Totals
- Total revenue
- $2,333,174
- Total expenses
- $2,087,013
- Contributions and grants received
- $2,370,903
- Grants paid
- $1,921,942
- Program service revenue
- $0
- Investment income
- -$38,019
- Other revenue
- $290
- Total assets, end of year
- $1,480,291
- Total liabilities, end of year
- $15
- Net assets or fund balances, end of year
- $1,480,276
- Program services expenses (Part IX)
- $2,077,790
- Management and general expenses
- $9,223
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,077,790
Program services were 99.6% 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.
-
1f · All other contributions, gifts and grants
$2,370,903
-
3 · Investment income
total -$38,019 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $290 · related or exempt $290 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$290
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $1,921,942 · program services $1,921,942
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $19,940 · program services $19,940 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $123,263 · program services $123,263 · management and general $0 · fundraising $0
-
16 · Occupancy
total $3,000 · program services $0 · management and general $3,000 · fundraising $0
-
23 · Insurance
total $535 · program services $0 · management and general $535 · fundraising $0
-
24a · Other expenses: Bank Charges
total $5,093 · program services $0 · management and general $5,093 · fundraising $0
-
24b · Other expenses: Software subscriptions
total $12,645 · program services $12,645 · management and general $0 · fundraising $0
-
24c · Other expenses: Miscellaneous expenses
total $258 · program services $0 · management and general $258 · fundraising $0
-
24d · Other expenses: Computer and internet
total $182 · program services $0 · management and general $182 · fundraising $0
-
24e · All other expenses
total $155 · program services $0 · management and general $155 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $413,312 · end of year $175,726
-
9 · Prepaid expenses and deferred charges
beginning of year $16,250 · end of year $250
-
12 · Investments: other securities
beginning of year $804,568 · end of year $1,304,315
-
17 · Accounts payable and accrued expenses
beginning of year $15 · end of year $15
-
31 · Retained earnings, endowment or other funds
beginning of year $1,234,115 · end of year $1,480,276
Mission and programs · 2022
Mission
To bring about a tranformation in the lives of brilliant but finacially needy students in india. The mission is accomplished by providing finacial 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 FINACIAL ASSISTANCE TO ENABLE STUDENTS TO CONTINUE AND COMPLETE THEIR HIGHER PROFESSIONAL EDUCATION.
Expenses $2,077,790 · Grants $1,921,942 · Revenue $2,333,174
As filed on the 2022 return.
Listed in Part VII
-
Prabhu GoelPRABHU GOEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sarosh D KumanaSAROSH D KUMANA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sanjaya KumarSANJAYA KUMAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bipin ShahBIPIN SHAH
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Venkatesh ShuklaVENKATESH SHUKLA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Minoo GuptaMINOO GUPTA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Anil KumarANIL KUMAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Raj ShahRAJ SHAH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ram G GuptaRAM G GUPTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Arjun BhagatARJUN BHAGAT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Darshan BhattDARSHAN BHATT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ashutosh AmanASHUTOSH AMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sudha KidaoSUDHA KIDAO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Nimal BaidNIMAL BAID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ranjith KagathiRANJITH KAGATHI
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
Schoarships to deserving students · IN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420669349301587
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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