Iit Bhu Foundation Inc

Organization Overview

Iit Bhu Foundation Inc is located in Loudonville, NY. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Iit Bhu Foundation 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 12/2023, Iit Bhu Foundation Inc generated $1.2m in total revenue. All expenses for the organization totaled $593.3k during the year ending 12/2023.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS A U.S. "FRIENDS OF" ENTITY FORMED BY INDIVIDUALS WHO WISH TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA, WHICH IS EXPECTED TO BE THE PRINCIPAL (ALTHOUGH NOT NECESSARILY EXCLUSIVE) GRANTEE OF FUNDS DISTRIBUTED BY THE ORGANIZATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO GIVE GRANTS TO ADVANCE AND SUPPORT THE WORK OF THE INDIAN INSTITUTE OF TECHNOLOGY (BANARAS HINDU UNIVERSITY, "IIT (BHU)"), A PUBLIC TECHNICAL AND RESEARCH UNIVERSITY LOCATED IN VARANASI, UTTAR PRADESH, INDIA.


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Board, Officers & Key Employees

Name (title)Compensation
Vikash Agarwal
Secrectary
$0
Naresh Jain
Chairman
$0
Soumyo Sarkar
Director
$0
Ramesh Srinivasan
Director
$0
Sagar Bhimavarapu
CEO
$57,967

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$1,045,374
Noncash contributions included in lines 1a–1f $838,292
Total Revenue from Contributions, Gifts, Grants & Similar$1,045,374
Total Program Service Revenue$0
Investment income $107,281
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,045
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,159,700

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