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← FOUNDATION FOR EXCELLENCE INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR EXCELLENCE INC.

Totals

Total revenue
$3,739,608
Total expenses
$3,386,814
Contributions and grants received
$3,651,802
Grants paid
$3,138,327
Program service revenue
$0
Investment income
$87,806
Other revenue
$0
Total assets, end of year
$2,467,365
Total liabilities, end of year
$9,000
Net assets or fund balances, end of year
$2,458,365
Program services expenses (Part IX)
$3,302,881
Management and general expenses
$83,933
Fundraising expenses
$0
Program service expenses (Part III)
$3,302,881

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,651,802

  • 3 · Investment income

    total $87,806 · related or exempt $87,806

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $3,138,327 · program services $3,138,327

  • 11b · Fees: legal

    total $10,425 · program services $10,425

  • 12 · Advertising and promotion

    total $137,812 · program services $137,812

  • 16 · Occupancy

    total $3,000 · management and general $3,000

  • 23 · Insurance

    total $855 · management and general $855

  • 24a · Other expenses: BANK CHARGES & FEES

    total $15,338 · management and general $15,338

  • 24b · Other expenses: SOFTWARE SUBSCRIPTION

    total $16,317 · program services $16,317

  • 24c · Other expenses: UTILITIES

    total $193 · management and general $193

  • 24d · Other expenses: GENERAL ADMINISTRATION

    total $282 · management and general $282

  • 24e · All other expenses

    total $64,265 · management and general $64,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $164,824

  • 4 · Accounts receivable

    beginning of year $455,576 · end of year $139,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,750 · end of year $7,274

  • 12 · Investments: other securities

    beginning of year $1,467,421 · end of year $2,320,171

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $9,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,105,571 · end of year $2,458,365

Mission and programs · 2024

Mission

TO BRING ABOUT A TRANSFORMATION IN THE LIVES OF BRILLIANT BUT FINANCIALLY NEEDY STUDENTS IN INDIA.THE MISSION IS ACCOMPLISHED BY PROVIDING FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO CONTINUE AND COMPLETE THEIR HIGHER PROFESSIONAL EDUCATION IN INDIA.

  • TO BRING ABOUT A TRANSFORMATION IN THE LIVES OF BRILLIANT BUT FINANCIALLY NEEDY STUDENTS IN INDIA. THE MISSION IS ACCOMPLISHED BY PROVIDING FINANCIAL ASSISTANCE TO ENABLE STUDENTS TO CONTINUE AND COMPLETE THEIR HIGHER PROFESSIONAL EDUCATION.

    Expenses $3,302,881 · Grants $3,138,327 · Revenue $3,739,608

As filed on the 2024 return.

Listed in Part VII

  • Prabhu Goel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sarosh D Kumana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sanjaya Kumar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Venkatesh Shukla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Minoo Gupta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Anil Kumar

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Raj Shah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Ram G Gupta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Arjun Bhagat

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Darshan Bhatt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Ashutosh Aman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Sudha Kidao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Nimal Baid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ranjit Kagathi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Dr Sanjay Bindra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Devinder Kumar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Deepa Mahesh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FOUNDATION FOR EXCELLENCE INDIA

    SCHOARSHIPS TO DESERVING STUDENTS · IN

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202533049349300413

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