Civic Intelligence

Iit Bhu Foundation Inc.

990EZ • Fiscal year 2020 • EIN 85-3447003

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

Organization ProfileWWW.IITBHUFOUNDATION.ORG
37 E Cobblehill RoadLoudonville, NY 12211

(704) 340-2344

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Net Margin

90th percentile

78%

Higher net margin than 90% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets70th percentile

Assets

$50,605

No earlier filing loaded for comparison.

Net Assets

$50,605

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin90th percentile

Revenue

$65,000

No earlier filing loaded for comparison.

Expenses

$14,395

No earlier filing loaded for comparison.

Net Income

$50,605

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0Assets 2020: $50,605Liabilities 2020: $0Net Assets 2020: $50,6052020Assets 2021: $4,099,614Liabilities 2021: $0Net Assets 2021: $4,099,6142021Assets 2022: $2,962,424Liabilities 2022: $0Net Assets 2022: $2,962,4242022Assets 2023: $3,826,694Liabilities 2023: $0Net Assets 2023: $3,826,6942023Assets 2024: $5,180,493Liabilities 2024: $0Net Assets 2024: $5,180,4932024

Highlighted filing

2020

Assets$50,605
Liabilities$0
Net Assets$50,605
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $65,000Expenses 2020: $14,395Net Income 2020: $50,6052020Revenue 2021: $4,142,119Expenses 2021: $70,808Net Income 2021: $4,071,3112021Revenue 2022: $1,918,267Expenses 2022: $2,729,585Net Income 2022: -$811,3182022Revenue 2023: $1,159,700Expenses 2023: $593,299Net Income 2023: $566,4012023Revenue 2024: $1,262,604Expenses 2024: $307,297Net Income 2024: $955,3072024

Highlighted filing

2020

Revenue$65,000
Expenses$14,395
Net Income$50,605
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.1
Gross Receipts
$65,000
Mission and Program Overview

Mission

The foundation is a u.s. "friends of" entity formed by individuals who wish to advance and support the work of the indian institute of technology (banaras hindu university, "iit (bhu)"), a public technical and research university located in varanasi, uttar pradesh, india, which is expected to be the principal (although not necessarily exclusive) grantee of funds distributed by the organization.

Program Services

DescriptionGrantsExpenses
THIS IS THE FOUNDATION'S FIRST YEAR OF EXISTENCE AND AS SUCH, NO PROGRAM ACTIVITIES WERE ENGAGED IN. ACTIVITIES ARE ANTICIPATED TO BEGIN IN CALENDAR YEAR 2021.$0$0
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ARUN TRIPATHIDirector - President-$0--
VIKASH AGRAWALDirector - Secretary-$0--
NARESH JAINDirector - Treasurer-$0--
SOUMYO SARKARDirector-$0--
RAMESH SRINIVASANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Iit (bhu) Foundation Inc
EIN
85-3447003
Phone
7043402344
Address
37 E COBBLEHILL ROAD, LOUDONVILLE, NY 12211

Signing Officer

Name
Arun Tripathi
Title
Arun Tripathi
Phone
7043402344
Signed
2021-07-22
Discuss with paid preparer
Yes

Preparer

Firm
Teal Becker & Chiaramonte Cpas Pc
Address
7 WASHINGTON SQUARE, ALBANY, NY 12205
Preparer
Geoffrey Mullen CPA
Phone
5184566663
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: professional fees. Amount: 13,780. Description: bank charges. Amount: 15. Description: filing fees. Amount: 600. Total to form 990-ez, line 16: 14,395.”

Raw XML Appendix147 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/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ARUN TRIPATHI
IRS990EZ/BooksInCareOfDetail/PhoneNum07043402344
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01 COUNTRY BROOK LANE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONROE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd008831
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/DirectIndirectPltclExpendAmt00
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IRS990EZ/GrossReceiptsAmt065000
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/InitialReturnInd0X
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IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt00
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt050605
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ARUN TRIPATHI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VIKASH AGRAWAL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2NARESH JAIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3SOUMYO SARKAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4RAMESH SRINIVASAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR - PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR - SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR - TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014395
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THIS IS THE FOUNDATION'S FIRST YEAR OF EXISTENCE AND AS SUCH, NO PROGRAM ACTIVITIES WERE ENGAGED IN. ACTIVITIES ARE ANTICIPATED TO BEGIN IN CALENDAR YEAR 2021.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt014395
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt065000
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt065000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt065000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02600
IRS990ScheduleA/SubstantialContributorsTotAmt062400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt065000
IRS990ScheduleA/TotalSupportAmt065000
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: PROFESSIONAL FEES. AMOUNT: 13,780. DESCRIPTION: BANK CHARGES. AMOUNT: 15. DESCRIPTION: FILING FEES. AMOUNT: 600. TOTAL TO FORM 990-EZ, LINE 16: 14,395.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARUN TRIPATHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ARUN TRIPATHI
ReturnHeader/BusinessOfficerGrp/PhoneNum07043402344
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IIT (BHU) FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0IITB
ReturnHeader/Filer/EIN0853447003
ReturnHeader/Filer/PhoneNum07043402344
ReturnHeader/Filer/USAddress/AddressLine1Txt037 E COBBLEHILL ROAD
ReturnHeader/Filer/USAddress/CityNm0LOUDONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012211
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141624930
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TEAL BECKER & CHIARAMONTE CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 WASHINGTON SQUARE
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184566663
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEOFFREY MULLEN CPA
ReturnHeader/ReturnTs02021-07-22T10:05:48-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARUN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TRIPATHI
ReturnHeader/TaxPeriodBeginDt02020-10-08
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$50,605
Liabilities
$0
Net assets
$50,605
Revenue
$65,000
Expenses
$14,395
Net income
$50,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$1.26$0.31$0.96
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.00$3.83$1.16$0.59$0.57
2022Detailed filing. Detailed filing data is available for this year.$2.96$0.00$2.96$1.92$2.73$0.81
2021Detailed filing. Detailed filing data is available for this year.$4.10$0.00$4.10$4.14$0.07$4.07
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.07$0.01$0.05