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Aneev Foundation INC FY2024 filing

Tax-deductible

Saratoga, CA501(c)(3)Since 2023Foundations & GrantmakersEIN 93-4359196Revenue $409K in FY2024

On file with the IRSaneev.foundation20091 Pierce CT, 95070-3806 · Saratoga, CATax-exempt since Jan 2024Publicly supported charity — 170(b)(1)(A)(vi)

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The purpose of the organization is to empower and fuel progress through education, mentorship, vital financial support, volunteer service programs and making distributions to other 501(c)(3) organizations.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $314K a year · 87% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
304 mo
of spending, in cash
Looks good: 303.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
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
$409K
+63% vs prior year
Spent
$25K
To programs
70%
Net assets
$630K
By yearFY2023–FY2025
Revenue
$409K
FY2024▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2023$250K
FY2024$409K
FY2025$426K
Expenses
$25K
FY2024▲ +612%
Tap a bar for its year
Expenses by fiscal year
FY2023$4K
FY2024$25K
FY2025$114K
Net assets
$630K
FY2024▲ +156%
Tap a bar for its year
Net assets by fiscal year
FY2023$246K
FY2024$630K
FY2025$944K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $17K Management & general 24% · $6K Fundraising 6% · $1K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Himanshu Mehra
President, Director
$0Pt VII · Sec A
Yukte Oberoi
VP, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Aneev Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering progress through education, mentorship, financial aid, and volunteer service.

Questions for Aneev Foundation INC

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Provided by the organization

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1 program · $17K · in their own filed words · FY2024
01

The purpose of the organization is to empower and fuel progress through education, mentorship, vital financial support, volunteer service programs and making distributions to other 501(c)(3) organizations.

$17Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$409K
Ln 12
Gifts and grantsLn 1h$400K
Investment incomeLn 3$9K
Money outPt IX
$25K
Ln 25
Programscol B$17K
Managementcol C$6K
Fundraisingcol D$1K
Owns and owesPt X
$630K
net assets · Ln 32
Cash and savingsLn 1–2$630K
Total assetsLn 16$630K
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$400K
Investment incomeLn 3$9K
Total revenueLn 12$409K
Assets in detailPt X, end of year
CashLn 1$630K
Cash and savings togetherLn 1–2$630K
Total assetsLn 16$630K
LiabilitiesLn 26$0
Net assetsLn 32$630K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$246K$630K
Total assetsLn 16$246K$630K
LiabilitiesLn 26$0$0
Net assetsLn 32$246K$630K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Office expensesLn 13$987$987
Information technologyLn 14$3K$3K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$7K$3K$2K$1K
Other expenses (24a–d)Ln 24$75$75
Total functional expensesLn 25$25K$17K$6K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $426K$114K$312K$944K 990 PDF
FY2024 Viewing $409K$25K$384K$630K 990 PDF
FY2023 $250K$4K$246K$246K 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 FY2024 990 (6 parts)
Part I · Summary $408,624 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,000$400,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$8,624
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $250,000$408,624
I-13 Grants and similar amounts paidPrior year $0$9,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,500$15,219
I-18 Total expensesPrior year $3,500$24,919
I-19 Revenue less expensesPrior year $246,500$383,705
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $408,624 across 4 lines filed
VIII-1f All other contributions, gifts and grants$400,000
VIII-1h Total contributions, gifts and grants$400,000
VIII-3 Investment incomeExcluded from tax $8,624$8,624
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,624$408,624
Part IX · Statement of functional expenses $24,919 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $9,700$9,700
IX-13 Office expensesManagement $987$987
IX-14 Information technologyManagement $2,695$2,695
IX-17 TravelPrograms $4,803$4,803
IX-19 Conferences, conventions and meetingsPrograms $2,911 · Management $2,272 · Fundraising $1,476$6,659
IX-24 Other expenses (24a–d)Management $75$75
IX-25 Total functional expensesPrograms $17,414 · Management $6,029 · Fundraising $1,476$24,919
Part X · Balance sheet $630,205 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $246,500$630,205
X-16 Total assetsStart of year $246,500$630,205
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $246,500$630,205
X-32 Total net assets or fund balancesStart of year $246,500$630,205
X-33 Total liabilities and net assetsStart of year $246,500$630,205
Part XI · Reconciliation of net assets $630,205 net assets at year end
XI-1 Total revenue$408,624
XI-2 Total expenses$24,919
XI-3 Revenue less expenses$383,705
XI-4 Net assets at start of year$246,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$630,205

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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