Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2007.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
7 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Fosters entrepreneurship and innovation to create societal change and improve lives.
Questions for Deshpande Foundation INC
Your first name shows with your question. Deshpande Foundation INC answers here, for everyone.
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Utilizing grant-making to promote geographically-relevant process, technological and social innovation and entrepreneurship.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| InvestmentsLn 11–13 | $15.2M | $14.0M |
| Total assetsLn 16 | $15.2M | $14.0M |
| LiabilitiesLn 26 | $2K | $9K |
| Net assetsLn 32 | $15.2M | $14.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Other salaries and wagesLn 7 | $378K | $378K | ||
| Pension plan contributionsLn 8 | $17K | $17K | ||
| Other employee benefitsLn 9 | $50K | $50K | ||
| Payroll taxesLn 10 | $27K | $27K | ||
| Management feesLn 11a | $52K | $52K | ||
| Investment management feesLn 11f | $40K | $40K | ||
| Advertising and promotionLn 12 | $447 | $447 | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $604 | $604 | ||
| TravelLn 17 | $2K | $2K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $133K | $133K | ||
| Total functional expensesLn 25 | $711K | $619K | $92K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $121K | $8.1M | −$8.0M | $7.1M | 990 PDF |
| FY2024 | $110K | $681K | −$571K | $14.2M | 990 PDF |
| FY2023 | −$227K | $843K | −$1.1M | $13.5M | 990 PDF |
| FY2022 Viewing | $127K | $711K | −$584K | $14.0M | 990 PDF |
| FY2021 | $114K | $1.3M | −$1.2M | $15.2M | 990 PDF |
| FY2020 | $124K | $1.2M | −$1.1M | $12.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $126,792 revenue, 12 lines filed
Part VI · Governance 4 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $126,792 across 3 lines filed
Part IX · Statement of functional expenses $711,056 across 13 lines filed
Part X · Balance sheet $14,002,342 assets, 9 lines filed
Part XI · Reconciliation of net assets $13,992,874 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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