Civic Intelligence

Iitkgp Foundation

990 • Fiscal year 2018 • EIN 47-0747227

Jan 01, 2018 to Dec 31, 2018 • Filed on May 14, 2019

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

60th percentile

4.1%

Faster asset growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

29%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,229,163

Up $48,359 (+4.1%) from 2017

Net Assets

Up

$1,229,163

Up $48,359 (+4.1%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$812,661

Up $182,862 (+29%) from 2017

Expenses

Up

$687,216

Up $61,598 (+9.8%) from 2017

Net Income

Up

$125,445

Up $121,264 (+2900%) from 2017

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

2018

Assets$1,229,163
Liabilities$0
Net Assets$1,229,163

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

2018

Revenue$812,661
Expenses$687,216
Net Income$125,445
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 14, 2019
Return Version
2018v3.1
Gross Receipts
$812,661
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$1,027,404$1,064,986▲ $37,582
Cash and Non-Interest-Bearing Accounts$153,400$164,177▲ $10,777
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$1,180,804$1,229,163▲ $48,359
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$950,120$691,301▼ $258,819
Temporarily Rstr Net Assets$230,684$537,862▲ $307,178
Total Net Assets Fund Balance$1,180,804$1,229,163▲ $48,359
Total Liabilities and Net Assets / Fund Balance$1,180,804$1,229,163▲ $48,359
Compensation and Service Providers

Board Members and Trustees

NameTitle
Ron GuptaPresident
Asoke DeysarkarVice President
Arjun MalhotraTrustee
Praful KulkarniTrustee
Roy DaSilvaTrustee
Vinod GuptaTrustee
Rakesh GuptaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$791,581
Program Service Revenue
$0
Investment Income
$21,080
Other Revenue
$0
All Other Contributions
$791,581
Change in Net Assets
$125,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$602,767
Other Expenses$84,449
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$602,767--$602,767
Fees for Services Management-$55,559-$55,559
Information Technology-$14,987-$14,987
Fees for Services Other-$6,917-$6,917
Advertising-$2,297-$2,297
Fees for Services Accounting-$2,200-$2,200
Office Expenses-$1,393-$1,393
Travel-$1,096-$1,096
Total Functional Expenses$602,767$84,449$0$687,216
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
2019-05-14
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 SandHI Center for the Ancient, New and Developing Arts is an initiative that aims to rediscover the classical arts of India. Through time it is believed that the traditional art forms of India are unlikely to survive. The SandHI Center strives to introduce a modern pedagogy of teaching and learning of traditional art forms, so that they can continue to be appreciated, practiced, researched, and improvised upon by future generations. In 2018, the campaign raised $21,906 between 101 donors with an average donation of $216.89. OTHER PROGRAM SERVICES 5: Patel Hall (residence hall) had the second phase of their fundraising efforts take place in 2018. The first project they had undertaken was the remodel of the kitchen and mess areas. The funds raised this year will be used to support continued improvements of the Hall. OTHER PROGRAM SERVICES 6: An active campaign at IIT-KGP that takes place nearly every year is the Founding Endowment Batch Campaign. This campaign allows each graduation year (batch) to donate towards a classroom dedicated to their batch. There were several batchs that were represented this year. OTHER PROGRAM SERVICES 7: Asoke Deysarkar and Ruma Acharya Deysarkar donated lab equipment valued at $22,000 to the Petroleum Engineering Department at IIT-KGP. They also provided $6,000 to support internships with Texas A&M University. OTHER PROGRAM SERVICES 8: Chakravarthi Karuturi has pledged $15,000 to establish the Shri Karuturi Ramamurty Endowment Award that will be awarded to a 3rd year KGP student within the fields of applied mechanics and engineering design, thermal sciences and energy systems, and manufacturing processes and systems whose family is below a specified income level. Mr. Karuturi donated $8,500 in 2018 and will fulfill his pledge in 2019. OTHER PROGRAM SERVICES 9: 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.

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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/ProgSrvcAccomActy3Grp/Desc0Mr. Shion Deysarkar (son of Asoke Deysarkar and Ruma Acharya Deysarkarboth alumni of IIT-Kharagpur) donated $95,000 that will be used to launch multiple chair professorships in the coming year. These chair professorships will be within the following departments: Chemical Engineering, Geophysics, Chemistry, and Mining Engineering.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: The SandHI Center for the Ancient, New and Developing Arts is an initiative that aims to rediscover the classical arts of India. Through time it is believed that the traditional art forms of India are unlikely to survive. The SandHI Center strives to introduce a modern pedagogy of teaching and learning of traditional art forms, so that they can continue to be appreciated, practiced, researched, and improvised upon by future generations. In 2018, the campaign raised $21,906 between 101 donors with an average donation of $216.89. OTHER PROGRAM SERVICES 5: Patel Hall (residence hall) had the second phase of their fundraising efforts take place in 2018. The first project they had undertaken was the remodel of the kitchen and mess areas. The funds raised this year will be used to support continued improvements of the Hall. OTHER PROGRAM SERVICES 6: An active campaign at IIT-KGP that takes place nearly every year is the Founding Endowment Batch Campaign. This campaign allows each graduation year (batch) to donate towards a classroom dedicated to their batch. There were several batchs that were represented this year. OTHER PROGRAM SERVICES 7: Asoke Deysarkar and Ruma Acharya Deysarkar donated lab equipment valued at $22,000 to the Petroleum Engineering Department at IIT-KGP. They also provided $6,000 to support internships with Texas A&M University. OTHER PROGRAM SERVICES 8: Chakravarthi Karuturi has pledged $15,000 to establish the Shri Karuturi Ramamurty Endowment Award that will be awarded to a 3rd year KGP student within the fields of applied mechanics and engineering design, thermal sciences and energy systems, and manufacturing processes and systems whose family is below a specified income level. Mr. Karuturi donated $8,500 in 2018 and will fulfill his pledge in 2019. OTHER PROGRAM SERVICES 9: 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.
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/CityNm0Omaha
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IRS990/WebsiteAddressTxt0https://www.iitkgpfoundation.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rakesh Gupta
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IITKGP FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0IITK
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Krieger Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09212 S 173rd St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Omaha
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
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ReturnHeader/PreparerPersonGrp/PhoneNum04025600768
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James R Krieger
ReturnHeader/ReturnTs02019-05-14T08:36:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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