Iitmaana FY2023 filing

Tax-deductible

Cupertino, CA501(c)(3)EducationEIN 76-0035493

Support educational activities at iit- alumni network

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $13K a year · 2% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
59 mo
of spending, in cash
Looks good: 58.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
+309% vs prior year
Spent
$46K
To programs
100%
Net assets
$226K
By yearFY2019–FY2024
Revenue
$46K
FY2023▲ +309%
Revenue by fiscal year
FY2019$41K
FY2020$36K
FY2021$1.7M
FY2022$11K
FY2023$46K
FY2024$64K
Expenses
$46K
FY2023▼ -89%
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021$1.3M
FY2022$429K
FY2023$46K
FY2024Not on file
Net assets
$226K
FY2023-0.1%
Net assets by fiscal year
FY2019$149K
FY2020$152K
FY2021$661K
FY2022$227K
FY2023$226K
FY2024$239K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $46K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary Vice-President
$0Pt VII · Sec A
Treasurer Vice-President
$0Pt VII · Sec A
See Iitmaana executive salaries →

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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

Funds educational programs and initiatives for the IIT alumni network.

Provided by the organization

This section is blank until Iitmaana claims this page.

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1 program service account for $46K of program spending, described in the organization's own filed words · FY2023.
01

Event expenses for houston and ba chapter

$46Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 1 grant · $409K · 2022–2022
Iit Madras FoundationCA · FY2022$408,765

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$46K
Ln 12
Gifts and grantsLn 1h$46K
Investment incomeLn 3$73
Money outPt IX
$46K
Ln 25
Programscol B$46K
Owns and owesPt X
$226K
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$226K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Investment incomeLn 3$73
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$226K
Cash and savings togetherLn 1–2$226K
Total assetsLn 16$226K
LiabilitiesLn 26$0
Net assetsLn 32$226K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$227K$226K
Total assetsLn 16$227K$226K
LiabilitiesLn 26$0$0
Net assetsLn 32$227K$226K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$600$600
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$500$500
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$112$112
Total functional expensesLn 25$46K$46K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $64K$239K 990 PDF
FY2023 Viewing $46K$46K−$28$226K 990 PDF
FY2022 $11K$429K−$418K$227K 990 PDF
FY2021 $1.7M$1.3M$456K$661K 990 PDF
FY2020 $36K$152K 990 PDF
FY2019 $41K$149K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $46,327 across 4 lines filed
VIII-1f All other contributions, gifts and grants$46,254
VIII-1h Total contributions, gifts and grants$46,254
VIII-3 Investment income$73
VIII-12 Total revenue$46,327
Part IX · Statement of functional expenses $46,355 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $600$600
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $500$500
IX-24 Other expenses (24a–d)Programs $45,143$45,143
IX-24e All other expensesPrograms $112$112
IX-25 Total functional expensesPrograms $46,355 · Management $0 · Fundraising $0$46,355
Part X · Balance sheet $226,356 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $226,622$226,356
X-16 Total assetsStart of year $226,622$226,356
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $226,622$226,356
X-33 Total liabilities and net assetsStart of year $226,622$226,356
Part XI · Reconciliation of net assets $226,356 net assets at year end
XI-1 Total revenue$46,327
XI-2 Total expenses$46,355
XI-3 Revenue less expenses−$28
XI-4 Net assets at start of year$226,622
XI-5 Net unrealized gains (losses) on investments−$238
XI-10 Net assets at end of year$226,356

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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