Civic Intelligence

Iitkgp Foundation

990 • Fiscal year 2017 • EIN 47-0747227

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 30, 2018

Organization Profilewww.iitkgpfoundation.org
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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

42nd percentile

0.7%

Higher net margin than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.5%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,180,804

Up $163,844 (+16%) from 2016

Net Assets

Up

$1,180,804

Up $163,844 (+16%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin42nd percentile

Revenue

Up

$629,799

Up $15,591 (+2.5%) from 2016

Expenses

Down

$625,618

Down $446,385 (-42%) from 2016

Net Income

Up

$4,181

Up $461,976 (+101%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th percentile

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

2017

Assets$1,180,804
Liabilities$0
Net Assets$1,180,804
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

2017

Revenue$629,799
Expenses$625,618
Net Income$4,181
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 30, 2018
Return Version
2017v2.2
Gross Receipts
$629,799
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
Investments in Publicly Traded Securities$513,177$1,027,404▲ $514,227
Cash and Non-Interest-Bearing Accounts$503,783$153,400▼ $350,383
Savings and Temporary Cash Investments-$0-
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$1,016,960$1,180,804▲ $163,844
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$345,344$950,120▲ $604,776
Temporarily Rstr Net Assets$671,616$230,684▼ $440,932
Total Net Assets Fund Balance$1,016,960$1,180,804▲ $163,844
Total Liabilities and Net Assets / Fund Balance$1,016,960$1,180,804▲ $163,844
Compensation and Service Providers
Top Officer Pay35th percentile

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
$615,051
Program Service Revenue
$0
Investment Income
$14,748
Other Revenue
$0
All Other Contributions
$615,051
Change in Net Assets
$4,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$536,988
Other Expenses$88,630
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$536,988--$536,988
Fees for Services Management-$54,638-$54,638
Information Technology-$13,135-$13,135
Other Expenses-$10,620-$10,620
Travel-$4,484-$4,484
Fees for Services Other-$3,112-$3,112
Fees for Services Accounting-$1,200-$1,200
Office Expenses-$1,174-$1,174
Advertising-$267-$267
Total Functional Expenses$536,988$88,630$0$625,618
International Activity

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$0
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
2018-03-30
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: The AKS (Ajay Kumar Singh) Endowment Fund is a campaign that will fund two professorships that will bring AI and Machine Learning coursework to campus. The initiative was started by the KGP Graduating Batch of 1993 and has brought in $85,517 between 59 donations with an average donation amount of $1,449.44. OTHER PROGRAM SERVICES 5: OTHER PROGRAM SERVICES 6: If monies are not allocated to a very specified area, they are placed within our unrestricted funds accountallowing us the flexibility to use them when IIT Kharagpur needs them for defined and worthwhile projects. OTHER PROGRAM SERVICES 7: The batch endowment fund allows conferred graduating classes of KGP to donate towards a project that is decided upon by the class brought in a total of $131,428, with 91 donors, and an average donated amount of $1,444.26 across multiple different batches. OTHER PROGRAM SERVICES 8: A chair professorship award (MA Ramlu and Mrs. Saroja Ramlu Institute Chair Professorship Award) was set up with a donation by Mr. Vijay Madisetti. Mr. Madisetti started this scholarship in honor of his parents. The purpose of the professorship is to support faculty within the Department of Mining Engineering. OTHER PROGRAM SERVICES 9: Alumni from Rajendra Prasad Hall started a fundraising campaign that will help fund improvements to their residence hall. They raised a total of $16,935 by 20 donors with an average donation of $846.75.”

Raw XML Appendix390 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The AKS (Ajay Kumar Singh) Endowment Fund is a campaign that will fund two professorships that will bring AI and Machine Learning coursework to campus. The initiative was started by the KGP Graduating Batch of 1993 and has brought in $85,517 between 59 donations with an average donation amount of $1,449.44. OTHER PROGRAM SERVICES 5: OTHER PROGRAM SERVICES 6: If monies are not allocated to a very specified area, they are placed within our unrestricted funds accountallowing us the flexibility to use them when IIT Kharagpur needs them for defined and worthwhile projects. OTHER PROGRAM SERVICES 7: The batch endowment fund allows conferred graduating classes of KGP to donate towards a project that is decided upon by the class brought in a total of $131,428, with 91 donors, and an average donated amount of $1,444.26 across multiple different batches. OTHER PROGRAM SERVICES 8: A chair professorship award (MA Ramlu and Mrs. Saroja Ramlu Institute Chair Professorship Award) was set up with a donation by Mr. Vijay Madisetti. Mr. Madisetti started this scholarship in honor of his parents. The purpose of the professorship is to support faculty within the Department of Mining Engineering. OTHER PROGRAM SERVICES 9: Alumni from Rajendra Prasad Hall started a fundraising campaign that will help fund improvements to their residence hall. They raised a total of $16,935 by 20 donors with an average donation of $846.75.
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
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IRS990/USAddress/AddressLine1Txt09507 Oak Circle
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rakesh Gupta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-30
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Krieger Financial Services
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ReturnHeader/PreparerPersonGrp/PhoneNum04025600768
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James R Krieger
ReturnHeader/ReturnTs02018-03-30T08:45:07-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,180,804
Liabilities
$0
Net assets
$1,180,804
Revenue
$629,799
Expenses
$625,618
Net income
$4,181
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