Civic Intelligence

Iit Bhu Foundation Inc.

990 • Fiscal year 2022 • EIN 85-3447003

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 08, 2023

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

19th percentile

0.00x

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

18th percentile

0.00x

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Net Margin

8th percentile

-42%

Higher net margin than 8% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2022 filings • NTEE B • $1M-$5M nonprofits • Source year 2022

Asset Growth

5th percentile

-28%

Faster asset growth than 5% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

8th percentile

-54%

Faster revenue growth than 8% of similar nonprofits.

2022 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$2,962,424

Down $1,137,190 (-28%) from 2021

Net Assets

Down

$2,962,424

Down $1,137,190 (-28%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin8th percentile

Revenue

Down

$1,918,267

Down $2,223,852 (-54%) from 2021

Expenses

Up

$2,729,585

Up $2,658,777 (+3755%) from 2021

Net Income

Down

-$811,318

Down $4,882,629 (-120%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

2022

Assets$2,962,424
Liabilities$0
Net Assets$2,962,424
Open 2022 Filing

Operations Trend

Revenue Growth8th percentile

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

2022

Revenue$1,918,267
Expenses$2,729,585
Net Income-$811,318
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 8, 2023
Return Version
2022v4.1
Gross Receipts
$2,894,295
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,730,648$1,340,868▼ $1,389,780
Investments in Publicly Traded Securities$1,175,105$1,262,941▲ $87,836
Cash and Non-Interest-Bearing Accounts$191,911$352,422▲ $160,511
Accounts Receivable$1,950$6,193▲ $4,243
Total Assets$4,099,614$2,962,424▼ $1,137,190
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,099,614$2,962,424▼ $1,137,190
Total Net Assets Fund Balance$4,099,614$2,962,424▼ $1,137,190
Total Liabilities and Net Assets / Fund Balance$4,099,614$2,962,424▼ $1,137,190
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Naresh JainChairman
Arun TripathiPresident
Ramesh SrinivasanDirector
Soumyo SarkarDirector
Vikash AgarwalSecrectary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,879,053
Program Service Revenue
$0
Investment Income
$39,214
Other Revenue
$0
All Other Contributions
$1,879,053
Change in Net Assets
$-811,318

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$811,021Fair Market Value
Total Noncash Contributions2$811,021-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,918,267
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-325,871
Total Revenue per Audited Statements
$1,592,396
Total Revenue per Form 990
$1,918,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,659,022
Other Expenses$70,563
Total Fundraising Expense$30,866
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,659,022--$2,659,022
Fees for Services Other--$27,500$27,500
Fees for Services Accounting-$20,810-$20,810
Office Expenses-$8,179-$8,179
Advertising-$4,800$3,366$8,166
Other Expenses$60$1,808-$1,868
Insurance-$905-$905
Travel-$68-$68
Total Functional Expenses$2,662,149$36,570$30,866$2,729,585

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,729,585
Total Expenses per Audited Statements$2,729,585
Total Expenses per Form 990$2,729,585
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,659,022

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 AsiaGrantmakingTO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)".00$2,659,022
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 A, Line 8A

“Minutes of meetiings held by the board of directors haven't been recorded since operations are not yet at a point where minutes have been able to be recorded in an official manor.”

Form 990, Part VI, Section A, Line 8B

“There are no established committees that can act on behalf of the governing body.”

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

“A copy to the 990 is provided to all board members for their review prior to filing.”

Form 990, Part VI, Section B, Line 12

“Board members are reminded at meetings of th conflict of interest policy and to disclose any potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements to the public at the organizations office upon written request.”

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
2023-03-08
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized gains/losses on investme -325,872.”

Financial Statement Notes

PART X, LINE 2:

“The organization follows the guidance for uncertainty in income taxes. As of december 31, 2022, the organization believes that it has appropriate support for the income tax positions taken and to be taken on its returns based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. The organization has concluded that there are no significant uncertain tax positions requiring disclosure, and there are no material amounts of unrecognized tax benefits.”

