Indian Institute Of Technology Kanpur Foundation Inc
- Assets
- $2.4m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 94-3370645
Organization Overview
Indian Institute Of Technology Kanpur Foundation Inc is located in Palo Alto, CA. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Indian Institute Of Technology Kanpur 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 12/2021, Indian Institute Of Technology Kanpur Foundation Inc generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.3% each year . All expenses for the organization totaled $6.8m during the year ending 12/2021. While expenses have increased by 57.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSES FOR WHICH THE FOUNDATION IS ORGANIZED ARE TO FUND AND PROMOTE OVERALL BETTERMENT OF STUDENTS, FACULTY AND ALUMNI BODY OF THE INDIAN INSTITUTE OF TECHNOLOGY, KANPUR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IIT KANPUR ENDOWMENT FUND : ESTABLISHING FACULTY CHAIRS, FUNDING STUDENT SCHOLARSHIPS, BUILDING LABORATORIES, MAINTENANCE AND UPGRADE OF STUDENT HOUSING, CREATING SCHOOL OF MEDICAL RESEARCH AND TECHNOLOGY, ESTABLISHING CENTER FOR CLIMATE SCIENCES, AND OTHERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajeev Ranjan President | Trustee | 5 | $0 |
Atul Mathur VP Events | Trustee | 5 | $0 |
Prof Abhay Karandikar Director | Trustee | 2 | $0 |
Surbhi Kaul VP Marketing | Trustee | 5 | $0 |
Ram Misra Past President | Trustee | 2 | $0 |
Kapil Kaul CEO | Trustee | 5 | $0 |
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 | $9,040,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,040,965 |
| Total Program Service Revenue | $0 |
| Investment income | -$8,848 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,032,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $6,742,672 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $973 |
| Fees for services: Accounting | $1,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,938 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,759,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,518 |
| Savings and temporary cash investments | $2,384,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,445,670 |
| Accounts payable and accrued expenses | $973 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $973 |
| Net assets without donor restrictions | $2,262,297 |
| Net assets with donor restrictions | $182,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,445,670 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Indian Institute Of Technology Kanpur Foundation Inc has recieved totaling $273,633.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $81,210 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $55,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $30,000 |
Bose Family Foundation Inc Saratoga, CA PURPOSE: TO PROMOTE THE INTEREST AND WELFARE OF THE INDIAN INSTITUTE OF TECHNOLOGY KANPUR | $5,000 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |