Civic Intelligence

Sitare Foundation

990 • Fiscal year 2021 • EIN 82-5003065

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

PO Box 51958Palo Alto, CA 94303

(650) 305-5721

Siviq Scores

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

Liabilities / Assets

51st percentile

0.22x

Higher debt load relative to assets than 51% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

2.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

86th percentile

48%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

95th percentile

72%

Faster asset growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-83%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$29,674,432

Up $12,411,976 (+72%) from 2020

Net Assets

Up

$23,184,158

Up $6,251,746 (+37%) from 2020

Liabilities

Up

$6,490,274

Up $6,160,230 (+1866%) from 2020

Revenue

Down

$2,923,884

Down $14,180,146 (-83%) from 2020

Expenses

Up

$1,508,605

Up $961,240 (+176%) from 2020

Net Income

Down

$1,415,279

Down $15,141,386 (-91%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2020: $17,262,456Liabilities 2020: $330,044Net Assets 2020: $16,932,4122020Assets 2021: $29,674,432Liabilities 2021: $6,490,274Net Assets 2021: $23,184,1582021Assets 2022: $22,071,641Liabilities 2022: $3,884,000Net Assets 2022: $18,187,6412022Assets 2023: $27,303,457Liabilities 2023: $5,178,581Net Assets 2023: $22,124,8762023Assets 2024: $39,042,033Liabilities 2024: $927,825Net Assets 2024: $38,114,2082024

Highlighted filing

2021

Assets$29,674,432
Liabilities$6,490,274
Net Assets$23,184,158

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2020: $17,104,030Expenses 2020: $547,365Net Income 2020: $16,556,6652020Revenue 2021: $2,923,884Expenses 2021: $1,508,605Net Income 2021: $1,415,2792021Revenue 2022: $3,828,463Expenses 2022: $1,414,108Net Income 2022: $2,414,3552022Revenue 2023: $4,055,470Expenses 2023: $4,076,467Net Income 2023: -$20,9972023Revenue 2024: $5,147,048Expenses 2024: $3,248,721Net Income 2024: $1,898,3272024

Highlighted filing

2021

Revenue$2,923,884
Expenses$1,508,605
Net Income$1,415,279
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$20,349,435
Mission and Program Overview

Mission

Sitare foundation is an organization that will provide education to underprivileged children. A mind is a terrible thing to waste. Sitare foundation believes that by giving the brightest children the best possible education, they will grow up to become some of the best professionals this world has witnessed. Sitare foundation is aimed to cultivate a culture or giving and creating bright minds to be net contributors to the society. If each kid that gets benefit in return provides mentorship and guidance to ten or more underprivileged children, the sitare movement will be huge. Sitare foundation has been formed to raise money throughout california and eventually nationwide.

To provide high-quality education to underprivileged children in india.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,889,487$19,730,565▲ $2,841,078
Investments Other Securities$0$9,866,627▲ $9,866,627
Cash and Non-Interest-Bearing Accounts$339,425$0▼ $339,425
Prepaid Expenses and Deferred Charges-$69,260-
Total Assets$17,262,456$29,674,432▲ $12,411,976
Other Assets Total$33,544$7,980▼ $25,564
Liabilities
Other Liabilities$30,044$6,490,274▲ $6,460,230
Grants Payable$300,000$0▼ $300,000
Total Liabilities$330,044$6,490,274▲ $6,160,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,932,412$23,114,898▲ $6,182,486
Net Assets With Donor Restrictions-$69,260-
Total Net Assets Fund Balance$16,932,412$23,184,158▲ $6,251,746
Total Liabilities and Net Assets / Fund Balance$17,262,456$29,674,432▲ $12,411,976

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$750,001--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,793,165
Program Service Revenue
$0
Investment Income
$130,719
Other Revenue
$0
All Other Contributions
$2,793,165
Change in Net Assets
$1,415,279

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,881,238
Revenue Not Reported on Financial Statements
$42,646
Revenue Not Reported on Form 990
$4,838,531
Other Revenue Adjustments
$-17,275
Total Revenue per Audited Statements
$7,719,769
Total Revenue per Form 990
$2,923,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,430,740
Other Expenses$77,865
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,430,740--$1,430,740
Fees for Service Investment Mgmnt Fees-$40,581-$40,581
Fees for Services Accounting-$27,750-$27,750
Interest-$9,534-$9,534
Total Functional Expenses$1,430,740$77,865$0$1,508,605

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,508,605
Expenses per Audited Statements$1,468,023
Total Expenses per Audited Statements$1,468,023
Expenses Not Reported on Financial Statements$40,582
Other Expense Adjustments$40,582
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,430,740

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 Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Grants to Recipients Located in Region-00$1,430,740
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
Margin Payable$6,462,524
Accrued Expenses$27,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Amitabh k. Singhal and shilpa singhal are legally married.

