Civic Intelligence

Iitk Fund Inc.

990 • Fiscal year 2019 • EIN 81-2209935

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileNot Applicable
62 William Street 2nd FloorNew York, NY 10005

(646) 418-5852

Siviq Scores

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

Liabilities / Assets

45th percentile

0.01x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • NTEE Q • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.00x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • NTEE Q • $500k-$1M nonprofits • Source year 2019

Net Margin

62nd percentile

7.1%

Higher net margin than 62% of similar nonprofits.

2019 filings • NTEE Q • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2019 filings • NTEE Q • $500k-$1M nonprofits • Source year 2019

Asset Growth

64th percentile

17%

Faster asset growth than 64% of similar nonprofits.

2019 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

39%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$322,121

Up $47,688 (+17%) from 2018

Net Assets

Up

$319,887

Up $47,688 (+18%) from 2018

Liabilities

Flat

$2,234

Flat from 2018

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin62nd percentile

Revenue

Up

$714,295

Up $201,291 (+39%) from 2018

Expenses

Up

$663,607

Up $355,373 (+115%) from 2018

Net Income

Down

$50,688

Down $154,082 (-75%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth64th percentile

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

$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

2019

Assets$322,121
Liabilities$2,234
Net Assets$319,887
Open 2019 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$714,295
Expenses$663,607
Net Income$50,688
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$714,295
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$264,283$322,121▲ $57,838
Loans From Officers Directors$2,234--
Total Assets$274,433$322,121▲ $47,688
Other Assets Total$10,150--
Liabilities
Accounts Payable and Accrued Expenses-$2,234-
Total Liabilities$2,234$2,234→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$272,199$319,887▲ $47,688
Total Net Assets Fund Balance$272,199$319,887▲ $47,688
Total Liabilities and Net Assets / Fund Balance$274,433$322,121▲ $47,688
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Sanjiv KhoslaPresident/Treasurer
BV PhaniDirector
Taranbir SinghDirector
Sripat PandeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$714,293
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$714,293
Change in Net Assets
$50,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$714,295
Total Revenue per Audited Statements
$714,295
Total Revenue per Form 990
$714,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$650,000
Other Expenses$13,607
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$650,000--$650,000
Information Technology-$7,500-$7,500
Fees for Services Accounting-$3,100-$3,100
Other Expenses-$1,466-$1,466
Office Expenses-$30-$30
Total Functional Expenses$650,000$13,607$0$663,607

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$663,607
Total Expenses per Audited Statements$663,607
Total Expenses per Form 990$663,607
International Activity

International Summary

Spending
$650,000

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 ServicesGrants to recipients located in India--$650,000
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
Loans from Officers, Directors, Trustees, and Key Employees$2,234--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

“The organization reviews the 990 form at a board meeting prior to submitting to the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financials statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
IITK Fund Inc
EIN
81-2209935
Phone
6464185852
Address
62 William Street 2nd Floor, New York, NY 10005

Signing Officer

Name
Sanjiv Khosla
Title
PresidentTreasurer
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sanjiv Khosla
Formed
2016
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Foundation Group Inc
Address
1321 Murfreesboro Pike Ste 610, Nashville, TN 37217
Preparer
William G McRay
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“The previously reported loan balances 2018 990 Part X, Line 22, B was overstated by 2,234. The previously reported Accounts Payable and Accrued Expenses 2018 990 Part X, Line 17,B was understated by 5,234.”

