Iit Bay Area Alumni
- Assets
- $224.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 82-4112606
Organization Overview
Iit Bay Area Alumni is located in San Jose, 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. Iit Bay Area Alumni 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, Iit Bay Area Alumni generated $82.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.2%) per year over the past 3 years. 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
CHARITABLE & EDUCATIONAL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rao Charagondla CFO | 0 | $0 | |
Amina Sarwat Secretary | 0 | $0 | |
Suparna Kumar Board Member | 0 | $0 | |
Bidyut Parruck Board Member | 0 | $0 | |
Dipty Desai Board Member | 0 | $0 | |
Hrishikesh Sathwane Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,885 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $17 |
| Total Revenue | $82,902 |
| 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 | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,605 |
| Total expenses | $40,405 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,810 |
| Other assets | $0 |
| Total assets | $224,810 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,810 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iit Bay Area Alumni has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wadhwani Institute For Artificial Intelligence Foundation Los Altos, CA | $3,256,790 | $7,610,704 |
Imec Inc San Francisco, CA | $1,494,519 | $4,897,734 |
Scintillon Institute San Diego, CA | $1,260,479 | $3,205,276 |
Kestrel Institute Palo Alto, CA | $2,764,272 | $3,386,483 |
Open Research Lab Inc Oakland, CA | $10,022,134 | $10,163,260 |
Sierra Institute For Community And Taylorsville, CA | $4,935,635 | $3,987,418 |
Phoenix Bioinformatics Corporation Newark, CA | $2,438,726 | $1,432,149 |
Scientific Analysis Corp Alameda, CA | $2,082,230 | $1,446,716 |
Biocom Institute San Diego, CA | $371,676 | $1,938,912 |
Group Conscience San Diego, CA | $762,518 | $582,951 |
Project Invent San Francisco, CA | $570,134 | $1,005,665 |
California Biotechnology Foundation Sacramento, CA | $67,850 | $860,600 |