Civic Intelligence

Iitk Fund Inc.

990 • Fiscal year 2020 • EIN 81-2209935

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

49th percentile

0.01x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • NTEE Q • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.00x

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

2020 filings • NTEE Q • $500k-$1M nonprofits • Source year 2020

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2020 filings • NTEE Q • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2020 filings • NTEE Q • $500k-$1M nonprofits • Source year 2020

Asset Growth

17th percentile

-22%

Faster asset growth than 17% of similar nonprofits.

2020 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-29%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • NTEE Q • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$251,680

Down $70,441 (-22%) from 2019

Net Assets

Down

$249,446

Down $70,441 (-22%) from 2019

Liabilities

Flat

$2,234

Flat from 2019

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin20th percentile

Revenue

Down

$506,984

Down $207,311 (-29%) from 2019

Expenses

Down

$577,425

Down $86,182 (-13%) from 2019

Net Income

Down

-$70,441

Down $121,129 (-239%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2020

Assets$251,680
Liabilities$2,234
Net Assets$249,446
Open 2020 Filing

Operations Trend

Revenue Growth21st 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

2020

Revenue$506,984
Expenses$577,425
Net Income-$70,441
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$506,984
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$322,121$251,680▼ $70,441
Total Assets$322,121$251,680▼ $70,441
Liabilities
Accounts Payable and Accrued Expenses$2,234$2,234→ $0
Total Liabilities$2,234$2,234→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$319,887$249,446▼ $70,441
Total Net Assets Fund Balance$319,887$249,446▼ $70,441
Total Liabilities and Net Assets / Fund Balance$322,121$251,680▼ $70,441
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$506,982
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$506,982
Change in Net Assets
$-70,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$506,984
Total Revenue per Audited Statements
$506,984
Total Revenue per Form 990
$506,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$565,000
Other Expenses$12,425
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$565,000--$565,000
Fees for Services Legal-$3,800-$3,800
Fees for Services Other-$3,500-$3,500
Office Expenses-$315-$315
Other Expenses-$155-$155
Occupancy-$99-$99
Total Functional Expenses$565,000$12,425$0$577,425

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$577,426
Expenses per Audited Statements$577,425
Total Expenses per Form 990$577,425
Expenses Not Reported on Form 990$1
International Activity

International Summary

Spending
$565,000

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--$565,000
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
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
2021-11-15
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
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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/TotLiabNetAssetsFundBalanceGrp/BOYAmt0322121
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0251680
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sanjiv Khosla
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PresidentTreasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
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/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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William G McRay
ReturnHeader/ReturnTs02021-11-15T09:18:12-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sanjiv
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Khosla
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$251,680
Liabilities
$2,234
Net assets
$249,446
Revenue
$506,984
Expenses
$577,425
Net income
-$70,441
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