Bitsaa International Inc
- Assets
- $663.1k
- Revenue
- $712.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sunnyvale, CA
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 22-3835037
Organization Overview
Bitsaa International Inc is located in Sunnyvale, CA. The organization was established in 2002. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bitsaa International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bitsaa International Inc generated $712.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $693.5k during the year ending 12/2021. While expenses have increased by 23.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN EDUCATIONAL AND CHARITABLE ACTIVITIES BY RAISING FUNDS FOR SETTING UP ENDOWMENTS, CREATING SCHOLARSHIPS,REWARDING TEACHING AND RESEARCH,AND GENERALLY PROMOTING THE DEVELOPMENT OF RESOURCES AT BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE, PILANI, INDIA AND ITS CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APPCAIR PALAKURTHI - TRANSFERRED TO BITS PILANI CAMOURS TO SUPPORT STUDENTS FOR VARIOUS PROJECTS
PEROT JAIN DONATION FOR INCUBATION AND INNOVATION CENTER IN PILANI CAMPUS AND TRANSFERRED TO CAMPUS IN INDIA - $201600
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sai Prameela Konduru CEO | OfficerTrustee | 16 | $0 |
Harsh Bhargava Chairperson | OfficerTrustee | 4 | $0 |
Neeti Pokharna COO | OfficerTrustee | 14 | $0 |
Rajesh Chelapurath Cio | OfficerTrustee | 4 | $0 |
Nishank Varshney CFO | OfficerTrustee | 8 | $0 |
Ganpy Nataraj Trustee | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $692,981 |
| Total Program Service Revenue | $0 |
| Investment income | $19,829 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $712,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $686,069 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $693,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $410,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $253,099 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,111 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $152,712 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $510,399 |
| Total liabilities and net assets/fund balances | $663,111 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bitsaa International Inc has recieved totaling $157,530.
| Awarding Organization | Amount |
|---|---|
The@sarah And Ross Perot Jr Foundation Dallas, TX PURPOSE: HUMANITARIAN | $105,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,564 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,030 |
Rajdeepa Family Private Foundation Bellaire, TX PURPOSE: CHARITY | $525 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $216 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Alumni Association Berkeley, CA | $38,249,351 | $14,037,142 |
Weimar Institute Weimar, CA | $18,297,667 | $10,612,549 |
Oregon State University Alumni Association Inc O S U Corvallis, OR | $18,895,220 | $6,031,432 |
University Of Arizona Alumni Association Tucson, AZ | $10,483,265 | $3,295,631 |
Ucla Alumni Association Los Angeles, CA | $18,983,733 | $2,720,692 |
Alumni Association School Of Medicine Loma Linda University Loma Linda, CA | $21,070,782 | $4,635,468 |
Arizona State University Alumni Association Tempe, AZ | $23,640,025 | $1,664,234 |
Portland State University Alumni Association Portland, OR | $0 | $742,849 |
California Aggie Alumni Association Davis, CA | $7,429,243 | $1,694,563 |
Academy Services Corporation Tucson, AZ | $5,843,114 | $1,767,337 |
Alumni Association Of The University Of Oregon Eugene, OR | $21,027,924 | $2,555,814 |
Uci Alumni Association Irvine, CA | $15,784,967 | $1,191,682 |