Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
18 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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Fund educational and charitable activities to support scholarships, teaching, research, and resource development at BITS Pilani.
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With the support of multiple individual and batch donations, new endowments have been setup to help alumni in need and support students for various projects
Anuradha and Prashanth Palakurthi donation setup for API and Research center in Pilani Campus and transferred to campus in India - $250950
Operating expenses including office expenses
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $631K | $530K |
| InvestmentsLn 11–13 | $98K | $114K |
| Total assetsLn 16 | $729K | $644K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $729K | $644K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $576K | $576K | ||
| Office expensesLn 13 | $10K | $10K | ||
| Total functional expensesLn 25 | $586K | $586K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.0M | $1.8M | $219K | $1.4M | 990 PDF |
| FY2023 | $1.7M | $1.2M | $430K | $1.2M | 990 PDF |
| FY2022 | $851K | $782K | $69K | $732K | 990 PDF |
| FY2021 | $713K | $693K | $19K | $663K | 990 PDF |
| FY2020 Viewing | $500K | $586K | −$85K | $644K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $500,357 across 4 lines filed
Part IX · Statement of functional expenses $585,822 across 2 lines filed
Part X · Balance sheet $643,793 assets, 6 lines filed
Part XI · Reconciliation of net assets $643,793 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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