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/AccountsReceivableGrp/BOYAmt01950
IRS990/AccountsReceivableGrp/EOYAmt06193
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/FundraisingAmt03366
IRS990/AdvertisingGrp/ManagementAndGeneralAmt04800
IRS990/AdvertisingGrp/TotalAmt08166
IRS990/AllOtherContributionsAmt01879053
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ARUN TRIPATHI
IRS990/BooksInCareOfDetail/PhoneNum07043402344
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 COUNTRY BROOK LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MONROE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd008831
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0191911
IRS990/CashNonInterestBearingGrp/EOYAmt0352422
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01879053
IRS990/CYGrantsAndSimilarPaidAmt02659022
IRS990/CYInvestmentIncomeAmt039214
IRS990/CYOtherExpensesAmt070563
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-811318
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02729585
IRS990/CYTotalFundraisingExpenseAmt030866
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01918267
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO GIVE GRANTS 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.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02662149
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020810
IRS990/FeesForServicesAccountingGrp/TotalAmt020810
IRS990/FeesForServicesOtherGrp/FundraisingAmt027500
IRS990/FeesForServicesOtherGrp/TotalAmt027500
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt02659022
IRS990/ForeignGrantsGrp/TotalAmt02659022
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ARUN TRIPATHI
IRS990/Form990PartVIISectionAGrp/PersonNm1VIKASH AGARWAL
IRS990/Form990PartVIISectionAGrp/PersonNm2NARESH JAIN
IRS990/Form990PartVIISectionAGrp/PersonNm3SOUMYO SARKAR
IRS990/Form990PartVIISectionAGrp/PersonNm4RAMESH SRINIVASAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRECTARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt03174
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt02659022
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0979202
IRS990/GrossReceiptsAmt02894295
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0905
IRS990/InsuranceGrp/TotalAmt0905
IRS990/InvestmentIncomeGrp/ExclusionAmt036040
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt036040
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01175105
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01262941
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0976028
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd00
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt04099614
IRS990/NetAssetsOrFundBalancesEOYAmt02962424
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt03174
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03174
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04099614
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02962424
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0811021
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08179
IRS990/OfficeExpensesGrp/TotalAmt08179
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-325872
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01808
IRS990/OtherExpensesGrp/ProgramServicesAmt03067
IRS990/OtherExpensesGrp/ProgramServicesAmt160
IRS990/OtherExpensesGrp/TotalAmt03067
IRS990/OtherExpensesGrp/TotalAmt11868
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04120701
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021418
IRS990/PYOtherExpensesAmt070808
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04071311
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt070808
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04142119
IRS990/ReconcilationRevenueExpnssAmt0-811318
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02730648
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01340868
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01879053
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04120701
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt065000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06064754
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039214
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021418
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt060632
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt03669824
IRS990ScheduleA/SubstantialContributorsTotAmt02394930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01879053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04120701
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt065000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06064754
IRS990ScheduleA/TotalSupportAmt06125386
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/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02729585
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-325871
IRS990ScheduleD/RevenueNotReportedAmt0-325871
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01918267
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FOLLOWS THE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. AS OF DECEMBER 31, 2022, THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE INCOME TAX POSITIONS TAKEN AND TO BE TAKEN ON ITS RETURNS BASED ON AN ASSESSMENT OF MANY FACTORS INCLUDING EXPERIENCE AND INTERPRETATIONS OF TAX LAWS APPLIED TO THE FACTS OF EACH MATTER. THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02729585
IRS990ScheduleD/TotalRevenuePerForm990Amt01918267
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01592396
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02729585
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt02659022
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)".
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt02659022
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0FUNDS TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)".
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt02659022
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE MAJORITY OF THE FUNDS EXPENDED ARE EARMARKED FOR SPECIFIC PURPOSES KNOWN BY THE FOUNDATION. ANY REMAINING FUNDS WILL BE REPORTED ON A QUARTERLY BASIS TO THE FOUNDATION, AS REQURED. GRANTEES ARE RESPONSIBLE FOR INSURING THAT THE FUNDS ARE EXPENDED IN ACCORDANCE WITH REQUIREMENS SET FORTH IN THE GRANTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt02659022
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0811021
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0NONCASH CONTRIBUTIONS WERE MADE DURING THE YEAR FROM TWO INDIVIDUALS THAT CONSISTED OF VARYING AMOUNTS OF STOCKS IN SEVERAL PUBLIC COMPANIES TO BE USED AT THE BOARD'S DISCRETION.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MINUTES OF MEETIINGS HELD BY THE BOARD OF DIRECTORS HAVEN'T BEEN RECORDED SINCE OPERATIONS ARE NOT YET AT A POINT WHERE MINUTES HAVE BEEN ABLE TO BE RECORDED IN AN OFFICIAL MANOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO ESTABLISHED COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY TO THE 990 IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ARE REMINDED AT MEETINGS OF TH CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC AT THE ORGANIZATIONS OFFICE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAINS/LOSSES ON INVESTME -325,872.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04099614
IRS990/TotalAssetsEOYAmt02962424
IRS990/TotalAssetsGrp/BOYAmt04099614
IRS990/TotalAssetsGrp/EOYAmt02962424
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01879053
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt030866
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt036570
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02662149
IRS990/TotalFunctionalExpensesGrp/TotalAmt02729585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04099614
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02962424
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02662149
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt039214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01918267
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04099614
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02962424
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt068
IRS990/TravelGrp/TotalAmt068
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt037 E COBBLEHILL ROAD
IRS990/USAddress/CityNm0LOUDONVILLE
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012211
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.IITBHUFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ARUN TRIPATHI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ARUN TRIPATHI
ReturnHeader/BusinessOfficerGrp/PhoneNum07043402344
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-08
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/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141624930
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TEAL BECKER & CHIARAMONTE CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07 WASHINGTON SQUARE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012205
ReturnHeader/PreparerPersonGrp/PhoneNum05184566663
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE MUMFORD CPA
ReturnHeader/ReturnTs02023-03-09T12:36:06-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARUN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TRIPATHI
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$2,962,424
Liabilities
$0
Net assets
$2,962,424
Revenue
$1,918,267
Expenses
$2,729,585
Net income
-$811,318
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