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Nonprofiteer
← DESHPANDE FOUNDATION INC

Form 990 for tax year 2022

Filed by DESHPANDE FOUNDATION INC.

Totals

Total revenue
-$226,805
Total expenses
$842,802
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$6,008
Investment income
-$232,813
Other revenue
$0
Total assets, end of year
$13,506,530
Total liabilities, end of year
-$2,849
Net assets or fund balances, end of year
$13,509,379
Program services expenses (Part IX)
$752,128
Management and general expenses
$90,674
Fundraising expenses
$0
Program service expenses (Part III)
$752,128

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Paul S Grogan

    Director

    Total calculated
    $11,798
    From this org
    $0
    From related orgs
    $11,711
    Other
    $87
    Hours/week
    1

  • Kate R Guedj

    Treasurer & Director

    Total calculated
    $447,518
    From this org
    $0
    From related orgs
    $381,676
    Other
    $65,842
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $347,385 related
    Bonus
    $0 + $27,669 related
    Other
    $0 + $6,622 related
    Deferred
    $0 + $34,320 related
    Nontaxable benefits
    $0 + $31,522 related
    Filer's total
    $0 + $447,518 related

  • Gururaj Deshpande

    President & Director

    Total calculated
    $0
    Hours/week
    5

  • Hemang Dave

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jaishree Deshpande

    Director

    Total calculated
    $0
    Hours/week
    5

  • Sushil Vachani

    Director

    Total calculated
    $0
    Hours/week
    1

  • Servjeet Bhachu

    Clerk & CFO

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
Kate Guedj participated in a Supplemental Employee Retirement Plan (SERP). The total SERP contributions for the above participant for the calendar year ended December 31, 2022 were as follows: Non-Taxable Kate Guedj $16,020
Schedule J, Part I, Line 3
Methods to establish compensation: No member of the Deshpande Foundation, Inc. is compensated by the Deshpande Foundation. The methods used to establish compensation Kate Guedj, VP and Chief Philanthropy Officer of the Boston Foundation, Inc., reflect the methods employed by the Boston Foundation, Inc., a supported organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202411319349302666

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