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DESHPANDE FOUNDATION INC

EIN 20-8520739 BOSTON, MA

Browse the largest nonprofits in Massachusetts

Revenue 2024
$121,436
Expenses 2024
$8,115,565

Program services were 98.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
T20
Classification
1000
Street
75 ARLINGTON STREET FL 3

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

The Deshpande Foundation, Inc. encourages the use of entrepreneurship and innovation as catalysts for societal change and improved quality of life.

  • Utilizing grant-making and education to promote geographically-relevant process, technological and social innovation and entrepreneurship.

    Expenses $8,018,504 · Grants $7,736,500

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Kate R Guedj

    Treasurer & Director

    Total calculated
    $469,241
    From this org
    $0
    From related orgs
    $400,579
    Other
    $68,662
    Hours/week
    0.25 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $382,601 related
    Bonus
    $0 + $11,490 related
    Other
    $0 + $6,488 related
    Deferred
    $0 + $37,621 related
    Nontaxable benefits
    $0 + $31,041 related
    Filer's total
    $0 + $469,241 related

  • Orlando Watkins

    Clerk & Director

    Total calculated
    $362,123
    From this org
    $0
    From related orgs
    $341,254
    Other
    $20,869
    Hours/week
    0.25 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,372 related
    Bonus
    $0 + $9,720 related
    Other
    $0 + $3,162 related
    Deferred
    $0 + $19,767 related
    Nontaxable benefits
    $0 + $1,102 related
    Filer's total
    $0 + $362,123 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

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $121,436
    Expenses
    $8,115,565
    Contributions
    $0
    Grants paid
    $7,736,500
  • 2023
    Revenue
    $110,055
    Expenses
    $681,277
    Contributions
    $0
    Grants paid
    $100,000
  • 2022
    Revenue
    -$226,805
    Expenses
    $842,802
    Contributions
    $0
    Grants paid
    $25,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $126,792
    Expenses
    $711,056
    Assets (EOY)
    $14,002,342

  • 2020 · 990

    Revenue
    $113,626
    Expenses
    $1,331,277
    Assets (EOY)
    $15,245,011

  • 2019 · 990

    Revenue
    $123,612
    Expenses
    $1,191,518
    Assets (EOY)
    $12,443,760

  • 2018 · 990

    Revenue
    $138,452
    Expenses
    $524,624
    Assets (EOY)
    $13,627,358

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.