Iitk Fund Inc
- Assets
- $212.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2209935
Organization Overview
Iitk Fund Inc is located in New York, NY. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iitk Fund 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, Iitk Fund Inc generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $82.0k 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 Program Activity:
Part 3
IITK FUND GRANTED FUNDS TO IIT KANPUR TO ASSIST THE SCHOOL WITH NEEDS SUCH AS SCHOLARSHIPS, INFRASTRUCTURE, RESEARCH, STUDENT INITIATIVES, COMMUNITY SERVICE FOR PEOPLE IN NEED, AS WELL AS ACTIVITIES THAT ARE NOT COVERED BY GOVERNMENT FUNDING. THESE FUNDS ENABLED IIT KANPUR TO ASSIST A MULTITUDE OF STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sripat Pandey Secretary | 0.5 | $0 | |
Taranbir Singh Director | 0.5 | $0 | |
Sanjiv Khosla President/treasurer | 10 | $0 | |
B V Phani Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,340 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,340 |
| 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 | $1,766 |
| Occupancy, rent, utilities, and maintenance | $131 |
| Printing, publications, postage, and shipping | $91 |
| Other expenses | $0 |
| Total expenses | $81,988 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,032 |
| Other assets | $0 |
| Total assets | $212,032 |
| Total liabilities | $2,234 |
| Net assets or fund balances | $209,798 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iitk Fund Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $750 |
Peer Organizations
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|---|---|---|
Marys Meals Usa Inc Bloomfield, NJ | $3,234,334 | $9,784,357 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Big Heart Foundation Inc Clifton, NJ | $8,754,377 | $8,531,455 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |
Metro World Child Foundation Inc Brooklyn, NY | $2,538,697 | $8,020,281 |
World Spiritual Awareness Forum Inc Roslyn Heights, NY | $803,724 | $7,990,339 |
Refugepoint Inc Boston, MA | $13,622,053 | $13,092,298 |
Albanian-American Development Foundation New York, NY | $216,065,025 | $9,264,607 |
Vsk Foundation Woodside, NY | $1,033,022 | $6,451,312 |
American Friends Of The Kiev Jewish Community Monsey, NY | $174,348 | $5,759,125 |