Wadhwani Institute For Artificial Intelligence Foundation
- Assets
- $8.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 82-2506250
Organization Overview
Wadhwani Institute For Artificial Intelligence Foundation is located in Los Altos, CA. The organization was established in 2019. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadhwani Institute For Artificial Intelligence Foundation 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 12/2023, Wadhwani Institute For Artificial Intelligence Foundation generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $9.1m during the year ending 12/2023. While expenses have increased by 22.3% per year over the past 6 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.
Since 2020, Wadhwani Institute For Artificial Intelligence Foundation has awarded 22 individual grants totaling $15,328,249. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunil Wadhwani President/director | 0.5 | $0 | |
Romesh T Wadhwani Secretary/treasurer/direct | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locuz Enterprise Solutions | 12/30/23 | $664,083 |
Everwell Health Solutions Private Limited | 12/30/23 | $199,760 |
Bdo | 12/30/23 | $68,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,988,255 |
| Interest on Savings | $111,547 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,099,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $574 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23,452 |
| Printing and publications | $0 |
| Other expenses | $1,145,680 |
| Total operating and administrative expenses | $1,380,856 |
| Contributions, gifts, grants paid | $7,757,862 |
| Total expenses and disbursements | $9,138,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,159,243 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $80,113 |
| Other assets | $0 |
| Total assets | $8,243,356 |
| Accounts payable and accrued expenses | $353,063 |
| Grants payable | $0 |
| Deferred revenue | $1,650,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,003,063 |
Grants Awarded
Over the last fiscal year, Wadhwani Institute For Artificial Intelligence Foundation has awarded $7,649,009 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
PATH PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT TRANSFORMATIVE RESEARCH AND ARTIFICIAL INTELLIGENCE (AI) CAPACITY FOR ELIMINATION OF TUBERCULOSIS AND RESPONDING TO INFECTION DISEASES. | $71,118 |
SOCIETY FOR EDUCATION WELFARE AND ACTION - RURAL PURPOSE: THE PURPOSE OF THE GRANT TO BUILD A DATASET OF SHORT VIDEOS AND IMAGES OF INDIAN NEWBORNS ACROSS VARIOUS BIRTH WEIGHTS, CAPTURED ON AN ANDROID SMARTPHONE, ALONG WITH CORRESPONDING MEASUREMENTS SUCH AS WEIGHT, CROWN-TO-HEEL LENGTH, HEAD CIRCUMFERENCE, CHEST CIRCUMFERENCE. THE DATASET WILL BE USED TO DESIGN AND DEVELOP AN AI-POWERED SOLUTION THAT WILL ALLOW PUBLIC HEALTH FRONTLINE WORKER TO ESTIMATE NEWBORN WEIGHT FROM IMAGES AND / OR SHORT VIDEOS TAKEN FROM MOBILE PHONES, ENABLING EASY, GEOTAGGED, TAMPER-PROOF SCREENING OF LOW BIRTH WEIGHT NEWBORNS. | $38,342 |
POSTGRADUATE INSTITUTE OF MEDICAL EDUCATION AND RESEARCH PURPOSE: THE PURPOSE OF THE GRANT IS TO SUPPORT POSTGRADUATE INSTITUE OF MEDICAL EDUCATION AND RESEARCH TO SET UP PUBLIC HIGHER-EDUCATION INSTITUTION. | $16,195 |
NATIONAL ENTREPRENEURSHIP NETWORK (NEN) PURPOSE: THE PURPOSE OF THE GRANT IS TO INTRODUCE ARTIFICIAL INTELLIGENCE (AI) SOLUTIONS FOR INFECTIOUS DISEASES OF PUBLIC HEALTH IMPORTANCE LIKE TUBERCULOSIS (TB). THE AI SOLUTIONS DEVELOPED AND DEPLOYED WILL HELP IN PREPARING, PREVENTING, DETECTING AND RESPONDING TO INFECTIOUS DISEASES IN INDIA. THE PROJECT WILL BRING EFFICIENCY WITHIN EXISTING RESOURCES BY WAY OF AUTOMATION AND THEREBY AUGMENT GOVERNMENT OF INDIA'S AND OTHER COLLECTIVE DISEASE PREVENTION AND CONTROL EFFORTS. | $7,498,366 |
PROJECT CONCERN INTERNATIONAL PURPOSE: THE OBJECTIVE OF THIS ENDEAVOR WILL BE TO INFORM AND VALIDATE A SMARTPHONE-BASED ANTHROPOMETRY SOLUTIONFOR GROWTH MEASUREMENT BY COMPARING THE SMARTPHONE IMAGE AND ANTHROPOMETRIC FINDINGS AMONG LESSTHAN SIX WEEKS OLD CHILDREN. | $24,988 |