Paniit Inc
- Assets
- $391.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 43-2047118
Organization Overview
Paniit Inc is located in Fremont, CA. The organization was established in 2005. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & 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. Paniit Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Paniit Inc generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (54.5%) each year. All expenses for the organization totaled $205.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFER COMMON ALUMNI SERVICES TO HELP ALUMNI ACHIEVE THEIR PROFESSIONAL PERSONAL GOAL FACILITATE INTEGRATION INTO MAISTREAM AMERICAN COMMUN
Describe the Organization's Program Activity:
Part 3
SOCIAL NETWORKING FOR ALUMNI TO BRING TOGETHER SOME OF THE FINEST MIND TO SHARE AND EXCHANGE IDEAS IN THE FIELD OF TECHNOLOGY AND OFFER MENTORSHIP DUE TO COVID IMPACT IN 2020 PANIIT COULD REACH MORE NUMBERS PARTICIPENTS WORLDWIDE VIRTUALLY
MEMBER'S CONTRIBUTION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Srinath Chigullapalli Technology Rep | 4 | $0 | |
Witty Bindra Conference Rep | 4 | $0 | |
Arun Jain Vice President | 4 | $0 | |
Amit Arora Chapter Rep | 4 | $0 | |
Huzefa Shakir CFO Treasurer | 6 | $0 | |
Sundaram Srinivasan President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,801 |
| Total Program Service Revenue | $867 |
| Membership dues | $0 |
| Investment income | $80 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,748 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $31,978 |
| Occupancy, rent, utilities, and maintenance | $361 |
| Printing, publications, postage, and shipping | $998 |
| Other expenses | $172,002 |
| Total expenses | $205,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $391,734 |
| Other assets | $0 |
| Total assets | $391,734 |
| Total liabilities | $0 |
| Net assets or fund balances | $391,734 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Paniit Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Rita Bhandari Memorial Foundation Corp Miamii, FL PURPOSE: CHARITABLE PURPOSES | $2,500 |
Rita Bhandari Memorial Foundation Corp Miamii, FL PURPOSE: CHARITABLE PURPOSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California School Boards Association West Sacramento, CA | $20,596,502 | $19,484,567 |
Clark County Education Association Las Vegas, NV | $9,610,154 | $9,258,447 |
American Federation Of Teachers Lc 6361 San Francisco, CA | $2,978,110 | $8,081,042 |
California Association For Bilingual Education Walnut, CA | $8,277,202 | $6,094,460 |
Nevada State Education Association Las Vegas, NV | $3,615,920 | $4,845,245 |
Fund For Portland Public Schools Portland, OR | $3,364,436 | $3,238,281 |
California Teachers Association Economic Benefits Trust Burlingame, CA | $165,814,137 | $17,454,519 |
San Diego Education Association San Diego, CA | $3,000,891 | $2,995,523 |
California Library Association Pasadena, CA | $1,987,404 | $2,763,613 |
Debbie Allen Dance Inc Los Angeles, CA | $25,620,452 | $12,139,925 |
California It In Education Sacramento, CA | $2,831,192 | $2,707,740 |
Music Teachers Association Of California Walnut Creek, CA | $2,327,527 | $2,654,962 |