Civic Intelligence

Iitk Fund Inc

EIN 81-2209935 • 501(c)3 • New York, NY

Profile

IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations

62 William Street 2nd FloorNew York, NY 10005

not applicable

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.01x

Higher debt load relative to assets than 78% of similar nonprofits.

NTEE Q33 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

0.47x

Higher debt load relative to revenue than 95% of similar nonprofits.

NTEE Q33 • <$500k nonprofits • Source year 2022

Net Margin

3rd percentile

-974%

Higher net margin than 3% of similar nonprofits.

NTEE Q33 • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

NTEE Q33 • <$500k nonprofits • Source year 2022

Asset Growth

29th percentile

-22%

Faster asset growth than 29% of similar nonprofits.

NTEE Q33 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-89%

Faster revenue growth than 7% of similar nonprofits.

NTEE Q33 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$166,019

Down $46,013 (-22%) from 2021

Liabilities

Flat

$2,234

Flat from 2021

Net Assets

Down

$163,785

Down $46,013 (-22%) from 2021

Operations
Liabilities / Revenue95th percentileNet Margin3rd percentile

Revenue

Down

$4,722

Down $37,618 (-89%) from 2021

Expenses

Down

$50,735

Down $31,253 (-38%) from 2021

Net Income

Down

-$46,013

Down $6,365 (-16%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $23,471Liabilities 2016: $3,4592016Assets 2017: $70,888Liabilities 2017: $3,459Net Assets 2017: $67,4292017Assets 2018: $274,433Liabilities 2018: $2,234Net Assets 2018: $272,1992018Assets 2019: $322,121Liabilities 2019: $2,234Net Assets 2019: $319,8872019Assets 2020: $251,680Liabilities 2020: $2,234Net Assets 2020: $249,4462020Assets 2021: $212,032Liabilities 2021: $2,234Net Assets 2021: $209,7982021Assets 2022: $166,019Liabilities 2022: $2,234Net Assets 2022: $163,7852022

Highlighted filing

2022

Assets$166,019
Liabilities$2,234
Net Assets$163,785
Open 2022 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2016: $74,533Expenses 2016: $54,521Net Income 2016: $20,0122016Revenue 2017: $1,101,962Expenses 2017: $1,054,545Net Income 2017: $47,4172017Revenue 2018: $513,004Expenses 2018: $308,234Net Income 2018: $204,7702018Revenue 2019: $714,295Expenses 2019: $663,607Net Income 2019: $50,6882019Revenue 2020: $506,984Expenses 2020: $577,425Net Income 2020: -$70,4412020Revenue 2021: $42,340Expenses 2021: $81,988Net Income 2021: -$39,6482021Revenue 2022: $4,722Expenses 2022: $50,735Net Income 2022: -$46,0132022

Highlighted filing

2022

Revenue$4,722
Expenses$50,735
Net Income-$46,013
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,019
Liabilities
$2,234
Net assets
$163,785
Revenue
$4,722
Expenses
$50,735
Net income
-$46,013
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.16$0.00$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.04$0.08$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.51$0.58$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$0.71$0.66$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.51$0.31$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$1.10$1.05$0.05
2016Summary only. Only limited summary data is available for this year.$0.02$0.00$0.07$0.05$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$4,722
Mission and Program Overview

Mission

IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations

Program Services

DescriptionGrantsExpenses
IITK Fund granted funds to IIT Kanpur to assist the school with needs such as scholarships, infrastructure, research, student initiatives, community service for people in need, as well as activities that are not covered by government funding. These funds enabled IIT Kanpur to assist a multitude of students$50,000$0
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sanjiv KhoslaPresident/Treasurer/SecretaryPT$0--
Sripat PandeySecretary-$0--
Taranbir SinghDirector-$0--
B V PhaniDirector-$0--
Filing and Contact Details

Filer

Filer Name
Iitk Fund Inc
EIN
81-2209935
Phone
6464157764
Address
62 William Street 2nd Floor, New York, NY 10005

Signing Officer

Name
Sanjiv Khosla
Title
President
Phone
6464157764
Signed
2023-11-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part II, Line 26

“sk provided funds at set up time”

Raw XML Appendix187 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Sanjiv Khosla
IRS990EZ/BooksInCareOfDetail/PhoneNum06464157764
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt062 William Street 2nd Floor
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010005
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0212032
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0166019
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt04722
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-46013
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt00
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0212032
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0166019
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt050000
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt04722
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LoansToFromOfficersAmt02234
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd01
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0209798
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0163785
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0209798
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0163785
IRS990EZ/OccupancyRentUtltsAndMaintAmt0735
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.5
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Sanjiv Khosla
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Sripat Pandey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Taranbir Singh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3B V Phani
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President/Treasurer/Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt00
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0IITK Fund granted funds to IIT Kanpur to assist the school with needs such as scholarships, infrastructure, research, student initiatives, community service for people in need, as well as activities that are not covered by government funding. These funds enabled IIT Kanpur to assist a multitude of students
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt050000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02234
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02234
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt050735
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt04722
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt042340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0506982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0714293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0513002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01781339
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99999
IRS990ScheduleA/PublicSupportTotal170Amt01781339
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04722
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt042340
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0506982
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0714293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0513002
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01781339
IRS990ScheduleA/TotalSupportAmt01781345
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt02
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt02
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt06
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02234
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Loan was given by sk to help setup the 501c at start
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02234
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Sanjiv Khosla
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt02234
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0sk provided funds at set up time
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0our filing extension was approved. form 8868 was approved and so our deadline is tomorrow Nov 15th 2023 for 2022 filing. we are filing within the approved deadline
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Sanjiv Khosla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06464157764
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IITK FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0IITK
ReturnHeader/Filer/EIN0812209935
ReturnHeader/Filer/PhoneNum06464157764
ReturnHeader/Filer/USAddress/AddressLine1Txt062 William Street 2nd Floor
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010005
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-11-14T14:43:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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