22
2014Summary only. Only limited summary data is available for this year.$1.28$0.00$1.28$0.76$0.28$0.48
2013Summary only. Only limited summary data is available for this year.$0.80$0.00$0.80$0.40$0.20$0.20
2012Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.22$0.24$0.02
2011Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$1.45$1.58$0.13