Civic Intelligence

Iitkgp Foundation

990 • Fiscal year 2023 • EIN 47-0747227

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileWWW.IITKGPFOUNDATION.ORG
11218 John Galt Blvd 201Omaha, NE 68137

(402) 403-4982

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

34th percentile

-2.6%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

42nd percentile

1.7%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-68%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,025,893

Up $50,222 (+1.7%) from 2022

Net Assets

Up

$3,025,893

Up $50,222 (+1.7%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin34th percentile

Revenue

Down

$861,114

Down $1,788,946 (-68%) from 2022

Expenses

Down

$883,859

Down $654,945 (-43%) from 2022

Net Income

Down

-$22,745

Down $1,134,001 (-102%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2023

Assets$3,025,893
Liabilities$0
Net Assets$3,025,893
Open 2023 Filing

Operations Trend

Revenue Growth3rd 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

2023

Revenue$861,114
Expenses$883,859
Net Income-$22,745
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$861,114
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

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$2,516,152$2,007,198▼ $508,954
Cash and Non-Interest-Bearing Accounts$459,419$1,018,695▲ $559,276
Total Assets$2,975,671$3,025,893▲ $50,222
Other Assets Total$100--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,970,029$1,735,200▼ $234,829
Net Assets Without Donor Restrictions$1,005,642$1,290,693▲ $285,051
Total Net Assets Fund Balance$2,975,671$3,025,893▲ $50,222
Total Liabilities and Net Assets / Fund Balance$2,975,671$3,025,893▲ $50,222
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Asoke DeysarkarPresident
Arjun MalhotraBoard Member
Partha S GhoshBoard Member
Praful KulkarniBoard Member
Ron GuptaBoard Member
Suresh NairBoard Member
Vinod GuptaBoard Member
Rakesh GuptaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$794,941
Program Service Revenue
$0
Investment Income
$65,893
Other Revenue
$280
All Other Contributions
$794,941
Change in Net Assets
$-22,745

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table4$301,788Fair Market Value (FMV)
Total Noncash Contributions4$301,788-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$808,269
Salaries, Compensation, and Employee Benefits$44,013
Other Expenses$31,577
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$808,269--$808,269
Other Salaries and Wages-$44,013-$44,013
Advertising-$15,396-$15,396
Other Expenses$0$6,099$0$6,099
Fees for Services Other-$3,700-$3,700
Insurance-$1,107-$1,107
Total Functional Expenses$808,269$75,590$0$883,859
International Activity

International Summary

Offices
0
Employees
0
Spending
$808,269

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 AsiaProgram ServicesENHANCE THE IIT KHARAGPUR CAMPUS; PROVIDE AWARDS AND INDIA SCHOLARSHIPS--$808,269
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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, Section B, Line 11B

“No separate committees exist apart from the main board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon reasonable request. Form 990s can be accessed via irs.gov and guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Iitkgp Foundation
EIN
47-0747227
Phone
4024034982
Address
11218 JOHN GALT BLVD 201, OMAHA, NE 68137

Signing Officer

Name
Rakesh Gupta
Title
Treasurer
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rakesh Gupta
Formed
1991
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

Firm
Easy Office Dba Jitasa
Address
1120 S RACKHAM WAY SUITE 300, MERIDIAN, ID 83642
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Variance in net assets due to restricted contributions”

Raw XML AppendixShowing 400 of 429 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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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS REVENUE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0794941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02330748
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01339581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0902619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01104366
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06472255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065893
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021195
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt019111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt036809
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0165513
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0280
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt035442
IRS990ScheduleA/OtherIncome170Grp/TotalAmt035722
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66032
IRS990ScheduleA/PublicSupportPY170Pct00.6782
IRS990ScheduleA/PublicSupportTotal170Amt04406613
IRS990ScheduleA/SubstantialContributorsTotAmt02065642
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0794941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02330748
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01339581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0902619
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01104366
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06472255
IRS990ScheduleA/TotalSupportAmt06673490
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0808269
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0ENHANCE THE IIT KHARAGPUR CAMPUS; PROVIDE AWARDS AND INDIA SCHOLARSHIPS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0808269
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0ENHANCE THE IIT KHARAGPUR CAMPUS; PROVIDE AWARDS AND INDIA SCHOLARSHIPS
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION CONDUCTS ONSITE FIELD INVESTIGATIONS BY BOARD MEMBERS AND TRUSTEES, ALONG WITH MONTHLY ACTIVITY REPORTING.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 2
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0808269
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt04
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0STOCKS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0301788
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO SEPARATE COMMITTEES EXIST APART FROM THE MAIN BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST. FORM 990S CAN BE ACCESSED VIA IRS.GOV AND GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VARIANCE IN NET ASSETS DUE TO RESTRICTED CONTRIBUTIONS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02975671
IRS990/TotalAssetsEOYAmt03025893
IRS990/TotalAssetsGrp/BOYAmt02975671
IRS990/TotalAssetsGrp/EOYAmt03025893
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0794941
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt075590
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0808269
IRS990/TotalFunctionalExpensesGrp/TotalAmt0883859
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02975671
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03025893
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0296655
IRS990/TotalOtherProgSrvcGrantAmt0296655
IRS990/TotalOtherProgSrvcRevenueAmt0280
IRS990/TotalProgramServiceExpensesAmt0808269
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt065893
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0861114
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02975671
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03025893
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011218 JOHN GALT BLVD 201
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068137
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.IITKGPFOUNDATION.ORG

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,025,893
Liabilities
$0
Net assets
$3,025,893
Revenue
$861,114
Expenses
$883,859
Net income
-$22,745
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