Form 990, Part VI, Section B, Line 11B

The foundation works with its tax preparers to review the form 990 to ensure an accurate filing of the tax return.

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

A detailed conflict of interest policy has been written. It includes detailed procedures for addressing conflict of interest. If there are violations of the conflict of interest policy, appropriate disciplinary and corrective action will be taken.

Form 990, Part VI, Section C, Line 19

Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, 3. Has agreed to comply with the policy, and 4. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Sitare Foundation
EIN
82-5003065
Phone
6503055721
Address
PO BOX 51958, PALO ALTO, CA 94303

Signing Officer

Name
Shilpa Singhal
Title
President
Phone
6503055721
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shilpa Singhal
Formed
2018
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Frank Rimerman & Co Llp
Address
1 EMBARCADERO CENTER STE 2410, SAN FRANCISCO, CA 94111
Preparer
Jasmine D Berjikly
Phone
4154391144
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

M-1 realized gain 20,720. M-1 dividend income -3,445. M-1 passthrough income/loss 30.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Realized gain on investments -20,720. Dividend income 3,445.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

MANAGEMENT FEES 40,582.

Raw XML Appendix387 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/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA.
IRS990/AddressChangeInd0X
IRS990/AllOtherContributionsAmt02793165
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0FRANK RIMERMAN & CO LLP
IRS990/BooksInCareOfDetail/PhoneNum04154391144
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 EMBARCADERO CENTER SUITE 2410
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAN FRANCISCO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd094111
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0339425
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02793165
IRS990/CYGrantsAndSimilarPaidAmt01430740
IRS990/CYInvestmentIncomeAmt0130719
IRS990/CYOtherExpensesAmt077865
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01415279
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01508605
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02923884
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0IN ONLY ITS FOURTH YEAR SINCE FORMATION, THE SITARE FOUNDATION HAS SECURED $20 MILLION OF CONTRIBUTIONS TO FURTHER ITS CHARITABLE PURPOSE OF PROVIDING EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt069260
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt027750
IRS990/FeesForServicesAccountingGrp/TotalAmt027750
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt040581
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt040581
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt01430740
IRS990/ForeignGrantsGrp/TotalAmt01430740
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0SHILPA SINGHAL
IRS990/Form990PartVIISectionAGrp/PersonNm1PANDURANG NAYAK
IRS990/Form990PartVIISectionAGrp/PersonNm2AMITABH K SINGHAL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-78758
IRS990/GainOrLossGrp/SecuritiesAmt0106474
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsPayableGrp/BOYAmt0300000
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0251174
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt017202093
IRS990/GrossReceiptsAmt020349435
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt09534
IRS990/InterestGrp/TotalAmt09534
IRS990/InvestmentExpenseAmt0-19369
IRS990/InvestmentIncomeGrp/ExclusionAmt0103003
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0103003
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09866627
IRS990/InvestmentsPubTradedSecGrp/BOYAmt016889487
IRS990/InvestmentsPubTradedSecGrp/EOYAmt019730565
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0329932
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017095619
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SITARE FOUNDATION IS AN ORGANIZATION THAT WILL PROVIDE EDUCATION TO UNDERPRIVILEGED CHILDREN. A MIND IS A TERRIBLE THING TO WASTE. SITARE FOUNDATION BELIEVES THAT BY GIVING THE BRIGHTEST CHILDREN THE BEST POSSIBLE EDUCATION, THEY WILL GROW UP TO BECOME SOME OF THE BEST PROFESSIONALS THIS WORLD HAS WITNESSED. SITARE FOUNDATION IS AIMED TO CULTIVATE A CULTURE OR GIVING AND CREATING BRIGHT MINDS TO BE NET CONTRIBUTORS TO THE SOCIETY. IF EACH KID THAT GETS BENEFIT IN RETURN PROVIDES MENTORSHIP AND GUIDANCE TO TEN OR MORE UNDERPRIVILEGED CHILDREN, THE SITARE MOVEMENT WILL BE HUGE. SITARE FOUNDATION HAS BEEN FORMED TO RAISE MONEY THROUGHOUT CALIFORNIA AND EVENTUALLY NATIONWIDE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt016932412
IRS990/NetAssetsOrFundBalancesEOYAmt023184158
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt027716
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt027716
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04838531
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016932412
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt023114898
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt033544
IRS990/OtherAssetsTotalGrp/EOYAmt07980
IRS990/OtherChangesInNetAssetsAmt017305
IRS990/OtherLiabilitiesGrp/BOYAmt030044
IRS990/OtherLiabilitiesGrp/EOYAmt06490274
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069260
IRS990/PrincipalOfficerNm0SHILPA SINGHAL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION SUPPORTS CHARITABLE PROJECTS FOR THE HOPE AND DREAMS TRUST THROUGH A FISCAL SPONSORSHIP AGREEMENT TO PROVIDE HIGH-QUALITY EDUCATION TO UNDERPRIVILEGED CHILDREN IN INDIA WHO SHOW HIGH ACADEMIC POTENTIAL
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01430740
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01430740
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017008627
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0500000
IRS990/PYInvestmentIncomeAmt095403
IRS990/PYOtherExpensesAmt047365
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt016556665
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0547365
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017104030