Raw XML Appendix371 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02234
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0714293
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Sanjiv Khosla
IRS990/BooksInCareOfDetail/PhoneNum06464157764
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt062 William Street 2nd Floor
IRS990/BooksInCareOfDetail/USAddress/CityNm0New York
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd010005
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0264283
IRS990/CashNonInterestBearingGrp/EOYAmt0322121
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0714293
IRS990/CYGrantsAndSimilarPaidAmt0650000
IRS990/CYInvestmentIncomeAmt02
IRS990/CYOtherExpensesAmt013607
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt050688
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0663607
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0714295
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0IITK Fund granted funds to IITK 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 govenment funding. These funds enabled IITK Kanpur to assist a multitude of students.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt0650000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03100
IRS990/FeesForServicesAccountingGrp/TotalAmt03100
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0650000
IRS990/ForeignGrantsGrp/TotalAmt0650000
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3004.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Sanjiv Khosla
IRS990/Form990PartVIISectionAGrp/PersonNm1Sripat Pandey
IRS990/Form990PartVIISectionAGrp/PersonNm2Taranbir Singh
IRS990/Form990PartVIISectionAGrp/PersonNm3BV Phani
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0650000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0714295
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt07500
IRS990/InformationTechnologyGrp/TotalAmt07500
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt02234
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IITK Fund has been organized to provide charitable distributions to qualifying non-profit organizations.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0272199
IRS990/NetAssetsOrFundBalancesEOYAmt0319887
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0272199
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0319887
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030
IRS990/OfficeExpensesGrp/TotalAmt030
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010150
IRS990/OtherChangesInNetAssetsAmt0-3000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bank Charges
IRS990/OtherExpensesGrp/Desc1Miscellaneous Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01511
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11466
IRS990/OtherExpensesGrp/TotalAmt01511
IRS990/OtherExpensesGrp/TotalAmt11466
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Sanjiv Khosla
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0513002
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0300000
IRS990/PYInvestmentIncomeAmt02
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08234
IRS990/PYRevenuesLessExpensesAmt0204770
IRS990/PYTotalExpensesAmt0308234
IRS990/PYTotalRevenueAmt0513004
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt050688
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0714293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0513002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01101947
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt074533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02403775
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt019
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt02403775
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0714293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0513002
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01101947
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt074533
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02403775
IRS990ScheduleA/TotalSupportAmt02403794
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0663607
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0714295
IRS990ScheduleD/TotalExpensesPerForm990Amt0663607
IRS990ScheduleD/TotalRevenuePerForm990Amt0714295
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0714295
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0663607
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0650000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Grants to recipients located in India
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Services
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0175000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1175000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1WIRE
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Scholarships, Infrastructure, Research and community service funds.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Educational programs for grades 1 - 8
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1South Asia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0650000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0The board of directors reviews organziations to determine needs and proposed uses of grant funds. The organizations are then routinely monitored via financial/progress reports, to ensure the funds are being used accordingly to accomplish proposed objectives.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleF/Total501c3OrgCnt02
IRS990ScheduleF/TotalSpentAmt0650000
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start Up Expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt03459
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Sanjiv Khosla
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President / Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization reviews the 990 form at a board meeting prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization enforced compliance with its conflict of interest policy by reviewing it at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financials statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The previously reported loan balances 2018 990 Part X, Line 22, B was overstated by 2,234. The previously reported Accounts Payable and Accrued Expenses 2018 990 Part X, Line 17,B was understated by 5,234.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0274433
IRS990/TotalAssetsEOYAmt0322121
IRS990/TotalAssetsGrp/BOYAmt0274433
IRS990/TotalAssetsGrp/EOYAmt0322121
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0714293
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013607
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0650000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0663607
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02234
IRS990/TotalLiabilitiesEOYAmt02234
IRS990/TotalLiabilitiesGrp/BOYAmt02234
IRS990/TotalLiabilitiesGrp/EOYAmt02234
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0272199
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0319887
IRS990/TotalProgramServiceExpensesAmt0650000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0714295
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0274433
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0322121
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt062 William Street 2nd Floor
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010005
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0Not Applicable
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sanjiv Khosla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PresidentTreasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IITK Fund Inc
ReturnHeader/Filer/BusinessNameControlTxt0IITK
ReturnHeader/Filer/EIN0812209935
ReturnHeader/Filer/PhoneNum06464185852
ReturnHeader/Filer/USAddress/AddressLine1Txt062 William Street 2nd Floor
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010005
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0CC6E37EB7412811393735E718D679CE5F9DE6522
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04B9191508D40832D840C050CA3497413E327F4CE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.206.185.4
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:05:39
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foundation Group Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01321 Murfreesboro Pike Ste 610
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Nashville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037217
ReturnHeader/PreparerPersonGrp/PhoneNum06153619445
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William G McRay
ReturnHeader/ReturnTs02020-11-13T05:48:00-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$322,121
Liabilities
$2,234
Net assets
$319,887
Revenue
$714,295
Expenses
$663,607
Net income
$50,688
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