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01415279
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03002642
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02793165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02793166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0103003
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt095084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0198087
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02793166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02793165
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02793166
IRS990ScheduleA/TotalSupportAmt02991253
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
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt040582
IRS990ScheduleD/ExpensesSubtotalAmt01468023
IRS990ScheduleD/InvestmentExpensesNotIncldAmt059921
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04838531
IRS990ScheduleD/OtherExpensesNotIncludedAmt040582
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16462524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MARGIN PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-17275
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03678138
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13438488
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22000000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3750001
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VENTURE HIGHWAY SERIES 1
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OCTAHEDRON OFFSHORE FUND LTD.
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VH CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc3ARGEAN CAPITAL KX-SERIES B LLC
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/RevenueNotReportedAmt04838531
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt042646
IRS990ScheduleD/RevenueSubtotalAmt02881238
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REALIZED GAIN ON INVESTMENTS -20,720. DIVIDEND INCOME 3,445.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT FEES 40,582.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt09866627
IRS990ScheduleD/TotalExpensesPerForm990Amt01508605
IRS990ScheduleD/TotalLiabilityAmt06490274
IRS990ScheduleD/TotalRevenuePerForm990Amt02923884
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07719769
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01468023
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01430740
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01430740
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0EDUCATION SUPPORT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01430740
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING METHOD: ACCRUAL
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1ACCOUNTING METHOD: ACCRUAL
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III ACCOUNTING METHOD:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE F, PART I, LINE 3, ITEM 1
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE F, PART I, LINE 3, ITEM 1
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01430740
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMITABH K. SINGHAL AND SHILPA SINGHAL ARE LEGALLY MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION WORKS WITH ITS TAX PREPARERS TO REVIEW THE FORM 990 TO ENSURE AN ACCURATE FILING OF THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DETAILED CONFLICT OF INTEREST POLICY HAS BEEN WRITTEN. IT INCLUDES DETAILED PROCEDURES FOR ADDRESSING CONFLICT OF INTEREST. IF THERE ARE VIOLATIONS OF THE CONFLICT OF INTEREST POLICY, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE POLICY, 3. HAS AGREED TO COMPLY WITH THE POLICY, AND 4. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4M-1 REALIZED GAIN 20,720. M-1 DIVIDEND INCOME -3,445. M-1 PASSTHROUGH INCOME/LOSS 30.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017262456
IRS990/TotalAssetsEOYAmt029674432
IRS990/TotalAssetsGrp/BOYAmt017262456
IRS990/TotalAssetsGrp/EOYAmt029674432
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02793165
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077865
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01430740
IRS990/TotalFunctionalExpensesGrp/TotalAmt01508605
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0330044
IRS990/TotalLiabilitiesEOYAmt06490274
IRS990/TotalLiabilitiesGrp/BOYAmt0330044
IRS990/TotalLiabilitiesGrp/EOYAmt06490274
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016932412
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023184158
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01430740
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0130719
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02923884
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017262456
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029674432
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 51958
IRS990/USAddress/CityNm0PALO ALTO
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd094303
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SITARE.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHILPA SINGHAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06503055721
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SITARE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SITA
ReturnHeader/Filer/EIN0825003065
ReturnHeader/Filer/PhoneNum06503055721
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 51958
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094303
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0941341042
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANK RIMERMAN & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 EMBARCADERO CENTER STE 2410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAN FRANCISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094111
ReturnHeader/PreparerPersonGrp/PhoneNum04154391144
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASMINE D BERJIKLY
ReturnHeader/ReturnTs02022-11-14T16:15:13-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHILPA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SINGHAL
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings